First Quantum MineralsTSX:FM +1.88%75 EBITDA Margin % is 19.80% as of Mar. 2026, which is 43% below its 10-year median of 35.00. GuruFocus rates TSX:FM with a GF Score™ of 75/100 and a GF Value™ of C$22.23 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 841 Metals & Mining companies, First Quantum Minerals ranks better than 72.18% on this metric.
First Quantum Minerals (TSX:FM) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
First Quantum Minerals EBITDA Margin % Related Terms
First Quantum Minerals EBITDA Margin % Historical Data
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The historical data trend for First Quantum Minerals's EBITDA Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Copper subindustry, First Quantum Minerals's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Quantum Minerals EBITDA Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Quantum Minerals's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where First Quantum Minerals's EBITDA Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Quantum Minerals (TSX:FM) has a EBITDA Margin % of 19.80% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on First Quantum Minerals and its competitors. This is 43% below median its historical median of 35.00. Over the past decade, First Quantum Minerals' EBITDA Margin % has ranged from 19.76 to 51.65. According to the industry distribution chart, First Quantum Minerals ranks #234 out of 841 companies in the Metals & Mining industry, placing it in the top 27.8%.
Is First Quantum Minerals' EBITDA Margin % too high?
First Quantum Minerals' current EBITDA Margin % of 19.80% is 43% below median its 10-year median of 35.00. Over the past 10 years, this metric has ranged from a low of 19.76 to a high of 51.65. The Metals & Mining industry median EBITDA Margin % is 8.89. First Quantum Minerals' value of 19.80% is 122.7% above this industry median. Based on the distribution chart, First Quantum Minerals ranks #234 out of 841 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, First Quantum Minerals has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Quantum Minerals' EBITDA Margin % compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, First Quantum Minerals ranks #234 out of 841 companies for EBITDA Margin %. This puts First Quantum Minerals in the upper half of its industry. The industry median EBITDA Margin % is 8.89. First Quantum Minerals' value of 19.80% is 122.7% above this benchmark. Historically, First Quantum Minerals' own EBITDA Margin % has ranged from 19.76 to 51.65 over the past decade. While the company's 10-year median is 35.00 vs. the industry median of 8.89, First Quantum Minerals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Metals & Mining company?
The median EBITDA Margin % among Metals & Mining companies is 8.89, based on 841 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Quantum Minerals's current EBITDA Margin % of 19.80% is 122.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on First Quantum Minerals and its competitors. For the Metals & Mining industry, the median EBITDA Margin % is 8.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Quantum Minerals's current EBITDA Margin % is 19.80%, which is 43% below median its own 10-year median of 35.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Quantum Minerals stock overvalued right now?
Based on GuruFocus' analysis, First Quantum Minerals (TSX:FM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$22.23, compared to a current price of C$37.44 — trading 68.4% above its estimated fair value. The current EBITDA Margin % is 19.80%, which is 43% below median its 10-year median of 35.00 and 122.7% above the Metals & Mining industry median of 8.89. First Quantum Minerals' overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For First Quantum Minerals (TSX:FM), the current EBITDA Margin % is 19.80% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Quantum Minerals (TSX:FM) Overvalued in 2026?
Based on GuruFocus' analysis, First Quantum Minerals stock appears to be overvalued.
The current stock price of C$37.44 is trading 68.4% above its estimated GF Value™ of C$22.23.
GuruFocus considers First Quantum Minerals to be Significantly Overvalued.
Key valuation signals for TSX:FM:
EBITDA Margin %: 19.80% (43% below median its 10-year median of 35.00)
GF Value™: C$22.23 vs. price of C$37.44 (68.4% above fair value)
Industry Position: 122.7% above the Metals & Mining median (#234 of 841)
No single metric tells the full story. See the TSX:FM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia, and Mauritania. The company's reportable operating segments are Cobre Panama, Kansanshi, and Trident.
75GF Score
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