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What is First Trust Mortgageome Fund Net Margin %?
First Trust Mortgageome FundFMY -3.46%54 Net Margin % is 81.46% as of Apr. 2026, which is 10% below its 10-year median of 90.26. GuruFocus rates FMY with a GF Score™ of 54/100 and a GF Value™ of $11.71 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,558 Asset Management companies, First Trust Mortgageome Fund ranks better than 53.02% on this metric.
First Trust Mortgageome Fund (NYSE:FMY) 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.
First Trust Mortgageome Fund Net Margin % Related Terms
First Trust Mortgageome Fund Net Margin % Historical Data
* 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, First Trust Mortgageome Fund'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.
First Trust Mortgageome Fund Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, First Trust Mortgageome Fund's Net Margin % distribution charts can be found below:
* The bar in red indicates where First Trust Mortgageome Fund'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.
First Trust Mortgageome Fund (FMY) has a Net Margin % of 81.46% as of Apr. 2026. Net margin is the ratio of total net income to net sales. View historical data on First Trust Mortgageome Fund and its competitors. This is 10% below median its historical median of 90.26. Over the past decade, First Trust Mortgageome Fund's Net Margin % has ranged from 68.11 to 105.65. According to the industry distribution chart, First Trust Mortgageome Fund ranks #732 out of 1558 companies in the Asset Management industry, placing it in the top 47%.
Is First Trust Mortgageome Fund's Net Margin % too high?
First Trust Mortgageome Fund's current Net Margin % of 81.46% is 10% below median its 10-year median of 90.26. Over the past 10 years, this metric has ranged from a low of 68.11 to a high of 105.65. The Asset Management industry median Net Margin % is 87.34. First Trust Mortgageome Fund's value of 81.46% is 6.7% below this industry median. Based on the distribution chart, First Trust Mortgageome Fund ranks #732 out of 1558 companies in the Asset Management industry, which is above the industry midpoint. Overall, First Trust Mortgageome Fund has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Trust Mortgageome Fund's Net Margin % compare to OFS and SDEV?
According to the Asset Management industry distribution chart, First Trust Mortgageome Fund ranks #732 out of 1558 companies for Net Margin %. This puts First Trust Mortgageome Fund in the upper half of its industry. The industry median Net Margin % is 87.34. First Trust Mortgageome Fund's value of 81.46% is 6.7% below this benchmark. Historically, First Trust Mortgageome Fund's own Net Margin % has ranged from 68.11 to 105.65 over the past decade. While the company's 10-year median is 90.26 vs. the industry median of 87.34, First Trust Mortgageome Fund 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 87.34, based on 1,558 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. First Trust Mortgageome Fund's current Net Margin % of 81.46% is 6.7% 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 First Trust Mortgageome Fund and its competitors. For the Asset Management industry, the median Net Margin % is 87.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Trust Mortgageome Fund's current Net Margin % is 81.46%, which is 10% below median its own 10-year median of 90.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Trust Mortgageome Fund stock overvalued right now?
Based on GuruFocus' analysis, First Trust Mortgageome Fund (FMY) is currently considered Fairly Valued. The stock's GF Value™ is $11.71, compared to a current price of $11.43 — trading 2.4% below its estimated fair value. The current Net Margin % is 81.46%, which is 10% below median its 10-year median of 90.26 and 6.7% below the Asset Management industry median of 87.34. First Trust Mortgageome Fund's overall GF Score™ is 54/100 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 First Trust Mortgageome Fund (FMY), the current Net Margin % is 81.46% as of Apr. 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 First Trust Mortgageome Fund (FMY) Overvalued in 2026?
Based on GuruFocus' analysis, First Trust Mortgageome Fund stock appears to be undervalued.
The current stock price of $11.43 is trading 2.4% below its estimated GF Value™ of $11.71.
GuruFocus considers First Trust Mortgageome Fund to be Fairly Valued.
Key valuation signals for FMY:
Net Margin %: 81.46% (10% below median its 10-year median of 90.26)
GF Value™: $11.71 vs. price of $11.43 (2.4% below fair value)
Industry Position: 6.7% below the Asset Management median (#732 of 1558)
No single metric tells the full story. See the FMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Trust Mortgage Income Fund is a United States-based diversified, closed-end management investment company. The fund's primary investment objective is to seek a high level of current income. Its secondary investment objective is to preserve capital. The fund pursues its objectives by investing predominantly in mortgage-backed securities representing part ownership in a pool of either residential or commercial mortgage loans that, in the opinion of the Fund's investment advisor, offer an attractive combination of credit quality, yield, and maturity.
54GF Score
Get the complete analysis for FMY
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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