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MARKETS / NYSE / AG
NYSE · GOLD AND SILVER ORES · MID CAP

First Majestic Silver Corp. AG

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.3B
▲ 124.3% YoY
$164.9M
$463.9M
▲ 251.6% YoY
In brief

What this company does

First Majestic Silver Corp. is in the business of the production, development, exploration and acquisition of mineral properties with a focus on silver and gold production, primarily in Mexico and the U.S.A. As of December 31, 2025, the company had a total of 5,535 employees and/or contractors. It presently owns and operates four producing mines in Mexico: the wholly-owned San Dimas Silver/Gold Mine in Durango State, the wholly-owned Santa Elena Silver/Gold Mine in Sonora State, a 70% joint venture interest in the Los Gatos Silver Mine in Chihuahua held with Dowa Metal & Mining Co., Ltd., and the wholly-owned La Encantada Silver Mine in Coahuila State. The company also owns the Jerritt Canyon Gold Mine in Elko, Nevada. It operates a 100%-owned and operated minting facility, First Mint, located in Las Vegas, Nevada, through its subsidiary First Mint, LLC. In 2025, bullion product sales by First Mint accounted for approximately 7% of the company's silver production.

Written from the business description in FIRST MAJESTIC SILVER CORP's annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth
USD 1.3B
Revenue, FY2025 · full 10-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.3 · Net income 0.2
0.50B1.00B-0.08B-0.16B2016201720182019202020212022202320242025
Compound annual growth
+26.3%
+28.1%
+12.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +28.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
17 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 31.6% · Net 16.8%
10%20%30%-50%2016201720182019202020212022202320242025
ROE
FY2025 · ROE 8.0%
5%-2%-4%-6%2016201720182019202020212022202320242025

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders
USD 9.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 463.9
200M400M2016201720182019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 9.8 · Net buybacks —
4M8M202020212022202320242025

USD 9.8M in dividends — 6% of the year's profit went back to shareholders.

Total assetsUSD 4.7B
EquityUSD 2.8B
CashUSD 793.4M
Gross debtUSD 292.2M
Net debtUSD -501.2M
Current ratio2.60×

The company holds more cash than debt.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016
Revenue $B1.30.60.60.60.60.40.40.30.30.3
Operating income $B0.4−0.0−0.2−0.00.00.0−0.0−0.2−0.10.0
EBITDA $B0.70.1−0.10.10.20.10.0−0.20.00.1
Income tax $B0.20.1−0.10.10.00.00.0−0.1−0.00.0
Net income $B0.2−0.1−0.1−0.1−0.00.0−0.0−0.2−0.10.0
Free cash flow $B0.50.10.0−0.00.00.00.1−0.00.00.1
EPS, diluted $0.34−0.34−0.48−0.43−0.020.11−0.20−1.11−0.320.05
Dividend / sh $··········
Payout %6−5········
ROE %8.0−7.5········

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 2 divergences in 42 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 2 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 45 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures2 divergent
ActivityGold and Silver Ores
Listed onNYSE
Incorporated inoutside the United States — SEC code A1
Fiscal year endsDecember 31
Data on record since2016

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