First Majestic Silver (AG) Gross Margin (2010 - 2026)
First Majestic Silver's Gross Margin was 53.82% in the quarter ended Jun 30, 2026, up 35.14 percentage points from 18.68% a year earlier but down 2.11 percentage points from the prior quarter.
First Majestic Silver (AG) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Majestic Silver's Gross Margin was 50.40% through Jun 30, 2026, up 27.42 percentage points year-over-year; for the year ended Dec 31, 2025, it was 35.80%, up 19.41 percentage points from the prior year.
- Gross Margin has now increased for three consecutive years, with a five-year change of +6.93 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Gross Margin was 16.39% in the year ended Dec 31, 2024 (+6.85 pp), 9.54% in the year ended Dec 31, 2023 (+6.86 pp), 2.68% in the year ended Dec 31, 2022 (-14.68 pp) and 17.36% in the year ended Dec 31, 2021 (-11.51 pp).
- Quarterly Gross Margin has moved between -8.95% (the quarter ended Dec 31, 2022) and 55.93% (the quarter ended Mar 31, 2026) over five years.
- Compared with a year earlier, Gross Margin has increased for 12 straight quarters, with an average year-over-year change of +17.19 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was the quarter ended Jun 30, 2026 (a gain of 35.14 percentage points); the worst was the quarter ended Sep 30, 2021 (a drop of 35.34 percentage points).
- Per Business Quant data, AG's Gross Margin in the three quarters before the quarter ended Jun 30, 2026 was 55.93% (quarter ended Mar 31, 2026), 51.26% (quarter ended Dec 31, 2025) and 34.76% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 67.60% |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 65.87% |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 21.68% |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 31.10% |
| 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 | 54.74% |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 19.56% |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | - |
| 10 | First Majestic Silver | 8.69 Bn | 5.16 Bn | 223.62 Mn | 53.82% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 53.82% |
| Mar 31, 2026 | 55.93% |
| Dec 31, 2025 | 51.26% |
| Sep 30, 2025 | 34.76% |
| Jun 30, 2025 | 18.68% |
| Mar 31, 2025 | 26.16% |
| Dec 31, 2024 | 27.99% |
| Sep 30, 2024 | 19.52% |
| Jun 30, 2024 | 11.36% |
| Mar 31, 2024 | 24.08% |
| Dec 31, 2023 | 13.07% |
| Sep 30, 2023 | 9.78% |
| Jun 30, 2023 | 0.78% |
| Mar 31, 2023 | 21.08% |
| Dec 31, 2022 | -8.95% |
| Sep 30, 2022 | 2.09% |
| Jun 30, 2022 | 7.28% |
| Mar 31, 2022 | 9.61% |
| Dec 31, 2021 | 19.70% |
| Sep 30, 2021 | 2.82% |
First Majestic Silver Gross Margin 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=gross-margin&ticker=AG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=AG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();