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Side-by-side financial comparison of PAN AMERICAN SILVER CORP (PAAS) and PENN Entertainment, Inc. (PENN). 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 $1.8B, roughly 1.6× PENN Entertainment, Inc.).
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.
Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also owns the Canadian digital media company Score Media and Gaming.
PAAS vs PENN — Head-to-Head
Income Statement — Q3 FY2022 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $1.8B |
| Net Profit | — | $-2.8M |
| Gross Margin | 27.0% | — |
| Operating Margin | — | 5.5% |
| Net Margin | — | -0.2% |
| Revenue YoY | — | 6.4% |
| Net Profit YoY | — | 66.7% |
| EPS (diluted) | $-1.05 | $-0.02 |
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.
| Q1 26 | — | $1.8B | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | — | $-2.8M | ||
| Q4 25 | — | $-72.9M | ||
| Q3 25 | — | $-864.6M | ||
| Q2 25 | — | $-17.4M | ||
| Q1 25 | — | $111.8M | ||
| Q4 24 | — | $-133.3M | ||
| Q3 24 | — | $-36.7M | ||
| Q2 24 | — | $-26.8M |
| Q1 26 | — | 5.5% | ||
| Q4 25 | — | -1.0% | ||
| Q3 25 | — | -45.2% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 4.5% |
| Q1 26 | — | -0.2% | ||
| Q4 25 | — | -4.0% | ||
| Q3 25 | — | -50.3% | ||
| Q2 25 | — | -1.0% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | -8.0% | ||
| Q3 24 | — | -2.2% | ||
| Q2 24 | — | -1.6% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | — | $-0.36 | ||
| Q3 25 | — | $-6.03 | ||
| Q2 25 | — | $-0.12 | ||
| Q1 25 | — | $0.68 | ||
| Q4 24 | — | $-0.87 | ||
| Q3 24 | — | $-0.24 | ||
| Q2 24 | — | $-0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $708.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | — | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $708.0M | ||
| Q4 25 | — | $686.6M | ||
| Q3 25 | — | $660.1M | ||
| Q2 25 | — | $671.6M | ||
| Q1 25 | — | $591.6M | ||
| Q4 24 | — | $706.6M | ||
| Q3 24 | — | $834.0M | ||
| Q2 24 | — | $877.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | $14.3B | ||
| Q3 25 | — | $14.3B | ||
| Q2 25 | — | $15.2B | ||
| Q1 25 | — | $15.1B | ||
| Q4 24 | — | $15.3B | ||
| Q3 24 | — | $15.5B | ||
| Q2 24 | — | $15.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.46× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.89× | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PAAS
Segment breakdown not available.
PENN
| Northeast segment (1) | $687.1M | 39% |
| Interactive (5) | $290.1M | 16% |
| South segment (2) | $288.3M | 16% |
| Midwest segment (4) | $282.9M | 16% |
| West segment (3) | $129.7M | 7% |
| Other | $101.0M | 6% |
