Pan American Silver revenue and financials
$65.34Change from previous close: +1.10%Absolute change: +$0.71
In the fiscal year ended December 2025, Pan American Silver reported revenue of $3.62B (+28.38% year over year). Net income was $978M, a net margin of 27.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +28.38%
- 2025 vs 2024
- Net income growth
- +773.21%
- 2025 vs 2024
- Net margin
- 27.0%
- 2024: 4.0%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 1,333 | 724 | 450 | 31.8 | 392 |
| Depreciation and amortization | 523 | 602 | 551 | 405 | 310 |
| Capital expenditure | -314 | -323 | -379 | -275 | -243 |
| Investing cash flow | -706 | -33.0 | 398 | -255 | -187 |
| Financing cash flow | -278 | -225 | -552 | 53.0 | -85.9 |
| Dividends paid | -175 | -145 | -130 | -94.7 | -71.5 |
| Share repurchases | -46.0 | -24.0 | 0.0 | — | — |
| Debt issued | — | 0.0 | 315 | 167 | 0.0 |
| Debt repaid | -59.0 | -57.0 | -748 | -20.0 | -14.1 |
| Effect of exchange rates | 3.0 | -3.0 | -3.7 | -6.0 | -3.1 |
| Net change in cash | 352 | 463 | 293 | -177 | 116 |
| Free cash flow | 1,019 | 401 | 71.2 | -243 | 149 |
| Levered free cash flow | 1,020 | 671 | 112 | 28.3 | 187 |