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

First Majestic Silver (AG) posted FCF Margin of 57.38% for Q4 2025, up 44.38% quarter-over-quarter from 39.74% in Q3 2025, and up 2191.0% year-on-year from 2.5% in Q4 2024.

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

First Majestic Silver (AG) has reported FCF Margin for 15 consecutive years, with 57.38% the latest figure, recorded in Q4 2025.

  • FCF Margin for Q4 2025 came in at 57.38%, up 2191.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 41.78% (up 1824.0% YoY), and the FY2025 annual result was 41.78%, up 1824.0% from the prior year.
  • FCF Margin was 57.38% for Q4 2025 at First Majestic Silver, up from 39.74% in the prior quarter.
  • Over five years, FCF Margin peaked at 57.38% in Q4 2025 and troughed at 12.6% in Q4 2022.
  • Average FCF Margin over 5 years is 14.85%, with a median of 12.27% recorded in 2024.
  • Year-over-year, FCF Margin slumped 6321798 bps in 2021 and jumped 4735 bps in 2022.
  • Over 5 years, FCF Margin stood at 36.55% in 2021, then plunged by 134 bps to 12.6% in 2022, then surged by 54 bps to 5.74% in 2023, then surged by 718 bps to 35.47% in 2024, then jumped by 62 bps to 57.38% in 2025.
  • Per Business Quant data, the three most recent FCF Margin figures were 57.38% in Q4 2025, 39.74% in Q3 2025, and 34.12% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 First Majestic Silver 8.16 Bn 7.60 Bn 237.81 Mn 57.38%
2 Endeavour Silver 2.36 Bn 2.12 Bn 93.50 Mn 27.94%
3 Silvercorp Metals 2.21 Bn 1.95 Bn 99.96 Bn -13.34%
4 New Pacific Metals 738.90 Mn 698.64 Mn - -
5 Highlander Silver 686.31 Mn 583.11 Mn 74,000.00 -
6 Bunker Hill Mining 147.77 Mn 147.77 Mn - -

Historic Data

Download Data
DateValue
Dec 31, 2025 57.38%
Sep 30, 2025 39.74%
Jun 30, 2025 34.12%
Mar 31, 2025 22.79%
Dec 31, 2024 35.47%
Sep 30, 2024 28.11%
Jun 30, 2024 12.38%
Mar 31, 2024 12.17%
Dec 31, 2023 0.00%
Sep 30, 2023 14.34%
Jun 30, 2023 14.09%
Mar 31, 2023 -1.16%
Dec 31, 2022 -12.60%
Sep 30, 2022 39.99%
Jun 30, 2022 -7.79%
Mar 31, 2022 -9.53%
Dec 31, 2021 36.55%
Sep 30, 2021 -7.37%
Jun 30, 2021 -9.43%
Mar 31, 2021 9.67%