Invesaro

Stocks Comparison

Kinross Gold vs Pan American Silver: revenue, profit, margins and growth compared

Kinross Gold brought in $7.1B of revenue in fiscal 2025, Pan American Silver $3.6B in fiscal 2025. Revenue changed by +36.9% at Kinross Gold and +28.4% at Pan American Silver on the year before, so Kinross Gold grew faster. Kinross Gold kept 33.9% of its revenue as net profit, Pan American Silver 27.1%. Free cash flow was $2.6B at Kinross Gold and $1B at Pan American Silver.

Side by side, latest fiscal year

KGCPAAS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$7.1B$3.6B
Revenue growth+36.9%+28.4%
Net income$2.4B$980M
Net margin33.9%27.1%
Free cash flow$2.6B$1B
Free cash flow margin36.4%28.2%
Earnings per share (diluted)$1.95$2.56
Cash$1.7B$1.2B
Debt$738.2M$714M
Price to earningsn/an/a
Market value$28.8B$19B
Dividend yieldn/an/a
Rank by revenue in sector#13 of 99 · Basic materials#18 of 99 · Basic materials

Over the years

Revenue
KGC FY2018: $3.2BKGC FY2019: $3.5BKGC FY2020: $4.2BKGC FY2021: $2.6BKGC FY2022: $3.5BKGC FY2023: $4.2BKGC FY2024: $5.1BKGC FY2025: $7.1BPAAS FY2018: $784.5MPAAS FY2019: $1.4BPAAS FY2020: $1.3BPAAS FY2021: $1.6BPAAS FY2022: $1.5BPAAS FY2023: $2.3BPAAS FY2024: $2.8BPAAS FY2025: $3.6BFY18FY19FY20FY21FY22FY23FY24FY25
KGC $7.1BPAAS $3.6B
Net income
KGC FY2018: -$23.6MKGC FY2019: $718.6MKGC FY2020: $1.3BKGC FY2021: $221.2MKGC FY2022: -$605.2MKGC FY2023: $416.3MKGC FY2024: $948.8MKGC FY2025: $2.4BPAAS FY2018: $12MPAAS FY2019: $111.2MPAAS FY2020: $176.5MPAAS FY2021: $98.6MPAAS FY2022: -$340.1MPAAS FY2023: -$104.9MPAAS FY2024: $113MPAAS FY2025: $980MFY18FY19FY20FY21FY22FY23FY24FY25
KGC $2.4BPAAS $980M
Net margin
KGC FY2018: -0.7%KGC FY2019: 20.5%KGC FY2020: 31.9%KGC FY2021: 8.5%KGC FY2022: -17.5%KGC FY2023: 9.8%KGC FY2024: 18.4%KGC FY2025: 33.9%PAAS FY2018: 1.5%PAAS FY2019: 8.2%PAAS FY2020: 13.2%PAAS FY2021: 6.0%PAAS FY2022: -22.8%PAAS FY2023: -4.5%PAAS FY2024: 4.0%PAAS FY2025: 27.1%FY18FY19FY20FY21FY22FY23FY24FY25
KGC 33.9%PAAS 27.1%
Revenue growth
KGC FY2019: +8.9%KGC FY2020: +20.5%KGC FY2021: -38.3%KGC FY2022: +32.9%KGC FY2023: +22.7%KGC FY2024: +21.4%KGC FY2025: +36.9%PAAS FY2019: +72.2%PAAS FY2020: -0.9%PAAS FY2021: +22.0%PAAS FY2022: -8.5%PAAS FY2023: +55.0%PAAS FY2024: +21.7%PAAS FY2025: +28.4%FY19FY20FY21FY22FY23FY24FY25
KGC +36.9%PAAS +28.4%
Free cash flow
KGC FY2018: -$254.7MKGC FY2019: $164.7MKGC FY2020: $1BKGC FY2021: $313.5MKGC FY2023: $507MKGC FY2024: $1.4BKGC FY2025: $2.6BPAAS FY2018: $10.6MPAAS FY2019: $76.2MPAAS FY2020: $283.8MPAAS FY2021: $148.6MPAAS FY2022: -$242.9MPAAS FY2023: $71.2MPAAS FY2024: $401MPAAS FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
KGC $2.6BPAAS $1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Kinross Gold and Pan American Silver

Which is bigger by revenue, Kinross Gold or Pan American Silver?

Kinross Gold is bigger by revenue: $7.1B in fiscal 2025, against $3.6B for Pan American Silver in fiscal 2025.

Which keeps more of its revenue as profit, Kinross Gold or Pan American Silver?

Kinross Gold had a net margin of 33.9% in fiscal 2025; Pan American Silver had 27.1% in fiscal 2025.

Which grew revenue faster, Kinross Gold or Pan American Silver?

In their latest fiscal years revenue changed by +36.9% at Kinross Gold and +28.4% at Pan American Silver.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies