First Majestic Silver (AG) Return on Capital Employed (2010 - 2025)
First Majestic Silver (AG) reported Return on Capital Employed of 9.91% for Q4 2025, up 1294.0% on a YoY basis from 0.71% in Q4 2024, and up 34.56% quarter-over-quarter from 7.37% in Q3 2025.
First Majestic Silver (AG) Return on Capital Employed (2010 - 2025) Analysis & Trends
First Majestic Silver has reported Return on Capital Employed for 16 years, with the latest figure at 9.91% in Q4 2025.
- For the quarter ending Q4 2025, Return on Capital Employed rose 1294.0% year-over-year to 9.91%; the trailing twelve-month figure through Dec 2025 stood at 9.91% (up 1294.0% YoY), and the FY2025 full-year result was 13.8%, up 1380.0% from the prior year.
- Return on Capital Employed for Q4 2025 stood at 9.91%, up from 7.37% in the prior quarter.
- The five-year high for Return on Capital Employed was 9.91% in Q4 2025, with the low at 10.94% in Q3 2023.
- Historically, Return on Capital Employed has averaged 0.48% across 5 years, with a median of 0.02% in 2024.
- Annual changes were most pronounced in 2023 — Return on Capital Employed slumped 1179 bps — and 2025, when it soared 1294 bps.
- First Majestic Silver's Return on Capital Employed stood at 2.57% in 2021, then tumbled by 180 bps to 2.05% in 2022, then surged by 97 bps to 0.07% in 2023, then plunged by 4268 bps to 3.03% in 2024, then surged by 427 bps to 9.91% in 2025.
- The last three Return on Capital Employed figures came in at 9.91% (Q4 2025), 7.37% (Q3 2025), and 2.76% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | First Majestic Silver | 54.32 Bn | 53.75 Bn | -65.31 Mn | 9.91% |
| 2 | Silvercorp Metals | 2.47 Bn | 2.11 Bn | 77.07 Mn | 16.15% |
| 3 | Highlander Silver | 1.88 Bn | 1.80 Bn | 74,000.00 | - |
| 4 | Endeavour Silver | 1,974.55 | -232.10 Mn | 93.50 Mn | 11.60% |
| 5 | New Pacific Metals | 91.50 | -41.94 Mn | - | - |
| 6 | Bunker Hill Mining | - | - | - | -9.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 9.91% |
| Sep 30, 2025 | 7.37% |
| Jun 30, 2025 | 2.76% |
| Mar 31, 2025 | -0.06% |
| Dec 31, 2024 | -3.03% |
| Sep 30, 2024 | -4.10% |
| Jun 30, 2024 | -3.68% |
| Mar 31, 2024 | -0.02% |
| Dec 31, 2023 | -0.07% |
| Sep 30, 2023 | -10.94% |
| Jun 30, 2023 | -10.85% |
| Mar 31, 2023 | -9.49% |
| Dec 31, 2022 | -2.05% |
| Sep 30, 2022 | 0.74% |
| Jun 30, 2022 | 0.94% |
| Mar 31, 2022 | 1.58% |
| Dec 31, 2021 | 2.57% |
| Sep 30, 2021 | 2.66% |
| Jun 30, 2021 | 6.61% |
| Sep 30, 2020 | 1.04% |