First Majestic Silver (AG) EV to FCF (2011 - 2026)
First Majestic Silver's (AG) EV to FCF was 8.45 for the quarter ended Jun 30, 2026, up 5.5% from 8.01 a year earlier but down 33.7% from the prior quarter.
First Majestic Silver (AG) EV to FCF (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, First Majestic Silver's EV to FCF came in at 5.42, down 13.3% year-over-year; for the year ended Dec 31, 2025, it came in at 12.96, up 58.6% from the prior year.
- By year, EV to FCF came in at 8.17 in the year ended Dec 31, 2024 (-75.4%), 33.22 in the year ended Dec 31, 2023 (+24.3%), 26.73 in the year ended Dec 31, 2022 (+27.6%) and 20.95 in the year ended Dec 31, 2021 (-3.7%).
- Five-year quarterly EV to FCF spans a low of 8.01 in the quarter ended Jun 30, 2025 and a high of 33.93 in the quarter ended Mar 31, 2022.
- Year over year, EV to FCF has now increased in each of the last three quarters, with an average decline of 14.7% over the last eight quarters.
- The high point for year-over-year EV to FCF in five years was the quarter ended Sep 30, 2021 (growth of 130.1%); the low point was the quarter ended Dec 31, 2024 (a decline of 75.4%).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 12.75 (quarter ended Mar 31, 2026), 12.96 (quarter ended Dec 31, 2025) and 9.14 (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - |
| 10 | First Majestic Silver | 8.69 Bn | 5.16 Bn | 223.62 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.45 |
| Mar 31, 2026 | 12.75 |
| Dec 31, 2025 | 12.96 |
| Sep 30, 2025 | 9.14 |
| Jun 30, 2025 | 8.01 |
| Mar 31, 2025 | 9.28 |
| Dec 31, 2024 | 8.17 |
| Sep 30, 2024 | 30.69 |
| Jun 30, 2024 | 25.28 |
| Mar 31, 2024 | 23.72 |
| Dec 31, 2023 | 33.22 |
| Sep 30, 2023 | 19.75 |
| Jun 30, 2023 | 11.44 |
| Mar 31, 2023 | 18.96 |
| Dec 31, 2022 | 26.73 |
| Sep 30, 2022 | 9.56 |
| Jun 30, 2022 | 15.96 |
| Mar 31, 2022 | 33.93 |
| Dec 31, 2021 | 20.95 |
| Sep 30, 2021 | 33.36 |
First Majestic Silver EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=AG&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "AG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=AG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();