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
DateValue
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%