First Majestic Silver vs Silvercorp Metals
First Majestic Silver is the larger business, with $1.26bn of revenue in fiscal 2025 against $438m for Silvercorp Metals (2.9 times as much). First Majestic Silver grew faster (124.3% against 46.6%). First Majestic Silver kept more of each dollar of sales as profit: a net margin of 13.1% against -2.3%. Silvercorp Metals carries less debt relative to equity (0.0% against 10.6%).
| Latest fiscal year | First Majestic SilverAG, 2025 | Silvercorp MetalsSVM, 2026 |
|---|---|---|
| Revenue | $1.26bn | $438m |
| Revenue growth | 124.3% | 46.6% |
| Net income | $165m | −$9.9m |
| Operating margin | 31.6% | 18.7% |
| Net margin | 13.1% | -2.3% |
| Return on equity | 8.0% | -1.2% |
| Free cash flow | $464m | $298m |
| Cash | $793m | $422m |
| Total debt | $292m | $0 |
| Debt to equity | 10.6% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 0.1% | 0.3% |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $6.82bn | $1.74bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |