Adamas TrustADAM +2.76%51 Net Margin % is 33.96% as of Mar. 2026, which is 47% below its 10-year median of 64.26. GuruFocus rates ADAM with a GF Score™ of 51/100 and a GF Value™ of $10.59 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 928 REITs companies, Adamas Trust ranks worse than 57.54% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Adamas Trust's Net Income for the
three
months ended in Mar. 2026 was $48.6 Mil. Adamas Trust's Revenue for the
three
months ended in Mar. 2026 was $143.1 Mil. Therefore, Adamas Trust's net margin for the quarter that ended in Mar. 2026 was 33.96%.
The historical rank and industry rank for Adamas Trust's Net Margin % or its related term are showing as below:
ADAM'
s Net Margin % Range Over the Past 10 Years
Min: -3435.8 Med: 64.26 Max: 139.06
Current: 38.29
ADAM's Net Margin % is ranked worse than 57.54% of 928
companies
in the REITs industry
Industry Median: 45.23
vs ADAM: 38.29
Adamas Trust (NAS:ADAM) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Adamas Trust Net Margin % Related Terms
Adamas Trust Net Margin % Historical Data
* Premium members only.
The historical data trend for Adamas Trust's Net 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 REIT - Mortgage subindustry, Adamas Trust's Net Margin %, along with its competitors' market caps and Net 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.
Adamas Trust Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Adamas Trust's Net Margin % distribution charts can be found below:
* The bar in red indicates where Adamas Trust's Net 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.
Adamas Trust (ADAM) has a Net Margin % of 33.96% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Adamas Trust and its competitors. This is 47% below median its historical median of 64.26. According to the industry distribution chart, Adamas Trust ranks #534 out of 928 companies in the REITs industry, placing it in the top 57.5%.
Is Adamas Trust's Net Margin % too high?
Adamas Trust's current Net Margin % of 33.96% is 47% below median its 10-year median of 64.26. The REITs industry median Net Margin % is 45.23. Adamas Trust's value of 33.96% is 24.9% below this industry median. Based on the distribution chart, Adamas Trust ranks #534 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, Adamas Trust has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adamas Trust's Net Margin % compare to BRSP and PMT?
According to the REITs industry distribution chart, Adamas Trust ranks #534 out of 928 companies for Net Margin %. This places Adamas Trust in the lower half of its industry. The industry median Net Margin % is 45.23. Adamas Trust's value of 33.96% is 24.9% below this benchmark. While the company's 10-year median is 64.26 vs. the industry median of 45.23, Adamas Trust has consistently been below 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adamas Trust's current Net Margin % of 33.96% is 24.9% below 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Adamas Trust and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adamas Trust's current Net Margin % is 33.96%, which is 47% below median its own 10-year median of 64.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adamas Trust stock overvalued right now?
Based on GuruFocus' analysis, Adamas Trust (ADAM) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.59, compared to a current price of $9.33 — trading 11.9% below its estimated fair value. The current Net Margin % is 33.96%, which is 47% below median its 10-year median of 64.26 and 24.9% below the REITs industry median of 45.23. Adamas Trust's overall GF Score™ is 51/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Adamas Trust (ADAM), the current Net Margin % is 33.96% 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 Adamas Trust (ADAM) Overvalued in 2026?
Based on GuruFocus' analysis, Adamas Trust stock appears to be undervalued.
The current stock price of $9.33 is trading 11.9% below its estimated GF Value™ of $10.59.
GuruFocus considers Adamas Trust to be Modestly Undervalued.
Key valuation signals for ADAM:
Net Margin %: 33.96% (47% below median its 10-year median of 64.26)
GF Value™: $10.59 vs. price of $9.33 (11.9% below fair value)
Industry Position: 24.9% below the REITs median (#534 of 928)
No single metric tells the full story. See the ADAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adamas Trust Inc is an internally-managed REIT for U.S. federal income tax purposes, in the business of acquiring, investing in, financing, and managing mainly mortgage-related single-family and multi-family residential assets. Its objective is to deliver long-term stable distributions to its stockholders over changing economic conditions through a combination of net interest spread and capital gains from a diversified investment portfolio. The company's investment portfolio includes credit-sensitive single-family and multi-family assets.
51GF Score
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