NYSE · PAAS
Pan American Silver financials
$46.14+0.81%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.62B | $2.82B | $2.32B | $1.49B | $1.63B | $1.34B | $1.35B | $784.5M | $816.8M | $774.8M |
| Gross profit | $2.02B | $1.19B | $836.9M | $48.4M | $367.9M | $360.2M | $229.3M | $268.9M | $316.2M | $346.4M |
| Gross margin | 55.7% | 42.0% | 36.1% | 3.2% | 22.5% | 26.9% | 17.0% | 34.3% | 38.7% | 44.7% |
| Operating income | $1.16B | $381.0M | $13.0M | -$302.6M | $290.3M | $193.5M | $109.7M | $25.4M | $183.7M | $165.4M |
| Net income | $978.0M | $112.0M | -$103.7M | -$341.7M | $97.4M | $177.9M | $110.7M | $10.3M | $121.0M | $100.1M |
| Net margin | 27.0% | 4.0% | −4.5% | −22.9% | 6.0% | 13.3% | 8.2% | 1.3% | 14.8% | 12.9% |
| Diluted EPS | $2.56 | $0.31 | $-0.32 | $-1.62 | $0.46 | $0.85 | $0.55 | $0.07 | $0.79 | $0.66 |
| EBITDA | $1.66B | $952.0M | $601.1M | $112.5M | $593.2M | $465.9M | $403.2M | $210.7M | $245.0M | $281.4M |
| Operating cash flow | $1.33B | $724.0M | $450.2M | $31.8M | $392.1M | $462.3M | $282.0M | $155.0M | $224.6M | $214.8M |
| Free cash flow | $1.02B | $401.0M | $71.2M | -$242.9M | $148.6M | $283.8M | $76.2M | $3.1M | $62.1M | $12.1M |
| Diluted shares | 381.6M | 363.4M | 326.5M | 210.5M | 210.4M | 210.3M | 201.6M | 153.5M | 153.4M | 152.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.22B | $863.0M | $399.6M | $107.0M | $283.6M | $167.1M |
| Short-term investments | $104.0M | $24.0M | $41.3M | $35.3M | $51.7M | $111.9M |
| Total debt | $714.0M | $709.0M | $703.7M | $193.7M | $15.3M | $0.00 |
| Total assets | $9.74B | $7.20B | $7.21B | $3.25B | $3.52B | $3.43B |
| Total liabilities | $2.74B | $2.49B | $2.44B | $1.05B | $882.6M | $828.0M |
| Shareholders' equity | $7.00B | $4.72B | $4.77B | $2.20B | $2.64B | $2.61B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology