First Majestic Silver Corp (AG)
First Majestic Silver Corp reported revenue of $1.3B in fiscal 2025, up 124.3% from a year earlier. Net income was $164.9M, a net margin of 13.1%. Operating cash flow minus capital spending left $463.9M of free cash flow in fiscal 2025. At December 31, 2025 it held $793.4M in cash against $292.2M of debt. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on March 31, 2026.
Key facts about First Majestic Silver Corp
- Net worth
- First Majestic Silver Corp has a market value (market cap) of $7.4B at the latest share price, and shareholders' equity of $2.8B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.3B (+124.3% year on year), with net income of $164.9M.
- Cash flow
- In fiscal 2025 operations brought in $526M of cash; after $62.1M of capital spending, free cash flow was $463.9M.
- Latest report
- The latest periodic report (annual report (Canadian issuer), 40-F) was filed with the SEC on March 31, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What First Majestic Silver Corp does
First Majestic Silver Corp is registered with the SEC under industry code SIC 1040 (Gold and Silver Ores). Its shares trade on NYSE under the ticker AG.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.3B | $164.9M | $0.34 | $463.9M |
| 2024 | $560.6M | -$101.9M | -$0.34 | $131.9M |
| 2023 | $573.8M | -$135.1M | -$0.48 | $23.6M |
| 2022 | $624.2M | -$114.3M | -$0.43 | -$40.7M |
| 2021 | $584.1M | -$4.9M | -$0.02 | $12.2M |
| 2020 | $363.9M | $23.1M | $0.11 | $36.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AG ranks in Basic materials
Dividends
It paid out $9.8M in cash dividends, 6% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $9.8M | 6% |
| 2024 | n/a | $5.3M | n/a |
| 2023 | n/a | $5.9M | n/a |
| 2022 | n/a | $6.9M | n/a |
| 2021 | n/a | $3.9M | n/a |
| 2020 | n/a | $0 | 0% |
Latest SEC filings
What First Majestic Silver Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026
- October 13, 2026
- October 8, 2026
- September 9, 2026
- August 25, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- July 31, 2026
- July 30, 2026
- July 30, 2026
- July 9, 2026
Insider trades
What the people running First Majestic Silver Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns AG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Van Eck Associates Corporation13G, passive | 7.2% | August 14, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 347 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Van Eck Associates Corp | 35,668,213 | -2,344,839 |
| Tidal Investments LLC | 19,678,915 | -1,380,889 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 16,363,904 | -2,129,889 |
| Vanguard Capital Management LLC | 13,502,343 | +247,080 |
| Jupiter Asset Management Ltd | 10,228,905 | +1,507,022 |
| Alps Advisors Inc | 9,207,971 | -1,109,440 |
| Citadel Advisors LLC | 7,953,975 | +4,207,446 |
| Morgan Stanley | 7,077,664 | +2,528,329 |
| Lingotto Investment Management LLP | 5,334,603 | -4,681,452 |
| Vanguard Fiduciary Trust Co | 4,306,421 | +75,846 |
| Bank of Montreal | 3,800,996 | +1,658,148 |
| Bank of America Corp | 3,730,131 | -2,352,693 |
| Barclays PLC | 3,707,256 | +3,291,173 |
| Dimensional Fund Advisors LP | 3,522,984 | +867,776 |
| Manufacturers Life Insurance Company, The | 3,516,832 | +1,371,189 |
| Toronto Dominion Bank | 3,365,347 | +2,430,121 |
| Goldman Sachs Group Inc | 3,356,440 | +1,581,182 |
| Renaissance Technologies LLC | 3,092,824 | +171,032 |
| Teacher Retirement System of Texas | 2,653,148 | -2,079,000 |
| Susquehanna International Group, Llp | 2,325,213 | -2,342,646 |
Insiders
Questions about AG
What does First Majestic Silver Corp do?
First Majestic Silver Corp is a company in the Basic materials sector, listed on NYSE as AG. Its shares trade on NYSE under the ticker AG.
What is First Majestic Silver Corp's net worth?
First Majestic Silver Corp has a market value (market cap) of $7.4B at the latest share price, and shareholders' equity of $2.8B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is First Majestic Silver Corp profitable?
Yes. In fiscal 2025 it reported net income of $164.9M on revenue of $1.3B, a net margin of 13.1%.
How much revenue does First Majestic Silver Corp make?
In fiscal 2025 First Majestic Silver Corp reported revenue of $1.3B. That is 124.3% more than a year earlier.
When did First Majestic Silver Corp last report?
Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on March 31, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from November 5, 2026.
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Where the numbers come from
Financial figures are the values First Majestic Silver Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.