Saturday 17 October 2026 Export AG’s income statement to Excel — free account

First Majestic Silver Corp.

First Majestic Silver Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 124.3% from fiscal 2024. In the quarter to June 2026, revenue grew 57.3%, EPS grew 100.0%, free cash flow grew 268.1% and total debt rose 41.9%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

15.98 0.11 −0.68%

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Market cap: $7.9B
P/E: 22.5×
Fwd P/E: 26.2×
Dividend yield: 0.29%
F-score: 8/9
Altman Z: 3.72
Beneish M: −1.75
Dividend safety: 70/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 1.45%

Capital & Financial Ratios $m

Market Cap 7,930.00

Revenue 1,641.15

Net Income 421.54

Free Cash Flow 614.08

Net Debt (932.76)

Current Ratio 2.57

Debt/Equity 0.09

P/E ratio 22.51

Fwd P/E 26.20

P/S ratio 4.80

P/B ratio 2.34

Past 5Y EPS Growth 25.32%

This Y EPS Growth 87.47%

Next Y EPS Growth 12.38%

Next Y revenue growth (60.88%)

Next 5Y EPS Growth 31.04%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 1.43%

10-year low 10-year high

P/S against its own 10 years 54.07%

10-year low 10-year high

P/B against its own 10 years 66.09%

10-year low 10-year high

EV/Sales against its own 10 years 45.34%

10-year low 10-year high

EV/FCF against its own 10 years 1.15%

10-year low 10-year high

Dividends

Payout Ratio 0.06

Annual Dividend Rate 0.05

Annual Dividend Yield 0.29%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.01	0.01 0.02 0.02
2025	0.01	0.01 0.00 0.00 0.01
2024	0.02	0.00 0.00 0.00 0.00
2023	0.02	0.01 0.01 0.01 0.00
2022	0.03	0.01 0.01 0.01 0.01
2021	0.02	0.00 0.01 0.00
2020	Powerpack
2019	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	188	252	974	1,248
Receivables	49	46	122	56
Inventory	64	63	85	106
Other	—	—	—	—
	309	369	1,193	1,435

	2023	2024	2025	Q'26
Payables	94	104	208	202
ST’ Debt	1	1	0	55
Other	2	1	1	—
	120	144	459	559

Compound Annual Growth %

	10y	5y	3y
Sales	19.07%	28.14%	26.28%
Cash Flow	25.09%	45.85%	202.58%
Earnings	0.00%	48.18%	0.00%
Book Value	19.27%	30.13%	31.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	477	415	—	—	—
’25	244	264	285	464	1,257
’24	106	136	146	172	561
’23	157	147	133	137	574
’22	157	159	160	148	624
’21	101	154	125	205	584
’20	86	35	126	117	364

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	237	209	—	—	—
’25	55	90	113	268	526
’24	12	17	41	82	152
’23	(5)	20	20	20	56
’22	(19)	(13)	66	(15)	19
’21	7	(17)	(12)	90	69
’20	12	(31)	55	43	80

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	189	149	—	—	—
’25	(1)	41	55	220	315
’24	(18)	(10)	8	57	37
’23	(54)	(17)	(14)	(6)	(90)
’22	(57)	(81)	9	(70)	(199)
’21	(37)	(58)	(58)	32	(120)
’20	(20)	(47)	25	10	(32)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.26	0.22	—	—	—
’25	0.01	0.11	0.06	0.17	0.34
’24	(0.05)	(0.17)	(0.09)	(0.04)	(0.34)
’23	(0.37)	(0.06)	(0.09)	0.04	(0.48)
’22	0.03	(0.32)	(0.08)	(0.06)	(0.43)
’21	0.01	0.06	(0.07)	(0.02)	(0.02)
’20	(0.15)	(0.05)	0.14	0.15	0.11

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	2.40	5.92	4.59	5.01	4.17	9.86	6.31	4.38	4.17	5.09	Analyst estimates 2026–2028 Powerpack
	High	19.15	10.92	8.48	12.69	14.57	24.01	14.59	9.07	8.44	17.91
People
People	Employees	4,012	3,900	5,131	39	5,197	5,287	4,634	3,746	3,818	5,100
	Revenue/emp, $m	0.07	0.06	0.06	9.33	0.07	0.11	0.13	0.15	0.15	0.25
Income, $m
Income, $m	Revenue	278	252	301	364	364	584	624	574	561	1,257
	Gross margin, %	46.32	36.87	27.17	36.21	43.82	37.33	24.44	26.19	38.51	56.75
	EBT	25	(75)	(263)	(39)	30	25	(61)	(196)	(26)	395
	EBT margin, %	9.17	(29.85)	(87.41)	(10.72)	8.17	4.32	(9.84)	(34.14)	(4.72)	31.42
	Net income	9	(53)	(204)	(40)	23	(5)	(114)	(135)	(102)	211
	Depreciation	80	78	95	67	56	118	137	126	125	265
Per share, $
Per share, $	Revenue	1.73	1.53	1.64	1.81	1.70	2.39	2.37	2.03	1.90	2.62
	Earnings	0.05	(0.32)	(1.11)	(0.20)	0.11	(0.02)	(0.43)	(0.48)	(0.34)	0.34
	Cash flow	0.62	0.43	0.18	0.69	0.37	0.28	0.07	0.20	0.51	1.10
	Capex	(0.39)	(0.46)	(0.61)	(0.59)	(0.52)	(0.77)	(0.83)	(0.52)	(0.39)	(0.44)
	Free cash flow	0.23	(0.03)	(0.42)	0.11	(0.15)	(0.49)	(0.76)	(0.32)	0.12	0.66
	Book value	3.86	3.52	3.24	3.29	3.98	5.77	5.36	4.81	4.57	6.62
	Shares, m	161	165	184	202	214	245	263	282	296	480
Valuation, ×
Valuation, ×	P/E	161.60	0.00	0.00	0.00	134.40	0.00	0.00	0.00	0.00	47.60
	P/S	4.67	4.73	3.59	6.79	7.90	4.66	3.55	2.94	2.89	6.36
	P/B	2.09	2.05	1.82	3.73	3.38	1.93	1.57	1.24	1.20	2.52
	EV/Sales	4.33	4.36	3.88	6.78	7.61	4.54	3.62	3.03	2.84	5.82
	EV/FCF	32.04	(217.52)	(14.97)	115.15	(85.80)	(22.05)	(11.38)	(19.25)	43.19	23.19
Cash, $m
Cash, $m	Operating cash flow	100	70	33	140	80	69	19	56	152	526
	Capex	(62)	(76)	(111)	(119)	(112)	(189)	(218)	(146)	(115)	(211)
	Free cash flow	38	(5)	(78)	21	(32)	(120)	(199)	(90)	37	315
Balance, $m
Balance, $m	Working capital	131	116	108	171	254	224	203	189	225	734
	Total debt	46	37	152	171	168	209	234	239	221	298
	Net debt	(97)	(93)	87	(6)	(107)	(68)	48	51	(31)	(676)
	Shareholders’ equity	622	582	595	662	850	1,411	1,411	1,358	1,351	3,173
Returns, %
Returns, %	ROA	1.04	(6.50)	(23.91)	(4.17)	2.05	(0.29)	(5.40)	(6.61)	(5.15)	4.94
	ROIC	3.36	(9.06)	(22.86)	(3.04)	3.39	2.29	(1.68)	(7.93)	(0.18)	9.94
	ROE	1.47	(8.85)	(34.69)	(6.44)	3.05	(0.44)	(8.10)	(9.76)	(7.52)	7.29

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ESI Element Solutions Inc.	$8.7B	47.4×	33.3×	+56.41% (above 0%: growing)	+60.00% (above 0%: growing)	+29.19% (above 0%: growing)	34.15%	11.63%	Compare
SQM Sociedad Quimica y Minera S.A.	$8.6B	11.3×	12.1×	+138.12% (above 0%: growing)	+381.25% (above 0%: growing)	−63.75% (below 0%: shrinking)	51.05%	48.62%	Compare
CTVA Corteva, Inc.	$8.6B	8.5×	28.9×	−1.19% (below 0%: shrinking)	−9.90% (below 0%: shrinking)	−169.39% (below 0%: shrinking)	57.39%	26.21%	Compare
NEU NewMarket Corporation	$8.2B	18.8×	— (loss-making)	+6.96% (above 0%: growing)	+22.80% (above 0%: growing)	−6.94% (below 0%: shrinking)	32.45%	21.91%	Compare
WLK Westlake Corporation	$8.1B	— (loss-making)	24.8×	+10.77% (above 0%: growing)	n/m	+184.09% (above 0%: growing)	19.93%	11.13%	Compare
AG First Majestic Silver Corp.	$7.9B	22.5×	26.2×	+57.25% (above 0%: growing)	+100.00% (above 0%: growing)	+268.11% (above 0%: growing)	65.47%	47.54%
BVN Buenaventura Mining Company Inc.	$7.9B	6.7×	6.9×	+43.17% (above 0%: growing)	+186.11% (above 0%: growing)	+820.20% (above 0%: growing)	48.14%	42.00%	Compare
MP MP Materials Corp.	$7.4B	— (loss-making)	1,057×	+119.66% (above 0%: growing)	n/m	−638.46% (below 0%: shrinking)	42.66%	(25.41%)	Compare
EMN Eastman Chemical Company	$7.3B	16.1×	11.5×	+9.88% (above 0%: growing)	+31.15% (above 0%: growing)	+49.40% (above 0%: growing)	22.28%	12.38%	Compare
Median of peers	$8.1B	13.7×	24.8×	+26.97%	+45.58%	+11.12%	38.41%	17.15%

All 261 Basic Materials stocks →

First Majestic Silver Corp. (AG) key facts

Strength: First Majestic Silver Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 124.3% from fiscal 2024.
First Majestic Silver Corp. (AG) is a Silver company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, AG traded at $15.98, a market capitalization of $7.9 billion.
First Majestic Silver Corp. pays an annual dividend of $0.05 per share, a yield of 0.29%, with a payout ratio of 6.45%.
Return on equity was 7.29% and debt-to-equity 0.09.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 3.72 (safe zone) for fiscal 2025.