Netwealth Group (ASX:NWL) FCF Margin %: 32.58% (As of Dec. 2025) — Near Median


ASX:NWL Netwealth Group Ltd ASX:NWL
87 GF Score
Price A$20.29
GF Value A$35.09
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Netwealth Group FCF Margin %?

Netwealth Group ASX:NWL -0.10% 87 FCF Margin % is 32.58% as of Dec. 2025, which is 7% below its 10-year median of 35.05. GuruFocus rates ASX:NWL with a GF Score™ of 87/100 and a GF Value™ of A$35.09 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,811 Software companies, Netwealth Group ranks better than 96.34% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Netwealth Group's Free Cash Flow for the six months ended in Dec. 2025 was A$60.1 Mil. Netwealth Group's Revenue for the six months ended in Dec. 2025 was A$184.4 Mil. Therefore, Netwealth Group's FCF Margin % for the quarter that ended in Dec. 2025 was 32.58%.

As of today, Netwealth Group's current FCF Yield % is 2.63%.

The historical rank and industry rank for Netwealth Group's FCF Margin % or its related term are showing as below:

ASX:NWL' s FCF Margin % Range Over the Past 10 Years
Min: 20.51   Med: 35.05   Max: 48.01
Current: 37.84


During the past 8 years, the highest FCF Margin % of Netwealth Group was 48.01%. The lowest was 20.51%. And the median was 35.05%.

ASX:NWL's FCF Margin % is ranked better than
96.34% of 2811 companies
in the Software industry
Industry Median: 2.4 vs ASX:NWL: 37.84


Netwealth Group FCF Margin % Related Terms


Netwealth Group FCF Margin % Historical Data

* Premium members only.

The historical data trend for Netwealth Group's FCF 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.

Netwealth Group FCF Margin % Chart

Netwealth Group Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
FCF Margin %
Get a 7-Day Free Trial 25.74 33.97 35.61 34.48 38.09

Netwealth Group Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.40 36.40 31.84 43.77 32.58

ASX:NWL vs CRM, SHOP, UBER: FCF Margin % Comparison

For the Software - Application subindustry, Netwealth Group's FCF Margin %, along with its competitors' market caps and FCF 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.


Netwealth Group FCF Margin % vs Software Industry

For the Software industry and Technology sector, Netwealth Group's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Netwealth Group's FCF Margin % falls into.


ASX:NWL
87GF Score
Netwealth Group Ltd ASX:NWL
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Netwealth Group FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Netwealth Group's FCF Margin for the fiscal year that ended in Jun. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Jun. 2025 )/Revenue (A: Jun. 2025 )
=118.942/312.296
=38.09 %

Netwealth Group's FCF Margin for the quarter that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=60.083/184.394
=32.58 %

* 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.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 32.58% mean?
Netwealth Group (ASX:NWL) has a FCF Margin % of 32.58% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Netwealth Group and its competitors. This is near median its historical median of 35.05. Over the past decade, Netwealth Group's FCF Margin % has ranged from 20.51 to 48.01. According to the industry distribution chart, Netwealth Group ranks #103 out of 2811 companies in the Software industry, placing it in the top 3.7%.
Is Netwealth Group's FCF Margin % too high?
Netwealth Group's current FCF Margin % of 32.58% is near median its 10-year median of 35.05. Over the past 10 years, this metric has ranged from a low of 20.51 to a high of 48.01. The Software industry median FCF Margin % is 2.40. Netwealth Group's value of 32.58% is 1257.5% above this industry median. Based on the distribution chart, Netwealth Group ranks #103 out of 2811 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Netwealth Group has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netwealth Group's FCF Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, Netwealth Group ranks #103 out of 2811 companies for FCF Margin %. This places Netwealth Group in the top 4% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 2.40. Netwealth Group's value of 32.58% is 1257.5% above this benchmark. Historically, Netwealth Group's own FCF Margin % has ranged from 20.51 to 48.01 over the past decade. While the company's 10-year median is 35.05 vs. the industry median of 2.40, Netwealth Group 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 FCF Margin % for a Software company?
The median FCF Margin % among Software companies is 2.40, based on 2,811 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Netwealth Group's current FCF Margin % of 32.58% is 1257.5% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Netwealth Group and its competitors. For the Software industry, the median FCF Margin % is 2.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netwealth Group's current FCF Margin % is 32.58%, which is near median its own 10-year median of 35.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netwealth Group stock overvalued right now?
Based on GuruFocus' analysis, Netwealth Group (ASX:NWL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$35.09, compared to a current price of A$20.29 — trading 42.2% below its estimated fair value. The current FCF Margin % is 32.58%, which is near median its 10-year median of 35.05 and 1257.5% above the Software industry median of 2.40. Netwealth Group's overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Netwealth Group (ASX:NWL), the current FCF Margin % is 32.58% as of Dec. 2025. 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 Netwealth Group (ASX:NWL) Overvalued in 2026?

Based on GuruFocus' analysis, Netwealth Group stock appears to be undervalued. The current stock price of A$20.29 is trading 42.2% below its estimated GF Value™ of A$35.09. GuruFocus considers Netwealth Group to be Significantly Undervalued.

Key valuation signals for ASX:NWL:

  • FCF Margin %: 32.58% (near median its 10-year median of 35.05)
  • GF Value™: A$35.09 vs. price of A$20.29 (42.2% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 1257.5% above the Software median (#103 of 2811)

No single metric tells the full story. See the ASX:NWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Netwealth Group Business Description

Address 180 Flinders Street, Level 6, Melbourne, VIC, AUS, 3000
Netwealth provides cloud-based investment administration software as a service in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform, which are managed by third-party investment managers.
87GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$20.29
Price
A$35.09
GF Value