First Majestic Silver Corp.

AGNYSEBasic Materials● Active

$17.27

+$0.28(+1.62%)

Market Cap$8.5B

P/E Ratio—

52W High$32.04

52W Low$7.74

Avg Volume15.8M

Open$17.25

Beta2.07

Free Cash Flow Financials Revenue

First Majestic Silver Corp. (AG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AG · free cash flow · updated Jun 8, 2026

Core FCF metrics

AG · FCF · TTM · margin & CAGR

Free cash flow was $351.6M for FY2025 (fiscal year ending 2025-12-31), up 854.1% year-over-year The FCF margin was 27.5%.

FY2025 Free Cash Flow$351.6M▲ +854.1% YoY

Trailing 12M (TTM)$541.7Mtrailing 4 quarters sum

FCF Margin27.5%$351.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$565.9M(214M)$351.6M▲ +854.1%27.5%

FY2024$152.0M(115M)$36.8M▲ +136.8%6.6%

FY2023$48.4M(149M)−$100.3M▲ +48.9%-17.4%

FY2022$12.9M(209M)−$196.2M▼ 63.1%-31.3%

FY2021$68.7M(189M)−$120.2M▼ 245.8%-20.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AG · P/FCF · FCF yield · FCF per share

First Majestic Silver Corp. (AG) trades at a FCF yield of 6.33% and a price-to-free-cash-flow ratio of 15.3x. FCF per share stands at $1.13, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.33%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.13

TTM FCF ÷ Shares Outstanding

Price / FCF

x15.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x14.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AG · cash flow statement · operating / investing / financing

For FY2025, First Majestic Silver Corp. generated $565.9M in operating cash flow and spent 214M in capital expenditures, yielding $351.6M in free cash flow.

Operating Activities

+$565.9M

Cash from core business operations

2025-12-31

Investing Activities

−$28.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$98.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($565.9M) − |CapEx| (214M) = FCF ($351.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

AG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

First Majestic Silver Corp.YOU

$351.6M+854.1%27.5%

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

First Majestic Silver Corp. (AG) reported free cash flow of $351.6M for FY2025 (fiscal year ending 2025-12-31), up 854.1% year-over-year. The FCF margin was 27.5%.

Based on available data, First Majestic Silver Corp. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $351.6M in FY2025.

First Majestic Silver Corp.'s FCF yield is 6.33% and price-to-FCF ratio is 15.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AG free cash flow · 8 questions

First Majestic Silver Corp. free cash flow was $351.6M for FY2025, up 854.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $541.7M.

AG free cash flowAG FCFAG FCF 2025AG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · First Majestic Silver Corp. · First Majestic Silver Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026