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
DateValue
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%