AGNICO EAGLE MINES LTD financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data AGNICO EAGLE MINES LTD files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	2,138	2,243	2,192	2,497	3,138	3,870	5,743	6,628	8,286	11,908
Cost of revenue	1,032	1,058	1,160	1,248	1,424	1,773	2,643	2,933	3,086	3,341
Gross profit	1,106	1,185	1,032	1,249	1,714	2,097	3,099	3,695	5,200	8,567
Selling, general and administrative	103	115	125	121	116	142	221	208	207	236
Operating income	1,080	1,043	504	1,488	1,600	1,944	2,772
Interest expense	74.6	78.9	96.6	105	95.1	92	82.9	130	127	91.1
Pre-tax income	268	339	-259	739	768	933	1,115	2,359	2,822	6,704
Income tax	110	98.5	67.6	266	256	371	445	418	926	2,242
Net income	159	241	-327	473	512	562	670	1,941	1,896	4,461
EPS, basic	0.71	1.05	-1.40	2.00	2.12	2.31	1.53	3.97	3.79	8.89
EPS, diluted	0.70	1.04	-1.40	1.99	2.10	2.30	1.53	3.95	3.78	8.86

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	540	633	302	322	403	186	659	339	926	2,866
Short-term investments	8.42	10.9	6.08	6.01	3.94	5.29
Inventory	444	501	494	580	630	879	1,209	1,419	1,511	1,699
Total current assets	1,230	1,462	1,072	1,102	1,247	1,302	2,180	2,191	2,805	4,994
Property, plant and equipment	5,106	5,627	6,234	7,004	7,325	7,676	18,459	21,222	21,466	22,851
Lease right-of-use assets			83.7	118	113	134	166	182	172	126
Goodwill	697	697	408	408	408	408	2,044	4,158	4,158	4,158
Intangible assets							13.3
Total assets	7,108	7,866	7,853	8,790	9,615	10,216	23,495	28,685	29,987	34,471
Accounts payable	229	291	311	346	364	415	673	750	823	1,033
Total current liabilities	424	334	361	776	516	762	946	1,048	1,512	2,472
Lease liabilities				102	99.4	98.4	115	115	98.9	94.7
Total liabilities	2,615	2,919	3,303	3,678	3,932	4,216	7,253	9,262	9,154	9,729
Paid-in capital	37.3	37.3	37.3	37.3	37.3	37.3	23.3	22.1
Retained earnings	-744	-599	-989	-647	-366	-146	-202	963	2,026	5,464
Total equity	4,492	4,947	4,550	5,112	5,683	6,000	16,241	19,423	20,833	24,742
Total liabilities and equity	7,108	7,866	7,853	8,790	9,615	10,216	23,495	28,685	29,987	34,471

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	159	241	-327	473	512	562	670	1,941	1,896	4,461
Cash from operations	779	768	606	882	1,192	1,345	2,097	2,602	3,961	6,817
Capital expenditures	-516	-874	-1,089	-883	-759	-897	-1,538	-1,654	-1,818	-2,418
Cash from investing	-553	-1,000	-1,204	-874	-809	-1,264	-710	-2,761	-2,007	-2,598
Debt issued	125	280	300	220
Debt repaid	-405	-410	-300	-220
Stock issued	29	225	13.8	15.5	13.9	18.4	20.3	29.9	37	42.4
Share buybacks	-15.6	-24.7	-30.1	-24.7	-39.6	-34.6	-110	-47	-169	-683
Dividends paid	-71.4	-76.1	-84	-105	-190	-275	-608	-639	-672	-728
Cash from financing	190	329	274	10.6	-303	-297	-915	-164	-1,356	-2,287
Exchange rate effect	0.31	-3.67	-6.53	1.65	0.21	-0.8	1.51	3.2	-9.66	7.95
Net change in cash	416	93	-331	20.1	80.6	-217	473	-320	588	1,940
Free cash flow	263	-107	-483	-0.97	433	448	558	947	2,143	4,399

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $194.48 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	71.9%	Gross profit / revenue.
Pre-tax margin	56.3%	Pre-tax income / revenue.
Net margin	37.5%	Net income / revenue.
FCF margin	36.9%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	57.2%	Cash from operations / revenue.
Effective tax rate	33.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	13.8%	Net income / average total assets.
SG&A / revenue	2.0%	Selling, general and administrative expense / revenue.
Capex / revenue	20.3%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	43.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	27.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	30.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	64.8%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	40.3%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	38.0%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	135.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	88.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	54.2%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	134.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	79.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	33.4%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	72.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	48.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	41.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	105.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	99.0%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	59.0%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	15.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	13.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	29.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.02x	Current assets / current liabilities.
Quick ratio	1.16x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.16x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	28.2%	Total liabilities / total assets.
Working capital	$2.52B	Current assets - current liabilities.
Goodwill and intangibles / assets	12.1%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.37x	Revenue / average total assets.
Fixed asset turnover	0.54x	Revenue / average property, plant and equipment.
Inventory turnover	2.08x	Cost of revenue / average inventory.
Days inventory	175 days	365 x average inventory / cost of revenue.
Days payables	101 days	365 x average accounts payable / cost of revenue.
FCF conversion	98.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	35.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$8.86	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$8.89	Net income per basic share, as reported (split-adjusted).
Payout ratio	16.3%	Dividends paid / net income, when net income is positive.
Dividends / FCF	16.6%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	15.5%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$98.71B	Share price x shares outstanding.
Enterprise value	$95.84B	Market cap + total debt - cash - short-term investments.
P/E	22.1x	Market cap / net income. Only when net income is positive.
P/S	8.29x	Market cap / revenue.
P/FCF	22.4x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	14.5x	Market cap / cash from operations, when positive.
EV/Sales	8.05x	Enterprise value / revenue.
EV/FCF	21.8x	Enterprise value / free cash flow, when both are positive.
FCF yield	4.5%	Free cash flow / market cap.
Earnings yield	4.5%	Net income / market cap (the inverse of P/E).
Dividend yield	0.7%	Dividends paid over the period / market cap.
Shareholder yield	1.4%	(Dividends paid + share buybacks) / market cap.
PEG	0.28x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was AGNICO EAGLE MINES LTD's revenue in fiscal 2025?

AGNICO EAGLE MINES LTD reported revenue of $11.91B for fiscal 2025, 43.7% higher than the year before.

Was AGNICO EAGLE MINES LTD profitable in fiscal 2025?

Yes. Net income was $4.46B, a net margin of 37.5%.

How much free cash flow did AGNICO EAGLE MINES LTD generate in fiscal 2025?

Cash from operations of $6.82B minus capital expenditures of $2.42B left free cash flow of $4.40B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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