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Kinross Gold vs PAN American Silver: KGC and PAAS compared
Kinross Gold is the larger company: $7.1B of revenue in its latest quarter (FY2025) against $3.6B for PAN American Silver (FY2025). Kinross Gold is growing faster (+37% against +28% a year earlier). Kinross Gold is more profitable, with an operating margin of 46.5% against 34.1%.
Where the money goes: KGC and PAAS
Kinross Gold (KGC) · FY2025
Kinross Gold, FY2025: revenue $7.1B (+37% year over year), operating margin 46.5%, net earnings $2.4B, operating cash flow $3.8B. The chart follows the revenue to costs, profit and cash.
PAN American Silver (PAAS) · FY2025
PAN American Silver, FY2025: revenue $3.6B (+28% year over year), operating margin 34.1%, net earnings $980M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Kinross Gold (KGC) | PAN American Silver (PAAS) | |
|---|---|---|
| Latest quarter | FY2025 | FY2025 |
| Revenue | $7.1B | $3.6B |
| Revenue growth, Y/Y | +37% | +28% |
| Gross margin | 52.7% | 38.8% |
| Operating margin | 46.5% | 34.1% |
| Net earnings | $2.4B | $980M |
| Net margin | 33.9% | 27.1% |
| Operating cash flow | $3.8B | $1.3B |
| Free cash flow | $2.6B | $1.0B |
Questions
Which is bigger, Kinross Gold or PAN American Silver?
Kinross Gold is the larger company: $7.1B of revenue in its latest quarter (FY2025) against $3.6B for PAN American Silver (FY2025).
Is Kinross Gold or PAN American Silver growing faster?
Kinross Gold is growing faster (+37% against +28% a year earlier).
Which is more profitable, Kinross Gold or PAN American Silver?
Kinross Gold is more profitable, with an operating margin of 46.5% against 34.1%.
More: Kinross Gold earnings · how Kinross Gold makes money · PAN American Silver earnings · how PAN American Silver makes money
From the companies' latest 10-Q, 10-K or earnings release (40-F filed Mar 26, 2026; 40-F filed Feb 18, 2026). Fiscal quarters can end on different dates. Not investment advice.