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Side-by-side financial comparison of CELESTICA INC (CLS) and PAN AMERICAN SILVER CORP (PAAS). Click either name above to swap in a different company.

CELESTICA INC is the larger business by last-quarter revenue ($4.0B vs $2.8B, roughly 1.4× PAN AMERICAN SILVER CORP).

Celestica Inc. is a Canadian multinational design, manufacturing, hardware platform, and supply chain electronics manufacturing services (EMS) company, which is headquartered in Toronto, Ontario. The company operates in 50 sites across 15 countries.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

CLS vs PAAS — Head-to-Head

Bigger by revenue
CLS
CLS
1.4× larger
CLS
$4.0B
$2.8B
PAAS

Income Statement — Q1 FY2026 vs Q3 FY2022

Metric
CLS
CLS
PAAS
PAAS
Revenue
$4.0B
$2.8B
Net Profit
$212.3M
Gross Margin
10.8%
27.0%
Operating Margin
6723.5%
Net Margin
5.2%
Revenue YoY
52.8%
Net Profit YoY
146.3%
EPS (diluted)
$1.83
$-1.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CLS
CLS
PAAS
PAAS
Q1 26
$4.0B
Q4 25
$3.7B
Q3 25
$3.2B
Q2 25
$2.9B
Q1 25
$2.6B
Q3 24
$2.5B
Q2 24
$2.4B
Q1 24
$2.2B
Net Profit
CLS
CLS
PAAS
PAAS
Q1 26
$212.3M
Q4 25
$267.5M
Q3 25
$267.8M
Q2 25
$211.0M
Q1 25
$86.2M
Q3 24
$89.5M
Q2 24
$95.0M
Q1 24
$91.8M
Gross Margin
CLS
CLS
PAAS
PAAS
Q1 26
10.8%
Q4 25
11.8%
Q3 25
13.0%
Q2 25
12.8%
Q1 25
10.3%
Q3 24
10.4%
Q2 24
10.6%
Q1 24
10.1%
Operating Margin
CLS
CLS
PAAS
PAAS
Q1 26
6723.5%
Q4 25
8.6%
Q3 25
10.2%
Q2 25
9.4%
Q1 25
4.9%
Q3 24
5.5%
Q2 24
5.6%
Q1 24
5.7%
Net Margin
CLS
CLS
PAAS
PAAS
Q1 26
5.2%
Q4 25
7.3%
Q3 25
8.4%
Q2 25
7.3%
Q1 25
3.3%
Q3 24
3.6%
Q2 24
4.0%
Q1 24
4.2%
EPS (diluted)
CLS
CLS
PAAS
PAAS
Q1 26
$1.83
Q4 25
$2.29
Q3 25
$2.31
Q2 25
$1.82
Q1 25
$0.74
Q3 24
$0.75
Q2 24
$0.80
Q1 24
$0.77

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLS
CLS
PAAS
PAAS
Cash + ST InvestmentsLiquidity on hand
$378.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
Total Assets
$8260.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLS
CLS
PAAS
PAAS
Q1 26
$378.0M
Q4 25
$595.6M
Q3 25
$305.9M
Q2 25
$313.8M
Q1 25
$303.0M
Q3 24
Q2 24
Q1 24
Total Debt
CLS
CLS
PAAS
PAAS
Q1 26
Q4 25
$750.5M
Q3 25
$756.7M
Q2 25
$848.6M
Q1 25
$915.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CLS
CLS
PAAS
PAAS
Q1 26
$2.1B
Q4 25
$2.2B
Q3 25
$2.0B
Q2 25
$1.8B
Q1 25
$1.6B
Q3 24
$1.8B
Q2 24
$1.8B
Q1 24
$1.7B
Total Assets
CLS
CLS
PAAS
PAAS
Q1 26
$8260.0B
Q4 25
$7.2B
Q3 25
$6.6B
Q2 25
$6.2B
Q1 25
$5.8B
Q3 24
Q2 24
Q1 24
Debt / Equity
CLS
CLS
PAAS
PAAS
Q1 26
Q4 25
0.34×
Q3 25
0.37×
Q2 25
0.48×
Q1 25
0.59×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLS
CLS
PAAS
PAAS
Operating Cash FlowLast quarter
$356.3M
Free Cash FlowOCF − Capex
$137.9M
FCF MarginFCF / Revenue
3.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.68×
TTM Free Cash FlowTrailing 4 quarters
$502.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLS
CLS
PAAS
PAAS
Q1 26
$356.3M
Q4 25
$250.6M
Q3 25
$126.2M
Q2 25
$152.4M
Q1 25
$130.3M
Q3 24
$122.8M
Q2 24
$99.6M
Q1 24
$108.1M
Free Cash Flow
CLS
CLS
PAAS
PAAS
Q1 26
$137.9M
Q4 25
$155.9M
Q3 25
$88.9M
Q2 25
$119.9M
Q1 25
$93.6M
Q3 24
$76.8M
Q2 24
$62.7M
Q1 24
$67.7M
FCF Margin
CLS
CLS
PAAS
PAAS
Q1 26
3.4%
Q4 25
4.3%
Q3 25
2.8%
Q2 25
4.1%
Q1 25
3.5%
Q3 24
3.1%
Q2 24
2.6%
Q1 24
3.1%
Capex Intensity
CLS
CLS
PAAS
PAAS
Q1 26
Q4 25
2.6%
Q3 25
1.2%
Q2 25
1.1%
Q1 25
1.4%
Q3 24
1.8%
Q2 24
1.5%
Q1 24
1.8%
Cash Conversion
CLS
CLS
PAAS
PAAS
Q1 26
1.68×
Q4 25
0.94×
Q3 25
0.47×
Q2 25
0.72×
Q1 25
1.51×
Q3 24
1.37×
Q2 24
1.05×
Q1 24
1.18×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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