First Majestic Silver (AG) Change in Inventory (2010 - 2026)
First Majestic Silver's (AG) quarterly Change in Inventory came in at -$14.8 million in Q2 2026, down 1668.82% on a YoY basis from $943704.6 in Q2 2025, and down 78.12% quarter-over-quarter from -$8.3 million in Q1 2026.
Analysis
First Majestic Silver (AG) Change in Inventory (2010 - 2026) Analysis & Trends
First Majestic Silver (AG) has reported Change in Inventory for 16 consecutive years, with -$14.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Change in Inventory fell 1668.82% year-over-year to -$14.8 million; the trailing twelve-month figure through Jun 2026 stood at -$33.7 million (down 1887.28% YoY), and the FY2024 full-year result was -$4.4 million, up 16.73% from the prior year.
- Change in Inventory retreated to -$14.8 million in Q2 2026 per AG's latest filing, from -$8.3 million in the prior quarter.
- Across five years, Change in Inventory topped out at $10.6 million in Q2 2023 and bottomed at -$14.8 million in Q2 2026.
- Historically, Change in Inventory has averaged -$2.7 million across 5 years, with a median of -$1.6 million in 2022.
- The sharpest annual moves came in 2023 and 2025: Change in Inventory jumped 772.53% in 2023, then sank 89100.0% in 2025.
- Over 5 years, Change in Inventory stood at -$1.3 million in 2022, then plunged by 495.34% to -$7.8 million in 2023, then soared by 86.77% to -$1.0 million in 2024, then slumped by 850.49% to -$9.8 million in 2025, then sank by 51.23% to -$14.8 million in 2026.
- According to Business Quant data, Change in Inventory over the past three periods registered -$14.8 million, -$8.3 million, and -$9.8 million for Q2 2026, Q1 2026, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Coeur Mining | 20.88 Bn | 19.83 Bn | 535.85 Mn | 24.46 Mn |
| 2 | Pan American Silver | 19.31 Bn | 17.74 Bn | 457,000.00 | - |
| 3 | Hecla Mining | 13.39 Bn | 12.90 Bn | 332.52 Mn | 15.37 Mn |
| 4 | First Majestic Silver | 9.65 Bn | 8.40 Bn | 223.62 Mn | -14.81 Mn |
| 5 | Endeavour Silver | 2.98 Bn | 2.74 Bn | 74.00 Mn | - |
| 6 | Silvercorp Metals | 2.65 Bn | 2.27 Bn | 104.04 Mn | - |
| 7 | Americas Gold & Silver | 1.36 Bn | 1.27 Bn | 22.23 Mn | -3.76 Mn |
| 8 | Vizsla Silver | 1.36 Bn | 1.36 Bn | - | - |
| 9 | New Pacific Metals | 1.00 Bn | 1.00 Bn | - | - |
| 10 | Santacruz Silver Mining | 867.95 Mn | 800.93 Mn | 51.14 Mn | -17.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.81 Mn |
| Mar 31, 2026 | -8.31 Mn |
| Sep 30, 2025 | -9.79 Mn |
| Jun 30, 2025 | -837,000.00 |
| Mar 31, 2025 | 158,000.00 |
| Dec 31, 2024 | -1.03 Mn |
| Sep 30, 2024 | 11,000.00 |
| Jun 30, 2024 | -534,000.00 |
| Mar 31, 2024 | -2.84 Mn |
| Dec 31, 2023 | -7.79 Mn |
| Sep 30, 2023 | -2.46 Mn |
| Jun 30, 2023 | 10.60 Mn |
| Mar 31, 2023 | -5.62 Mn |
| Dec 31, 2022 | -1.31 Mn |
| Sep 30, 2022 | 1.81 Mn |
| Jun 30, 2022 | -1.58 Mn |
| Mar 31, 2022 | -2.38 Mn |
| Dec 31, 2021 | 6.66 Mn |
| Sep 30, 2021 | -15.20 Mn |
| Jun 30, 2021 | 2.74 Mn |