Agnico Eagle Mines Limited (AEM) financials

NYSE · Basic Materials · Gold · 10,125 employees · CEO Ammar Al-Joundi

Price: $165.38 -5.99%
Market cap: $83.6B
Enterprise value: $80.3B
Last report: Q3 '26 filed 2026-10-28
Next report: 2027-02-11 EPS est. $2.58

Revenue (TTM)$14.9B+40.9% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)58.6%+9.2 pp vs a year agoOperating income $8.73B

Net income (TTM)$6.11B+77.2% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$4.1B+11.8% vs a year agoCapex $3.17B

Diluted EPS (TTM)$12.14+77.2% vs a year agoSum of the last 4 quarters

Net cash$3.29B+63.7% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $83.6B
Revenue: $14.9B
Revenue growth: +29%
Profit margin: 41.0%
P/E: 13.6×
P/S: 5.6×
EV / EBITDA: 7.5×
Free cash flow: $4.1B
Net income: $6.11B
Revenue estimate: $15.3B
Earnings: 2027-02-11
Dividend: $1.75

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-10-28): revenue in line, EPS beat by 5.7%Revenue $3.52B vs $3.51B expected (+0.2%); EPS $2.61 vs $2.47 (+5.7%).
Revenue growth slowing: 15.2% year on yearQ3 '26 revenue $3.52B, against an average of 52.7% over the four quarters before.
Operating margin 58.6% (TTM), +9.2 pp on a year agoOperating income grew 67.1% while revenue grew 40.9%.
Capex 21.3% of revenue (a year ago 20.8%)$3.17B invested in the last 4 quarters (+44.1% on a year earlier). Free cash flow $4.1B = 67.2% of net income.
Returned $1.97B to shareholders = 48.0% of free cash flowBuybacks $1.18B (a year earlier $375M), dividends $792M, stock-based pay $45.8M (TTM).
Diluted share count up 0.7% in a year507M diluted shares in Q3 '26, 504M a year earlier.
Net cash $3.29BCash + short-term investments $3.62B, debt incl. leases $327M; a year ago net cash $2.01B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	$3.52B	$3.06B	+15.2%
Gross margin	57.9%	58.5%	-0.6 pp
Operating income	$1.96B	$1.65B	+19.1%
Operating margin	55.6%	53.8%	+1.8 pp
Net income	$1.33B	$1.05B	+26.1%
Diluted EPS	$2.62	$2.10	+24.8%
Operating cash flow	$1.73B	$1.8B	-4.2%
Capex	$945M	$621M	+52.2%
Free cash flow	$780M	$1.18B	-33.8%
R&D	$0	$0	–
Stock-based compensation	$0	$0	–

Reported vs consensus

2026-10-28

	Actual	Consensus	vs consensus
Revenue	$3.52B	$3.51B	+0.2%
EPS (as estimated)	$2.61	$2.47	+5.7%

From the report of 2026-10-28 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by region

share of total

Segment	Q3 '26	y/y	Share	TTM	TTM y/y
CANADA	$291M	-13.3%	65.6%	$1.05B	–
Latin America	$88.4M	-28.7%	19.9%	$365M	-41.3%
Europe	$64.4M	-14.9%	14.5%	$233M	-36.8%

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $7.27B
Capex: -$3.17B
Buybacks: -$1.18B
Dividends: -$792M
Acquisitions: -$563M
Net debt issued: -$35.7M
Stock-based compensation: $45.8M
Free cash flow: $4.1B
Returned to shareholders / FCF: 48.0%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	13.6×	22.3×	13.8× – 34.0×
EV / EBITDA	7.5×	8.9×	7.2× – 10.4×
EV / Sales	5.4×	4.8×	3.7× – 6.9×
Price / FCF	20.4×	28.0×	18.4× – 40.8×
Price / Book	2.8×	2.1×	1.4× – 3.4×
FCF yield	4.9%	3.9%	2.5% – 5.4%
Return on invested capital	16.0%	7.2%	3.8% – 13.1%
Return on equity	22.4%	10.1%	4.1% – 18.0%

Analysts

Consensus target $216.17 (+30.7%)
range $170.00 – $260.00 · rating Buy

Strong buy0

Buy20

Hold10

Sell1

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$15.3B	+28.7%	$11.56	+30.5%	14.3×	10
FY2027	$15.9B	+3.4%	$11.78	+1.9%	14.0×	11
FY2028	$16B	+1.1%	$12.36	+5.0%	13.4×	5
FY2029	$14.7B	-8.4%	$11.18	-9.6%	14.8×	1
FY2030	$16.1B	+9.9%	$12.02	+7.5%	13.8×	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01