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Side-by-side financial comparison of Contango ORE, Inc. (CTGO) and PAN AMERICAN SILVER CORP (PAAS). Click either name above to swap in a different company.

Contango ORE, Inc. is a U.S.-based mineral exploration and development firm focused on gold and associated mineral deposits in Alaska. It runs geological surveys, sample tests, and feasibility assessments to find commercially viable mineral resources and advance potential future mining projects.

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.

CTGO vs PAAS — Head-to-Head

Bigger by revenue
PAAS
PAAS
-2566.7× larger
PAAS
$2.8B
$-1.1M
CTGO

Income Statement — Q4 2025 vs Q3 2022

Metric
CTGO
CTGO
PAAS
PAAS
Revenue
$-1.1M
$2.8B
Net Profit
$-24.1M
Gross Margin
27.0%
Operating Margin
Net Margin
2202.5%
Revenue YoY
64.7%
Net Profit YoY
-324.4%
EPS (diluted)
$-1.72
$-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
CTGO
CTGO
PAAS
PAAS
Q4 25
$-1.1M
Q3 25
$-1.7M
Q2 25
$-2.0M
Q1 25
$-2.7M
Q4 22
$-446.7K
Q3 22
$-449.5K
$2.8B
Net Profit
CTGO
CTGO
PAAS
PAAS
Q4 25
$-24.1M
Q3 25
$-5.4M
Q2 25
$15.9M
Q1 25
$-22.5M
Q4 22
$-14.3M
Q3 22
$-7.1M
Gross Margin
CTGO
CTGO
PAAS
PAAS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 22
Q3 22
27.0%
Operating Margin
CTGO
CTGO
PAAS
PAAS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 22
3203.1%
Q3 22
1577.8%
Net Margin
CTGO
CTGO
PAAS
PAAS
Q4 25
2202.5%
Q3 25
312.8%
Q2 25
-783.0%
Q1 25
820.6%
Q4 22
3203.1%
Q3 22
1577.8%
EPS (diluted)
CTGO
CTGO
PAAS
PAAS
Q4 25
$-1.72
Q3 25
$-0.44
Q2 25
$1.24
Q1 25
$-1.88
Q4 22
$-2.10
Q3 22
$-1.05
$-1.05

Balance Sheet & Financial Strength

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

Metric
CTGO
CTGO
PAAS
PAAS
Cash + ST InvestmentsLiquidity on hand
$64.8M
Total DebtLower is stronger
$33.9M
Stockholders' EquityBook value
$25.1M
Total Assets
$172.0M
Debt / EquityLower = less leverage
1.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTGO
CTGO
PAAS
PAAS
Q4 25
$64.8M
Q3 25
$107.0M
Q2 25
$36.5M
Q1 25
$35.0M
Q4 22
$8.8M
Q3 22
$17.8M
Total Debt
CTGO
CTGO
PAAS
PAAS
Q4 25
$33.9M
Q3 25
$42.1M
Q2 25
$48.5M
Q1 25
$56.1M
Q4 22
Q3 22
Stockholders' Equity
CTGO
CTGO
PAAS
PAAS
Q4 25
$25.1M
Q3 25
$47.8M
Q2 25
$-2.4M
Q1 25
$-20.5M
Q4 22
$-777.4K
Q3 22
$7.1M
Total Assets
CTGO
CTGO
PAAS
PAAS
Q4 25
$172.0M
Q3 25
$217.7M
Q2 25
$153.1M
Q1 25
$147.4M
Q4 22
$23.3M
Q3 22
$32.0M
Debt / Equity
CTGO
CTGO
PAAS
PAAS
Q4 25
1.35×
Q3 25
0.88×
Q2 25
Q1 25
Q4 22
Q3 22

Cash Flow & Capital Efficiency

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

Metric
CTGO
CTGO
PAAS
PAAS
Operating Cash FlowLast quarter
$-34.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTGO
CTGO
PAAS
PAAS
Q4 25
$-34.5M
Q3 25
$23.3M
Q2 25
$8.4M
Q1 25
$28.6M
Q4 22
Q3 22
$-5.3M
Capex Intensity
CTGO
CTGO
PAAS
PAAS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 22
Q3 22
0.0%
Cash Conversion
CTGO
CTGO
PAAS
PAAS
Q4 25
Q3 25
Q2 25
0.53×
Q1 25
Q4 22
Q3 22

Financial Flow Comparison

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

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