First Majestic Silver (AG) Tax Rate (2010 - 2025)
First Majestic Silver (AG) reported Tax Rate of 72.44% for Q4 2025, down 9445.0% on a YoY basis from 0.78% in Q4 2024, and up 313.68% quarter-over-quarter from 17.51% in Q3 2025.
First Majestic Silver (AG) Tax Rate (2010 - 2025) Analysis & Trends
First Majestic Silver has reported Tax Rate for 16 years, with the latest figure at 72.44% in Q4 2025.
- For the quarter ending Q4 2025, Tax Rate fell 9445.0% year-over-year to 72.44%; the trailing twelve-month figure through Dec 2025 stood at 35.38% (up 11270.0% YoY), and the FY2025 full-year result was 46.59%, up 33173.0% from the prior year.
- Tax Rate for Q4 2025 stood at 72.44%, up from 17.51% in the prior quarter.
- The five-year high for Tax Rate was 423.46% in Q4 2023, with the low at 1474.56% in Q2 2022.
- Historically, Tax Rate has averaged 46.84% across 5 years, with a median of 4.77% in 2023.
- Annual changes were most pronounced in 2022 — Tax Rate sank 153692 bps — and 2023, when it surged 145082 bps.
- First Majestic Silver's Tax Rate stood at 119.93% in 2021, then tumbled by 61 bps to 46.54% in 2022, then soared by 810 bps to 423.46% in 2023, then tumbled by 61 bps to 166.88% in 2024, then sank by 57 bps to 72.44% in 2025.
- The last three Tax Rate figures came in at 72.44% (Q4 2025), 17.51% (Q3 2025), and 27.67% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | First Majestic Silver | 54.32 Bn | 53.75 Bn | -65.31 Mn | 72.44% |
| 2 | Silvercorp Metals | 2.47 Bn | 2.11 Bn | 77.07 Mn | 14.67% |
| 3 | Highlander Silver | 1.88 Bn | 1.80 Bn | 74,000.00 | -0.39% |
| 4 | Endeavour Silver | 1,974.55 | -232.10 Mn | 93.50 Mn | 39.35% |
| 5 | New Pacific Metals | 91.50 | -41.94 Mn | - | - |
| 6 | Bunker Hill Mining | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 72.44% |
| Dec 31, 2025 | 72.44% |
| Sep 30, 2025 | 17.51% |
| Sep 30, 2025 | 17.51% |
| Jun 30, 2025 | -27.67% |
| Jun 30, 2025 | -27.67% |
| Mar 31, 2025 | 51.93% |
| Mar 31, 2025 | 51.93% |
| Dec 31, 2024 | 166.88% |
| Dec 31, 2024 | 166.88% |
| Sep 30, 2024 | -52.37% |
| Sep 30, 2024 | -52.37% |
| Jun 30, 2024 | -44.43% |
| Jun 30, 2024 | -44.43% |
| Mar 31, 2024 | 8.79% |
| Mar 31, 2024 | 8.79% |
| Dec 31, 2023 | 423.46% |
| Dec 31, 2023 | 423.46% |
| Sep 30, 2023 | 0.75% |
| Sep 30, 2023 | 0.75% |