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
DateValue
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%