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stoqly.net Stock research from SEC filings Company report · November 1, 2026

First Majestic Silver Corp

AG NYSE· Gold And Silver Ores

Last close · Oct 30, 2026

$14.26

KIRA · Stoqly’s AI analyst, in plain words

  • First Majestic Silver Corp had $1.3B of revenue in fiscal 2025, up 124.3% on the year before. Over five years, revenue changed +28.1% a year on average.
  • Its operating margin was 31.6%, up 32.3 pts: of every 100 in sales, about 32 is left after running the business.
  • First Majestic Silver Corp made $165M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 23.7% a year.
  • Free cash flow was $464M in fiscal 2025, 36.9% of revenue.
  • First Majestic Silver Corp returned $9.8M to shareholders in fiscal 2025, 2% of free cash flow. The diluted share count rose 64.0%.
  • First Majestic Silver Corp has $501M more cash than debt.

Market cap

$6.9B

P/E

41.9x

Revenue

$1.3B

Net income

$165M

Free cash flow

$464M

Operating margin

31.6%

First Majestic Silver Corp in 30 seconds · fiscal 2025

Good

Are sales growing?

+124.3%

Yes. Sales grew 124.3% last year.

Good

Does it make a profit?

13.1%

Yes. It keeps 13.1% of every sale as profit.

Good

Does profit turn into cash?

36.9%

Yes. 36.9% of sales ends up as free cash.

Good

Is debt under control?

Net cash

Yes. It has more cash than debt.

Good

How healthy are the accounts?

7 / 9

Solid. It passes 7 of 9 health tests.

For information

How is the share priced?

41.9x

One share costs 41.9 times its yearly profit per share.

What First Majestic Silver Corp does

No business description yet.

Fiscal year ends
December 31, 2025
Latest annual report
40-F · Mar 31, 2026
Legal name
FIRST MAJESTIC SILVER CORP
CIK
0001308648
Source: stoqly.net · stoqly.net/companies/ag · Generated November 1, 2026 Not investment advice · Page 1 of 3
stoqly.net Stock research from SEC filings Company report · November 1, 2026

First Majestic Silver Corp · AG · stoqly.net

Results and finances

The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.

Fiscal yearFY21FY22FY23FY24FY25
Sales and profit
Revenue $584M $624M $574M $561M $1.3B
Revenue growth 60.5% 6.9% −8.1% −2.3% 124.3%
Gross margin 37.3% 24.4% 28.5% 38.5% 56.8%
Operating margin 8.4% −6.3% −31.2% −0.7% 31.6%
Net income −$4.9M −$114M −$135M −$102M $165M
Net margin −0.8% −18.3% −23.5% −18.2% 13.1%
Diluted EPS −$0.02 −$0.43 −$0.48 −$0.34 $0.34
Cash
Cash from operations $68.7M $19.0M $55.6M $152M $526M
Capital expenditure $56.6M $59.7M $32.0M $20.0M $62.1M
Free cash flow $12.2M −$40.7M $23.6M $132M $464M
FCF margin 2.1% −6.5% 4.1% 23.5% 36.9%
Dividends paid $3.9M $6.9M $5.9M $5.3M $9.8M
Share count change 13.4% 7.5% 7.3% 4.7% 64.0%
Debt and strength
Cash and short-term investments $238M $151M $126M $202M $793M
Debt incl. finance leases $181M $210M $220M $209M $292M
Shareholders' equity $1.4B $1.4B $1.4B $1.4B $2.8B
Net debt / EBITDA −0.3x 0.6x — 0.1x −0.8x
Current ratio 2.3x 2.2x 2.6x 2.6x 2.6x
Interest coverage 2.3x −1.9x −6.8x −0.1x 15.1x
Returns and quality
Return on capital 2.4% −2.1% −9.7% −0.2% 11.4%
Return on equity −0.4% −8.1% −9.8% −7.5% 8.0%
Return on tangible equity −0.3% −8.1% −9.9% −7.5% 6.0%
Piotroski F-score 3 3 4 5 7
Altman Z'' 2.4 1.9 1.3 1.8 3.1

Insiders bought, 12 months

$0.0M

0 insiders

Insiders sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

How to read these numbers

Revenue:
Total sales reported in the income statement.
Operating margin:
Operating income as a share of revenue.
Net income:
Profit after all expenses, interest and tax.
Free cash flow:
Cash from operations minus capital spending.
Net debt / EBITDA:
Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
Return on capital:
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Source: stoqly.net · stoqly.net/companies/ag · Generated November 1, 2026 Not investment advice · Page 2 of 3
stoqly.net Stock research from SEC filings Company report · November 1, 2026

First Majestic Silver Corp · AG · stoqly.net

Charts and comparison

Ten years at a glance, and how it stacks up against similar companies.

Revenue

Net income

Margins, % of revenue

Gross Operating Net

Cash vs debt (incl. leases)

Cash Debt

Free cash flow

Dividends and buybacks

Dividends Buybacks

KIRA

At $14.26 a share, the company is worth $6.9B: 41.9 times its earnings of the last four quarters.

Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001308648). Latest version: stoqly.net/companies/ag. Data updated November 1, 2026. For information only — not investment advice. Check the original filings before relying on any figure.