Americas Gold & Silver (USAS) Gross Margin (2016 - 2025)
Americas Gold & Silver (USAS) posted quarterly Gross Margin of 45.46% for Q4 2025, up 2898.0% year-over-year from 1.52% in Q4 2024, and up 32.99% quarter-over-quarter from 34.18% in Q3 2025.
Americas Gold & Silver (USAS) Gross Margin (2016 - 2025) Analysis & Trends
Americas Gold & Silver (USAS) has reported Gross Margin for 10 consecutive years, with 45.46% the latest figure, recorded in Q4 2025.
- In Q4 2025, Gross Margin rose 2898.0% year-over-year to 45.46%; the TTM figure through Dec 2025 stood at 28.04% (up 1063.0% YoY), while the FY2025 annual figure was 28.04%, up 1063.0% from the prior year.
- Gross Margin grew to 45.46% in Q4 2025 per USAS's latest filing, from 34.18% in the prior quarter.
- Across five years, Gross Margin topped out at 70.38% in Q4 2022 and bottomed at 261.65% in Q1 2021.
- Historically, Gross Margin has averaged 2.35% across 5 years, with a median of 14.08% in 2023.
- Annual changes were most pronounced in 2021 — Gross Margin tumbled 22628 bps — and 2022, when it surged 29879 bps.
- Americas Gold & Silver's Gross Margin stood at 47.71% in 2021, then surged by 48 bps to 70.38% in 2022, then fell by 12 bps to 61.9% in 2023, then tumbled by 73 bps to 16.48% in 2024, then soared by 176 bps to 45.46% in 2025.
- Business Quant data shows USAS's Gross Margin at 45.46% in Q4 2025, 34.18% in Q3 2025, and 12.8% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 246.38 Bn | 216.93 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 33.91 Bn | 28.71 Bn | 1.21 Bn | 46.32% |
| 4 | MP Materials | 10.71 Bn | 8.24 Bn | 36.20 Mn | 33.37% |
| 5 | Almonty Industries | 5.27 Bn | 4.38 Bn | 18.87 Mn | 60.72% |
| 6 | Materion | 4.79 Bn | 4.77 Bn | 104.34 Mn | 17.00% |
| 7 | USA Rare Earth | 4.43 Bn | 4.43 Bn | -1.58 Mn | -27.19% |
| 8 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | - |
| 9 | Evolution Metals & Technologies | 2.46 Bn | 2.46 Bn | -115,000.00 | -7.03% |
| 10 | Americas Gold & Silver | 1.44 Bn | 1.31 Bn | 16.76 Mn | 45.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 45.46% |
| Sep 30, 2025 | 34.18% |
| Jun 30, 2025 | 12.80% |
| Mar 31, 2025 | 10.23% |
| Dec 31, 2024 | 16.48% |
| Sep 30, 2024 | 9.23% |
| Jun 30, 2024 | 35.08% |
| Mar 31, 2024 | -0.89% |
| Dec 31, 2023 | 61.90% |
| Sep 30, 2023 | 1.41% |
| Jun 30, 2023 | 15.36% |
| Mar 31, 2023 | 19.50% |
| Dec 31, 2022 | 70.38% |
| Sep 30, 2022 | 4.78% |
| Jun 30, 2022 | 11.18% |
| Mar 31, 2022 | 37.13% |
| Dec 31, 2021 | 47.71% |
| Sep 30, 2021 | -47.08% |
| Jun 30, 2021 | -76.31% |
| Mar 31, 2021 | -261.65% |