First Majestic Silver (AG) EBT Margin (2010 - 2025)
First Majestic Silver (AG) reported EBT Margin of 57.44% for Q4 2025, down 6913.0% on a YoY basis from 0.84% in Q4 2024, and down 441.56% quarter-over-quarter from 16.82% in Q3 2025.
First Majestic Silver (AG) EBT Margin (2010 - 2025) Analysis & Trends
First Majestic Silver has reported EBT Margin for 16 years, with the latest figure at 57.44% in Q4 2025.
- For the quarter ending Q4 2025, EBT Margin fell 6913.0% year-over-year to 57.44%; the trailing twelve-month figure through Dec 2025 stood at 31.42% (up 4883.0% YoY), and the FY2025 full-year result was 31.42%, up 3614.0% from the prior year.
- EBT Margin for Q4 2025 stood at 57.44%, down from 16.82% in the prior quarter.
- The five-year high for EBT Margin was 16.82% in Q3 2025, with the low at 93.42% in Q1 2023.
- Historically, EBT Margin has averaged 12.46% across 5 years, with a median of 7.98% in 2022.
- Annual changes were most pronounced in 2023 — EBT Margin slumped 9058 bps — and 2024, when it surged 6825 bps.
- First Majestic Silver's EBT Margin stood at 9.73% in 2021, then plunged by 318 bps to 21.23% in 2022, then jumped by 89 bps to 2.31% in 2023, then surged by 606 bps to 11.69% in 2024, then plunged by 591 bps to 57.44% in 2025.
- The last three EBT Margin figures came in at 57.44% (Q4 2025), 16.82% (Q3 2025), and 13.2% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Majestic Silver | 54.32 Bn | 53.75 Bn | -65.31 Mn | -57.44% |
| 2 | Silvercorp Metals | 2.47 Bn | 2.11 Bn | 77.07 Mn | 69.26% |
| 3 | Highlander Silver | 1.88 Bn | 1.80 Bn | 74,000.00 | 111.77% |
| 4 | Endeavour Silver | 1,974.55 | -232.10 Mn | 93.50 Mn | 40.96% |
| 5 | New Pacific Metals | 91.50 | -41.94 Mn | - | - |
| 6 | Bunker Hill Mining | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -57.44% |
| Sep 30, 2025 | 16.82% |
| Jun 30, 2025 | 13.20% |
| Mar 31, 2025 | 11.91% |
| Dec 31, 2024 | 11.69% |
| Sep 30, 2024 | -31.90% |
| Jun 30, 2024 | -32.62% |
| Mar 31, 2024 | -25.17% |
| Dec 31, 2023 | -2.31% |
| Sep 30, 2023 | -17.71% |
| Jun 30, 2023 | -15.36% |
| Mar 31, 2023 | -93.42% |
| Dec 31, 2022 | -21.23% |
| Sep 30, 2022 | -12.62% |
| Jun 30, 2022 | -3.35% |
| Mar 31, 2022 | -2.84% |
| Dec 31, 2021 | 9.73% |
| Sep 30, 2021 | -15.89% |
| Jun 30, 2021 | 10.75% |
| Mar 31, 2021 | 8.52% |