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% on a YoY basis from 3.54% in Q2 2025, and down 1.99% quarter-over-quarter from 26.87% in Q1 2026.
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Analysis
First Majestic Silver (AG) Net Margin (2010 - 2026) Analysis & Trends
First Majestic Silver (AG) has reported Net Margin for 17 consecutive years, with 26.34% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 645.0% year-over-year to 26.34%; the trailing twelve-month figure through Jun 2026 stood at 21.18% (up 3436.0% YoY), and the FY2025 full-year result was 13.12%, up 3129.0% from the prior year.
- Net Margin fell to 26.34% in Q2 2026 per AG's latest filing, from 26.87% in the prior quarter.
- Across five years, Net Margin topped out at 35.44% in Q2 2024 and bottomed at 115.08% in Q4 2023.
- Historically, Net Margin has averaged 14.79% across 5 years, with a median of 4.62% in 2025.
- The sharpest annual moves came in 2023 and 2025: Net Margin tumbled 9045 bps in 2023, then jumped 12834 bps in 2025.
- Over 5 years, Net Margin stood at 24.63% in 2022, then plunged by 367 bps to 115.08% in 2023, then grew by 4 bps to 110.42% in 2024, then surged by 116 bps to 17.92% in 2025, then soared by 47 bps to 26.34% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 26.34%, 26.87%, and 17.92% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coeur Mining | 21.86 Bn | 20.80 Bn | 535.85 Mn | 11.22% |
| 2 | Pan American Silver | 21.66 Bn | 20.09 Bn | 457,000.00 | 27.05% |
| 3 | Hecla Mining | 13.89 Bn | 13.40 Bn | 332.52 Mn | 35.27% |
| 4 | First Majestic Silver | 10.30 Bn | 9.46 Bn | 223.62 Mn | 26.34% |
| 5 | Endeavour Silver | 2.92 Bn | 2.68 Bn | 74.00 Mn | 32.44% |
| 6 | Silvercorp Metals | 2.75 Bn | 2.56 Bn | 104.04 Mn | 42.82% |
| 7 | Americas Gold & Silver | 1.72 Bn | 1.63 Bn | 22.23 Mn | 10.12% |
| 8 | Vizsla Silver | 1.41 Bn | 1.41 Bn | - | - |
| 9 | New Pacific Metals | 1.06 Bn | 1.06 Bn | - | - |
| 10 | Santacruz Silver Mining | 918.47 Mn | 851.45 Mn | 51.14 Mn | 79.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.34% |
| Mar 31, 2026 | 26.87% |
| 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 | -115.08% |
| Sep 30, 2023 | -20.51% |
| Jun 30, 2023 | -19.01% |
| Mar 31, 2023 | -93.46% |
| Dec 31, 2022 | -24.63% |
| Sep 30, 2022 | -21.55% |
| Jun 30, 2022 | -19.31% |
| Mar 31, 2022 | -10.16% |
| Dec 31, 2021 | -1.86% |
| Sep 30, 2021 | -21.24% |