Americas Gold & Silver (USAS) Operating Margin (2016 - 2025)

Americas Gold & Silver (USAS) has 10 years of Operating Margin data on file, last reported at 109.42% in Q4 2025.

• Operating Margin for Q4 2025 came in at 109.42%, down 3030.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 1.35% (down 393.0% YoY), and the FY2025 annual result was 1.35%, up 18.0% from the prior year.
• Operating Margin slipped to 109.42% in Q4 2025 per USAS's latest filing, from 59.16% in the prior quarter.
• Over five years, Operating Margin peaked at 59.16% in Q3 2025 and troughed at 226.89% in Q1 2021.
• A 5-year average of 13.54% and a median of 18.8% in 2023 frame the typical range for Operating Margin.
• The sharpest annual moves came in 2021 and 2022: Operating Margin plunged 23736 bps in 2021, then surged 27815 bps in 2022.
• A 5-year view of Operating Margin shows it stood at 172.86% in 2021, then jumped by 120 bps to 34.77% in 2022, then plunged by 239 bps to 48.18% in 2023, then sank by 64 bps to 79.12% in 2024, then tumbled by 38 bps to 109.42% in 2025.
• Business Quant data shows USAS's Operating Margin at 109.42% in Q4 2025, 59.16% in Q3 2025, and 38.83% in Q2 2025.