First Majestic Silver (AG) EBT Margin (2010 - 2025)

First Majestic Silver (AG) posted EBT Margin of 56.4% for Q4 2025, up 142.42% quarter-over-quarter from 23.26% in Q3 2025, and up 4470.0% year-on-year from 1.23% in Q4 2024.

First Majestic Silver (AG) EBT Margin (2010 - 2025) Analysis & Trends

First Majestic Silver (AG) has reported EBT Margin for 16 consecutive years, with 56.4% the latest figure, recorded in Q4 2025.

  • EBT Margin for Q4 2025 came in at 56.4%, up 4470.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 31.42% (up 3614.0% YoY), and the FY2025 annual result was 31.42%, up 3614.0% from the prior year.
  • EBT Margin was 56.4% for Q4 2025 at First Majestic Silver, up from 23.26% in the prior quarter.
  • Over five years, EBT Margin peaked at 56.4% in Q4 2025 and troughed at 93.42% in Q1 2023.
  • Average EBT Margin over 5 years is 5.29%, with a median of 2.17% recorded in 2024.
  • Year-over-year, EBT Margin plunged 9058 bps in 2023 and jumped 6825 bps in 2024.
  • Over 5 years, EBT Margin stood at 9.73% in 2021, then tumbled by 318 bps to 21.23% in 2022, then jumped by 109 bps to 1.9% in 2023, then surged by 516 bps to 11.69% in 2024, then soared by 382 bps to 56.4% in 2025.
  • Per Business Quant data, the three most recent EBT Margin figures were 56.4% in Q4 2025, 23.26% in Q3 2025, and 14.39% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 First Majestic Silver 8.16 Bn 7.60 Bn 237.81 Mn 56.40%
2 Endeavour Silver 2.36 Bn 2.12 Bn 93.50 Mn 40.96%
3 Silvercorp Metals 2.21 Bn 1.95 Bn 99.96 Bn 0.15%
4 New Pacific Metals 738.90 Mn 698.64 Mn - -
5 Highlander Silver 686.31 Mn 583.11 Mn 74,000.00 111.77%
6 Bunker Hill Mining 147.77 Mn 147.77 Mn - -

Historic Data

Download Data
DateValue
Dec 31, 2025 56.40%
Sep 30, 2025 23.26%
Jun 30, 2025 14.39%
Mar 31, 2025 11.91%
Dec 31, 2024 11.69%
Sep 30, 2024 -1.49%
Jun 30, 2024 -13.03%
Mar 31, 2024 -25.17%
Dec 31, 2023 0.07%
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 -6.14%
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%