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

First Majestic Silver (AG) has reported Gross Margin for 16 consecutive years, with 51.26% the latest figure, recorded in Q4 2025.

• Gross Margin for Q4 2025 came in at 51.26%, up 2327.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 40.76% (up 1408.0% YoY), and the FY2025 annual result was 35.8%, up 1941.0% from the prior year.
• Gross Margin was 51.26% for Q4 2025 at First Majestic Silver, up from 34.76% in the prior quarter.
• Over five years, Gross Margin peaked at 51.74% in Q1 2025 and troughed at 8.95% in Q4 2022.
• Average Gross Margin over 5 years is 18.87%, with a median of 18.89% recorded in 2021.
• Year-over-year, Gross Margin slumped 3534 bps in 2021 and surged 3957 bps in 2024.
• Over 5 years, Gross Margin stood at 19.7% in 2021, then tumbled by 145 bps to 8.95% in 2022, then soared by 285 bps to 16.57% in 2023, then soared by 69 bps to 27.99% in 2024, then surged by 83 bps to 51.26% in 2025.
• Per Business Quant data, the three most recent Gross Margin figures were 51.26% in Q4 2025, 34.76% in Q3 2025, and 18.68% in Q2 2025.