First Majestic Silver (AG) Net Margin (2010 - 2025)
First Majestic Silver (AG) reported Net Margin of 9.04% for Q4 2025, up 14511.0% on a YoY basis from N/an in Q4 2024, and down 187.69% quarter-over-quarter from 10.31% in Q3 2025.
First Majestic Silver (AG) Net Margin (2010 - 2025) Analysis & Trends
First Majestic Silver has reported Net Margin for 16 years, with the latest figure at 9.04% in Q4 2025.
- For the quarter ending Q4 2025, Net Margin rose 14511.0% year-over-year to 9.04%; the trailing twelve-month figure through Dec 2025 stood at 13.12% (up 3129.0% YoY), and the FY2025 full-year result was 13.12%, up 3129.0% from the prior year.
- Net Margin for Q4 2025 stood at 9.04%, down from 10.31% in the prior quarter.
- The five-year high for Net Margin was 60.52% in Q3 2024, with the low at 154.16% in Q4 2024.
- Historically, Net Margin has averaged 12.91% across 5 years, with a median of 5.49% in 2025.
- Annual changes were most pronounced in 2024 — Net Margin slumped 16163 bps — and 2025, when it soared 14511 bps.
- First Majestic Silver's Net Margin stood at 1.94% in 2021, then slumped by 486 bps to 11.35% in 2022, then soared by 166 bps to 7.47% in 2023, then sank by 2163 bps to 154.16% in 2024, then surged by 94 bps to 9.04% in 2025.
- The last three Net Margin figures came in at 9.04% (Q4 2025), 10.31% (Q3 2025), and 10.79% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Majestic Silver | 54.32 Bn | 53.75 Bn | -65.31 Mn | -9.04% |
| 2 | Silvercorp Metals | 2.47 Bn | 2.11 Bn | 77.07 Mn | 38,006.69% |
| 3 | Highlander Silver | 1.88 Bn | 1.80 Bn | 74,000.00 | 112.20% |
| 4 | Endeavour Silver | 1,974.55 | -232.10 Mn | 93.50 Mn | 24.85% |
| 5 | New Pacific Metals | 91.50 | -41.94 Mn | - | - |
| 6 | Bunker Hill Mining | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -9.04% |
| Sep 30, 2025 | 10.31% |
| Jun 30, 2025 | 10.79% |
| Mar 31, 2025 | 0.93% |
| Dec 31, 2024 | -154.16% |
| Sep 30, 2024 | 60.52% |
| Jun 30, 2024 | 45.40% |
| Mar 31, 2024 | 12.79% |
| Dec 31, 2023 | 7.47% |
| Sep 30, 2023 | -17.58% |
| Jun 30, 2023 | -19.01% |
| Mar 31, 2023 | -93.46% |
| Dec 31, 2022 | -11.35% |
| Sep 30, 2022 | -21.55% |
| Jun 30, 2022 | -52.71% |
| Mar 31, 2022 | -10.16% |
| Dec 31, 2021 | -1.94% |
| Sep 30, 2021 | -21.24% |
| Jun 30, 2021 | 4.04% |
| Mar 31, 2021 | 1.85% |