L1 GroupASX:L1G +0.84%39 Net Margin % is 63.07% as of Dec. 2025, which is 19% above its 10-year median of 52.92. GuruFocus rates ASX:L1G with a GF Score™ of 39/100. The stock has 6 warning signs investors should review. Among 1,570 Asset Management companies, L1 Group ranks worse than 62.36% on this metric.
Net margin is calculated as Net Income divided by its Revenue. L1 Group's Net Income for the
six
months ended in Dec. 2025 was A$286.0 Mil. L1 Group's Revenue for the
six
months ended in Dec. 2025 was A$453.5 Mil. Therefore, L1 Group's net margin for the quarter that ended in Dec. 2025 was 63.07%.
The historical rank and industry rank for L1 Group's Net Margin % or its related term are showing as below:
ASX:L1G'
s Net Margin % Range Over the Past 10 Years
Min: 4.61 Med: 52.92 Max: 58.25
Current: 53.55
ASX:L1G's Net Margin % is ranked worse than 62.36% of 1570
companies
in the Asset Management industry
Industry Median: 85.22
vs ASX:L1G: 53.55
L1 Group (ASX:L1G) 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.
L1 Group Net Margin % Related Terms
L1 Group Net Margin % Historical Data
* Premium members only.
The historical data trend for L1 Group'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 Asset Management subindustry, L1 Group'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.
L1 Group Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, L1 Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where L1 Group'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.
L1 Group (ASX:L1G) has a Net Margin % of 63.07% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on L1 Group and its competitors. This is 19% above median its historical median of 52.92. Over the past decade, L1 Group's Net Margin % has ranged from 4.61 to 58.25. According to the industry distribution chart, L1 Group ranks #979 out of 1570 companies in the Asset Management industry, placing it in the top 62.4%.
Is L1 Group's Net Margin % too high?
L1 Group's current Net Margin % of 63.07% is 19% above median its 10-year median of 52.92. Over the past 10 years, this metric has ranged from a low of 4.61 to a high of 58.25. The Asset Management industry median Net Margin % is 85.22. L1 Group's value of 63.07% is 26% below this industry median. Based on the distribution chart, L1 Group ranks #979 out of 1570 companies in the Asset Management industry, which is below the industry midpoint. Overall, L1 Group has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does L1 Group's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, L1 Group ranks #979 out of 1570 companies for Net Margin %. This places L1 Group in the lower half of its industry. The industry median Net Margin % is 85.22. L1 Group's value of 63.07% is 26% below this benchmark. Historically, L1 Group's own Net Margin % has ranged from 4.61 to 58.25 over the past decade. While the company's 10-year median is 52.92 vs. the industry median of 85.22, L1 Group 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 an Asset Management company?
The median Net Margin % among Asset Management companies is 85.22, based on 1,570 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. L1 Group's current Net Margin % of 63.07% is 26% 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 L1 Group and its competitors. For the Asset Management industry, the median Net Margin % is 85.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L1 Group's current Net Margin % is 63.07%, which is 19% above median its own 10-year median of 52.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L1 Group stock overvalued right now?
L1 Group (ASX:L1G) has a current Net Margin % of 63.07%. The current Net Margin % is 63.07%, which is 19% above median its 10-year median of 52.92 and 26% below the Asset Management industry median of 85.22. L1 Group's overall GF Score™ is 39/100 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 L1 Group (ASX:L1G), the current Net Margin % is 63.07% 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.
L1 Group was formed through the merger of two Australian investment management firms: Platinum Asset Management, a Sydney-based international equities manager founded in 1994, and L1 Capital, a Melbourne-based boutique founded in 2007 with diversified capabilities across equities, alternatives, and property investments. The combined entity serves a diverse client base encompassing institutional investors, wholesale clients, high-net-worth individuals, and retail investors across both domestic and international markets. The firm had approximately AUD 18 billion in funds under management as of April 2026.
39GF Score
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