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Side-by-side financial comparison of GLOBAL PARTNERS LP (GLP) 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 $2.2B, roughly 1.3× GLOBAL PARTNERS LP).
Global Partners LP is an American energy supply company ranked 361 in the 2018 Fortune 500. The company is organized as a master limited partnership, and its operations focus on the importing of petroleum products and marketing them in North America. It wholesales products like crude oil, diesel oil, gasoline, heating oil and kerosene.
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.
GLP vs PAAS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2022
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $2.8B |
| Net Profit | $25.1M | — |
| Gross Margin | 11.9% | 27.0% |
| Operating Margin | 2.6% | — |
| Net Margin | 1.1% | — |
| Revenue YoY | 7.0% | — |
| Net Profit YoY | 5.0% | — |
| EPS (diluted) | — | $-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.
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.2B | — |
| Q4 25 | $25.1M | — | ||
| Q3 25 | $29.0M | — | ||
| Q2 25 | $25.2M | — | ||
| Q1 25 | $18.7M | — | ||
| Q4 24 | $23.9M | — | ||
| Q3 24 | $45.9M | — | ||
| Q2 24 | $46.1M | — | ||
| Q1 24 | $-5.6M | — |
| Q4 25 | 11.9% | — | ||
| Q3 25 | 12.1% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | 13.4% | — | ||
| Q2 24 | 12.6% | — | ||
| Q1 24 | 9.8% | — |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 1.2% | — |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | -0.3% | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $101.0M | — |
| Free Cash FlowOCF − Capex | $62.2M | — |
| FCF MarginFCF / Revenue | 2.8% | — |
| Capex IntensityCapex / Revenue | 1.8% | — |
| Cash ConversionOCF / Net Profit | 4.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $193.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $101.0M | — | ||
| Q3 25 | $19.0M | — | ||
| Q2 25 | $216.3M | — | ||
| Q1 25 | $-51.6M | — | ||
| Q4 24 | $67.2M | — | ||
| Q3 24 | $122.7M | — | ||
| Q2 24 | $24.3M | — | ||
| Q1 24 | $-182.7M | — |
| Q4 25 | $62.2M | — | ||
| Q3 25 | $-678.0K | — | ||
| Q2 25 | $201.3M | — | ||
| Q1 25 | $-69.5M | — | ||
| Q4 24 | $20.4M | — | ||
| Q3 24 | $98.4M | — | ||
| Q2 24 | $8.7M | — | ||
| Q1 24 | $-199.3M | — |
| Q4 25 | 2.8% | — | ||
| Q3 25 | -0.0% | — | ||
| Q2 25 | 9.7% | — | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | -9.0% | — |
| Q4 25 | 1.8% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.8% | — |
| Q4 25 | 4.03× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 8.58× | — | ||
| Q1 25 | -2.76× | — | ||
| Q4 24 | 2.82× | — | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLP
| Gasoline | $1.0B | 46% |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $884.7M | 40% |
| Commercial Segment | $187.6M | 8% |
| Station Operations | $110.5M | 5% |
PAAS
Segment breakdown not available.
