Pan American Silver Corp
PAAS NYSE· Gold And Silver Ores
Last close · Oct 30, 2026
$37.98
KIRA · Stoqly’s AI analyst, in plain words
- Pan American Silver Corp had $3.6B of revenue in fiscal 2025, up 28.4% on the year before. Over five years, revenue changed +22.0% a year on average.
- Its operating margin was 34.1%, up 15.2 pts: of every 100 in sales, about 34 is left after running the business.
- Pan American Silver Corp made $980M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 16.3% a year.
- Free cash flow was $1.0B in fiscal 2025, 28.2% of revenue.
- Pan American Silver Corp returned $221M to shareholders in fiscal 2025, 22% of free cash flow. The diluted share count rose 5.0%.
- Pan American Silver Corp has $501M more cash than debt.
Market cap
$14.5B
P/E
14.8x
Revenue
$3.6B
Net income
$980M
Free cash flow
$1.0B
Operating margin
34.1%
Pan American Silver Corp in 30 seconds · fiscal 2025
Are sales growing?
+28.4%
Yes. Sales grew 28.4% last year.
Does it make a profit?
27.1%
Yes. It keeps 27.1% of every sale as profit.
Does profit turn into cash?
28.2%
Yes. 28.2% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
14.8x
One share costs 14.8 times its yearly profit per share.
What Pan American Silver Corp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 40-F · Feb 18, 2026
- Legal name
- PAN AMERICAN SILVER CORP
- CIK
- 0000771992
Pan American Silver Corp · PAAS · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.6B | $1.5B | $2.3B | $2.8B | $3.6B |
| Revenue growth | 22.0% | −8.5% | 55.0% | 21.7% | 28.4% |
| Gross margin | 22.5% | 3.2% | 12.8% | 19.5% | 38.8% |
| Operating margin | 19.7% | −17.5% | 1.6% | 18.8% | 34.1% |
| Net income | $98.6M | −$340M | −$105M | $113M | $980M |
| Net margin | 6.0% | −22.8% | −4.5% | 4.0% | 27.1% |
| Diluted EPS | $0.46 | −$1.62 | −$0.32 | $0.31 | $2.56 |
| Cash | |||||
| Cash from operations | $392M | $31.8M | $450M | $724M | $1.3B |
| Capital expenditure | $243M | $275M | $379M | $323M | $314M |
| Free cash flow | $149M | −$243M | $71.2M | $401M | $1.0B |
| FCF margin | 9.1% | −16.3% | 3.1% | 14.2% | 28.2% |
| Dividends paid | $71.5M | $94.7M | $130M | $145M | $175M |
| Share buybacks | — | — | $0.0M | $24.0M | $46.0M |
| Share count change | 0.1% | 0.0% | 55.1% | 11.3% | 5.0% |
| Debt and strength | |||||
| Cash and short-term investments | $284M | $107M | $400M | $863M | $1.2B |
| Debt incl. finance leases | $15.3M | $194M | $704M | $709M | $714M |
| Shareholders' equity | $2.6B | $2.2B | $4.8B | $4.7B | $7.0B |
| Net debt / EBITDA | −0.4x | 1.6x | 0.6x | −0.1x | −0.3x |
| Current ratio | 2.6x | 2.1x | 2.2x | 2.5x | 2.7x |
| Interest coverage | 87.7x | −49.5x | 0.7x | 11.1x | 22.4x |
| Returns and quality | |||||
| Return on capital | 8.8% | −9.1% | 0.6% | 7.6% | 15.0% |
| Return on equity | 3.8% | −14.1% | −3.0% | 2.4% | 16.8% |
| Return on tangible equity | 3.8% | −15.5% | −2.2% | 2.4% | 14.0% |
| Piotroski F-score | 5 | 2 | 5 | 7 | 7 |
| Altman Z'' | 4.3 | 1.5 | 2.2 | 2.8 | 4.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Pan American Silver Corp · PAAS · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $37.98 a share, the company is worth $14.5B: 14.8 times its earnings of the last four quarters.
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0000771992). Latest version: stoqly.net/companies/paas. Data updated November 1, 2026. For information only — not investment advice. Check the original filings before relying on any figure.