First Majestic Silver (AG) Net Margin (2010 - 2026)
First Majestic Silver's (AG) quarterly Net Margin came in at 26.34% in Q2 2026, up 645.0% YoY from 3.54% in Q2 2025, and up 46.98% on a QoQ basis from 17.92% in Q4 2025.
First Majestic Silver (AG) Net Margin (2010 - 2026) Analysis & Trends
First Majestic Silver (AG) has 16 years of Net Margin data on file, last reported at 26.34% in Q2 2026.
- Quarterly Net Margin rose 645.0% year-over-year to 26.34% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 19.04% (up 3222.0% YoY) and the FY2025 annual result came in at 13.12%, up 3129.0% from the prior year.
- Net Margin rose to 26.34% in Q2 2026, from 17.92% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 35.44% in Q2 2024 to a low of 110.42% in Q4 2024.
- A 5-year average of 8.75% and a median of 0.93% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2024 — Net Margin tumbled 11407 bps — and 2025, when it soared 12834 bps.
- Tracing AG's Net Margin over 5 years: stood at 45.91% in 2022, then jumped by 108 bps to 3.65% in 2023, then slumped by 3127 bps to 110.42% in 2024, then soared by 116 bps to 17.92% in 2025, then jumped by 47 bps to 26.34% in 2026.
- The last three Net Margin figures came in at 26.34% (Q2 2026), 17.92% (Q4 2025), and 9.46% (Q3 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 | 10.46 Bn | 9.21 Bn | 223.62 Mn | 26.34% |
| 2 | Endeavour Silver | 3.24 Bn | 3.01 Bn | 74.00 Mn | 32.44% |
| 3 | Silvercorp Metals | 2.80 Bn | 2.41 Bn | 84.75 Mn | 42.82% |
| 4 | New Pacific Metals | 1.26 Bn | 1.22 Bn | - | - |
| 5 | Highlander Silver | 1.08 Bn | 978.81 Mn | 491,000.00 | -36.54% |
| 6 | Bunker Hill Mining | 181.61 Mn | 181.61 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.34% |
| Dec 31, 2025 | 17.92% |
| Sep 30, 2025 | 9.46% |
| Jun 30, 2025 | 19.89% |
| Mar 31, 2025 | 0.93% |
| Dec 31, 2024 | -110.42% |
| Sep 30, 2024 | 18.20% |
| Jun 30, 2024 | 35.44% |
| Mar 31, 2024 | 12.79% |
| Dec 31, 2023 | 3.65% |
| Sep 30, 2023 | -20.51% |
| Jun 30, 2023 | -19.01% |
| Mar 31, 2023 | -64.09% |
| Dec 31, 2022 | -45.91% |
| Sep 30, 2022 | -4.02% |
| Jun 30, 2022 | -19.31% |
| Mar 31, 2022 | -10.16% |
| Dec 31, 2021 | -1.94% |
| Sep 30, 2021 | -21.24% |
| Jun 30, 2021 | 4.04% |