Pan American Silver (PAASF) Operating Margin (2009 - 2026)
Pan American Silver (PAASF) posted quarterly Operating Margin of 55.72% for Q1 2026, up 2609.0% year-over-year from 2.06% in Q1 2025, and up 28.31% on a QoQ basis from 43.43% in Q4 2025.
Pan American Silver (PAASF) Operating Margin (2009 - 2026) Analysis & Trends
Pan American Silver (PAASF) has reported Operating Margin for 18 consecutive years, with 55.72% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 2609.0% year-over-year to 55.72%; the TTM figure through Mar 2026 stood at 41.22% (up 1697.0% YoY), while the FY2025 annual figure was 34.07%, up 1523.0% from the prior year.
- Operating Margin came in at 55.72% for Q1 2026 at Pan American Silver, up from 43.43% in the prior quarter.
- The five-year high for Operating Margin was 55.72% in Q1 2026, with the low at 15.08% in Q3 2022.
- Average Operating Margin over 5 years is 16.45%, with a median of 14.63% recorded in 2023.
- Across the five-year window, Operating Margin plunged 3705 bps in 2022 and soared 3529 bps in 2024, its largest moves.
- Year by year, Operating Margin stood at 0.0% in 2022, then plunged by 10145052 bps to 4.0% in 2023, then jumped by 882 bps to 31.29% in 2024, then surged by 39 bps to 43.43% in 2025, then rose by 28 bps to 55.72% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 55.72%, 43.43%, and 29.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 58.20% |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | 82.36% |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 60.86% |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 105.11% |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 74.85% |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 51.44% |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 79.47% |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 55.58% |
| 10 | Pan American Silver | - | - | 608,000.00 | 55.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 55.72% |
| Dec 31, 2025 | 43.43% |
| Sep 30, 2025 | 29.22% |
| Jun 30, 2025 | 30.04% |
| Mar 31, 2025 | 29.62% |
| Dec 31, 2024 | 31.29% |
| Sep 30, 2024 | 21.21% |
| Jun 30, 2024 | 13.03% |
| Mar 31, 2024 | 5.79% |
| Dec 31, 2023 | -4.00% |
| Sep 30, 2023 | 6.38% |
| Jun 30, 2023 | -845.74% |
| Mar 31, 2023 | 7.05% |
| Dec 31, 2022 | -0.07% |
| Sep 30, 2022 | -15.08% |
| Jun 30, 2022 | -9,280,467.43% |
| Mar 31, 2022 | 20.60% |
| Dec 31, 2021 | 12.48% |
| Sep 30, 2021 | 21.97% |
| Jun 30, 2021 | 24.54% |