PAAS
Pan American Silver Corp.
NYSE: PAAS · BASIC MATERIALS · GOLD
$51.28
-2.12% today
Updated 2026-04-29
Market cap
$21.64B
P/E ratio
20.03
P/S ratio
5.98x
EPS (TTM)
$2.56
Dividend yield
0.88%
52W range
$22 – $70
Volume
6.8M
Pan American Silver Corp. (PAAS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $255.45M | $301.06M | $338.60M | $454.81M | $646.55M | $855.27M | $928.59M | $824.50M | $751.94M | $674.69M | $774.77M | $816.83M | $784.50M | $1.35B | $1.34B | $1.63B | $1.49B | $2.32B | $2.82B | $3.68B |
| Revenue growth (YoY) | — | +17.9% | +12.5% | +34.3% | +42.2% | +32.3% | +8.6% | -11.2% | -8.8% | -10.3% | +14.8% | +5.4% | -4.0% | +72.2% | -0.9% | +22.0% | -8.5% | +55.0% | +21.7% | +30.6% |
| Cost of revenue | $132.65M | $171.16M | $250.88M | $338.74M | $405.44M | $446.15M | $624.65M | $692.99M | $743.87M | $706.78M | $575.90M | $648.07M | $683.60M | $1.15B | $1.08B | $1.26B | $1.45B | $2.02B | $2.27B | $2.30B |
| Gross profit | $122.80M | $129.91M | $87.72M | $126.01M | $241.12M | $409.13M | $303.94M | $131.52M | $8.07M | $-32.09M | $198.88M | $168.76M | $100.90M | $205.63M | $258.07M | $367.94M | $48.40M | $296.80M | $548.50M | $1.39B |
| Gross margin | 48.1% | 43.1% | 25.9% | 27.7% | 37.3% | 47.8% | 32.7% | 16.0% | 1.1% | -4.8% | 25.7% | 20.7% | 12.9% | 15.2% | 19.3% | 22.5% | 3.2% | 12.8% | 19.5% | 37.7% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $9.17M | $12.38M | $13.12M | $15.77M | $20.04M | $18.29M | $20.79M | $17.60M | $17.91M | $18.03M | $23.66M | $21.40M | $22.65M | $31.75M | $36.38M | $34.85M | $29.00M | $61.40M | $69.80M | $116.00M |
| Operating income | $96.11M | $88.53M | $59.49M | $95.93M | $201.35M | $372.58M | $151.26M | $-438.61M | $-632.77M | $-230.04M | $184.47M | $188.33M | $42.69M | $127.10M | $209.98M | $320.91M | $-262.30M | $38.10M | $530.70M | $1.19B |
| Operating margin | 37.6% | 29.4% | 17.6% | 21.1% | 31.1% | 43.6% | 16.3% | -53.2% | -84.2% | -34.1% | 23.8% | 23.1% | 5.4% | 9.4% | 15.7% | 19.7% | -17.5% | 1.6% | 18.8% | 32.3% |
| EBITDA | $113.63M | $117.52M | $97.10M | $177.22M | $194.74M | $560.22M | $279.87M | $-286.51M | $-484.54M | $-81.27M | $294.34M | $239.02M | $204.22M | $452.84M | $533.67M | $551.61M | $20.30M | $476.80M | $1.05B | $1.72B |
| EBITDA margin | 44.5% | 39.0% | 28.7% | 39.0% | 30.1% | 65.5% | 30.1% | -34.7% | -64.4% | -12.0% | 38.0% | 29.3% | 26.0% | 33.5% | 39.9% | 33.8% | 1.4% | 20.6% | 37.3% | 46.7% |
| EBIT | $96.11M | $88.53M | $50.75M | $94.05M | $111.65M | $477.46M | $175.46M | $-422.43M | $-632.25M | $-232.12M | $178.39M | $116.13M | $56.93M | $199.39M | $261.23M | $248.65M | $-295.70M | $-7.40M | $479.30M | $1.19B |
| Interest expense | $558454.00 | $717803.00 | $951000.00 | $4.29M | $5.73M | $6.20M | $4.70M | $7.03M | $5.25M | $4.80M | $5.13M | $2.48M | $2.18M | $19.83M | $12.47M | $8.65M | $7.32M | $58.25M | $50.84M | $59.02M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $58.21M | $88.86M | $24.60M | $62.00M | $112.57M | $352.49M | $87.36M | $-445.85M | $-545.59M | $-226.65M | $100.08M | $120.99M | $10.29M | $110.74M | $177.88M | $97.43M | $-340.06M | $-103.70M | $111.50M | $995.12M |
| Net income growth (YoY) | — | +52.7% | -72.3% | +152.0% | +81.6% | +213.1% | -75.2% | -610.4% | -22.4% | +58.5% | +144.2% | +20.9% | -91.5% | +975.8% | +60.6% | -45.2% | -449.0% | +69.5% | +207.5% | +792.5% |
| Profit margin | 22.8% | 29.5% | 7.3% | 13.6% | 17.4% | 41.2% | 9.4% | -54.1% | -72.6% | -33.6% | 12.9% | 14.8% | 1.3% | 8.2% | 13.3% | 6.0% | -22.8% | -4.5% | 4.0% | 27.0% |