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

PAN AMERICAN SILVER CORP is the larger business by last-quarter revenue ($2.8B vs $1.7B, roughly 1.7× GLOBALFOUNDRIES Inc.).

GlobalFoundries Inc. is a multinational semiconductor contract manufacturing and design company domiciled in the Cayman Islands and headquartered in Malta, New York. Created by the divestiture of the manufacturing arm of AMD in March 2009, the company was privately owned by Mubadala Investment Company, a sovereign wealth fund of the United Arab Emirates, until an initial public offering (IPO) in October 2021. Mubadala remains the majority owner of the company with an 82% stake.

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.

GFS vs PAAS — Head-to-Head

Bigger by revenue
PAAS
PAAS
1.7× larger
PAAS
$2.8B
$1.7B
GFS

Income Statement — Q3 FY2025 vs Q3 FY2022

Metric
GFS
GFS
PAAS
PAAS
Revenue
$1.7B
$2.8B
Net Profit
$249.0M
Gross Margin
24.8%
27.0%
Operating Margin
11.6%
Net Margin
14.8%
Revenue YoY
-2.9%
Net Profit YoY
39.9%
EPS (diluted)
$0.44
$-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
GFS
GFS
PAAS
PAAS
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.6B
Q3 24
$1.7B
Q2 24
$1.6B
Q1 24
$1.5B
Q3 23
$1.9B
Q2 23
$1.8B
Net Profit
GFS
GFS
PAAS
PAAS
Q3 25
$249.0M
Q2 25
$228.0M
Q1 25
$211.0M
Q3 24
$178.0M
Q2 24
$155.0M
Q1 24
$134.0M
Q3 23
$249.0M
Q2 23
$237.0M
Gross Margin
GFS
GFS
PAAS
PAAS
Q3 25
24.8%
Q2 25
24.2%
Q1 25
22.4%
Q3 24
23.8%
Q2 24
24.2%
Q1 24
25.4%
Q3 23
28.6%
Q2 23
28.8%
Operating Margin
GFS
GFS
PAAS
PAAS
Q3 25
11.6%
Q2 25
11.6%
Q1 25
9.5%
Q3 24
10.6%
Q2 24
9.5%
Q1 24
9.5%
Q3 23
14.1%
Q2 23
14.9%
Net Margin
GFS
GFS
PAAS
PAAS
Q3 25
14.8%
Q2 25
13.5%
Q1 25
13.3%
Q3 24
10.2%
Q2 24
9.5%
Q1 24
8.7%
Q3 23
13.4%
Q2 23
12.8%
EPS (diluted)
GFS
GFS
PAAS
PAAS
Q3 25
$0.44
Q2 25
$0.41
Q1 25
$0.38
Q3 24
$0.32
Q2 24
$0.28
Q1 24
$0.24
Q3 23
$0.45
Q2 23
$0.43

Balance Sheet & Financial Strength

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

Metric
GFS
GFS
PAAS
PAAS
Cash + ST InvestmentsLiquidity on hand
$2.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$11.8B
Total Assets
$16.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GFS
GFS
PAAS
PAAS
Q3 25
$2.0B
Q2 25
$1.8B
Q1 25
$1.6B
Q3 24
$2.3B
Q2 24
$2.2B
Q1 24
$2.2B
Q3 23
$1.9B
Q2 23
$1.8B
Stockholders' Equity
GFS
GFS
PAAS
PAAS
Q3 25
$11.8B
Q2 25
$11.5B
Q1 25
$11.1B
Q3 24
$11.6B
Q2 24
$11.3B
Q1 24
$11.3B
Q3 23
$10.8B
Q2 23
$10.6B
Total Assets
GFS
GFS
PAAS
PAAS
Q3 25
$16.7B
Q2 25
$16.8B
Q1 25
$16.5B
Q3 24
$18.1B
Q2 24
Q1 24
Q3 23
$17.8B
Q2 23
$17.8B

Cash Flow & Capital Efficiency

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

Metric
GFS
GFS
PAAS
PAAS
Operating Cash FlowLast quarter
$595.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GFS
GFS
PAAS
PAAS
Q3 25
$595.0M
Q2 25
$431.0M
Q1 25
$331.0M
Q3 24
$375.0M
Q2 24
$402.0M
Q1 24
$488.0M
Q3 23
$416.0M
Q2 23
$546.0M
Cash Conversion
GFS
GFS
PAAS
PAAS
Q3 25
2.39×
Q2 25
1.89×
Q1 25
1.57×
Q3 24
2.11×
Q2 24
2.59×
Q1 24
3.64×
Q3 23
1.67×
Q2 23
2.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GFS
GFS

Smart Mobile Devices$752.0M45%
Automotive$306.0M18%
Home And Industrial Io T$258.0M15%
Goods Or Services Transferred Over Time$198.0M12%
Communications Infrastructure Datacenter$175.0M10%

PAAS
PAAS

Segment breakdown not available.

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