First Majestic Silver (AG) FCF Margin (2011 - 2025)
First Majestic Silver (AG) reported FCF Margin of 92.36% for Q4 2025, down 12783.0% on a YoY basis from N/an in Q4 2024, and down 746.74% quarter-over-quarter from 14.28% in Q3 2025.
First Majestic Silver (AG) FCF Margin (2011 - 2025) Analysis & Trends
First Majestic Silver has reported FCF Margin for 15 years, with the latest figure at 92.36% in Q4 2025.
- For the quarter ending Q4 2025, FCF Margin fell 12783.0% year-over-year to 92.36%; the trailing twelve-month figure through Dec 2025 stood at 41.78% (up 1824.0% YoY), and the FY2025 full-year result was 41.78%, up 1824.0% from the prior year.
- FCF Margin for Q4 2025 stood at 92.36%, down from 14.28% in the prior quarter.
- The five-year high for FCF Margin was 39.99% in Q3 2022, with the low at 92.36% in Q4 2025.
- Historically, FCF Margin has averaged 6.22% across 5 years, with a median of 12.27% in 2024.
- Annual changes were most pronounced in 2021 — FCF Margin jumped 6641 bps — and 2025, when it slumped 12783 bps.
- First Majestic Silver's FCF Margin stood at 36.55% in 2021, then sank by 134 bps to 12.6% in 2022, then soared by 155 bps to 6.98% in 2023, then surged by 408 bps to 35.47% in 2024, then sank by 360 bps to 92.36% in 2025.
- The last three FCF Margin figures came in at 92.36% (Q4 2025), 14.28% (Q3 2025), and 17.74% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Majestic Silver | 54.32 Bn | 53.75 Bn | -65.31 Mn | -92.36% |
| 2 | Silvercorp Metals | 2.47 Bn | 2.11 Bn | 77.07 Mn | 109.11% |
| 3 | Highlander Silver | 1.88 Bn | 1.80 Bn | 74,000.00 | - |
| 4 | Endeavour Silver | 1,974.55 | -232.10 Mn | 93.50 Mn | -365.47% |
| 5 | New Pacific Metals | 91.50 | -41.94 Mn | - | - |
| 6 | Bunker Hill Mining | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -92.36% |
| Sep 30, 2025 | 14.28% |
| Jun 30, 2025 | 17.74% |
| 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 | 6.98% |
| 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% |