Agnico Eagle Mines Limited (AEM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$2.91	$3.05	+4.8%	—	—	—
Q3 26	$3.21	$3.4	+5.9%	—	—	—
Q2 26	$2.98	$3.14	+5.4%	—	—	—
Q1 26	$1.96	$2.16	+10.2%	—	—	—
Q4 25	$1.8	$1.94	+7.8%	—	—	—
Q3 25	$1.38	$1.53	+10.9%	—	—	—
Q2 25	$1.17	$1.26	+7.7%	—	—	—
Q1 25	$1.02	$1.14	+11.8%	—	—	—
Q4 24	$0.91	$1.07	+17.6%	—	—	—
Q3 24	$0.6	$0.76	+26.7%	—	—	—
Q2 24	$0.49	$0.57	+16.3%	—	—	—
Q1 24	$0.46	$0.44	-4.3%	—	—	—
Q4 23	$0.55	$0.65	+18.2%	—	—	—
Q3 23	$0.49	$0.57	+16.3%	—	—	—
Q2 23	$0.41	$0.41	0.0%	—	—	—
Q1 23	$0.43	$0.52	+20.9%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$8.89	—	—	$11.9B	—
FY24	—	$3.79	—	—	$8.3B	—
FY23	—	$3.97	—	—	$6.6B	—
FY22	—	$1.53	—	—	$5.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.1B	$2.2B	$2.2B	$2.5B	$3.1B	$3.9B	$5.7B	$6.6B	$8.3B	$11.9B
YoY change	+7.7%	+4.88%	-2.29%	+13.9%	+25.8%	+23.3%	+48.4%	+15.4%	+25%	+43.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.1B	2.2B	2.2B	2.5B	3.1B	3.9B	5.7B	6.6B	8.3B	11.9B
Cost of revenue	1.6B	1.6B	1.7B	1.8B	2.1B	2.5B	3.7B	4.4B	4.6B	5B
Gross profit	493.2M	676M	476.9M	701.1M	1.1B	1.4B	2B	2.2B	3.7B	6.9B
Gross margin	23.1%	30.1%	21.8%	28.1%	34.5%	35.1%	34.9%	33.2%	44.5%	58.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	102.8M	115.1M	124.9M	121M	116.3M	142M	220.9M	208.5M	207.4M	235.9M
Operating expenses	253.8M	257.7M	284.1M	234.3M	260.8M	301.6M	518.3M	459.9M	475.6M	524.1M
Operating income	239.4M	418.3M	192.9M	466.8M	822M	1.1B	1.4B	1.7B	3.1B	6.3B
Operating margin	11.2%	18.7%	8.8%	18.7%	26.2%	27.3%	25.1%	25.6%	38%	53.1%
Non-operating income, net	103.7M	-10.6M	-372.7M	364.6M	32.3M	-42.5M	-270.3M	753.7M	-253.1M	362.5M
Pretax income	268.5M	339.3M	-259.1M	738.7M	767.6M	932.7M	1.1B	2.4B	2.8B	6.7B
Income tax	109.6M	98.5M	67.6M	265.6M	256M	370.8M	445.2M	417.8M	926M	2.2B
Net income	158.8M	240.8M	-326.7M	473.2M	511.6M	561.9M	670.2M	1.9B	1.9B	4.5B
Net margin	7.43%	10.7%	-14.9%	19%	16.3%	14.5%	11.7%	29.3%	22.9%	37.5%
EBITDA	836.3M	939.7M	750.8M	1B	1.4B	1.8B	2.5B	3.2B	4.6B	8B
EPS	0.71	1.06	-1.4	2	2.12	2.23	1.53	3.97	3.79	8.89
Diluted EPS	0.7	1.05	-1.4	1.99	2.1	2.22	1.53	3.95	3.78	8.86

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.6B	1.8B	1.8B	2.1B	2.2B	2.2B	2.5B	2.8B	3.1B	3.6B	4.1B	3.8B
Cost of revenue	1.2B	1.2B	1.1B	1.2B	1.2B	1.1B	1.2B	1.2B	1.3B	1.4B	1.4B	1.4B
Gross profit	461.9M	587.6M	689M	926.2M	981.7M	1.1B	1.3B	1.6B	1.8B	2.2B	2.7B	2.4B
Gross margin	28.1%	33.5%	37.7%	44.6%	45.5%	49%	52%	58.6%	58.5%	61.7%	66.4%	63.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	38.9M	74M	48.1M	48.8M	48.5M	62M	60.7M	57.9M	67.8M	49.6M	77.8M	57.9M
Operating expenses	102.4M	155.7M	101.1M	107.2M	115.1M	152.2M	110.2M	124.2M	127.4M	184.2M	144.4M	128.6M
Operating income	347.1M	417.6M	576.8M	808.8M	852.8M	911M	1.2B	1.5B	1.6B	2B	2.6B	2.3B
Operating margin	21.1%	23.8%	31.5%	39%	39.6%	41%	47%	53.6%	53.8%	55.9%	62.4%	60%
Non-operating income, net	-47.8M	-741.8M	-54.6M	-67.6M	11M	-141.9M	50.1M	123M	-45.3M	238.3M	-5M	32.2M
Pretax income	265.2M	-324.1M	489M	710.2M	839.8M	782.5M	1.2B	1.6B	1.6B	2.3B	2.6B	2.3B
Income tax	90.4M	56.9M	141.9M	238.2M	272.7M	273.3M	379.8M	547.9M	520.6M	794.1M	864.2M	722.4M
Net income	174.8M	-381M	347.2M	472M	567.1M	509.3M	814.7M	1.1B	1.1B	1.5B	1.7B	1.6B
Net margin	10.6%	-21.7%	19%	22.7%	26.3%	22.9%	33%	38%	34.5%	42.7%	41.4%	42.1%
EBITDA	759.6M	799.4M	927.5M	1.2B	1.3B	1.3B	1.6B	1.9B	2B	2.5B	3B	2.7B
EPS	0.35	-0.77	0.7	0.95	1.13	1.02	1.62	2.13	2.1	3.04	3.39	3.19
Diluted EPS	0.35	-0.77	0.7	0.94	1.13	1.01	1.62	2.12	2.1	3.04	3.38	3.17

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	9.4B	10.6B	9.4B	14.6B	17B	13B	—	—	39.1B	85.1B	93.2B
Enterprise value	9.9B	11.2B	10.8B	16.1B	18.3B	14.5B	—	—	39.4B	82.5B	95.3B
Shares outstanding	222.7M	230.3M	233.3M	236.9M	241.5M	243.7M	437.7M	488.7M	499.9M	502M	502M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	58.9	44.2	—	30.9	33.3	23	—	—	20.6	19.1	15.9
P/S	4.38	4.74	4.3	5.85	5.43	3.35	—	—	4.72	7.15	6.47
P/B	2.08	2.15	2.07	2.86	3	2.16	—	—	1.88	3.44	3.28
EV/EBITDA	11.9	12	14.3	15.6	12.7	8.08	—	—	8.53	10.3	9.39
EV/Sales	4.64	5.01	4.91	6.45	5.83	3.74	—	—	4.76	6.93	6.56
Earnings yield	1.7%	2.26%	—	3.24%	3%	4.34%	—	—	4.85%	5.24%	6.3%
FCF yield	2.81%	-1%	-5.13%	-0.01%	2.54%	3.08%	—	—	5.44%	5.01%	4.59%
PEG	—	—	—	—	—	—	—	—	—	—	0.32

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	23.1%	30.1%	21.8%	28.1%	34.5%	35.1%	34.9%	33.2%	44.5%	58.1%	63.8%
Operating margin	11.2%	18.7%	8.8%	18.7%	26.2%	27.3%	25.1%	25.6%	38%	53.1%	58.1%
Net margin	7.43%	10.7%	-14.9%	19%	16.3%	14.5%	11.7%	29.3%	22.9%	37.5%	40.4%
ROE	3.54%	4.87%	-7.18%	9.26%	9%	9.37%	4.13%	9.99%	9.1%	18%	23%
ROA	2.23%	3.06%	-4.16%	5.38%	5.32%	5.5%	2.85%	6.77%	6.32%	12.9%	15.7%
ROIC	2.8%	5.34%	3.28%	4.52%	7.87%	8.48%	5.08%	6.62%	9.99%	19%	22.3%
Return on tangible assets	2.78%	3.72%	-4.64%	5.93%	5.81%	5.98%	3.46%	9.53%	8.75%	17.1%	19.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.9	4.38	2.97	1.42	2.42	1.71	2.3	2.09	1.86	2.02	2.86
Quick ratio	1.86	2.88	1.6	0.67	1.2	0.56	1.03	0.74	0.86	1.33	2.02
Debt / equity	0.27	0.28	0.38	0.36	0.3	0.28	0.09	0.1	0.06	0.01	0.01
Debt / assets	0.17	0.18	0.22	0.21	0.18	0.17	0.06	0.07	0.04	0.01	0.01
Net debt / EBITDA	0.69	0.65	1.78	1.46	0.89	0.84	0.33	0.52	0.08	-0.32	-0.31
Interest coverage	4.6	5.3	-2.2	9.14	10.3	13.2	19.2	26.9	33.6	201.5	91.1
Effective tax rate	40.8%	29%	0%	35.9%	33.3%	39.8%	39.9%	17.7%	32.8%	33.4%	33.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	9.6	9.74	9.39	10.5	13	15.9	13.1	13.6	16.6	23.7	29
EPS (basic)	0.71	1.06	-1.4	2	2.12	2.23	1.53	3.97	3.79	8.89	8.89
EPS (diluted)	0.7	1.05	-1.4	1.99	2.1	2.22	1.53	3.95	3.78	8.86	11.7
Book value per share	20.2	21.5	19.5	21.6	23.5	24.6	37.1	39.7	41.7	49.3	56.5
FCF per share	1.18	-0.46	-2.07	-0	1.79	1.63	1.28	1.92	4.25	8.49	9.04
Cash per share	2.88	3.33	1.65	1.42	1.68	0.78	1.53	0.71	1.87	5.73	6.87
Capex per share	2.32	3.8	4.52	3.71	3.14	3.87	3.51	3.41	3.67	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	24.1%	39%	48.1%	35.2%	24.2%	24.4%	26.8%	25.1%	22.1%	—	—
Capex / operating cash flow	58%	116.9%	497.3%	71%	58.9%	73.8%	77.4%	86.7%	47.8%	—	—
Payout ratio	44.9%	31.6%	-25.7%	22.3%	37.2%	49%	90.8%	32.9%	35.4%	16.3%	14.5%
Dividend yield	0.76%	0.72%	0.89%	0.72%	1.12%	2.12%	—	—	1.72%	0.86%	0.98%

Yield

0.98%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.45

ex-dividend Sep 1, 2026

Payout ratio

15%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.45
Jun 1, 2026	$0.45
Mar 2, 2026	$0.45

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.6B	$1.8B	$1.8B	$2.1B	$2.2B	$2.2B	$2.5B	$2.8B	$3.1B	$3.6B	$4.1B	$3.8B
YoY change	+13.3%	+26.9%	+21.2%	+20.9%	+31.2%	+26.6%	+34.9%	+35.6%	+41.9%	+60.3%	+66.1%	+35%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	640.7M	766.7M	384.4M	337M	406.5M	191.1M	668.5M	348.8M	933.7M	2.9B
Receivables	8.2M	12M	10.1M	8.3M	11.9M	13.5M	8.6M	8.1M	7.6M	18.7M
Inventory	443.7M	501M	494.1M	580.1M	630.5M	878.9M	1.2B	1.4B	1.5B	1.7B
Total current assets	1.2B	1.5B	1.1B	1.1B	1.2B	1.3B	2.2B	2.2B	2.8B	5B
Property, plant & equipment	461.4M	195.3M	-182M	1.1B	846M	522.8M	2.9B	1.2B	433.2M	-116.5M
Goodwill & intangibles	1.4B	1.4B	815.6M	815.6M	815.6M	815.6M	4.1B	8.3B	8.3B	8.3B
Total assets	7.1B	7.9B	7.9B	8.8B	9.6B	10.2B	23.5B	28.7B	30B	34.5B
Accounts payable	111.2M	144.1M	163M	158.3M	167.1M	189.1M	259M	317.9M	296M	344.6M
Short-term debt	135.4M	3.4M	1.9M	374.7M	20.9M	258M	136.5M	146.4M	130.3M	30.5M
Total current liabilities	423.6M	333.8M	361.4M	775.6M	515.7M	761.8M	946.4M	1B	1.5B	2.5B
Long-term debt	1.1B	1.4B	1.7B	1.5B	1.7B	1.4B	1.4B	1.9B	1.2B	291M
Total liabilities	2.6B	2.9B	3.3B	3.7B	3.9B	4.2B	7.3B	9.3B	9.2B	9.7B
Shareholders' equity	4.5B	4.9B	4.6B	5.1B	5.7B	6B	16.2B	19.4B	20.8B	24.7B
Total debt	1.2B	1.4B	1.7B	1.8B	1.7B	1.7B	1.5B	2B	1.3B	321.5M
Net debt	674.6M	744.2M	1.4B	1.5B	1.3B	1.5B	834.8M	1.7B	355.8M	-2.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	364.9M	348.8M	533M	930.4M	983.1M	933.7M	1.2B	1.6B	2.4B	2.9B	3.1B	3.5B
Receivables	7.6M	8.1M	6.9M	7.6M	11.9M	7.6M	14.9M	18.2M	15.6M	18.7M	24.2M	20.1M
Inventory	1.4B	1.4B	1.3B	1.4B	1.5B	1.5B	1.4B	1.5B	1.7B	1.7B	1.6B	1.6B
Total current assets	2.2B	2.2B	2.2B	2.7B	2.9B	2.8B	2.9B	3.5B	4.5B	5B	5.1B	5.5B
Property, plant & equipment	—	1.2B	—	—	—	433.2M	—	—	—	-116.5M	—	—
Goodwill & intangibles	9.2B	8.3B	8.3B	8.3B	8.3B	8.3B	8.3B	8.3B	8.3B	8.3B	8.3B	8.3B
Total assets	29.2B	28.7B	28.8B	29.3B	29.8B	30B	30.6B	31.7B	32.7B	34.5B	35.2B	37.8B
Accounts payable	756.1M	317.9M	696.9M	770.8M	882M	296M	731.3M	893M	1.1B	344.6M	1.1B	1.3B
Short-term debt	148.8M	146.4M	141.7M	780.9M	461.3M	130.3M	130M	87.2M	39.7M	30.5M	32.6M	34.3M
Total current liabilities	1.1B	1B	1B	1.8B	1.7B	1.5B	1.2B	1.7B	2.1B	2.5B	1.6B	1.9B
Long-term debt	2B	1.9B	1.9B	1.2B	1.2B	1.2B	1.2B	646.4M	295.9M	291M	286.6M	286M
Total liabilities	9.3B	9.3B	9.2B	9.3B	9.3B	9.2B	9B	9.2B	9.2B	9.7B	8.9B	9.2B
Shareholders' equity	19.9B	19.4B	19.6B	20B	20.5B	20.8B	21.6B	22.5B	23.5B	24.7B	26.3B	28.6B
Total debt	2.1B	2B	2B	2B	1.6B	1.3B	1.3B	733.7M	335.5M	321.5M	319.2M	320.4M
Net debt	1.8B	1.7B	1.5B	1.1B	638.2M	355.8M	142.4M	-823.9M	-2B	-2.5B	-2.8B	-3.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	158.8M	240.8M	-326.7M	473.2M	511.6M	561.9M	670.2M	1.9B	1.9B	4.5B
Depreciation & amortization	613.2M	508.7M	553.9M	546.1M	631.1M	738.1M	1.1B	1.5B	1.5B	1.6B
Stock-based compensation	33.8M	43.7M	50.7M	54.3M	54.5M	57.8M	48.6M	71.6M	77.4M	97.5M
Change in working capital	65.6M	-69.6M	-42M	14.6M	-13.9M	-280.6M	-20.4M	-143.5M	88.9M	804.3M
Operating cash flow	890.3M	747.9M	211.9M	1.2B	1.3B	1.3B	2B	1.9B	3.8B	6.8B
Capital expenditure	-516M	-874.2M	-1.1B	-879M	-758.4M	-944.3M	-1.5B	-1.7B	-1.8B	—
Investing cash flow	-553.5M	-1B	-1.2B	-873.9M	-808.8M	-1.3B	-710.5M	-2.8B	-2B	-43.2M
Dividends paid	-71.4M	-76.1M	-84M	-105.4M	-190.3M	-275.2M	-608.3M	-638.6M	-671.7M	-728.1M
Share repurchases	-15.6M	-24.7M	-30.1M	—	—	-34.6M	-110M	-47M	-169.4M	-682.9M
Financing cash flow	-1.7M	285M	243.1M	-105.3M	-353.9M	-318.9M	-956.7M	-204.3M	-1.6B	-2.4B
Net change in cash	335.1M	32.8M	-749.3M	258.7M	124.2M	-303.9M	320M	-1B	276.4M	4.4B
Free cash flow	262.6M	-106.6M	-483.4M	-972K	432.7M	398.3M	558.4M	936.5M	2.1B	4.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	174.8M	-381M	347.2M	472M	567.1M	509.3M	814.7M	1.1B	1.1B	1.5B	1.7B	1.6B
Depreciation & amortization	421.1M	391.6M	357.2M	378.4M	390.2M	388.2M	416.8M	377M	429.9M	421.6M	420.3M	423.3M
Stock-based compensation	11.9M	33.1M	18.9M	18.9M	21.2M	18.4M	27.4M	21.4M	37.9M	10.8M	34.9M	11.7M
Change in working capital	-176.1M	-44.9M	1.2M	-26.8M	61M	53.5M	-176.9M	526M	158M	297.3M	-885.5M	31.9M
Operating cash flow	461.2M	19.5M	737.2M	946M	1.1B	1B	1.1B	1.8B	1.8B	2.1B	1.3B	2.1B
Capital expenditure	-430.8M	-425.7M	-391.5M	-407.3M	-468.3M	-567.2M	-575.9M	—	—	—	—	—
Investing cash flow	-435.7M	-476.2M	-413M	-424.6M	-537.9M	-631.6M	-771.9M	-65.9M	338.3M	-241.5M	-145.8M	-374M
Dividends paid	-161.3M	-156M	-157.3M	-164.3M	-176.3M	-173.8M	-175.6M	-180.8M	-186.3M	-185.4M	-203.2M	-206.9M
Share repurchases	0	-30.7M	-26M	-50M	-30.1M	-63.2M	-60M	-99.9M	-149.9M	-373M	-167.8M	-399.9M
Financing cash flow	-144.7M	-290.7M	-190.4M	-217.7M	-584.5M	-562.3M	-235M	-829M	-742.5M	-556.4M	-366.1M	-602.3M
Net change in cash	-119.2M	-747.3M	133.7M	303.8M	-13.1M	-147.9M	110.9M	950.6M	1.4B	1.3B	834M	1.2B
Free cash flow	71.3M	302.1M	391.7M	554.1M	616.2M	564.7M	468.3M	1.3B	1.2B	1.3B	726.8M	1.3B

Agnico Eagle Mines Limited Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement