First Majestic Silver (AG) Net Margin (2010 - 2025)
First Majestic Silver (AG) posted Net Margin of 17.92% for Q4 2025, up 89.35% quarter-over-quarter from 9.46% in Q3 2025, and up 12834.0% year-on-year from N/an in Q4 2024.
First Majestic Silver (AG) Net Margin (2010 - 2025) Analysis & Trends
First Majestic Silver (AG) has reported Net Margin for 16 consecutive years, with 17.92% the latest figure, recorded in Q4 2025.
- Net Margin for Q4 2025 came in at 17.92%, up 12834.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 13.12% (up 3129.0% YoY), and the FY2025 annual result was 13.12%, up 3129.0% from the prior year.
- Net Margin was 17.92% for Q4 2025 at First Majestic Silver, up from 9.46% in the prior quarter.
- Over five years, Net Margin peaked at 244.07% in Q4 2022 and troughed at 197.51% in Q1 2023.
- Average Net Margin over 5 years is 32.44%, with a median of 22.61% recorded in 2023.
- Year-over-year, Net Margin soared 24600 bps in 2022 and plunged 34521 bps in 2023.
- Over 5 years, Net Margin stood at 1.94% in 2021, then surged by 12692 bps to 244.07% in 2022, then tumbled by 141 bps to 101.15% in 2023, then decreased by 9 bps to 110.42% in 2024, then soared by 116 bps to 17.92% in 2025.
- Per Business Quant data, the three most recent Net Margin figures were 17.92% in Q4 2025, 9.46% in Q3 2025, and 19.89% in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Majestic Silver | 8.16 Bn | 7.60 Bn | 237.81 Mn | 17.92% |
| 2 | Endeavour Silver | 2.36 Bn | 2.12 Bn | 93.50 Mn | 0.00% |
| 3 | Silvercorp Metals | 2.21 Bn | 1.95 Bn | 99.96 Bn | 40.21% |
| 4 | New Pacific Metals | 738.90 Mn | 698.64 Mn | - | - |
| 5 | Highlander Silver | 686.31 Mn | 583.11 Mn | 74,000.00 | 0.00% |
| 6 | Bunker Hill Mining | 147.77 Mn | 147.77 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 17.92% |
| Sep 30, 2025 | 9.46% |
| Jun 30, 2025 | 19.89% |
| Mar 31, 2025 | 0.93% |
| Dec 31, 2024 | 0.00% |
| Sep 30, 2024 | 0.00% |
| Jun 30, 2024 | 0.00% |
| Mar 31, 2024 | 0.00% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | 0.00% |
| Mar 31, 2023 | 0.00% |
| Dec 31, 2022 | 0.00% |
| Sep 30, 2022 | 0.00% |
| Jun 30, 2022 | 0.00% |
| Mar 31, 2022 | -93.23% |
| Dec 31, 2021 | -70.57% |
| Sep 30, 2021 | -113.06% |
| Jun 30, 2021 | -70.16% |
| Mar 31, 2021 | -63.51% |
| Dec 31, 2020 | -42.52% |