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

First Majestic Silver has reported Gross Margin for 16 years, with the latest figure at 22.66% in Q4 2025.

• For the quarter ending Q4 2025, Gross Margin fell 533.0% year-over-year to 22.66%; the trailing twelve-month figure through Dec 2025 stood at 30.73% (up 410.0% YoY), and the FY2025 full-year result was 35.8%, up 1941.0% from the prior year.
• Gross Margin for Q4 2025 stood at 22.66%, down from 26.76% in the prior quarter.
• The five-year high for Gross Margin was 51.74% in Q1 2025, with the low at 8.95% in Q4 2022.
• Historically, Gross Margin has averaged 17.61% across 5 years, with a median of 19.4% in 2021.
• Annual changes were most pronounced in 2021 — Gross Margin plunged 3534 bps — and 2024, when it jumped 3156 bps.
• First Majestic Silver's Gross Margin stood at 19.7% in 2021, then plunged by 145 bps to 8.95% in 2022, then surged by 246 bps to 13.07% in 2023, then surged by 114 bps to 27.99% in 2024, then retreated by 19 bps to 22.66% in 2025.
• The last three Gross Margin figures came in at 22.66% (Q4 2025), 26.76% (Q3 2025), and 22.27% (Q2 2025), per Business Quant data.