Pan American Silver (PAAS) Financials

$56.58 +6.06 (+12.00%)

Closing price 05/6/2026 03:59 PM Eastern

Extended Trading

$57.94 +1.36 (+2.39%)

As of 04:29 AM Eastern

Annual Income Statements for Pan American Silver

This table shows Pan American Silver's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	72	60	24	196	200	150	-63	-117	92	1,006
Consolidated Net Income / (Loss)	102	123	12	195	176	99	-340	-105	113	980
Net Income / (Loss) Continuing Operations	72	60	22	195	200	150	-60	-117	93	1,007
Total Pre-Tax Income	147	119	33	183	275	297	-21	-117	412	1,238
Total Operating Income	145	117	44	193	275	297	-19	-117	412	1,233
Total Gross Profit	199	169	101	290	360	368	48	297	549	1,405
Total Revenue	775	817	795	1,461	1,339	1,633	1,495	0.00	2,819	3,619
Operating Revenue	775	817	795	1,461	1,339	1,633	1,495	-	2,819	3,619
Total Cost of Revenue	576	648	536	1,172	979	1,265	1,446	0.00	2,270	2,214
Operating Cost of Revenue	576	648	536	1,172	979	1,265	1,446	-	2,270	2,214
Total Operating Expenses	54	51	215	97	85	71	67	117	137	140
Selling, General & Admin Expense	24	21	23	32	36	35	29	61	70	116
Exploration Expense	-	-	-	12	-	-	-	-	-	16
Other Operating Expenses / (Income)	30	30	3.66	9.95	49	36	38	56	67	8.00
Total Other Income / (Expense), net	1.35	1.28	-0.22	74	0.00	0.00	-2.40	0.00	0.00	0.00
Income Tax Expense	74	59	21	71	76	146	39	-	319	258
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-	-	-	3.00	-	1.00	1.00
Basic Earnings per Share	-	-	$0.07	$0.55	-	-	-	-	-	$2.56
Weighted Average Basic Shares Outstanding	152.12M	153.07M	153.32M	201.40M	210.09M	210.30M	210.52M	364.66M	363.36M	381.48M
Diluted Earnings per Share	-	-	$0.07	$0.55	-	-	-	-	-	$2.56
Weighted Average Diluted Shares Outstanding	152.12M	153.07M	153.52M	201.57M	210.09M	210.30M	210.52M	364.66M	363.36M	381.58M
Weighted Average Basic & Diluted Shares Outstanding	304.62M	306.42M	153.45M	201.40M	420.38M	420.73M	421.04M	364.66M	726.76M	421.85M

No quarterly income statements for Pan American Silver are available.

This table details how cash moves in and out of Pan American Silver's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	259	188	-37	500	47	116	-177	293	463	352
Net Cash From Operating Activities	210	198	119	635	417	392	32	450	724	1,333
Net Cash From Continuing Operating Activities	210	198	119	635	417	392	20	250	821	1,327
Net Income / (Loss) Continuing Operations	102	123	12	111	176	99	-340	-105	113	980
Consolidated Net Income / (Loss)	102	123	12	111	176	99	-340	-105	113	980
Depreciation Expense	116	123	147	253	272	303	316	484	571	497
Non-Cash Adjustments To Reconcile Net Income	-38	-45	-7.57	291	-108	-22	188	2.00	5.00	-81
Changes in Operating Assets and Liabilities, net	30	-3.84	-33	-21	76	12	-144	-131	132	-69
Net Cash From Investing Activities	73	-13	-154	50	-66	-187	-255	398	-33	-706
Net Cash From Continuing Investing Activities	73	-13	-154	50	-66	-196	-265	578	-11	-767
Purchase of Property, Plant & Equipment	-	-	-144	-	-179	-243	-275	-379	-323	-314
Acquisitions	-	-	-	-	-	-	-	260	0.00	-512
Sale of Property, Plant & Equipment	16	1.67	16	10	22	46	8.70	3.80	3.00	5.00
Divestitures	-	-	-	-	-	-	-	549	307	41
Sale and/or Maturity of Investments	57	-14	-26	40	90	1.86	0.70	145	2.00	13
Net Cash From Financing Activities	-25	3.00	-3.00	-185	-316	-86	53	-552	-225	-278
Net Cash From Continuing Financing Activities	-25	3.00	-3.00	-185	-316	-85	58	-552	-225	-278
Repayment of Debt	-	-	-3.00	-185	-355	-14	-	-748	-57	-59
Repurchase of Common Equity	-	-	-	-	-	-	-	0.00	-24	-46
Payment of Dividends	-	-	-	-	-46	-72	-95	-130	-145	-176
Issuance of Common Equity	-	-	-	-	4.74	0.62	0.90	0.00	1.00	3.00

No quarterly cash flow statements for Pan American Silver are available.

This table presents Pan American Silver's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,898	1,993	1,937	3,462	3,434	3,519	3,249	7,213	7,203	9,742
Total Current Assets	613	595	548	789	857	1,001	804	1,390	1,720	2,196
Cash & Equivalents	181	176	139	121	167	284	107	400	863	1,215
Short-Term Investments	0.00	1.09	74	118	112	52	35	41	24	104
Accounts Receivable	130	110	96	169	128	128	137	138	165	232
Inventories, net	237	219	214	347	406	500	472	712	606	588
Current Deferred & Refundable Income Taxes	17	17	13	17	22	20	40	63	30	24
Other Current Assets	37	52	0.64	1.27	7.81	4.00	14	37	32	33
Plant, Property, & Equipment, net	1,223	1,337	1,301	2,505	2,415	2,345	2,226	5,675	5,325	5,338
Plant, Property & Equipment, gross	1,223	1,337	-	-	-	-	2,226	5,675	5,325	5,338
Total Noncurrent Assets	63	61	88	168	162	173	218	148	158	2,208
Long-Term Investments	50	55	-	84	72	77	121	-	0.00	1,921
Noncurrent Deferred & Refundable Income Taxes	9.39	2.76	12	54	62	65	64	95	56	116
Other Noncurrent Operating Assets	0.38	0.35	71	24	24	26	32	53	102	171
Total Liabilities & Shareholders' Equity	1,898	1,993	1,937	3,462	3,434	3,519	3,249	7,213	7,203	9,742
Total Liabilities	499	472	424	994	815	870	1,047	2,441	2,486	2,741
Total Current Liabilities	184	185	151	272	362	388	381	624	687	817
Accounts Payable	144	140	132	225	282	306	308	498	489	549
Current Deferred & Payable Income Tax Liabilities	26	26	8.31	25	55	59	26	32	102	164
Other Current Liabilities	15	16	10	22	25	19	33	87	89	99
Total Noncurrent Liabilities	315	273	274	722	453	482	680	1,823	1,806	1,929
Long-Term Debt	36	0.00	0.00	275	0.00	12	235	797	803	820
Capital Lease Obligations	3.54	1.83	1.32	27	21	20	20	52	54	85
Noncurrent Deferred & Payable Income Tax Liabilities	171	171	149	177	175	185	140	542	522	435
Other Noncurrent Operating Liabilities	93	88	110	231	257	266	285	432	427	589
Total Equity & Noncontrolling Interests	1,399	1,521	1,513	2,468	2,606	2,636	2,202	4,773	4,717	7,001
Total Preferred & Common Equity	1,396	1,517	1,508	2,463	2,603	2,632	2,196	4,761	4,704	6,997
Total Common Equity	1,396	1,515	1,486	2,369	2,509	2,538	2,199	4,791	4,735	7,029
Common Stock	2,304	2,318	2,321	-	3,132	3,136	3,140	5,967	5,940	7,448
Retained Earnings	-931	-825	-836	-755	-623	-598	-1,035	-1,270	-1,299	-513
Other Equity Adjustments	23	22	0.21	3,124	-	0.00	93	94	94	94
Noncontrolling Interest	2.71	4.20	5.14	4.75	3.32	4.45	6.10	12	13	4.00

No quarterly balance sheets for Pan American Silver are available.

This table displays calculated financial ratios and metrics derived from Pan American Silver's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	5.43%	-2.70%	83.88%	-8.39%	21.96%	-8.46%	-100.00%	0.00%	28.38%
EBITDA Growth	0.00%	-7.99%	-17.08%	133.22%	17.88%	9.51%	-50.41%	23.37%	175.99%	75.99%
EBIT Growth	0.00%	-19.15%	-55.77%	306.72%	30.34%	7.84%	-106.27%	-530.65%	475.87%	199.27%
NOPAT Growth	0.00%	-17.43%	-73.10%	640.22%	70.08%	-24.69%	-108.66%	-530.65%	247.22%	949.51%
Net Income Growth	0.00%	21.24%	-90.25%	1,521.63%	-9.63%	-44.14%	-445.06%	69.16%	207.44%	767.26%
EPS Growth	0.00%	0.00%	0.00%	685.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	0.00%	-5.95%	-39.78%	433.68%	-34.38%	-5.91%	-91.89%	1,315.72%	60.84%	84.12%
Free Cash Flow Firm Growth	0.00%	0.00%	141.90%	-7,514.79%	134.79%	-52.87%	-61.00%	-4,772.18%	120.04%	69.94%
Invested Capital Growth	0.00%	7.62%	0.15%	87.93%	-6.46%	-0.79%	-3.47%	136.31%	-9.54%	-0.45%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.67%	20.66%	12.69%	19.82%	26.90%	22.53%	3.24%	0.00%	19.46%	38.82%
EBITDA Margin	33.70%	29.41%	25.06%	31.79%	40.90%	36.73%	19.90%	0.00%	35.92%	47.80%
Operating Margin	18.73%	14.37%	5.50%	13.17%	20.55%	18.17%	-1.24%	0.00%	15.64%	34.07%
EBIT Margin	18.73%	14.37%	6.53%	14.44%	20.55%	18.17%	-1.24%	0.00%	15.64%	34.07%
Profit (Net Income) Margin	13.14%	15.11%	1.52%	13.36%	13.18%	6.04%	-22.75%	0.00%	4.00%	27.08%
Tax Burden Percent	69.51%	104.07%	36.28%	106.99%	64.13%	33.21%	1,619.52%	89.43%	25.64%	79.16%
Interest Burden Percent	100.93%	101.09%	63.94%	86.45%	100.00%	100.00%	112.90%	100.00%	99.68%	100.41%
Effective Tax Rate	50.82%	49.77%	63.72%	39.05%	27.46%	49.34%	0.00%	0.00%	72.58%	20.84%
Return on Invested Capital (ROIC)	5.91%	4.70%	1.22%	6.26%	8.43%	6.59%	-0.58%	0.00%	2.45%	20.87%
ROIC Less NNEP Spread (ROIC-NNEP)	-10.04%	-26.63%	2.98%	-60.94%	22.16%	21.78%	174.20%	0.00%	-1.88%	20.54%
Return on Net Nonoperating Assets (RNNOA)	1.37%	3.76%	-0.42%	3.55%	-1.47%	-2.83%	-13.48%	0.00%	-0.07%	-4.14%
Return on Equity (ROE)	7.28%	8.46%	0.79%	9.81%	6.96%	3.76%	-14.06%	-3.01%	2.38%	16.73%
Cash Return on Invested Capital (CROIC)	0.00%	-2.64%	1.07%	-54.82%	15.10%	7.39%	2.94%	-83.29%	12.47%	21.32%
Operating Return on Assets (OROA)	7.65%	6.03%	2.64%	7.82%	7.98%	8.54%	-0.55%	0.00%	6.12%	14.55%
Return on Assets (ROA)	5.36%	6.34%	0.61%	7.23%	5.12%	2.84%	-10.05%	0.00%	1.56%	11.57%
Return on Common Equity (ROCE)	7.26%	8.43%	0.78%	9.50%	6.69%	3.62%	-13.77%	-3.01%	2.38%	16.79%
Return on Equity Simple (ROE_SIMPLE)	7.29%	8.14%	0.80%	7.93%	6.78%	3.75%	-15.49%	-2.20%	2.40%	0.00%
Net Operating Profit after Tax (NOPAT)	71	59	16	117	200	150	-13	-82	121	976
NOPAT Margin	9.21%	7.22%	1.99%	8.03%	14.91%	9.21%	-0.87%	0.00%	4.29%	26.97%
Net Nonoperating Expense Percent (NNEP)	15.95%	31.33%	-1.77%	67.20%	-13.73%	-15.19%	-174.78%	11.43%	4.33%	0.33%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-1.46%	2.17%	12.35%
Cost of Revenue to Revenue	74.33%	79.34%	67.48%	80.18%	73.10%	77.47%	96.76%	0.00%	80.54%	61.18%
SG&A Expenses to Revenue	3.05%	2.62%	2.85%	2.17%	2.72%	2.13%	1.94%	0.00%	2.48%	3.21%
R&D to Revenue	0.00%	0.00%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.93%	6.29%	27.02%	6.64%	6.35%	4.36%	4.48%	0.00%	3.82%	3.87%
Earnings before Interest and Taxes (EBIT)	145	117	52	211	275	297	-19	-117	441	1,233
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	261	240	199	465	548	600	297	367	1,013	1,730
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.39	1.43	2.72	1.97	1.51	0.70	1.56	2.68
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.40	1.44	2.72	1.97	1.51	0.70	1.56	2.68
Price to Revenue (P/Rev)	0.00	0.00	2.61	2.32	5.09	3.06	2.23	0.00	2.62	5.20
Price to Earnings (P/E)	0.00	0.00	85.97	17.34	34.14	33.26	0.00	0.00	61.50	18.70
Dividend Yield	0.36%	0.70%	1.04%	0.63%	0.68%	1.43%	2.78%	2.50%	1.98%	0.89%
Earnings Yield	0.00%	0.00%	1.16%	5.77%	2.93%	3.01%	0.00%	0.00%	1.63%	5.35%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.45	1.42	2.88	2.08	1.52	0.73	1.57	3.53
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.37	2.38	4.92	2.89	2.22	0.00	2.61	4.55
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	9.47	7.47	12.02	7.87	11.17	10.31	7.26	9.52
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	36.35	16.45	23.92	15.90	0.00	0.00	16.68	13.36
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	119.01	29.59	32.98	31.38	0.00	0.00	60.85	16.88
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	15.86	5.47	15.79	12.03	104.49	8.41	10.16	12.36
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	136.14	0.00	18.41	27.99	50.56	0.00	11.96	16.53
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.00	0.00	0.12	0.01	0.01	0.12	0.18	0.18	0.13
Long-Term Debt to Equity	0.03	0.00	0.00	0.12	0.01	0.01	0.12	0.18	0.18	0.13
Financial Leverage	-0.14	-0.14	-0.14	-0.06	-0.07	-0.13	-0.08	0.06	0.04	-0.20
Leverage Ratio	1.36	1.33	1.30	1.36	1.36	1.33	1.40	1.50	1.52	1.45
Compound Leverage Factor	1.37	1.35	0.83	1.17	1.36	1.33	1.58	1.50	1.51	1.45
Debt to Total Capital	2.76%	0.32%	0.09%	10.90%	0.79%	1.19%	10.35%	15.10%	15.38%	11.45%
Short-Term Debt to Total Capital	0.00%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	2.76%	0.12%	0.09%	10.90%	0.79%	1.19%	10.35%	15.10%	15.38%	11.45%
Preferred Equity to Total Capital	0.00%	0.00%	1.49%	3.40%	3.56%	3.50%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.19%	0.28%	0.34%	0.17%	0.13%	0.17%	0.25%	0.21%	0.24%	0.05%
Common Equity to Total Capital	97.02%	99.30%	98.08%	85.52%	95.53%	95.14%	89.52%	85.22%	84.94%	88.91%
Debt to EBITDA	0.15	0.02	0.01	0.65	0.04	0.05	0.85	2.31	0.85	0.52
Net Debt to EBITDA	-0.73	-0.95	-1.06	-0.04	-0.60	-0.64	-0.03	1.11	-0.03	-1.35
Long-Term Debt to EBITDA	0.15	0.01	0.01	0.65	0.04	0.05	0.85	2.31	0.85	0.52
Debt to NOPAT	0.56	0.08	0.08	2.57	0.10	0.21	-19.52	-10.34	7.09	0.93
Net Debt to NOPAT	-2.67	-3.85	-13.32	-0.18	-1.65	-2.53	0.71	-4.97	-0.25	-2.39
Long-Term Debt to NOPAT	0.56	0.03	0.08	2.57	0.10	0.21	-19.52	-10.34	7.09	0.93
Altman Z-Score	0.00	0.00	3.07	2.55	5.59	4.16	2.06	0.65	2.29	5.00
Noncontrolling Interest Sharing Ratio	0.22%	0.31%	1.10%	3.18%	3.86%	3.71%	2.09%	-0.22%	-0.38%	-0.39%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.33	3.22	3.64	2.90	2.37	2.58	2.11	2.23	2.50	2.69
Quick Ratio	1.69	1.55	2.05	1.50	1.12	1.20	0.73	0.93	1.53	1.90
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-33	14	-1,028	358	169	66	-3,071	615	997
Operating Cash Flow to CapEx	0.00%	0.00%	92.56%	0.00%	267.01%	198.35%	11.95%	119.99%	226.64%	431.39%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	1.70	-35.10	0.00	0.00	27.38	0.00	439.42	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	14.62	21.69	0.00	0.00	13.25	0.00	517.21	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-1.17	22.04	0.00	0.00	-97.58	0.00	289.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.41	0.42	0.40	0.54	0.39	0.47	0.44	0.00	0.39	0.43
Accounts Receivable Turnover	5.95	6.81	7.72	11.04	9.03	12.76	11.29	0.00	18.59	18.23
Inventory Turnover	2.43	2.84	2.48	4.18	2.60	2.79	2.98	0.00	3.45	3.71
Fixed Asset Turnover	0.63	0.64	0.60	0.77	0.54	0.69	0.65	0.00	0.51	0.68
Accounts Payable Turnover	4.01	4.58	3.95	6.56	3.86	4.30	4.71	0.00	4.60	4.27
Days Sales Outstanding (DSO)	61.30	53.59	47.26	33.07	40.42	28.60	32.33	0.00	19.63	20.02
Days Inventory Outstanding (DIO)	150.42	128.42	147.41	87.36	140.37	130.82	122.66	0.00	105.89	98.42
Days Payable Outstanding (DPO)	90.95	79.75	92.37	55.61	94.60	84.85	77.49	0.00	79.37	85.56
Cash Conversion Cycle (CCC)	120.77	102.27	102.30	64.83	86.19	74.58	77.50	0.00	46.15	32.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,208	1,300	1,302	2,447	2,289	2,271	2,192	5,181	4,686	4,666
Invested Capital Turnover	0.64	0.65	0.61	0.78	0.57	0.72	0.67	0.00	0.57	0.77
Increase / (Decrease) in Invested Capital	0.00	92	2.00	1,145	-158	-18	-79	2,988	-494	-21
Enterprise Value (EV)	0.00	0.00	1,887	3,472	6,582	4,717	3,323	3,785	7,356	16,478
Market Capitalization	0.00	0.00	2,070	3,394	6,815	5,000	3,326	3,365	7,373	18,809
Book Value per Share	$9.18	$9.90	$9.69	$15.44	$11.96	$12.07	$10.45	$22.74	$12.98	$19.36
Tangible Book Value per Share	$9.16	$9.88	$9.66	$15.40	$11.94	$12.05	$10.45	$22.74	$12.98	$19.36
Total Capital	1,439	1,526	1,515	2,770	2,627	2,668	2,456	5,622	5,574	7,906
Total Debt	40	4.83	1.32	302	21	32	254	849	857	905
Total Long-Term Debt	40	1.83	1.32	302	21	32	254	849	857	905
Net Debt	-191	-227	-211	-21	-330	-381	-9.30	408	-30	-2,335
Capital Expenditures (CapEx)	-16	-1.67	129	-10	156	198	266	375	320	309
Debt-free, Cash-free Net Working Capital (DFCFNWC)	248	237	185	279	216	278	281	325	146	60
Debt-free Net Working Capital (DFNWC)	429	414	398	517	495	613	424	766	1,033	1,379
Net Working Capital (NWC)	429	411	398	517	495	613	424	766	1,033	1,379
Net Nonoperating Expense (NNE)	-30	-65	3.81	-78	23	52	327	23	8.18	-3.96
Net Nonoperating Obligations (NNO)	-191	-221	-211	-21	-317	-365	-9.30	408	-30	-2,335
Total Depreciation and Amortization (D&A)	116	123	147	253	272	303	316	484	572	497
Debt-free, Cash-free Net Working Capital to Revenue	31.97%	28.98%	23.32%	19.08%	16.14%	17.04%	18.82%	0.00%	5.18%	1.66%
Debt-free Net Working Capital to Revenue	55.32%	50.65%	50.06%	35.39%	36.99%	37.57%	28.34%	0.00%	36.66%	38.10%
Net Working Capital to Revenue	55.32%	50.29%	50.06%	35.39%	36.99%	37.57%	28.34%	0.00%	36.66%	38.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.07	$0.00	$0.85	$0.00	($1.62)	$0.00	$0.31	$2.56
Adjusted Weighted Average Basic Shares Outstanding	0.00	153.30M	153.32M	209.84M	210.09M	210.46M	210.52M	364.66M	363.04M	381.48M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.07	$0.00	$0.85	$0.00	($1.62)	$0.00	$0.31	$2.56
Adjusted Weighted Average Diluted Shares Outstanding	0.00	153.30M	153.52M	209.84M	210.30M	210.46M	210.52M	364.66M	363.40M	381.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	306.42M	153.45M	402.97M	210.26M	420.73M	210.68M	364.66M	363.36M	421.85M
Normalized Net Operating Profit after Tax (NOPAT)	102	59	52	144	200	150	-13	-82	309	976
Normalized NOPAT Margin	13.11%	7.22%	6.50%	9.85%	14.91%	9.21%	-0.87%	0.00%	10.95%	26.97%
Pre Tax Income Margin	18.91%	14.52%	4.18%	12.49%	20.55%	18.17%	-1.41%	0.00%	15.59%	34.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	6.38	7.21	0.00	0.00	-7.75	0.00	314.93	0.00
NOPAT to Interest Expense	0.00	0.00	1.95	4.01	0.00	0.00	-5.43	0.00	86.35	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	-9.42	7.56	0.00	0.00	-118.58	0.00	86.71	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	-13.85	4.36	0.00	0.00	-116.26	0.00	-141.87	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	26.20%	72.54%	-27.93%	-124.31%	129.02%	17.96%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	26.20%	72.54%	-27.93%	-124.31%	150.58%	22.65%

No quarterly metrics and ratios for Pan American Silver are available.

Financials Breakdown Chart

Frequently Asked Questions About Pan American Silver's Financials

When does Pan American Silver's fiscal year end?

According to the most recent income statement we have on file, Pan American Silver's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Pan American Silver's net income changed over the last 9 years?

Pan American Silver's net income appears to be on an upward trend, with a most recent value of $980 million in 2025, rising from $101.83 million in 2016. The previous period was $113 million in 2024. Find out what analysts predict for Pan American Silver in the coming months.

What is Pan American Silver's operating income?

Pan American Silver's total operating income in 2025 was $1.23 billion, based on the following breakdown:

Total Gross Profit: $1.41 billion
Total Operating Expenses: $140 million

How has Pan American Silver's revenue changed over the last 9 years?

Over the last 9 years, Pan American Silver's total revenue changed from $774.78 million in 2016 to $3.62 billion in 2025, a change of 367.1%.

How much debt does Pan American Silver have?

Pan American Silver's total liabilities were at $2.74 billion at the end of 2025, a 10.3% increase from 2024, and a 449.1% increase since 2016.

How much cash does Pan American Silver have?

In the past 9 years, Pan American Silver's cash and equivalents has ranged from $107 million in 2022 to $1.22 billion in 2025, and is currently $1.22 billion as of their latest financial filing in 2025.

How has Pan American Silver's book value per share changed over the last 9 years?

Over the last 9 years, Pan American Silver's book value per share changed from 9.18 in 2016 to 19.36 in 2025, a change of 111.0%.

Related Companies

Financial statements for NYSE:PAAS last updated on 2/21/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Pan American Silver (PAAS) Financials

Financials Breakdown Chart

Frequently Asked Questions About Pan American Silver's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Pan American Silver (PAAS) Financials

Annual Income Statements for Pan American Silver

Quarterly Income Statements for Pan American Silver

Annual Cash Flow Statements for Pan American Silver

Quarterly Cash Flow Statements for Pan American Silver

Annual Balance Sheets for Pan American Silver

Quarterly Balance Sheets for Pan American Silver

Annual Metrics And Ratios for Pan American Silver

Quarterly Metrics And Ratios for Pan American Silver

Financials Breakdown Chart

Frequently Asked Questions About Pan American Silver's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools