# Pan American Silver Corp (PAAS)

Source page: https://stoqly.net/companies/paas

- **Ticker:** PAAS (NYSE)
- **Sector:** Materials / Gold And Silver Ores
- **SEC CIK:** 0000771992
- **Latest annual report:** 40-F filed 2026-02-18 (https://www.sec.gov/Archives/edgar/data/771992/000077199226000019/paas-20251231.htm)
- **Data updated:** 2026-11-01

## Key figures

- **Last close:** $37.98 on 2026-10-30
- **Market cap:** $14.5B
- **P/E (trailing):** 14.8x
- **EPS, trailing 12 months:** $2.56
- **Revenue (FY2025):** $3.6B
- **Revenue growth:** +28.4%
- **Revenue growth, 5-year CAGR:** +22.0%
- **Gross margin:** 38.8%
- **Operating margin:** 34.1%
- **Net margin:** 27.1%
- **Free cash flow:** $1.0B
- **Free cash flow margin:** 28.2%
- **Return on invested capital:** 15.0%
- **Return on equity:** 16.8%
- **Net debt:** −$501M
- **Net debt / EBITDA:** −0.3x
- **Change in share count:** +5.0%
- **Piotroski F-score:** 7/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/paas/figures.csv

| US$ millions | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 775 | 817 | 784 | 1,351 | 1,339 | 1,633 | 1,495 | 2,316 | 2,819 | 3,619 |
| Operating income | 184 | 188 | 43 | 127 | 210 | 321 | -262 | 38 | 531 | 1,233 |
| Net income | 102 | 123 | 12 | 111 | 176 | 99 | -340 | -105 | 113 | 980 |
| Diluted EPS (US$) | 0.66 | 0.79 | 0.07 | 0.55 | 0.85 | 0.46 | -1.62 | -0.32 | 0.31 | 2.56 |
| Operating cash flow | 215 | 225 | 155 | 282 | 462 | 392 | 32 | 450 | 724 | 1,333 |
| Free cash flow | 12 | 82 | 11 | 76 | 284 | 149 | -243 | 71 | 401 | 1,019 |
| Cash | 181 | 176 | 139 | 121 | 167 | 284 | 107 | 400 | 863 | 1,215 |
| Debt and leases | 36 | 0 | 0 | 275 | 0 | 15 | 194 | 704 | 709 | 714 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.