First Majestic Silver AG
NYSE AG
$20.39 -0.79 (-3.73%)
As of: Sep 10, 2026 · 11:57 AM EDT

First Majestic Silver (AG) EBITDA Margin (2010 - 2026)

First Majestic Silver's (AG) quarterly EBITDA Margin came in at 47.54% in Q2 2026, up 3260.0% on a YoY basis from 1.41% in Q2 2025, and down 4.38% quarter-over-quarter from 49.72% in Q1 2026.

Analysis

First Majestic Silver (AG) EBITDA Margin (2010 - 2026) Analysis & Trends

First Majestic Silver (AG) has reported EBITDA Margin for 17 consecutive years, with 47.54% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, EBITDA Margin rose 3260.0% year-over-year to 47.54%; the trailing twelve-month figure through Jun 2026 stood at 46.1% (up 3342.0% YoY), and the FY2025 full-year result was 31.58%, up 3225.0% from the prior year.
  • EBITDA Margin declined to 47.54% in Q2 2026 per AG's latest filing, from 49.72% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 52.43% in Q4 2025 and bottomed at 91.89% in Q1 2023.
  • Historically, EBITDA Margin has averaged 2.8% across 5 years, with a median of 0.35% in 2022.
  • The sharpest annual moves came in 2023 and 2024: EBITDA Margin slumped 9030 bps in 2023, then soared 7374 bps in 2024.
  • Over 5 years, EBITDA Margin stood at 16.76% in 2022, then soared by 91 bps to 1.44% in 2023, then soared by 1133 bps to 14.89% in 2024, then jumped by 252 bps to 52.43% in 2025, then dropped by 9 bps to 47.54% in 2026.
  • According to Business Quant data, EBITDA Margin over the past three periods registered 47.54%, 49.72%, and 52.43% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Coeur Mining 21.11 Bn 20.06 Bn 535.85 Mn 19.94%
2 Pan American Silver 19.52 Bn 17.95 Bn 457,000.00 44.22%
3 Hecla Mining 13.59 Bn 13.10 Bn 332.52 Mn 43.64%
4 First Majestic Silver 9.78 Bn 8.53 Bn 223.62 Mn 47.54%
5 Endeavour Silver 3.02 Bn 2.78 Bn 74.00 Mn 52.29%
6 Silvercorp Metals 2.68 Bn 2.30 Bn 104.04 Mn 61.12%
7 Americas Gold & Silver 1.39 Bn 1.30 Bn 22.23 Mn 67.53%
8 Vizsla Silver 1.34 Bn 1.34 Bn - -
9 New Pacific Metals 1.00 Bn 1.00 Bn - -
10 Santacruz Silver Mining 884.41 Mn 817.40 Mn 51.14 Mn 70.07%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 47.54%
Mar 31, 2026 49.72%
Dec 31, 2025 52.43%
Sep 30, 2025 27.66%
Jun 30, 2025 14.94%
Mar 31, 2025 14.56%
Dec 31, 2024 14.89%
Sep 30, 2024 2.84%
Jun 30, 2024 -10.52%
Mar 31, 2024 -18.15%
Dec 31, 2023 -1.44%
Sep 30, 2023 -13.61%
Jun 30, 2023 -12.85%
Mar 31, 2023 -91.89%
Dec 31, 2022 -16.76%
Sep 30, 2022 -9.56%
Jun 30, 2022 2.14%
Mar 31, 2022 -1.59%
Dec 31, 2021 13.80%
Sep 30, 2021 -8.75%