First Majestic Silver Corp. (AG) 10-Year Financial Performance & Capital Metrics

AG • • Industrial / General

Basic MaterialsSilverSilver-Gold ProducersMulti-Mine Silver-Gold Producers

AboutFirst Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. It holds 100% interests in the San Dimas Silver/Gold Mine covering an area of 71,868 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine covering an area of 102,244 hectares located in Sonora; Jerritt Canyon gold mine that covers an area of approximately of 30,821 hectares located in Elko County, Nevada; and the La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares. The company also holds 100% interests in the La Parrilla Silver Mine that covers an area of 69,478 hectares located in Durango; the Del Toro Silver Mine consisting of 3,815 hectares of mining concessions and 219 hectares of surface rights located in Zacatecas; the San Martin Silver Mine includes 33 mining concessions covering an area of 12,795 hectares located in Jalisco; and the La Guitarra Silver Mine that covers an area of 39,714 hectares located in Mexico. In addition, it holds interest in the Springpole project, a gold and silver project covering an area of approximately 41,913 hectares in Ontario, Canada. The company was formerly known as First Majestic Resource Corp. and changed its name to First Majestic Silver Corp. in November 2006. First Majestic Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.Show more

Revenue $561M -2.7%
EBITDA $125M +337.3%
Net Income -$102M +24.6%
EPS (Diluted) -0.34 +30.6%
Gross Margin 34.29% +670.8%
EBITDA Margin 22.27% +344.0%
Operating Margin -0.67% +97.8%
Net Margin -18.17% +22.5%
ROE -7.52% +22.9%
ROIC -0.2% +97.8%
Debt/Equity 0.18 -7.1%
Interest Coverage -0.26 +97.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 96 (top 4%)
✓Trading near 52-week high

✗Weaknesses

✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.5%

5Y8.73%

3Y-1.53%

TTM84.13%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM197.62%

EPS CAGR

10Y-

5Y-

3Y-

TTM146.28%

ROCE

10Y Avg-6.21%

5Y Avg-0.91%

3Y Avg-3.88%

Latest-0.2%

Peer Comparison

Multi-Mine Silver-Gold Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PAASPan American Silver Corp.	23.58B	55.88	180.26	21.71%	19.48%	9.57%	1.7%	0.17
AGFirst Majestic Silver Corp.	9.97B	20.34	-59.82	-2.74%	7.86%	2.54%	0.37%	0.18

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	247.72M	300.09M	263.71M	308.42M	368.83M	366.68M	587.23M	626.85M	576.38M	560.6M
Revenue Growth %	-0.09%	0.21%	-0.12%	0.17%	0.2%	-0.01%	0.6%	0.07%	-0.08%	-0.03%
Cost of Goods Sold+	238.99M	250.89M	247.73M	322.43M	300.98M	261.62M	485.81M	610.1M	550.74M	368.37M
COGS % of Revenue	0.96%	0.84%	0.94%	1.05%	0.82%	0.71%	0.83%	0.97%	0.96%	0.66%
Gross Profit+	8.73M	49.2M	15.98M	-14.01M	67.86M	105.05M	101.42M	16.75M	25.64M	192.24M
Gross Margin %	0.04%	0.16%	0.06%	-0.05%	0.18%	0.29%	0.17%	0.03%	0.04%	0.34%
Gross Profit Growth %	-0.68%	4.64%	-0.68%	-1.88%	5.84%	0.55%	-0.03%	-0.83%	0.53%	6.5%
Operating Expenses+	129.14M	20.96M	86.97M	30.3M	99.84M	64.7M	52.22M	55.95M	204.43M	195.99M
OpEx % of Revenue	0.52%	0.07%	0.33%	0.1%	0.27%	0.18%	0.09%	0.09%	0.35%	0.35%
Selling, General & Admin	21.15M	21.39M	24.76M	27.95M	33.49M	31.23M	37.68M	48.7M	50.38M	53.09M
SG&A % of Revenue	0.09%	0.07%	0.09%	0.09%	0.09%	0.09%	0.06%	0.08%	0.09%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	107.99M	-433K	62.22M	2.35M	66.36M	33.47M	14.53M	7.24M	154.05M	142.9M
Operating Income+	-120.41M	28.25M	-71M	-249.27M	-31.99M	40.36M	49.2M	-39.19M	-178.78M	-3.75M
Operating Margin %	-0.49%	0.09%	-0.27%	-0.81%	-0.09%	0.11%	0.08%	-0.06%	-0.31%	-0.01%
Operating Income Growth %	-0.29%	1.23%	-3.51%	-2.51%	0.87%	2.26%	0.22%	-1.8%	-3.56%	0.98%
EBITDA+	-49.81M	108.45M	10.86M	-4.25M	35.23M	96.64M	167.49M	98.22M	-52.61M	124.86M
EBITDA Margin %	-0.2%	0.36%	0.04%	-0.01%	0.1%	0.26%	0.29%	0.16%	-0.09%	0.22%
EBITDA Growth %	-2.09%	3.18%	-0.9%	-1.39%	9.29%	1.74%	0.73%	-0.41%	-1.54%	3.37%
D&A (Non-Cash Add-back)	70.6M	80.21M	81.85M	245.01M	67.22M	56.28M	118.28M	137.41M	126.17M	128.62M
EBIT	-112.59M	26.22M	-75.09M	-193.31M	-27M	41.8M	37.8M	-48.46M	-180.67M	-10.49M
Net Interest Income+	-3.85M	-3.1M	-1.51M	-6.85M	-5.82M	-11M	-15.98M	-10.17M	-11.45M	-9.71M
Interest Income	853K	180.8K	1.41M	3.5M	6.49M	1.07M	1.07M	2.26M	3.8M	4.99M
Interest Expense	4.68M	3.28M	2.92M	10.36M	12.31M	12.07M	17.04M	12.43M	15.25M	14.7M
Other Income/Expense	-5.84M	-2.75M	-4.3M	-13.78M	-7.04M	-10.63M	-23.95M	-22.21M	-17.13M	-22.7M
Pretax Income+	-126.25M	25.49M	-75.3M	-263.05M	-39.02M	29.73M	25.25M	-61.4M	-195.91M	-26.45M
Pretax Margin %	-0.51%	0.08%	-0.29%	-0.85%	-0.11%	0.08%	0.04%	-0.1%	-0.34%	-0.05%
Income Tax+	-17.83M	16.89M	-22.03M	-58.88M	1.45M	6.64M	30.17M	52.87M	-60.8M	75.43M
Effective Tax Rate %	0.86%	0.34%	0.71%	0.78%	1.04%	0.78%	-0.19%	1.86%	0.69%	3.85%
Net Income+	-108.42M	8.6M	-53.27M	-204.16M	-40.47M	23.09M	-4.92M	-114.28M	-135.11M	-101.89M
Net Margin %	-0.44%	0.03%	-0.2%	-0.66%	-0.11%	0.06%	-0.01%	-0.18%	-0.23%	-0.18%
Net Income Growth %	-0.76%	1.08%	-7.19%	-2.83%	0.8%	1.57%	-1.21%	-22.21%	-0.18%	0.25%
Net Income (Continuing)	-108.42M	8.6M	-53.27M	-204.16M	-40.47M	23.09M	-4.92M	-114.28M	-135.11M	-101.89M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.84	0.05	-0.32	-1.11	-0.20	0.11	-0.02	-0.43	-0.49	-0.34
EPS Growth %	-0.62%	1.06%	-7.4%	-2.47%	0.82%	1.55%	-1.18%	-20.39%	-0.14%	0.31%
EPS (Basic)	-0.84	0.05	-0.32	-1.11	-0.20	0.11	-0.02	-0.43	-0.49	-0.34
Diluted Shares Outstanding	129.12M	164.26M	165.29M	183.65M	201.62M	215.88M	244.75M	263.12M	282.33M	295.54M
Basic Shares Outstanding	129.12M	160.87M	165.29M	183.65M	201.62M	213.88M	244.75M	263.12M	282.33M	295.54M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	104.78M	180.2M	170.66M	166.27M	242.98M	356.05M	397.21M	370.29M	309.06M	368.82M
Cash & Short-Term Investments	56.72M	142.74M	129.47M	63.43M	175.51M	274.9M	264.41M	185.97M	187.96M	251.96M
Cash Only	51.02M	129.05M	118.14M	57.01M	169.01M	238.58M	237.93M	151.44M	125.58M	202.18M
Short-Term Investments	5.7M	13.69M	11.33M	6.42M	6.51M	36.32M	26.49M	34.53M	62.38M	49.78M
Accounts Receivable	24.49M	6.94M	20.86M	66.25M	33.93M	45.91M	54.26M	41.22M	48.69M	46.17M
Days Sales Outstanding	36.09	8.44	28.87	78.4	33.58	45.7	33.73	24	30.83	30.06
Inventory	22.2M	20.25M	18.86M	32.47M	30.52M	32.51M	60.61M	64.76M	63.69M	62.52M
Days Inventory Outstanding	33.91	29.47	27.79	36.75	37.01	45.36	45.54	38.74	42.21	61.95
Other Current Assets	0	10.12M	0	2.04M	982K	0	12.57M	78.35M	8.72M	8.17M
Total Non-Current Assets+	684.91M	676.98M	610.78M	759.84M	769.97M	881.47M	1.73B	1.74B	1.67B	1.61B
Property, Plant & Equipment	647.08M	628.05M	566.2M	686.7M	712.06M	782.28M	1.53B	1.54B	1.43B	1.44B
Fixed Asset Turnover	0.38x	0.48x	0.47x	0.45x	0.52x	0.47x	0.38x	0.41x	0.40x	0.39x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	3.48M	783K	869K	22.2M	6.77M	29.55M	126.53M	143.55M	146.15M	127.54M
Total Assets+	789.7M	857.17M	781.44M	926.11M	1.01B	1.24B	2.12B	2.11B	1.98B	1.98B
Asset Turnover	0.31x	0.35x	0.34x	0.33x	0.36x	0.30x	0.28x	0.30x	0.29x	0.28x
Asset Growth %	0.02%	0.09%	-0.09%	0.19%	0.09%	0.22%	0.72%	-0.01%	-0.06%	0%
Total Current Liabilities+	89.2M	49.57M	54.38M	58.14M	71.85M	101.63M	172.82M	167.4M	120.14M	144.31M
Accounts Payable	28.29M	22.77M	29.66M	35.77M	36.3M	49.9M	72.45M	71.09M	48.16M	58.59M
Days Payables Outstanding	43.21	33.12	43.7	40.49	44.02	69.61	54.43	42.53	31.92	58.06
Short-Term Debt	34.86M	12.38M	12.46M	1.28M	1.04M	1.09M	69K	431K	426K	426K
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	580K
Other Current Liabilities	9.4M	2.22M	3.51M	1.54M	1.61M	12.04M	56K	16.4M	1.86M	1.11M
Current Ratio	1.17x	3.64x	3.14x	2.86x	3.38x	3.50x	2.30x	2.21x	2.57x	2.56x
Quick Ratio	0.93x	3.23x	2.79x	2.30x	2.96x	3.18x	1.95x	1.83x	2.04x	2.12x
Cash Conversion Cycle	26.79	4.78	12.95	74.66	26.57	21.45	24.83	20.21	41.12	33.95
Total Non-Current Liabilities+	155.78M	185.9M	144.58M	273.4M	278.78M	285.65M	541.2M	531.31M	498.1M	484.41M
Long-Term Debt	11.38M	31.56M	19.3M	148.23M	154.64M	141.73M	181.11M	209.81M	218.98M	208.66M
Capital Lease Obligations	7.36M	2.11M	419K	2.94M	15.02M	15.22M	28.04M	23.76M	19.33M	11.32M
Deferred Tax Liabilities	120.11M	138.18M	103.39M	90.64M	63.92M	48.73M	150.84M	122.47M	79.02M	80.09M
Other Non-Current Liabilities	1.33M	2.74M	5.39M	3.79M	45.2M	79.98M	181.22M	175.28M	180.77M	184.34M
Total Liabilities	244.98M	235.47M	198.96M	331.54M	350.63M	387.28M	714.02M	698.71M	618.24M	628.72M
Total Debt+	63.19M	52.12M	33.88M	155.36M	177.62M	163.4M	221.04M	247.82M	256.11M	236.62M
Net Debt	12.18M	-76.92M	-84.26M	98.35M	8.61M	-75.18M	-16.89M	96.39M	130.53M	34.44M
Debt / Equity	0.12x	0.08x	0.06x	0.26x	0.27x	0.19x	0.16x	0.18x	0.19x	0.18x
Debt / EBITDA	-	0.48x	3.12x	-	5.04x	1.69x	1.32x	2.52x	-	1.90x
Net Debt / EBITDA	-	-0.71x	-7.76x	-	0.24x	-0.78x	-0.10x	0.98x	-	0.28x
Interest Coverage	-25.72x	8.60x	-24.35x	-24.07x	-2.60x	3.34x	2.89x	-3.15x	-11.72x	-0.26x
Total Equity+	544.72M	621.7M	582.49M	594.57M	662.32M	850.24M	1.41B	1.41B	1.36B	1.35B
Equity Growth %	0.05%	0.14%	-0.06%	0.02%	0.11%	0.28%	0.66%	0%	-0.04%	-0.01%
Book Value per Share	4.22	3.78	3.52	3.24	3.29	3.94	5.76	5.36	4.81	4.57
Total Shareholders' Equity	544.72M	621.7M	582.49M	594.57M	662.32M	850.24M	1.41B	1.41B	1.36B	1.35B
Common Stock	557.48M	628.57M	636.67M	827.62M	933.18M	1.09B	1.66B	1.78B	1.88B	1.98B
Retained Earnings	-71.82M	-63.22M	-116.49M	-321.08M	-361.55M	-338.9M	-347.75M	-468.9M	-609.88M	-717.06M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	59.06M	56.35M	62.3M	88.03M	90.69M	102M	98.94M	98.91M	88.03M	90.03M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	56.09M	100.01M	70.45M	33.26M	140.03M	79.71M	68.72M	12.89M	48.39M	151.97M
Operating CF Margin %	0.23%	0.33%	0.27%	0.11%	0.38%	0.22%	0.12%	0.02%	0.08%	0.27%
Operating CF Growth %	-0.4%	0.78%	-0.3%	-0.53%	3.21%	-0.43%	-0.14%	-0.81%	2.75%	2.14%
Net Income	-108.42M	8.6M	-53.27M	-204.16M	-40.47M	23.09M	-4.92M	-109.75M	-137.59M	-101.89M
Depreciation & Amortization	75.82M	80.35M	78.08M	94.52M	119.74M	56.28M	118.28M	137.83M	136.96M	135.1M
Stock-Based Compensation	4.93M	4.4M	8.29M	7.38M	8.32M	8.26M	12.29M	0	0	13.49M
Deferred Taxes	-17.83M	16.89M	-22.03M	-58.88M	1.45M	6.64M	30.17M	-3.24M	-76.18M	75.43M
Other Non-Cash Items	100.86M	-7.69M	63.8M	215.58M	13.65M	8.28M	-55.6M	16.94M	144.08M	599K
Working Capital Changes	735K	-2.54M	-4.42M	-21.17M	37.33M	-22.83M	-31.5M	-28.88M	-18.88M	29.23M
Change in Receivables	-1.92M	7.36M	-3.89M	771K	1.3M	-27.5M	6.45M	827.85K	-9.44M	6.61M
Change in Inventory	6.42M	2.83M	2.65M	2.02M	2.83M	-4.29M	-8.96M	-3.31M	-514.26K	2.27M
Change in Payables	-6.29M	-8.47M	1.65M	-6.39M	8.96M	10.77M	16.58M	-21.85M	-6.31M	2.82M
Cash from Investing+	-28.68M	-66.59M	-75.93M	-117.04M	-116.93M	-127.11M	-180.75M	-205.33M	-156.82M	-114.16M
Capital Expenditures	-56.94M	-62.46M	-75.51M	-111.31M	-118.61M	-45.84M	-56.56M	-210.14M	-150.08M	-115.12M
CapEx % of Revenue	0.23%	0.21%	0.29%	0.36%	0.32%	0.13%	0.1%	0.34%	0.26%	0.21%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	41.25M	43.25M	-416K	-79.25M	-1.75M	-81.27M	-123.25M	4.82M	0	961K
Cash from Financing+	-15.78M	44.83M	-8.65M	25.44M	87.68M	116.57M	111.82M	112.42M	74.46M	42.41M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-3.93M	-6.59M	-5.98M	-5.3M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4.95M	15.45M	2.96M	-528K	10.98M	9.81M	17.47M	-12.94M	-15.52M	85.25M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-843K	37.55M	-5.06M	-78.05M	21.42M	-34.78M	-120.24M	-196.16M	-100.26M	36.85M
FCF Margin %	-0%	0.13%	-0.02%	-0.25%	0.06%	-0.09%	-0.2%	-0.31%	-0.17%	0.07%
FCF Growth %	0.92%	45.55%	-1.13%	-14.42%	1.27%	-2.62%	-2.46%	-0.63%	0.49%	1.37%
FCF per Share	-0.01	0.23	-0.03	-0.42	0.11	-0.16	-0.49	-0.75	-0.36	0.12
FCF Conversion (FCF/Net Income)	-0.52x	11.63x	-1.32x	-0.16x	-3.46x	3.45x	-13.96x	-0.11x	-0.36x	-1.49x
Interest Paid	0	0	0	0	0	0	0	0	0	8.77M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-20.36%	1.47%	-8.85%	-34.69%	-6.44%	3.05%	-0.44%	-8.1%	-9.76%	-7.52%
Return on Invested Capital (ROIC)	-16.13%	3.85%	-10.21%	-31.39%	-3.52%	4.19%	3.4%	-2.03%	-8.95%	-0.2%
Gross Margin	3.52%	16.4%	6.06%	-4.54%	18.4%	28.65%	17.27%	2.67%	4.45%	34.29%
Net Margin	-43.77%	2.87%	-20.2%	-66.2%	-10.97%	6.3%	-0.84%	-18.23%	-23.44%	-18.17%
Debt / Equity	0.12x	0.08x	0.06x	0.26x	0.27x	0.19x	0.16x	0.18x	0.19x	0.18x
Interest Coverage	-25.72x	8.60x	-24.35x	-24.07x	-2.60x	3.34x	2.89x	-3.15x	-11.72x	-0.26x
FCF Conversion	-0.52x	11.63x	-1.32x	-0.16x	-3.46x	3.45x	-13.96x	-0.11x	-0.36x	-1.49x
Revenue Growth	-8.94%	21.14%	-12.12%	16.96%	19.59%	-0.59%	60.15%	6.75%	-8.05%	-2.74%

Frequently Asked Questions

Growth & Financials

First Majestic Silver Corp. (AG) reported $970.8M in revenue for fiscal year 2024. This represents a 295% increase from $245.5M in 2011.

First Majestic Silver Corp. (AG) saw revenue decline by 2.7% over the past year.

Yes, First Majestic Silver Corp. (AG) is profitable, generating $76.3M in net income for fiscal year 2024 (-18.2% net margin).

Dividend & Returns

First Majestic Silver Corp. (AG) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

First Majestic Silver Corp. (AG) has a return on equity (ROE) of -7.5%. Negative ROE indicates the company is unprofitable.

First Majestic Silver Corp. (AG) generated $130.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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First Majestic Silver Corp. (AG) 10-Year Financial Performance & Capital Metrics

AG • • Industrial / General

Basic MaterialsSilverSilver-Gold ProducersMulti-Mine Silver-Gold Producers

Revenue $561M -2.7%
EBITDA $125M +337.3%
Net Income -$102M +24.6%
EPS (Diluted) -0.34 +30.6%
Gross Margin 34.29% +670.8%
EBITDA Margin 22.27% +344.0%
Operating Margin -0.67% +97.8%
Net Margin -18.17% +22.5%
ROE -7.52% +22.9%
ROIC -0.2% +97.8%
Debt/Equity 0.18 -7.1%
Interest Coverage -0.26 +97.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 96 (top 4%)
✓Trading near 52-week high

✗Weaknesses

✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.5%

5Y8.73%

3Y-1.53%

TTM84.13%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM197.62%

EPS CAGR

10Y-

5Y-

3Y-

TTM146.28%

ROCE

10Y Avg-6.21%

5Y Avg-0.91%

3Y Avg-3.88%

Latest-0.2%

Peer Comparison

Multi-Mine Silver-Gold Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PAASPan American Silver Corp.	23.58B	55.88	180.26	21.71%	19.48%	9.57%	1.7%	0.17
AGFirst Majestic Silver Corp.	9.97B	20.34	-59.82	-2.74%	7.86%	2.54%	0.37%	0.18

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	247.72M	300.09M	263.71M	308.42M	368.83M	366.68M	587.23M	626.85M	576.38M	560.6M
Revenue Growth %	-0.09%	0.21%	-0.12%	0.17%	0.2%	-0.01%	0.6%	0.07%	-0.08%	-0.03%
Cost of Goods Sold+	238.99M	250.89M	247.73M	322.43M	300.98M	261.62M	485.81M	610.1M	550.74M	368.37M
COGS % of Revenue	0.96%	0.84%	0.94%	1.05%	0.82%	0.71%	0.83%	0.97%	0.96%	0.66%
Gross Profit+	8.73M	49.2M	15.98M	-14.01M	67.86M	105.05M	101.42M	16.75M	25.64M	192.24M
Gross Margin %	0.04%	0.16%	0.06%	-0.05%	0.18%	0.29%	0.17%	0.03%	0.04%	0.34%
Gross Profit Growth %	-0.68%	4.64%	-0.68%	-1.88%	5.84%	0.55%	-0.03%	-0.83%	0.53%	6.5%
Operating Expenses+	129.14M	20.96M	86.97M	30.3M	99.84M	64.7M	52.22M	55.95M	204.43M	195.99M
OpEx % of Revenue	0.52%	0.07%	0.33%	0.1%	0.27%	0.18%	0.09%	0.09%	0.35%	0.35%
Selling, General & Admin	21.15M	21.39M	24.76M	27.95M	33.49M	31.23M	37.68M	48.7M	50.38M	53.09M
SG&A % of Revenue	0.09%	0.07%	0.09%	0.09%	0.09%	0.09%	0.06%	0.08%	0.09%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	107.99M	-433K	62.22M	2.35M	66.36M	33.47M	14.53M	7.24M	154.05M	142.9M
Operating Income+	-120.41M	28.25M	-71M	-249.27M	-31.99M	40.36M	49.2M	-39.19M	-178.78M	-3.75M
Operating Margin %	-0.49%	0.09%	-0.27%	-0.81%	-0.09%	0.11%	0.08%	-0.06%	-0.31%	-0.01%
Operating Income Growth %	-0.29%	1.23%	-3.51%	-2.51%	0.87%	2.26%	0.22%	-1.8%	-3.56%	0.98%
EBITDA+	-49.81M	108.45M	10.86M	-4.25M	35.23M	96.64M	167.49M	98.22M	-52.61M	124.86M
EBITDA Margin %	-0.2%	0.36%	0.04%	-0.01%	0.1%	0.26%	0.29%	0.16%	-0.09%	0.22%
EBITDA Growth %	-2.09%	3.18%	-0.9%	-1.39%	9.29%	1.74%	0.73%	-0.41%	-1.54%	3.37%
D&A (Non-Cash Add-back)	70.6M	80.21M	81.85M	245.01M	67.22M	56.28M	118.28M	137.41M	126.17M	128.62M
EBIT	-112.59M	26.22M	-75.09M	-193.31M	-27M	41.8M	37.8M	-48.46M	-180.67M	-10.49M
Net Interest Income+	-3.85M	-3.1M	-1.51M	-6.85M	-5.82M	-11M	-15.98M	-10.17M	-11.45M	-9.71M
Interest Income	853K	180.8K	1.41M	3.5M	6.49M	1.07M	1.07M	2.26M	3.8M	4.99M
Interest Expense	4.68M	3.28M	2.92M	10.36M	12.31M	12.07M	17.04M	12.43M	15.25M	14.7M
Other Income/Expense	-5.84M	-2.75M	-4.3M	-13.78M	-7.04M	-10.63M	-23.95M	-22.21M	-17.13M	-22.7M
Pretax Income+	-126.25M	25.49M	-75.3M	-263.05M	-39.02M	29.73M	25.25M	-61.4M	-195.91M	-26.45M
Pretax Margin %	-0.51%	0.08%	-0.29%	-0.85%	-0.11%	0.08%	0.04%	-0.1%	-0.34%	-0.05%
Income Tax+	-17.83M	16.89M	-22.03M	-58.88M	1.45M	6.64M	30.17M	52.87M	-60.8M	75.43M
Effective Tax Rate %	0.86%	0.34%	0.71%	0.78%	1.04%	0.78%	-0.19%	1.86%	0.69%	3.85%
Net Income+	-108.42M	8.6M	-53.27M	-204.16M	-40.47M	23.09M	-4.92M	-114.28M	-135.11M	-101.89M
Net Margin %	-0.44%	0.03%	-0.2%	-0.66%	-0.11%	0.06%	-0.01%	-0.18%	-0.23%	-0.18%
Net Income Growth %	-0.76%	1.08%	-7.19%	-2.83%	0.8%	1.57%	-1.21%	-22.21%	-0.18%	0.25%
Net Income (Continuing)	-108.42M	8.6M	-53.27M	-204.16M	-40.47M	23.09M	-4.92M	-114.28M	-135.11M	-101.89M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.84	0.05	-0.32	-1.11	-0.20	0.11	-0.02	-0.43	-0.49	-0.34
EPS Growth %	-0.62%	1.06%	-7.4%	-2.47%	0.82%	1.55%	-1.18%	-20.39%	-0.14%	0.31%
EPS (Basic)	-0.84	0.05	-0.32	-1.11	-0.20	0.11	-0.02	-0.43	-0.49	-0.34
Diluted Shares Outstanding	129.12M	164.26M	165.29M	183.65M	201.62M	215.88M	244.75M	263.12M	282.33M	295.54M
Basic Shares Outstanding	129.12M	160.87M	165.29M	183.65M	201.62M	213.88M	244.75M	263.12M	282.33M	295.54M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	104.78M	180.2M	170.66M	166.27M	242.98M	356.05M	397.21M	370.29M	309.06M	368.82M
Cash & Short-Term Investments	56.72M	142.74M	129.47M	63.43M	175.51M	274.9M	264.41M	185.97M	187.96M	251.96M
Cash Only	51.02M	129.05M	118.14M	57.01M	169.01M	238.58M	237.93M	151.44M	125.58M	202.18M
Short-Term Investments	5.7M	13.69M	11.33M	6.42M	6.51M	36.32M	26.49M	34.53M	62.38M	49.78M
Accounts Receivable	24.49M	6.94M	20.86M	66.25M	33.93M	45.91M	54.26M	41.22M	48.69M	46.17M
Days Sales Outstanding	36.09	8.44	28.87	78.4	33.58	45.7	33.73	24	30.83	30.06
Inventory	22.2M	20.25M	18.86M	32.47M	30.52M	32.51M	60.61M	64.76M	63.69M	62.52M
Days Inventory Outstanding	33.91	29.47	27.79	36.75	37.01	45.36	45.54	38.74	42.21	61.95
Other Current Assets	0	10.12M	0	2.04M	982K	0	12.57M	78.35M	8.72M	8.17M
Total Non-Current Assets+	684.91M	676.98M	610.78M	759.84M	769.97M	881.47M	1.73B	1.74B	1.67B	1.61B
Property, Plant & Equipment	647.08M	628.05M	566.2M	686.7M	712.06M	782.28M	1.53B	1.54B	1.43B	1.44B
Fixed Asset Turnover	0.38x	0.48x	0.47x	0.45x	0.52x	0.47x	0.38x	0.41x	0.40x	0.39x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	3.48M	783K	869K	22.2M	6.77M	29.55M	126.53M	143.55M	146.15M	127.54M
Total Assets+	789.7M	857.17M	781.44M	926.11M	1.01B	1.24B	2.12B	2.11B	1.98B	1.98B
Asset Turnover	0.31x	0.35x	0.34x	0.33x	0.36x	0.30x	0.28x	0.30x	0.29x	0.28x
Asset Growth %	0.02%	0.09%	-0.09%	0.19%	0.09%	0.22%	0.72%	-0.01%	-0.06%	0%
Total Current Liabilities+	89.2M	49.57M	54.38M	58.14M	71.85M	101.63M	172.82M	167.4M	120.14M	144.31M
Accounts Payable	28.29M	22.77M	29.66M	35.77M	36.3M	49.9M	72.45M	71.09M	48.16M	58.59M
Days Payables Outstanding	43.21	33.12	43.7	40.49	44.02	69.61	54.43	42.53	31.92	58.06
Short-Term Debt	34.86M	12.38M	12.46M	1.28M	1.04M	1.09M	69K	431K	426K	426K
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	580K
Other Current Liabilities	9.4M	2.22M	3.51M	1.54M	1.61M	12.04M	56K	16.4M	1.86M	1.11M
Current Ratio	1.17x	3.64x	3.14x	2.86x	3.38x	3.50x	2.30x	2.21x	2.57x	2.56x
Quick Ratio	0.93x	3.23x	2.79x	2.30x	2.96x	3.18x	1.95x	1.83x	2.04x	2.12x
Cash Conversion Cycle	26.79	4.78	12.95	74.66	26.57	21.45	24.83	20.21	41.12	33.95
Total Non-Current Liabilities+	155.78M	185.9M	144.58M	273.4M	278.78M	285.65M	541.2M	531.31M	498.1M	484.41M
Long-Term Debt	11.38M	31.56M	19.3M	148.23M	154.64M	141.73M	181.11M	209.81M	218.98M	208.66M
Capital Lease Obligations	7.36M	2.11M	419K	2.94M	15.02M	15.22M	28.04M	23.76M	19.33M	11.32M
Deferred Tax Liabilities	120.11M	138.18M	103.39M	90.64M	63.92M	48.73M	150.84M	122.47M	79.02M	80.09M
Other Non-Current Liabilities	1.33M	2.74M	5.39M	3.79M	45.2M	79.98M	181.22M	175.28M	180.77M	184.34M
Total Liabilities	244.98M	235.47M	198.96M	331.54M	350.63M	387.28M	714.02M	698.71M	618.24M	628.72M
Total Debt+	63.19M	52.12M	33.88M	155.36M	177.62M	163.4M	221.04M	247.82M	256.11M	236.62M
Net Debt	12.18M	-76.92M	-84.26M	98.35M	8.61M	-75.18M	-16.89M	96.39M	130.53M	34.44M
Debt / Equity	0.12x	0.08x	0.06x	0.26x	0.27x	0.19x	0.16x	0.18x	0.19x	0.18x
Debt / EBITDA	-	0.48x	3.12x	-	5.04x	1.69x	1.32x	2.52x	-	1.90x
Net Debt / EBITDA	-	-0.71x	-7.76x	-	0.24x	-0.78x	-0.10x	0.98x	-	0.28x
Interest Coverage	-25.72x	8.60x	-24.35x	-24.07x	-2.60x	3.34x	2.89x	-3.15x	-11.72x	-0.26x
Total Equity+	544.72M	621.7M	582.49M	594.57M	662.32M	850.24M	1.41B	1.41B	1.36B	1.35B
Equity Growth %	0.05%	0.14%	-0.06%	0.02%	0.11%	0.28%	0.66%	0%	-0.04%	-0.01%
Book Value per Share	4.22	3.78	3.52	3.24	3.29	3.94	5.76	5.36	4.81	4.57
Total Shareholders' Equity	544.72M	621.7M	582.49M	594.57M	662.32M	850.24M	1.41B	1.41B	1.36B	1.35B
Common Stock	557.48M	628.57M	636.67M	827.62M	933.18M	1.09B	1.66B	1.78B	1.88B	1.98B
Retained Earnings	-71.82M	-63.22M	-116.49M	-321.08M	-361.55M	-338.9M	-347.75M	-468.9M	-609.88M	-717.06M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	59.06M	56.35M	62.3M	88.03M	90.69M	102M	98.94M	98.91M	88.03M	90.03M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	56.09M	100.01M	70.45M	33.26M	140.03M	79.71M	68.72M	12.89M	48.39M	151.97M
Operating CF Margin %	0.23%	0.33%	0.27%	0.11%	0.38%	0.22%	0.12%	0.02%	0.08%	0.27%
Operating CF Growth %	-0.4%	0.78%	-0.3%	-0.53%	3.21%	-0.43%	-0.14%	-0.81%	2.75%	2.14%
Net Income	-108.42M	8.6M	-53.27M	-204.16M	-40.47M	23.09M	-4.92M	-109.75M	-137.59M	-101.89M
Depreciation & Amortization	75.82M	80.35M	78.08M	94.52M	119.74M	56.28M	118.28M	137.83M	136.96M	135.1M
Stock-Based Compensation	4.93M	4.4M	8.29M	7.38M	8.32M	8.26M	12.29M	0	0	13.49M
Deferred Taxes	-17.83M	16.89M	-22.03M	-58.88M	1.45M	6.64M	30.17M	-3.24M	-76.18M	75.43M
Other Non-Cash Items	100.86M	-7.69M	63.8M	215.58M	13.65M	8.28M	-55.6M	16.94M	144.08M	599K
Working Capital Changes	735K	-2.54M	-4.42M	-21.17M	37.33M	-22.83M	-31.5M	-28.88M	-18.88M	29.23M
Change in Receivables	-1.92M	7.36M	-3.89M	771K	1.3M	-27.5M	6.45M	827.85K	-9.44M	6.61M
Change in Inventory	6.42M	2.83M	2.65M	2.02M	2.83M	-4.29M	-8.96M	-3.31M	-514.26K	2.27M
Change in Payables	-6.29M	-8.47M	1.65M	-6.39M	8.96M	10.77M	16.58M	-21.85M	-6.31M	2.82M
Cash from Investing+	-28.68M	-66.59M	-75.93M	-117.04M	-116.93M	-127.11M	-180.75M	-205.33M	-156.82M	-114.16M
Capital Expenditures	-56.94M	-62.46M	-75.51M	-111.31M	-118.61M	-45.84M	-56.56M	-210.14M	-150.08M	-115.12M
CapEx % of Revenue	0.23%	0.21%	0.29%	0.36%	0.32%	0.13%	0.1%	0.34%	0.26%	0.21%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	41.25M	43.25M	-416K	-79.25M	-1.75M	-81.27M	-123.25M	4.82M	0	961K
Cash from Financing+	-15.78M	44.83M	-8.65M	25.44M	87.68M	116.57M	111.82M	112.42M	74.46M	42.41M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-3.93M	-6.59M	-5.98M	-5.3M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4.95M	15.45M	2.96M	-528K	10.98M	9.81M	17.47M	-12.94M	-15.52M	85.25M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-843K	37.55M	-5.06M	-78.05M	21.42M	-34.78M	-120.24M	-196.16M	-100.26M	36.85M
FCF Margin %	-0%	0.13%	-0.02%	-0.25%	0.06%	-0.09%	-0.2%	-0.31%	-0.17%	0.07%
FCF Growth %	0.92%	45.55%	-1.13%	-14.42%	1.27%	-2.62%	-2.46%	-0.63%	0.49%	1.37%
FCF per Share	-0.01	0.23	-0.03	-0.42	0.11	-0.16	-0.49	-0.75	-0.36	0.12
FCF Conversion (FCF/Net Income)	-0.52x	11.63x	-1.32x	-0.16x	-3.46x	3.45x	-13.96x	-0.11x	-0.36x	-1.49x
Interest Paid	0	0	0	0	0	0	0	0	0	8.77M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-20.36%	1.47%	-8.85%	-34.69%	-6.44%	3.05%	-0.44%	-8.1%	-9.76%	-7.52%
Return on Invested Capital (ROIC)	-16.13%	3.85%	-10.21%	-31.39%	-3.52%	4.19%	3.4%	-2.03%	-8.95%	-0.2%
Gross Margin	3.52%	16.4%	6.06%	-4.54%	18.4%	28.65%	17.27%	2.67%	4.45%	34.29%
Net Margin	-43.77%	2.87%	-20.2%	-66.2%	-10.97%	6.3%	-0.84%	-18.23%	-23.44%	-18.17%
Debt / Equity	0.12x	0.08x	0.06x	0.26x	0.27x	0.19x	0.16x	0.18x	0.19x	0.18x
Interest Coverage	-25.72x	8.60x	-24.35x	-24.07x	-2.60x	3.34x	2.89x	-3.15x	-11.72x	-0.26x
FCF Conversion	-0.52x	11.63x	-1.32x	-0.16x	-3.46x	3.45x	-13.96x	-0.11x	-0.36x	-1.49x
Revenue Growth	-8.94%	21.14%	-12.12%	16.96%	19.59%	-0.59%	60.15%	6.75%	-8.05%	-2.74%

Frequently Asked Questions

Growth & Financials

First Majestic Silver Corp. (AG) reported $970.8M in revenue for fiscal year 2024. This represents a 295% increase from $245.5M in 2011.

First Majestic Silver Corp. (AG) saw revenue decline by 2.7% over the past year.

Yes, First Majestic Silver Corp. (AG) is profitable, generating $76.3M in net income for fiscal year 2024 (-18.2% net margin).

Dividend & Returns

First Majestic Silver Corp. (AG) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

First Majestic Silver Corp. (AG) has a return on equity (ROE) of -7.5%. Negative ROE indicates the company is unprofitable.

First Majestic Silver Corp. (AG) generated $130.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.