First Majestic Silver Corp

EDGAR

Annual consolidated revenue for 2025: about USD 1.257B, using the latest reported figures. The previous period, 2024, was about USD 560.6M.

Watchlist

Latest fiscal year

Revenue

1.26 billion USD

2025 · USD

Exact inputs and evidence
  • Revenue: 1257157000 USD Source

Operating margin

31.58%

2025 · %

Exact inputs and evidence
  • Operating Income: 397067000 USD Source
  • Revenue: 1257157000 USD Source

Operating cash flow

526 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 526010000 USD Source

Free cash flow

464 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 526010000 USD Source
  • Capital Expenditure: 62096000 USD Source
Cash and cash equivalents
793 million USD Source
Exact value

793435000 USD

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-08.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 8 of 11 periods available· newest 2025-12-31
  • Operating income: 8 of 11 periods available· newest 2025-12-31
  • Net income: 2 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 8 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 8 of 11 periods available· newest 2025-12-31
  • Total assets: 8 of 11 periods available· newest 2025-12-31
  • Total liabilities: 8 of 11 periods available· newest 2025-12-31
  • Current assets: 8 of 11 periods available· newest 2025-12-31
  • Current liabilities: 8 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 9 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +124.3%

    Prior period

    USD 560.6 million

    –

    Current period

    USD 1.26 billion

    –

    Exact inputs and evidence

    1257157000 − 560604000 = 696553000 USD

    560604000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1257157000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +USD 266.81 million

    Prior period

    −USD 101.89 million

    –

    Current period

    USD 164.92 million

    –

    Exact inputs and evidence

    164923000 − -101885000 = 266808000 USD

    -101885000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    164923000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +246.1%

    Prior period

    USD 151.97 million

    –

    Current period

    USD 526.01 million

    –

    Exact inputs and evidence

    526010000 − 151970000 = 374040000 USD

    151970000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    526010000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +210.1%

    Prior period

    USD 20.02 million

    –

    Current period

    USD 62.1 million

    –

    Exact inputs and evidence

    62096000 − 20024000 = 42072000 USD

    20024000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    62096000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 1.26 billion 100% of revenue
  • Operating costs Derived USD 860.09 million 68% of revenue
  • Operating income USD 397.07 million 32% of revenue
  • Tax, interest and other Derived USD 232.14 million 18% of revenue
  • Net income USD 164.92 million 13% of revenue

Cash

  • Operating cash flow USD 526.01 million 42% of revenue
  • Capital expenditure USD 62.1 million 4.9% of revenue
  • Free cash flow Derived USD 463.91 million 37% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Operating loss: operating costs were 101% of revenue.
  • 2025 13%18%68%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31278077000 249832000 Derived 28245000 UnavailableUnavailable81322000 Derived
Source
2017 2017-01-01 – 2017-12-31252288000 323284000 Derived -70996000 UnavailableUnavailable49510000 Derived
Source
2020 2020-01-01 – 2020-12-31363876000 323519000 Derived 40357000 UnavailableUnavailable36391000 Derived
Source
2021 2021-01-01 – 2021-12-31584117000 534915000 Derived 49202000 UnavailableUnavailable12165000 Derived
Source
2022 2022-01-01 – 2022-12-31624221000 663414000 Derived -39193000 UnavailableUnavailable-40717000 Derived
Source
2023 2023-01-01 – 2023-12-31573801000 752585000 Derived -178784000 UnavailableUnavailable23627000 Derived
Source
2024 2024-01-01 – 2024-12-31560604000 564359000 Derived -3755000 98130000 Derived -101885000 131946000 Derived
Source
2025 2025-01-01 – 2025-12-311257157000 860090000 Derived 397067000 232144000 Derived 164923000 463914000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 1.3B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.4B1.0B678.9M339.4M0.0201620222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue278077000
2017Revenue252288000
2020Revenue363876000
2021Revenue584117000
2022Revenue624221000
2023Revenue573801000
2024Revenue560604000
2025Revenue1257157000

Revenue growth

Change in revenue from the same financial period one year earlier.

124.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.135%96%57%19%-20%201620222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over yearNo prior comparable period
2017Year over year-9.3%
2020Year over yearNo prior comparable period
2021Year over year60.5%
2022Year over year6.9%
2023Year over year-8.1%
2024Year over year-2.3%
2025Year over year124.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 31.6% 2025
Net margin 13.1% 2025
Free cash flow margin 36.9% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.42%23%3%-17%-37%201620222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin10.2%
2017Operating margin-28.1%
2020Operating margin11.1%
2021Operating margin8.4%
2022Operating margin-6.3%
2023Operating margin-31.2%
2024Operating margin-0.7%
2025Operating margin31.6%
2016-12-31Net marginNot reported
2017-12-31Net marginNot reported
2020-12-31Net marginNot reported
2021-12-31Net marginNot reported
2022-12-31Net marginNot reported
2023-12-31Net marginNot reported
2024Net margin-18.2%
2025Net margin13.1%
2016Free cash flow margin29.2%
2017Free cash flow margin19.6%
2020Free cash flow margin10%
2021Free cash flow margin2.1%
2022Free cash flow margin-6.5%
2023Free cash flow margin4.1%
2024Free cash flow margin23.5%
2025Free cash flow margin36.9%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 526M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.568.1M426.1M284.0M142.0M0.0201620222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow100012000
2017Operating cash flow70451000
2020Operating cash flow79713000
2021Operating cash flow68723000
2022Operating cash flow18988000
2023Operating cash flow55614000
2024Operating cash flow151970000
2025Operating cash flow526010000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 463.9M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.504.3M357.9M211.6M65.3M-81.1M201620222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow81322000
2017Free cash flow49510000
2020Free cash flow36391000
2021Free cash flow12165000
2022Free cash flow-40717000
2023Free cash flow23627000
2024Free cash flow131946000
2025Free cash flow463914000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

32.4% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.36.3%27.2%18.1%9.1%0.0%201620222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets27.5%
2017Liabilities / assets25.5%
2020Liabilities / assets31.3%
2021Liabilities / assets33.6%
2022Liabilities / assets33.1%
2023Liabilities / assets31.3%
2024Liabilities / assets31.8%
2025Liabilities / assets32.4%

Current assets to current liabilities

Current assets divided by current liabilities.

2.6× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.93×2.94×1.96×0.98×0.00×201620222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities3.64×
2017Current assets / current liabilities3.14×
2020Current assets / current liabilities3.5×
2021Current assets / current liabilities2.3×
2022Current assets / current liabilities2.21×
2023Current assets / current liabilities2.57×
2024Current assets / current liabilities2.56×
2025Current assets / current liabilities2.6×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
Unavailable Not reported for this period.
USD 100.01 million
Exact value

Exact value: 100012000 USD

2016-01-01 – 2016-12-31: 100012000 USD Inspect Operating Cash Flow Open source
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USD 18.69 million
Exact value

Exact value: 18690000 USD

2016-01-01 – 2016-12-31: 18690000 USD Inspect Capital Expenditure Open source
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USD 81.32 million
Calculation and evidence

100012000 − 18690000 USD

Exact free cash flow: 81322000 USD

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2017 2017-01-01 – 2017-12-31
Unavailable Not reported for this period.
USD 70.45 million
Exact value

Exact value: 70451000 USD

2017-01-01 – 2017-12-31: 70451000 USD Inspect Operating Cash Flow Open source
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USD 20.94 million
Exact value

Exact value: 20941000 USD

2017-01-01 – 2017-12-31: 20941000 USD Inspect Capital Expenditure Open source
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USD 49.51 million
Calculation and evidence

70451000 − 20941000 USD

Exact free cash flow: 49510000 USD

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2020 2020-01-01 – 2020-12-31
Unavailable Not reported for this period.
USD 79.71 million
Exact value

Exact value: 79713000 USD

2020-01-01 – 2020-12-31: 79713000 USD Inspect Operating Cash Flow Open source
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USD 43.32 million
Exact value

Exact value: 43322000 USD

2020-01-01 – 2020-12-31: 43322000 USD Inspect Capital Expenditure Open source
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USD 36.39 million
Calculation and evidence

79713000 − 43322000 USD

Exact free cash flow: 36391000 USD

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2021 2021-01-01 – 2021-12-31
Unavailable Not reported for this period.
USD 68.72 million
Exact value

Exact value: 68723000 USD

2021-01-01 – 2021-12-31: 68723000 USD Inspect Operating Cash Flow Open source
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USD 56.56 million
Exact value

Exact value: 56558000 USD

2021-01-01 – 2021-12-31: 56558000 USD Inspect Capital Expenditure Open source
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USD 12.17 million
Calculation and evidence

68723000 − 56558000 USD

Exact free cash flow: 12165000 USD

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2022 2022-01-01 – 2022-12-31
Unavailable Not reported for this period.
USD 18.99 million
Exact value

Exact value: 18988000 USD

2022-01-01 – 2022-12-31: 18988000 USD Inspect Operating Cash Flow Open source
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USD 59.71 million
Exact value

Exact value: 59705000 USD

2022-01-01 – 2022-12-31: 59705000 USD Inspect Capital Expenditure Open source
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−USD 40.72 million
Calculation and evidence

18988000 − 59705000 USD

Exact free cash flow: -40717000 USD

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2023 2023-01-01 – 2023-12-31
Unavailable Not reported for this period.
USD 55.61 million
Exact value

Exact value: 55614000 USD

2023-01-01 – 2023-12-31: 55614000 USD Inspect Operating Cash Flow Open source
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USD 31.99 million
Exact value

Exact value: 31987000 USD

2023-01-01 – 2023-12-31: 31987000 USD Inspect Capital Expenditure Open source
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USD 23.63 million
Calculation and evidence

55614000 − 31987000 USD

Exact free cash flow: 23627000 USD

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2024 2024-01-01 – 2024-12-31
−USD 101.89 million
Exact value

Exact value: -101885000 USD

2024-01-01 – 2024-12-31: -101885000 USD Inspect Net Income Open source
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USD 151.97 million
Exact value

Exact value: 151970000 USD

2024-01-01 – 2024-12-31: 151970000 USD Inspect Operating Cash Flow Open source
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USD 20.02 million
Exact value

Exact value: 20024000 USD

2024-01-01 – 2024-12-31: 20024000 USD Inspect Capital Expenditure Open source
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USD 131.95 million
Calculation and evidence

151970000 − 20024000 USD

Exact free cash flow: 131946000 USD

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2025 2025-01-01 – 2025-12-31
USD 164.92 million
Exact value

Exact value: 164923000 USD

2025-01-01 – 2025-12-31: 164923000 USD Inspect Net Income Open source
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USD 526.01 million
Exact value

Exact value: 526010000 USD

2025-01-01 – 2025-12-31: 526010000 USD Inspect Operating Cash Flow Open source
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USD 62.1 million
Exact value

Exact value: 62096000 USD

2025-01-01 – 2025-12-31: 62096000 USD Inspect Capital Expenditure Open source
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USD 463.91 million
Calculation and evidence

526010000 − 62096000 USD

Exact free cash flow: 463914000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

440 filings · 850 latest values · 850 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001308648, 1308648, AG, ag, edgar:1308648, fr

Also known as FIRST MAJESTIC RESOURCE CORP, FIRST MAJESTIC SILVER CORP, FIRST MAJESTIC SILVER CORP., First Majestic Silver Corp