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PAN American Silver vs Coeur Mining: PAAS and CDE compared
PAN American Silver is the larger company: $1.2B of revenue in its latest quarter (Q4 2025) against $984M for Coeur Mining (Q3 2026). PAN American Silver is more profitable, with an operating margin of 43.4% against 17.7%.
Where the money goes: PAAS and CDE
PAN American Silver (PAAS) · Q4 2025
PAN American Silver, Q4 2025: revenue $1.2B, operating margin 43.4%, net earnings $452M, operating cash flow $554M. The chart follows the revenue to costs, profit and cash.
Coeur Mining (CDE) · Q3 2026
Coeur Mining, Q3 2026: revenue $984M (+77% year over year), operating margin 17.7%, net earnings $109M, operating cash flow $386M. The chart follows the revenue to costs, profit and cash.
| PAN American Silver (PAAS) | Coeur Mining (CDE) | |
|---|---|---|
| Latest quarter | Q4 2025 | Q3 2026 |
| Revenue | $1.2B | $984M |
| Revenue growth, Y/Y | — | +77% |
| Operating margin | 43.4% | 17.7% |
| Net earnings | $452M | $109M |
| Net margin | 38.3% | 11.1% |
| Operating cash flow | $554M | $386M |
| Free cash flow | — | $240M |
| Market value | — | $15.9B |
| P/E | — | 16.3× |
| Analysts’ mean target | — | $21.95 |
Questions
Which is bigger, PAN American Silver or Coeur Mining?
PAN American Silver is the larger company: $1.2B of revenue in its latest quarter (Q4 2025) against $984M for Coeur Mining (Q3 2026).
Is PAN American Silver or Coeur Mining growing faster?
PAN American Silver is more profitable, with an operating margin of 43.4% against 17.7%.
More: PAN American Silver earnings · how PAN American Silver makes money · Coeur Mining earnings · how Coeur Mining makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Feb 18, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.