First Majestic Silver Corp. (AG) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AG Revenue Growth
AG Revenue Analysis (2014–2025)
As of May 8, 2026, First Majestic Silver Corp. (AG) generated trailing twelve-month (TTM) revenue of $1.27 billion, reflecting explosive growth of +171.8% year-over-year. The most recent quarter (Q4 2025) recorded $471.1 million in revenue, up 64.3% sequentially.
Looking at the longer-term picture, AG's 5-year compound annual growth rate (CAGR) stands at +28.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.28 billion in 2025, representing a new all-time high.
When compared to Basic Materials sector peers including PAAS (+34.3% YoY), HL (+57.0% YoY), and CDE (+113.7% YoY), AG has outperformed the peer group in terms of revenue growth. Compare AG vs PAAS →
AG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AGCurrent | $1.3B | +171.8% | +28.4% | 27.8% | |
 PAAS | $3.7B | +34.3% | +22.4% | 32.3% | |
 HL | $1.4B | +57.0% | +15.5% | 37.5% | |
 CDE | $2.1B | +113.7% | +21.4% | 36.3% | |
 EXK | $218M | +46.1% | +12.3% | 3.8% | |
 AEM | $11.9B | +44.2% | +29.2% | 53.1% |
AG Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.28B | +128.2% | $445.3M | 34.8% | $356.1M | 27.8% |
| 2024 | $560.6M | -2.7% | $192.2M | 34.3% | $-3,755,000 | -0.7% |
| 2023 | $576.4M | -8.1% | $25.6M | 4.4% | $-178,784,000 | -31.0% |
| 2022 | $626.9M | +6.7% | $16.8M | 2.7% | $-39,193,000 | -6.3% |
| 2021 | $587.2M | +60.1% | $101.4M | 17.3% | $49.2M | 8.4% |
| 2020 | $366.7M | -0.6% | $105.1M | 28.7% | $40.4M | 11.0% |
| 2019 | $368.8M | +19.6% | $67.9M | 18.4% | $-31,986,000 | -8.7% |
| 2018 | $308.4M | +17.0% | $-14,009,000 | -4.5% | $-249,267,000 | -80.8% |
| 2017 | $263.7M | -12.1% | $16.0M | 6.1% | $-70,996,000 | -26.9% |
| 2016 | $300.1M | +21.1% | $49.2M | 16.4% | $28.2M | 9.4% |
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Start ComparisonAG — Frequently Asked Questions
Quick answers to the most common questions about buying AG stock.
Is AG's revenue growth accelerating or slowing?
AG revenue is accelerating at +171.8% year-over-year, exceeding the 5-year CAGR of +28.4%. TTM revenue reached $1.3B. Growth momentum has increased versus prior periods.
What is AG's long-term revenue growth rate?
First Majestic Silver Corp.'s 5-year revenue CAGR of +28.4% reflects the sustained expansion pattern. Current YoY growth of +171.8% is above this long-term average.
How is AG's revenue distributed by segment?
AG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.