First Majestic Silver (AG) Return on Invested Capital [ROIC] (2011 - 2026)
First Majestic Silver (AG) posted Return on Invested Capital [ROIC] of 12.84% for the quarter ended Jun 30, 2026, up 12.67 percentage points from 0.17% a year earlier and up 2.63 percentage points from the prior quarter.
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Analysis
First Majestic Silver (AG) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, First Majestic Silver's Return on Invested Capital [ROIC] came in at 8.44%, up 8.68 percentage points from the prior year.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +5.00 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, First Majestic Silver's Return on Invested Capital [ROIC] was -0.24% in the year ended Dec 31, 2024 (+10.93 pp), -11.17% in the year ended Dec 31, 2023 (-11.38 pp), 0.20% in the year ended Dec 31, 2022 (+0.20 pp) and 0.00% in the year ended Dec 31, 2021 (-3.44 pp).
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Return on Invested Capital [ROIC] since the quarter ended Mar 31, 2012.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased in each of the last ten quarters, with an average year-over-year change of +6.67 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was the quarter ended Jun 30, 2026, with a gain of 12.67 percentage points; the weakest was the quarter ended Sep 30, 2023, with a drop of 9.25 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 10.22% (quarter ended Mar 31, 2026), 6.55% (quarter ended Dec 31, 2025) and 2.21% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | - |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 7.86% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 4.89% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 11.56% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 35.18% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 29.31% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 11.01% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.54% |
| 10 | First Majestic Silver | 8.69 Bn | 5.16 Bn | 223.62 Mn | 12.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.84% |
| Mar 31, 2026 | 10.22% |
| Dec 31, 2025 | 6.55% |
| Sep 30, 2025 | 2.21% |
| Jun 30, 2025 | 0.17% |
| Mar 31, 2025 | 0.00% |
| Dec 31, 2024 | -0.24% |
| Sep 30, 2024 | -1.62% |
| Jun 30, 2024 | -2.99% |
| Mar 31, 2024 | -2.19% |
| Dec 31, 2023 | -8.12% |
| Sep 30, 2023 | -8.22% |
| Jun 30, 2023 | -6.38% |
| Mar 31, 2023 | -6.95% |
| Dec 31, 2022 | 0.00% |
| Sep 30, 2022 | 1.03% |
| Jun 30, 2022 | 1.30% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 0.00% |
| Sep 30, 2021 | 1.58% |
API Access
First Majestic Silver Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=AG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "AG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=AG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();