First Majestic Silver (AG) EBITDA (2010 - 2025)
First Majestic Silver (AG) reported EBITDA of $132.7 million for Q4 2025, up 417.27% on a YoY basis from $25.7 million in Q4 2024, and down 13.72% quarter-over-quarter from $153.8 million in Q3 2025.
First Majestic Silver (AG) EBITDA (2010 - 2025) Analysis & Trends
First Majestic Silver has reported EBITDA for 16 years, with the latest figure at $132.7 million in Q4 2025.
- For the quarter ending Q4 2025, EBITDA rose 417.27% year-over-year to $132.7 million; the trailing twelve-month figure through Dec 2025 stood at $397.1 million (up 802.04% YoY), and the FY2025 full-year result was $397.1 million, up 10674.35% from the prior year.
- EBITDA for Q4 2025 stood at $132.7 million, down from $153.8 million in the prior quarter.
- The five-year high for EBITDA was $153.8 million in Q3 2025, with the low at -$144.2 million in Q1 2023.
- Historically, EBITDA has averaged $8.6 million across 5 years, with a median of -$33500.0 in 2022.
- Annual changes were most pronounced in 2021 — EBITDA surged 3831.47% — and 2023, when it sank 5689.8%.
- First Majestic Silver's EBITDA stood at $28.3 million in 2021, then sank by 187.86% to -$24.8 million in 2022, then jumped by 109.76% to $2.4 million in 2023, then jumped by 958.58% to $25.7 million in 2024, then soared by 417.27% to $132.7 million in 2025.
- The last three EBITDA figures came in at $132.7 million (Q4 2025), $153.8 million (Q3 2025), and $75.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | First Majestic Silver | 54.32 Bn | 53.75 Bn | -65.31 Mn | 132.73 Mn |
| 2 | Silvercorp Metals | 2.47 Bn | 2.11 Bn | 77.07 Mn | 66.74 Bn |
| 3 | Highlander Silver | 1.88 Bn | 1.80 Bn | 74,000.00 | 18.83 Mn |
| 4 | Endeavour Silver | 1,974.55 | -232.10 Mn | 93.50 Mn | 112.60 Mn |
| 5 | New Pacific Metals | 91.50 | -41.94 Mn | - | - |
| 6 | Bunker Hill Mining | - | - | - | 21.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 132.73 Mn |
| Sep 30, 2025 | 153.84 Mn |
| Jun 30, 2025 | 74.99 Mn |
| Mar 31, 2025 | 35.51 Mn |
| Dec 31, 2024 | 25.66 Mn |
| Sep 30, 2024 | -29.42 Mn |
| Jun 30, 2024 | -33.56 Mn |
| Mar 31, 2024 | -19.24 Mn |
| Dec 31, 2023 | 2.42 Mn |
| Sep 30, 2023 | -18.13 Mn |
| Jun 30, 2023 | -18.85 Mn |
| Mar 31, 2023 | -144.22 Mn |
| Dec 31, 2022 | -24.84 Mn |
| Sep 30, 2022 | -15.28 Mn |
| Jun 30, 2022 | 3.42 Mn |
| Mar 31, 2022 | -2.49 Mn |
| Dec 31, 2021 | 28.27 Mn |
| Sep 30, 2021 | -10.91 Mn |
| Jun 30, 2021 | 16.35 Mn |
| Mar 31, 2021 | 15.49 Mn |