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

PulteGroup is the larger business by last-quarter revenue ($3.4B vs $2.8B, roughly 1.2× PAN AMERICAN SILVER CORP).

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.

PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.

PAAS vs PHM — Head-to-Head

Bigger by revenue
PHM
PHM
1.2× larger
PHM
$3.4B
$2.8B
PAAS

Income Statement — Q3 FY2022 vs Q1 FY2026

Metric
PAAS
PAAS
PHM
PHM
Revenue
$2.8B
$3.4B
Net Profit
$347.0M
Gross Margin
27.0%
Operating Margin
Net Margin
10.2%
Revenue YoY
-12.4%
Net Profit YoY
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.

Revenue
PAAS
PAAS
PHM
PHM
Q1 26
$3.4B
Q4 25
$4.6B
Q3 25
$4.4B
Q2 25
$4.4B
Q1 25
$3.9B
Q4 24
$4.9B
Q3 24
$4.5B
Q2 24
$4.6B
Net Profit
PAAS
PAAS
PHM
PHM
Q1 26
$347.0M
Q4 25
$501.6M
Q3 25
$585.8M
Q2 25
$608.5M
Q1 25
$522.8M
Q4 24
$913.2M
Q3 24
$697.9M
Q2 24
$809.1M
Gross Margin
PAAS
PAAS
PHM
PHM
Q1 26
Q4 25
Q3 25
27.8%
Q2 25
28.6%
Q1 25
28.8%
Q4 24
Q3 24
30.4%
Q2 24
31.4%
Net Margin
PAAS
PAAS
PHM
PHM
Q1 26
10.2%
Q4 25
10.9%
Q3 25
13.3%
Q2 25
13.8%
Q1 25
13.4%
Q4 24
18.6%
Q3 24
15.6%
Q2 24
17.6%
EPS (diluted)
PAAS
PAAS
PHM
PHM
Q1 26
Q4 25
$2.56
Q3 25
$2.96
Q2 25
$3.03
Q1 25
$2.57
Q4 24
$4.41
Q3 24
$3.35
Q2 24
$3.83

Balance Sheet & Financial Strength

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

Metric
PAAS
PAAS
PHM
PHM
Cash + ST InvestmentsLiquidity on hand
$1.8B
Total DebtLower is stronger
Stockholders' EquityBook value
$13.0B
Total Assets
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAAS
PAAS
PHM
PHM
Q1 26
$1.8B
Q4 25
$2.0B
Q3 25
$1.5B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.6B
Q3 24
$1.4B
Q2 24
$1.4B
Total Debt
PAAS
PAAS
PHM
PHM
Q1 26
Q4 25
$43.9M
Q3 25
Q2 25
Q1 25
Q4 24
$31.1M
Q3 24
Q2 24
Stockholders' Equity
PAAS
PAAS
PHM
PHM
Q1 26
$13.0B
Q4 25
$13.0B
Q3 25
$12.8B
Q2 25
$12.6B
Q1 25
$12.3B
Q4 24
$12.1B
Q3 24
$11.6B
Q2 24
$11.2B
Total Assets
PAAS
PAAS
PHM
PHM
Q1 26
$5.2B
Q4 25
$18.0B
Q3 25
$17.9B
Q2 25
$17.6B
Q1 25
$17.3B
Q4 24
$17.4B
Q3 24
$17.0B
Q2 24
$16.5B
Debt / Equity
PAAS
PAAS
PHM
PHM
Q1 26
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
PAAS
PAAS
PHM
PHM
Operating Cash FlowLast quarter
$159.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
0.46×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAAS
PAAS
PHM
PHM
Q1 26
$159.8M
Q4 25
$771.1M
Q3 25
$678.4M
Q2 25
$287.5M
Q1 25
$134.2M
Q4 24
$567.6M
Q3 24
$455.9M
Q2 24
$417.5M
Free Cash Flow
PAAS
PAAS
PHM
PHM
Q1 26
Q4 25
$739.8M
Q3 25
$651.1M
Q2 25
$253.0M
Q1 25
$104.6M
Q4 24
$543.1M
Q3 24
$417.2M
Q2 24
$386.2M
FCF Margin
PAAS
PAAS
PHM
PHM
Q1 26
Q4 25
16.0%
Q3 25
14.8%
Q2 25
5.7%
Q1 25
2.7%
Q4 24
11.0%
Q3 24
9.3%
Q2 24
8.4%
Capex Intensity
PAAS
PAAS
PHM
PHM
Q1 26
0.7%
Q4 25
0.7%
Q3 25
0.6%
Q2 25
0.8%
Q1 25
0.8%
Q4 24
0.5%
Q3 24
0.9%
Q2 24
0.7%
Cash Conversion
PAAS
PAAS
PHM
PHM
Q1 26
0.46×
Q4 25
1.54×
Q3 25
1.16×
Q2 25
0.47×
Q1 25
0.26×
Q4 24
0.62×
Q3 24
0.65×
Q2 24
0.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PAAS
PAAS

Segment breakdown not available.

PHM
PHM

Home sale revenues$3.3B97%
Financial Services$71.7M2%
Land sale and other revenues$29.3M1%

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