# First Majestic Silver Corp (AG)

Source page: https://stoqly.net/companies/ag

- **Ticker:** AG (NYSE)
- **Sector:** Materials / Gold And Silver Ores
- **SEC CIK:** 0001308648
- **Latest annual report:** 40-F filed 2026-03-31 (https://www.sec.gov/Archives/edgar/data/1308648/000106299326001765/form40f.htm)
- **Data updated:** 2026-11-01

## Key figures

- **Last close:** $14.26 on 2026-10-30
- **Market cap:** $6.9B
- **P/E (trailing):** 41.9x
- **EPS, trailing 12 months:** $0.34
- **Revenue (FY2025):** $1.3B
- **Revenue growth:** +124.3%
- **Revenue growth, 5-year CAGR:** +28.1%
- **Gross margin:** 56.8%
- **Operating margin:** 31.6%
- **Net margin:** 13.1%
- **Free cash flow:** $464M
- **Free cash flow margin:** 36.9%
- **Return on invested capital:** 11.4%
- **Return on equity:** 8.0%
- **Net debt:** −$501M
- **Net debt / EBITDA:** −0.8x
- **Change in share count:** +64.0%
- **Piotroski F-score:** 7/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/ag/figures.csv

| US$ millions | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 278 | 252 | 301 | 364 | 364 | 584 | 624 | 574 | 561 | 1,257 |
| Operating income | 28 | -71 | -249 | -32 | 40 | 49 | -39 | -179 | -4 | 397 |
| Net income | 9 | -53 | -204 | -40 | 23 | -5 | -114 | -135 | -102 | 165 |
| Diluted EPS (US$) | 0.05 | -0.32 | -1.11 | -0.20 | 0.11 | -0.02 | -0.43 | -0.48 | -0.34 | 0.34 |
| Operating cash flow | 100 | 70 | 33 | 140 | 80 | 69 | 19 | 56 | 152 | 526 |
| Free cash flow | 81 | 50 | -2 | 98 | 36 | 12 | -41 | 24 | 132 | 464 |
| Cash | 129 | 118 | 57 | 169 | 239 | 238 | 151 | 126 | 202 | 793 |
| Debt and leases | 44 | 32 | 150 | 156 | 153 | 181 | 210 | 220 | 209 | 292 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.