Vulcan SteelASX:VSL -0.60%60 Net Margin % is 1.55% as of Dec. 2025, which is 71% below its 10-year median of 5.41. GuruFocus rates ASX:VSL with a GF Score™ of 60/100 and a GF Value™ of A$6.22 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 616 Steel companies, Vulcan Steel ranks worse than 53.41% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Vulcan Steel's Net Income for the
six
months ended in Dec. 2025 was A$7.2 Mil. Vulcan Steel's Revenue for the
six
months ended in Dec. 2025 was A$466.3 Mil. Therefore, Vulcan Steel's net margin for the quarter that ended in Dec. 2025 was 1.55%.
The historical rank and industry rank for Vulcan Steel's Net Margin % or its related term are showing as below:
ASX:VSL'
s Net Margin % Range Over the Past 10 Years
Min: 1.5 Med: 5.41 Max: 12.75
Current: 1.5
ASX:VSL's Net Margin % is ranked worse than 53.41% of 616
companies
in the Steel industry
Industry Median: 1.86
vs ASX:VSL: 1.50
Vulcan Steel (ASX:VSL) 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.
Vulcan Steel Net Margin % Related Terms
Vulcan Steel Net Margin % Historical Data
* Premium members only.
The historical data trend for Vulcan Steel'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 Steel subindustry, Vulcan Steel'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.
Vulcan Steel Net Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Vulcan Steel's Net Margin % distribution charts can be found below:
* The bar in red indicates where Vulcan Steel'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.
Vulcan Steel (ASX:VSL) has a Net Margin % of 1.55% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Vulcan Steel and its competitors. This is 71% below median its historical median of 5.41. Over the past decade, Vulcan Steel's Net Margin % has ranged from 1.50 to 12.75. According to the industry distribution chart, Vulcan Steel ranks #329 out of 616 companies in the Steel industry, placing it in the top 53.4%.
Is Vulcan Steel's Net Margin % too high?
Vulcan Steel's current Net Margin % of 1.55% is 71% below median its 10-year median of 5.41. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 12.75. The Steel industry median Net Margin % is 1.86. Vulcan Steel's value of 1.55% is 16.7% below this industry median. Based on the distribution chart, Vulcan Steel ranks #329 out of 616 companies in the Steel industry, which is below the industry midpoint. Overall, Vulcan Steel has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's Net Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Vulcan Steel ranks #329 out of 616 companies for Net Margin %. This places Vulcan Steel in the lower half of its industry. The industry median Net Margin % is 1.86. Vulcan Steel's value of 1.55% is 16.7% below this benchmark. Historically, Vulcan Steel's own Net Margin % has ranged from 1.50 to 12.75 over the past decade. While the company's 10-year median is 5.41 vs. the industry median of 1.86, Vulcan Steel 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 Steel company?
The median Net Margin % among Steel companies is 1.86, based on 616 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. Vulcan Steel's current Net Margin % of 1.55% is 16.7% 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 Vulcan Steel and its competitors. For the Steel industry, the median Net Margin % is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Steel's current Net Margin % is 1.55%, which is 71% below median its own 10-year median of 5.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Steel stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Steel (ASX:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.22, compared to a current price of A$5.01 — trading 19.5% below its estimated fair value. The current Net Margin % is 1.55%, which is 71% below median its 10-year median of 5.41 and 16.7% below the Steel industry median of 1.86. Vulcan Steel's overall GF Score™ is 60/100 with 5 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 Vulcan Steel (ASX:VSL), the current Net Margin % is 1.55% 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 Vulcan Steel (ASX:VSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued.
The current stock price of A$5.01 is trading 19.5% below its estimated GF Value™ of A$6.22.
GuruFocus considers Vulcan Steel to be Modestly Undervalued.
Key valuation signals for ASX:VSL:
Net Margin %: 1.55% (71% below median its 10-year median of 5.41)
GF Value™: A$6.22 vs. price of A$5.01 (19.5% below fair value)
Industry Position: 16.7% below the Steel median (#329 of 616)
No single metric tells the full story. See the ASX:VSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.
60GF Score
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