First Majestic Silver (AG) Return on Capital Employed (2010 - 2025)

First Majestic Silver (AG) posted Return on Capital Employed of 9.91% for Q4 2025, up 117.39% quarter-over-quarter from 4.56% in Q3 2025, and up 1011.0% year-on-year from 0.89% in Q4 2024.

First Majestic Silver (AG) Return on Capital Employed (2010 - 2025) Analysis & Trends

First Majestic Silver (AG) has reported Return on Capital Employed for 16 consecutive years, with 9.91% the latest figure, recorded in Q4 2025.

  • Return on Capital Employed for Q4 2025 came in at 9.91%, up 1011.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 9.91% (up 1011.0% YoY), and the FY2025 annual result was 13.8%, up 1380.0% from the prior year.
  • Return on Capital Employed was 9.91% for Q4 2025 at First Majestic Silver, up from 4.56% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 9.91% in Q4 2025 and troughed at 19.61% in Q3 2023.
  • Average Return on Capital Employed over 5 years is 0.83%, with a median of 0.73% recorded in 2022.
  • Year-over-year, Return on Capital Employed sank 2026 bps in 2023 and jumped 1822 bps in 2024.
  • Over 5 years, Return on Capital Employed stood at 2.57% in 2021, then plunged by 183 bps to 2.13% in 2022, then surged by 94 bps to 0.13% in 2023, then sank by 52 bps to 0.2% in 2024, then soared by 5031 bps to 9.91% in 2025.
  • Per Business Quant data, the three most recent Return on Capital Employed figures were 9.91% in Q4 2025, 4.56% in Q3 2025, and 2.71% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 First Majestic Silver 8.16 Bn 7.60 Bn 237.81 Mn 9.91%
2 Endeavour Silver 2.36 Bn 2.12 Bn 93.50 Mn 15.46%
3 Silvercorp Metals 2.21 Bn 1.95 Bn 99.96 Bn 28.04%
4 New Pacific Metals 738.90 Mn 698.64 Mn - -
5 Highlander Silver 686.31 Mn 583.11 Mn 74,000.00 -
6 Bunker Hill Mining 147.77 Mn 147.77 Mn - -9.23%

Historic Data

Download Data
DateValue
Dec 31, 2025 9.91%
Sep 30, 2025 4.56%
Jun 30, 2025 2.71%
Mar 31, 2025 1.81%
Dec 31, 2024 -0.20%
Sep 30, 2024 -1.39%
Jun 30, 2024 -2.65%
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%
Mar 31, 2021 4.87%