GlencoreCHIX:GLENL -4.53%73 Net Margin % is 0.78% as of Dec. 2025, which is 37% below its 10-year median of 1.23. GuruFocus rates CHIX:GLENL with a GF Score™ of 73/100 and a GF Value™ of £4.58 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 843 Metals & Mining companies, Glencore ranks worse than 61.92% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Glencore's Net Income for the
six
months ended in Dec. 2025 was £760 Mil. Glencore's Revenue for the
six
months ended in Dec. 2025 was £97,214 Mil. Therefore, Glencore's net margin for the quarter that ended in Dec. 2025 was 0.78%.
The historical rank and industry rank for Glencore's Net Margin % or its related term are showing as below:
CHIX:GLENl'
s Net Margin % Range Over the Past 10 Years
Min: -1.34 Med: 1.23 Max: 6.77
Current: 0.15
CHIX:GLENl's Net Margin % is ranked worse than 61.92% of 843
companies
in the Metals & Mining industry
Industry Median: 3.41
vs CHIX:GLENl: 0.15
Glencore (CHIX:GLENl) 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.
Glencore Net Margin % Related Terms
Glencore Net Margin % Historical Data
* Premium members only.
The historical data trend for Glencore'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 Other Industrial Metals & Mining subindustry, Glencore'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.
Glencore Net Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Glencore's Net Margin % distribution charts can be found below:
* The bar in red indicates where Glencore'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.
Glencore (CHIX:GLENL) has a Net Margin % of 0.78% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Glencore and its competitors. This is 37% below median its historical median of 1.23. According to the industry distribution chart, Glencore ranks #522 out of 843 companies in the Metals & Mining industry, placing it in the top 61.9%.
Is Glencore's Net Margin % too high?
Glencore's current Net Margin % of 0.78% is 37% below median its 10-year median of 1.23. The Metals & Mining industry median Net Margin % is 3.41. Glencore's value of 0.78% is 77.1% below this industry median. Based on the distribution chart, Glencore ranks #522 out of 843 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Glencore has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Glencore's Net Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Glencore ranks #522 out of 843 companies for Net Margin %. This places Glencore in the lower half of its industry. The industry median Net Margin % is 3.41. Glencore's value of 0.78% is 77.1% below this benchmark. While the company's 10-year median is 1.23 vs. the industry median of 3.41, Glencore 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 Metals & Mining company?
The median Net Margin % among Metals & Mining companies is 3.41, based on 843 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. Glencore's current Net Margin % of 0.78% is 77.1% 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 Glencore and its competitors. For the Metals & Mining industry, the median Net Margin % is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Glencore's current Net Margin % is 0.78%, which is 37% below median its own 10-year median of 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glencore stock overvalued right now?
Based on GuruFocus' analysis, Glencore (CHIX:GLENL) is currently considered Modestly Overvalued. The stock's GF Value™ is £4.58, compared to a current price of £5.34 — trading 16.5% above its estimated fair value. The current Net Margin % is 0.78%, which is 37% below median its 10-year median of 1.23 and 77.1% below the Metals & Mining industry median of 3.41. Glencore's overall GF Score™ is 73/100 with 11 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 Glencore (CHIX:GLENL), the current Net Margin % is 0.78% 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 Glencore (CHIX:GLENL) Overvalued in 2026?
Based on GuruFocus' analysis, Glencore stock appears to be overvalued.
The current stock price of £5.34 is trading 16.5% above its estimated GF Value™ of £4.58.
GuruFocus considers Glencore to be Modestly Overvalued.
Key valuation signals for CHIX:GLENL:
Net Margin %: 0.78% (37% below median its 10-year median of 1.23)
GF Value™: £4.58 vs. price of £5.34 (16.5% above fair value)
Industry Position: 77.1% below the Metals & Mining median (#522 of 843)
No single metric tells the full story. See the CHIX:GLENL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, and energy products. Its marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Its mining or industrials business produces thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners who are generally reducing their exposure to coal, it plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. We agree. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.
73GF Score
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