Pan American Silver Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.62B | $2.82B | $2.32B | $1.49B | $1.63B | $1.34B | $1.35B | $784.5M |
| Cost of Revenue | $2.21B | $2.27B | $2.02B | $1.45B | $1.26B | $978.6M | $1.12B | $683.6M |
| Gross Profit | $1.41B | $549.0M | $296.8M | $48.4M | $367.9M | $360.2M | $229.3M | $100.9M |
| Gross Margin | 38.8% | 19.5% | 12.8% | 3.2% | 22.5% | 26.9% | 17.0% | 12.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $1.23B | $531.0M | $38.1M | $-262.3M | $320.9M | $210.0M | $127.1M | $42.7M |
| Operating Margin | 34.1% | 18.8% | 1.6% | -17.5% | 19.7% | 15.7% | 9.4% | 5.4% |
| Interest Expense | $55.0M | $48.0M | $51.4M | $5.3M | $3.7M | $9.2M | $16.9M | — |
| Pretax Income | $1.24B | $432.0M | $-58.8M | $-301.0M | $245.0M | $252.0M | $182.5M | $33.2M |
| Income Tax Expense | $258.0M | $319.0M | $46.1M | $39.1M | $146.4M | $75.6M | $71.3M | $21.1M |
| Net Income | $980.0M | $113.0M | $-104.9M | $-340.1M | $98.6M | $176.5M | $111.2M | $12.0M |
| Net Margin | 27.1% | 4.0% | -4.5% | -22.8% | 6.0% | 13.2% | 8.2% | 1.5% |
| EPS (Basic) | $2.56 | $0.31 | $-0.32 | $-1.62 | $0.46 | $0.85 | $0.55 | $0.07 |
| EPS (Diluted) | $2.56 | $0.31 | $-0.32 | $-1.62 | $0.46 | $0.85 | $0.55 | $0.07 |
| Shares Outstanding (Basic) | 421.8M | 363.0M | 364.7M | 210.7M | 210.5M | 210.3M | 209.8M | 153.4M |
| Shares Outstanding (Diluted) | 421.8M | 363.0M | 364.7M | 210.7M | 210.5M | 210.3M | 209.8M | 153.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |