Santander Papeis Imobiliarios Fundo De Investimento Imobiliario (BSP:SAPI11) Net Margin %: 94.23% (As of Dec. 2025) — Near Median

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BSP:SAPI11 Santander Papeis Imobiliarios Fundo De Investimento Imobiliario BSP:SAPI11
17 GF Score
Price R$9.04
! 5 Warning Signs
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What is Santander Papeis Imobiliarios Fundo De Investimento Imobiliario Net Margin %?

Santander Papeis Imobiliarios Fundo De Investimento Imobiliario BSP:SAPI11 -0.44% 17 Net Margin % is 94.23% as of Dec. 2025, which is 5% above its 10-year median of 89.91. GuruFocus rates BSP:SAPI11 with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 1,571 Asset Management companies, Santander Papeis Imobiliarios Fundo De Investimento Imobiliario ranks better than 58.5% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's Net Income for the six months ended in Dec. 2025 was R$30.17 Mil. Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's Revenue for the six months ended in Dec. 2025 was R$32.02 Mil. Therefore, Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's net margin for the quarter that ended in Dec. 2025 was 94.23%.

The historical rank and industry rank for Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's Net Margin % or its related term are showing as below:

BSP:SAPI11' s Net Margin % Range Over the Past 10 Years
Min: 85.58   Med: 89.91   Max: 94.23
Current: 94.23


BSP:SAPI11's Net Margin % is ranked better than
58.5% of 1571 companies
in the Asset Management industry
Industry Median: 85.27 vs BSP:SAPI11: 94.23

Santander Papeis Imobiliarios Fundo De Investimento Imobiliario  (BSP:SAPI11) 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.


Santander Papeis Imobiliarios Fundo De Investimento Imobiliario Net Margin % Related Terms


Santander Papeis Imobiliarios Fundo De Investimento Imobiliario Net Margin % Historical Data

* Premium members only.

The historical data trend for Santander Papeis Imobiliarios Fundo De Investimento Imobiliario'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.

Santander Papeis Imobiliarios Fundo De Investimento Imobiliario Net Margin % Chart

Santander Papeis Imobiliarios Fundo De Investimento Imobiliario Annual Data
Trend Dec23 Dec24 Dec25
Net Margin %
0.00 85.58 94.23

Santander Papeis Imobiliarios Fundo De Investimento Imobiliario Semi-Annual Data
Dec23 Dec24 Dec25
Net Margin % 0.00 85.58 94.23

BSP:SAPI11 vs BLK, BX, KKR: Net Margin % Comparison

For the Asset Management subindustry, Santander Papeis Imobiliarios Fundo De Investimento Imobiliario'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.


Santander Papeis Imobiliarios Fundo De Investimento Imobiliario Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's Net Margin % distribution charts can be found below:

* The bar in red indicates where Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's Net Margin % falls into.


BSP:SAPI11
17GF Score
Santander Papeis Imobiliarios Fundo De Investimento Imobiliario BSP:SAPI11
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Santander Papeis Imobiliarios Fundo De Investimento Imobiliario Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=30.171/32.02
=94.23 %

Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's Net Margin for the quarter that ended in Dec. 2025 is calculated as

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=30.171/32.02
=94.23 %

* 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 Net Margin % →
What does a Net Margin % of 94.23% mean?
Santander Papeis Imobiliarios Fundo De Investimento Imobiliario (BSP:SAPI11) has a Net Margin % of 94.23% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Santander Papeis Imobiliarios Fundo De Investimento Imobiliario and its competitors. This is near median its historical median of 89.91. Over the past decade, Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's Net Margin % has ranged from 85.58 to 94.23. According to the industry distribution chart, Santander Papeis Imobiliarios Fundo De Investimento Imobiliario ranks #652 out of 1571 companies in the Asset Management industry, placing it in the top 41.5%.
Is Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's Net Margin % too high?
Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's current Net Margin % of 94.23% is near median its 10-year median of 89.91. Over the past 10 years, this metric has ranged from a low of 85.58 to a high of 94.23. The Asset Management industry median Net Margin % is 85.27. Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's value of 94.23% is 10.5% above this industry median. Based on the distribution chart, Santander Papeis Imobiliarios Fundo De Investimento Imobiliario ranks #652 out of 1571 companies in the Asset Management industry, which is above the industry midpoint. Overall, Santander Papeis Imobiliarios Fundo De Investimento Imobiliario has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Santander Papeis Imobiliarios Fundo De Investimento Imobiliario ranks #652 out of 1571 companies for Net Margin %. This puts Santander Papeis Imobiliarios Fundo De Investimento Imobiliario in the upper half of its industry. The industry median Net Margin % is 85.27. Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's value of 94.23% is 10.5% above this benchmark. Historically, Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's own Net Margin % has ranged from 85.58 to 94.23 over the past decade. While the company's 10-year median is 89.91 vs. the industry median of 85.27, Santander Papeis Imobiliarios Fundo De Investimento Imobiliario 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 Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 85.27, based on 1,571 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. Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's current Net Margin % of 94.23% is 10.5% 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 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 Santander Papeis Imobiliarios Fundo De Investimento Imobiliario and its competitors. For the Asset Management industry, the median Net Margin % is 85.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's current Net Margin % is 94.23%, which is near median its own 10-year median of 89.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Santander Papeis Imobiliarios Fundo De Investimento Imobiliario stock overvalued right now?
Santander Papeis Imobiliarios Fundo De Investimento Imobiliario (BSP:SAPI11) has a current Net Margin % of 94.23%. The current Net Margin % is 94.23%, which is near median its 10-year median of 89.91 and 10.5% above the Asset Management industry median of 85.27. Santander Papeis Imobiliarios Fundo De Investimento Imobiliario's overall GF Score™ is 17/100 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 Santander Papeis Imobiliarios Fundo De Investimento Imobiliario (BSP:SAPI11), the current Net Margin % is 94.23% 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.

Santander Papeis Imobiliarios Fundo De Investimento Imobiliario Business Description

Address Rua Amador Bueno 474, 1st Floor, Block D, Sao Paulo, SP, BRA, CEP: 4752005
Santander Papeis Imobiliarios Fundo De Investimento Imobiliario is a Real Estate Fund that invests mainly in CRI's (Real Estate Receivables Certificates). The Fund's objective is to seek out businesses with low credit risk, diversifying the allocation in CRIs indexed to the IPCA and/or CDI, in addition to having monthly distribution of dividends.
17GF Score

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

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