First Majestic Silver (AG) EBITDA Margin (2010 - 2025)
First Majestic Silver (AG) posted EBITDA Margin of 52.43% for Q4 2025, up 89.55% quarter-over-quarter from 27.66% in Q3 2025, and up 3754.0% year-on-year from 1.36% in Q4 2024.
First Majestic Silver (AG) EBITDA Margin (2010 - 2025) Analysis & Trends
First Majestic Silver (AG) has reported EBITDA Margin for 16 consecutive years, with 52.43% the latest figure, recorded in Q4 2025.
- EBITDA Margin for Q4 2025 came in at 52.43%, up 3754.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 31.58% (up 3225.0% YoY), and the FY2025 annual result was 31.58%, up 3157.0% from the prior year.
- EBITDA Margin was 52.43% for Q4 2025 at First Majestic Silver, up from 27.66% in the prior quarter.
- Over five years, EBITDA Margin peaked at 52.43% in Q4 2025 and troughed at 91.89% in Q1 2023.
- Average EBITDA Margin over 5 years is 2.25%, with a median of 0.58% recorded in 2022.
- Year-over-year, EBITDA Margin surged 8919 bps in 2021 and tumbled 9030 bps in 2023.
- Over 5 years, EBITDA Margin stood at 13.8% in 2021, then sank by 221 bps to 16.76% in 2022, then jumped by 91 bps to 1.45% in 2023, then soared by 1124 bps to 14.89% in 2024, then surged by 252 bps to 52.43% in 2025.
- Per Business Quant data, the three most recent EBITDA Margin figures were 52.43% in Q4 2025, 27.66% in Q3 2025, and 14.94% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Majestic Silver | 8.16 Bn | 7.60 Bn | 237.81 Mn | 52.43% |
| 2 | Endeavour Silver | 2.36 Bn | 2.12 Bn | 93.50 Mn | 53.70% |
| 3 | Silvercorp Metals | 2.21 Bn | 1.95 Bn | 99.96 Bn | 66.57% |
| 4 | New Pacific Metals | 738.90 Mn | 698.64 Mn | - | - |
| 5 | Highlander Silver | 686.31 Mn | 583.11 Mn | 74,000.00 | 102.74% |
| 6 | Bunker Hill Mining | 147.77 Mn | 147.77 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 0.00% |
| 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% |
| Jun 30, 2021 | 10.61% |
| Mar 31, 2021 | 15.41% |