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| Date | Value |
|---|---|
| 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% |