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Side-by-side financial comparison of PAN AMERICAN SILVER CORP (PAAS) and Teledyne Technologies (TDY). 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 $1.6B, roughly 1.7× Teledyne Technologies).

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.

Teledyne Technologies Incorporated is an American industrial conglomerate. It was founded in 1960, as Teledyne, Inc. by Henry Singleton and George Kozmetsky.

PAAS vs TDY — Head-to-Head

Bigger by revenue
PAAS
PAAS
1.7× larger
PAAS
$2.8B
$1.6B
TDY

Income Statement — Q3 FY2022 vs Q4 FY2025

Metric
PAAS
PAAS
TDY
TDY
Revenue
$2.8B
$1.6B
Net Profit
$275.6M
Gross Margin
27.0%
42.9%
Operating Margin
20.4%
Net Margin
17.1%
Revenue YoY
7.3%
Net Profit YoY
38.8%
EPS (diluted)
$-1.05
$5.81

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
TDY
TDY
Q4 25
$1.6B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Net Profit
PAAS
PAAS
TDY
TDY
Q4 25
$275.6M
Q3 25
$220.7M
Q2 25
$209.9M
Q1 25
$188.6M
Q4 24
$198.5M
Q3 24
$262.0M
Q2 24
$180.2M
Q1 24
$178.5M
Gross Margin
PAAS
PAAS
TDY
TDY
Q4 25
42.9%
Q3 25
42.8%
Q2 25
42.6%
Q1 25
42.7%
Q4 24
42.8%
Q3 24
42.9%
Q2 24
43.1%
Q1 24
43.0%
Operating Margin
PAAS
PAAS
TDY
TDY
Q4 25
20.4%
Q3 25
18.4%
Q2 25
18.4%
Q1 25
17.9%
Q4 24
15.8%
Q3 24
18.8%
Q2 24
18.0%
Q1 24
17.4%
Net Margin
PAAS
PAAS
TDY
TDY
Q4 25
17.1%
Q3 25
14.3%
Q2 25
13.9%
Q1 25
13.0%
Q4 24
13.2%
Q3 24
18.2%
Q2 24
13.1%
Q1 24
13.2%
EPS (diluted)
PAAS
PAAS
TDY
TDY
Q4 25
$5.81
Q3 25
$4.65
Q2 25
$4.43
Q1 25
$3.99
Q4 24
$4.18
Q3 24
$5.54
Q2 24
$3.77
Q1 24
$3.72

Balance Sheet & Financial Strength

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

Metric
PAAS
PAAS
TDY
TDY
Cash + ST InvestmentsLiquidity on hand
$352.4M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$10.5B
Total Assets
$15.3B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAAS
PAAS
TDY
TDY
Q4 25
$352.4M
Q3 25
$528.6M
Q2 25
$310.9M
Q1 25
$461.5M
Q4 24
$649.8M
Q3 24
$561.0M
Q2 24
$443.2M
Q1 24
$912.4M
Total Debt
PAAS
PAAS
TDY
TDY
Q4 25
$2.5B
Q3 25
$2.5B
Q2 25
$2.6B
Q1 25
$3.0B
Q4 24
$2.6B
Q3 24
$2.8B
Q2 24
$2.8B
Q1 24
$3.2B
Stockholders' Equity
PAAS
PAAS
TDY
TDY
Q4 25
$10.5B
Q3 25
$10.6B
Q2 25
$10.4B
Q1 25
$9.9B
Q4 24
$9.5B
Q3 24
$9.6B
Q2 24
$9.3B
Q1 24
$9.3B
Total Assets
PAAS
PAAS
TDY
TDY
Q4 25
$15.3B
Q3 25
$15.4B
Q2 25
$15.1B
Q1 25
$15.0B
Q4 24
$14.2B
Q3 24
$14.5B
Q2 24
$14.2B
Q1 24
$14.6B
Debt / Equity
PAAS
PAAS
TDY
TDY
Q4 25
0.24×
Q3 25
0.24×
Q2 25
0.25×
Q1 25
0.30×
Q4 24
0.28×
Q3 24
0.29×
Q2 24
0.30×
Q1 24
0.35×

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
TDY
TDY
Operating Cash FlowLast quarter
$379.0M
Free Cash FlowOCF − Capex
$339.2M
FCF MarginFCF / Revenue
21.0%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.38×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAAS
PAAS
TDY
TDY
Q4 25
$379.0M
Q3 25
$343.1M
Q2 25
$226.6M
Q1 25
$242.6M
Q4 24
$332.4M
Q3 24
$249.8M
Q2 24
$318.7M
Q1 24
$291.0M
Free Cash Flow
PAAS
PAAS
TDY
TDY
Q4 25
$339.2M
Q3 25
$313.9M
Q2 25
$196.3M
Q1 25
$224.6M
Q4 24
$303.4M
Q3 24
$228.7M
Q2 24
$301.0M
Q1 24
$275.1M
FCF Margin
PAAS
PAAS
TDY
TDY
Q4 25
21.0%
Q3 25
20.4%
Q2 25
13.0%
Q1 25
15.5%
Q4 24
20.2%
Q3 24
15.8%
Q2 24
21.9%
Q1 24
20.4%
Capex Intensity
PAAS
PAAS
TDY
TDY
Q4 25
2.5%
Q3 25
1.9%
Q2 25
2.0%
Q1 25
1.2%
Q4 24
1.9%
Q3 24
1.5%
Q2 24
1.3%
Q1 24
1.2%
Cash Conversion
PAAS
PAAS
TDY
TDY
Q4 25
1.38×
Q3 25
1.55×
Q2 25
1.08×
Q1 25
1.29×
Q4 24
1.67×
Q3 24
0.95×
Q2 24
1.77×
Q1 24
1.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PAAS
PAAS

Segment breakdown not available.

TDY
TDY

Commercial And Other$681.5M42%
Aerospace And Defense Electronics$275.9M17%
Marine Instrumentation$177.1M11%
United States Government$169.0M10%
Environmental Instrumentation$120.7M7%
Engineered Systems$103.3M6%
Test And Measurement Instrumentation$84.8M5%

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