PAASNYSEGold and Silver OresFiscal year ends December 31Also trades as PAASF

PAN AMERICAN SILVER CORP

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 18, 2026

$44.43+0.22 (+0.50%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): 17.4
Dividend yield: –

PAN AMERICAN SILVER CORP income statement

AnnualQuarterlyTTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31
Revenue	3,619	2,819	2,316	1,495	1,633	1,339	1,351	784	817	775
Cost of Revenue	2,214	2,270	2,019	1,446	1,265	979	1,121	684	648	576
Gross Profit	1,405	549	297	48	368	360	229	101	169	199
Operating Income	1,233	531	38	-262	321	210	127	43	188	184
Interest Expense	3.00	6.00	5.80	2.40	5.07	2.63	2.50	2.29	2.39	3.07
Income from Equity Investments	–	–	-0.40	45	4.35	11	15	14	2.05	7.95
Asset Impairment Charges	0	0	79	99	0	0	40	28	–	–
Pretax Income	1,238	432	-59	-301	245	252	183	33	182	176
Income Tax Expense	258	319	46	39	146	76	71	21	59	74
Net Income incl. Noncontrolling Interests	980	113	-105	-340	99	176	111	12	123	102
Minority Interest in Earnings	2.00	1.00	-1.20	1.60	1.13	-1.43	0.51	1.75	2.46	1.74
Net Income to Common	978	112	-104	-342	97	178	111	10	121	100
EPS (Basic)(per share)	2.56	0.31	-0.32	-1.62	0.46	0.85	0.55	0.07	0.79	0.66
EPS (Diluted)(per share)	2.56	0.31	-0.32	-1.62	0.46	0.85	0.55	0.07	0.79	0.66
Shares Outstanding (Basic, Weighted)(shares)	381	363	327	211	210	210	201	153	153	152
Shares Outstanding (Diluted, Weighted)(shares)	382	363	327	211	210	210	202	154	153	153
EBITDA	1,730	1,102	522	54	624	482	381	190	311	300

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 38.8%
Operating margin: 34.1%
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 2.69
Debt to equity: 0.10
Debt to assets: 7.3%
Cash to current liabilities: 148.7%

Valuation

P/E ratio: 17.4
Price to sales: –
Price to book: –
Dividend yield: –