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Pan American Silver stock: key metrics
PAASPan American Silver had an operating margin of 32.3% and a return on invested capital (ROIC) of 16.7% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 48.1% | 37.6% | 22.8% |
| 2007 | 43.1% | 29.4% | 29.5% |
| 2008 | 25.9% | 17.6% | 7.3% |
| 2009 | 27.7% | 21.1% | 13.6% |
| 2010 | 37.3% | 31.1% | 17.4% |
| 2011 | 47.8% | 43.6% | 41.2% |
| 2012 | 32.7% | 16.3% | 9.4% |
| 2013 | 16.0% | −53.2% | −54.1% |
| 2014 | 1.1% | −84.2% | −72.6% |
| 2015 | −4.8% | −34.1% | −33.6% |
| 2016 | 25.7% | 23.8% | 12.9% |
| 2017 | 20.7% | 23.1% | 14.8% |
| 2018 | 12.9% | 5.4% | 1.3% |
| 2019 | 15.2% | 9.4% | 8.2% |
| 2020 | 19.3% | 15.7% | 13.3% |
| 2021 | 22.5% | 19.7% | 6.0% |
| 2022 | 3.2% | −17.5% | −22.8% |
| 2023 | 12.8% | 1.6% | −4.5% |
| 2024 | 19.5% | 18.8% | 4.0% |
| 2025 | 37.7% | 32.3% | 27.0% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 11.4% | 19.5% | 8.6% |
| 2007 | 14.8% | 17.2% | 11.6% |
| 2008 | 3.6% | 5.2% | 2.8% |
| 2009 | 4.6% | 7.2% | 3.4% |
| 2010 | 8.4% | 9.2% | 6.5% |
| 2011 | 22.1% | 26.2% | 18.1% |
| 2012 | 3.2% | 4.5% | 2.6% |
| 2013 | −20.4% | −17.0% | −16.1% |
| 2014 | −34.9% | −31.9% | −27.0% |
| 2015 | −17.5% | −14.9% | −13.2% |
| 2016 | 7.2% | 9.0% | 5.3% |
| 2017 | 8.0% | 10.1% | 6.1% |
| 2018 | 0.7% | 1.6% | 0.5% |
| 2019 | 4.5% | 4.0% | 3.2% |
| 2020 | 6.8% | 6.0% | 5.2% |
| 2021 | 3.7% | 6.8% | 2.8% |
| 2022 | −15.5% | −9.0% | −10.5% |
| 2023 | −2.2% | 0.8% | −1.4% |
| 2024 | 2.4% | 5.4% | 1.5% |
| 2025 | 14.2% | 16.7% | 10.2% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 15 Oct 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.