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First Majestic Silver (AG) earnings and revenue breakdown

Latest: Q3 2026 · 6-K filed Nov 5, 2026 · First Majestic Silver (AG) Q3 2026 earnings results →

Q3 2026 19¢ of every $1 of revenue kept as net profit · operating margin 38.6%

First Majestic Silver made $394M in Q3 2026. Operating margin 38.6%, net earnings $74.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 6-K filed Nov 5, 2026.

Revenue$394M
Year over year—
Operating margin38.6%
Net earnings$74.5M
Operating cash flow—

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $394.1M in Q3 2026.

Operating profit was $152.3M, a 38.6% margin. Net earnings were $74.5M. The effective tax rate was 46.5%.

Quarterly history

QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 20266-KNov 5, 2026$394M—38.6%$74.5M—

Charts

First Majestic Silver: where the cash came from (+) and went (−), FY2025First Majestic Silver: where the cash came from (+) and went (−), FY2025Operating cash flow$526MCash drawn (+) / kept (−)−$464MCapital spending−$62.1M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

In supply chains and themes

Gold & silver miners money flowGold & silver miners · Silver miners

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About First Majestic Silver

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A. First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at www.firstmint.com , at some of the lowest premiums available.

In its own words, from its 6-K, filed Nov 7, 2024.

First Majestic Silver against its Gold and Silver Ores peers

The largest companies of the same SEC industry, each at its latest quarter. Operating margin: 38.6% against the peers' median 38.5%.

CompanyQuarterRevenueY/YOp. margin
AG First Majestic SilverQ3 2026$394M—38.6%
NEM NewmontQ3 2026$6.4B+15%49.7%
B Barrick MiningQ2 2025$3.7B+16%38.5%
CDE Coeur MiningQ3 2026$984M+77%17.7%
WPM Wheaton Precious MetalsQ3 2026$772M—66.2%
FNV Franco NevadaQ2 2025$369M+42%82.8%
MUX McEwenQ2 2026$59.2M+27%13.0%
IAUX i-80 GoldQ3 2026$32.7M+2%-132.4%
URG Ur-EnergyQ2 2026$14.4M+38%-128.3%

Source: First Majestic Silver 6-K on SEC EDGAR · CIK 1308648 · Gold and Silver Ores

13F: who owns AG and who is buying

Largest holders of AG (13F)Largest holders of AG (13F)Van ECK Associates$605MTidal Investments LLC$334MVanguard Group$317MMirae Asset Global ETFS Holdings$278MVanguard Capital Management LLC$229MJupiter Asset Management$174MAlps Advisors$156MCitadel Advisors LLC$135MBarclays$121MMorgan Stanley$120M
Funds' net buying of AG by quarter (13F)Funds' net buying of AG by quarter (13F)−$3.3M2024-09$33.3M2024-12$401M2025-03$218M2025-06$212M2025-09−$81.3M2025-12$69.9M2026-03−$138M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on AG

History

Every quarter: Q3 2026 results

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