Americas Gold & Silver (USAS) Gross Margin (2016 - 2026)
Americas Gold & Silver (USAS) recorded Gross Margin of 47.97% in the quarter ended Jun 30, 2026, up 35.17 percentage points from 12.80% a year earlier but down 16.14 percentage points from the prior quarter.
Americas Gold & Silver (USAS) Gross Margin (2016 - 2026) Analysis & Trends
On a TTM basis, Americas Gold & Silver's Gross Margin came in at 51.16% as of Jun 30, 2026, up 38.91 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 28.04%, up 10.63 percentage points from the prior year.
- Annual Gross Margin has increased for four straight years, with a five-year change of +40.08 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Gross Margin came in at 17.42% in the year ended Dec 31, 2024 (+2.18 pp), 15.24% in the year ended Dec 31, 2023 (+0.04 pp), 15.20% in the year ended Dec 31, 2022 (+103.42 pp) and -88.22% in the year ended Dec 31, 2021 (-76.18 pp).
- Quarterly Gross Margin has ranged from -47.08% in the quarter ended Sep 30, 2021 to 64.11% in the quarter ended Mar 31, 2026 over the past five years.
- On a year-over-year basis, Gross Margin has increased for four consecutive quarters, with an average year-over-year change of +16.98 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 298.79 percentage points in the quarter ended Mar 31, 2022, against a drop of 49.30 percentage points in the quarter ended Sep 30, 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 64.11% (quarter ended Mar 31, 2026), 45.46% (quarter ended Dec 31, 2025) and 34.18% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 67.60% |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 65.87% |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 21.68% |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 31.10% |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 54.74% |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 19.56% |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | - |
| 10 | Americas Gold & Silver | 1.41 Bn | 1.03 Bn | 22.23 Mn | 47.97% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.97% |
| Mar 31, 2026 | 64.11% |
| 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 | 20.32% |
| Sep 30, 2023 | 1.41% |
| Jun 30, 2023 | 15.36% |
| Mar 31, 2023 | 19.50% |
| Dec 31, 2022 | 6.04% |
| Sep 30, 2022 | -1.91% |
| Jun 30, 2022 | 11.18% |
| Mar 31, 2022 | 37.13% |
| Dec 31, 2021 | -0.52% |
| Sep 30, 2021 | -47.08% |
Americas Gold & Silver Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=USAS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "USAS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=USAS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();