Pan American Silver Financial Statements
NYSE: PAASBasic MaterialsPrecious MetalsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Pan American Silver revenue and earnings
In fiscal 2025, Pan American Silver generated $3.62 billion in revenue, up 28.4% from fiscal 2024, its 3rd consecutive year of revenue growth. Net income was $980.0 million (+767.3% year over year), for a net margin of 27.1% versus a median of 4.0% in the prior 5 years. Gross margin was 38.8% (up from 19.5%) and operating margin 34.1%.
Diluted earnings per share came in at $2.56, up from $0.31. Over the last 5 fiscal years, PAAS's revenue has grown at a 22.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Pan American Silver income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.62B | 2.82B | 2.32B | 1.49B | 1.63B | 1.34B | 1.35B | 784.50M | 816.83M | 774.77M |
| Revenue growth (YoY) | +28.38% | +21.71% | +54.95% | -8.46% | +21.96% | -0.88% | +72.18% | -3.96% | +5.43% | — |
| Cost of Revenue | 2.21B | 2.27B | 2.02B | 1.45B | 1.26B | 978.63M | 1.12B | 683.60M | 648.07M | 575.90M |
| Gross Profit | 1.41B | 549.00M | 296.80M | 48.40M | 367.94M | 360.18M | 229.29M | 100.90M | 168.76M | 198.88M |
| Operating Expenses | 172.00M | 18.00M | 258.70M | 310.70M | 47.03M | 150.20M | 102.18M | 58.21M | -19.57M | 14.41M |
| Operating Income | 1.23B | 531.00M | 38.10M | -262.30M | 320.91M | 209.98M | 127.10M | 42.69M | 188.33M | 184.47M |
| Interest Expense | 3.00M | 6.00M | 5.80M | 2.40M | 5.07M | 2.63M | 2.50M | 2.29M | 2.39M | 3.07M |
| Pretax Income | 1.24B | 432.00M | -58.80M | -301.00M | 244.99M | 252.01M | 182.51M | 33.19M | 182.49M | 176.27M |
| Income Tax | 258.00M | 319.00M | 46.10M | 39.10M | 146.43M | 75.56M | 71.27M | 21.15M | 59.03M | 74.45M |
| Net Income | 980.00M | 113.00M | -104.90M | -340.10M | 98.56M | 176.46M | 111.24M | 12.04M | 123.45M | 101.83M |
| Net Income growth (YoY) | +767.26% | — | — | -445.06% | -44.14% | +58.62% | +823.88% | -90.25% | +21.24% | — |
| EPS (Basic) | 2.56 | 0.31 | -0.32 | -1.62 | 0.46 | 0.85 | 0.55 | 0.07 | 0.79 | 0.66 |
| EPS (Diluted) | 2.56 | 0.31 | -0.32 | -1.62 | 0.46 | 0.85 | 0.55 | 0.07 | 0.79 | 0.66 |
| Shares Outstanding (Basic) | 381.48M | 363.36M | 326.54M | 210.52M | 210.30M | 210.09M | 201.40M | 153.31M | 153.07M | 152.12M |
| Shares Outstanding (Diluted) | 381.58M | 363.40M | 326.54M | 210.52M | 210.44M | 210.29M | 201.57M | 153.52M | 153.35M | 152.50M |
| EBITDA | 1.73B | 1.10B | 522.30M | 53.70M | 623.87M | 482.42M | 380.56M | 189.98M | 311.22M | 300.43M |
| Gross Margin | 38.82% | 19.47% | 12.81% | 3.24% | 22.53% | 26.90% | 16.97% | 12.86% | 20.66% | 25.67% |
| Operating Margin | 34.07% | 18.84% | 1.65% | -17.55% | 19.65% | 15.68% | 9.41% | 5.44% | 23.06% | 23.81% |
| Net Margin | 27.08% | 4.01% | -4.53% | -22.75% | 6.04% | 13.18% | 8.24% | 1.53% | 15.11% | 13.14% |
This table shows 10 annual periods of Pan American Silver's income statement, from FY 2025 back to FY 2016, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PAAS's reporting calendar. What is a income statement?