FNCSF (North American Financial 15 Split) Net Margin %: 99.19% (As of Nov. 2025) — Near Median


FNCSF North American Financial 15 Split Corp FNCSF
36 GF Score
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What is North American Financial 15 Split Net Margin %?

North American Financial 15 Split FNCSF +5.35% 36 Net Margin % is 99.19% as of Nov. 2025, which is 1% above its 10-year median of 98.68. GuruFocus rates FNCSF with a GF Score™ of 36/100. The stock has 7 warning signs investors should review. Among 1,580 Asset Management companies, North American Financial 15 Split ranks better than 72.97% on this metric.

Net margin is calculated as Net Income divided by its Revenue. North American Financial 15 Split's Net Income for the six months ended in Nov. 2025 was $158.3 Mil. North American Financial 15 Split's Revenue for the six months ended in Nov. 2025 was $159.6 Mil. Therefore, North American Financial 15 Split's net margin for the quarter that ended in Nov. 2025 was 99.19%.

The historical rank and industry rank for North American Financial 15 Split's Net Margin % or its related term are showing as below:

FNCSF' s Net Margin % Range Over the Past 10 Years
Min: 95.08   Med: 98.68   Max: 190.85
Current: 98.31


FNCSF's Net Margin % is ranked better than
72.97% of 1580 companies
in the Asset Management industry
Industry Median: 84.895 vs FNCSF: 98.31

North American Financial 15 Split  (OTCPK:FNCSF) 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.


North American Financial 15 Split Net Margin % Related Terms


North American Financial 15 Split Net Margin % Historical Data

* Premium members only.

The historical data trend for North American Financial 15 Split'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.

North American Financial 15 Split Net Margin % Chart

North American Financial 15 Split Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.11 190.83 114.52 99.04 98.31

North American Financial 15 Split Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 96.22 98.86 99.17 459.19 99.19

FNCSF vs BLK, BX, KKR: Net Margin % Comparison

For the Asset Management subindustry, North American Financial 15 Split'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.


North American Financial 15 Split Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, North American Financial 15 Split's Net Margin % distribution charts can be found below:

* The bar in red indicates where North American Financial 15 Split's Net Margin % falls into.


FNCSF
36GF Score
North American Financial 15 Split Corp FNCSF
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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North American Financial 15 Split 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.

North American Financial 15 Split's Net Margin for the fiscal year that ended in Nov. 2025 is calculated as

Net Margin=Net Income (A: Nov. 2025 )/Revenue (A: Nov. 2025 )
=156.538/159.235
=98.31 %

North American Financial 15 Split's Net Margin for the quarter that ended in Nov. 2025 is calculated as

Net Margin=Net Income (Q: Nov. 2025 )/Revenue (Q: Nov. 2025 )
=158.337/159.628
=99.19 %

* 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 99.19% mean?
North American Financial 15 Split (FNCSF) has a Net Margin % of 99.19% as of Nov. 2025. Net margin is the ratio of total net income to net sales. View historical data on North American Financial 15 Split and its competitors. This is near median its historical median of 98.68. Over the past decade, North American Financial 15 Split's Net Margin % has ranged from 95.08 to 190.85. According to the industry distribution chart, North American Financial 15 Split ranks #427 out of 1580 companies in the Asset Management industry, placing it in the top 27%.
Is North American Financial 15 Split's Net Margin % too high?
North American Financial 15 Split's current Net Margin % of 99.19% is near median its 10-year median of 98.68. Over the past 10 years, this metric has ranged from a low of 95.08 to a high of 190.85. The Asset Management industry median Net Margin % is 84.90. North American Financial 15 Split's value of 99.19% is 16.8% above this industry median. Based on the distribution chart, North American Financial 15 Split ranks #427 out of 1580 companies in the Asset Management industry, which is above the industry midpoint. Overall, North American Financial 15 Split has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does North American Financial 15 Split's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, North American Financial 15 Split ranks #427 out of 1580 companies for Net Margin %. This puts North American Financial 15 Split in the upper half of its industry. The industry median Net Margin % is 84.90. North American Financial 15 Split's value of 99.19% is 16.8% above this benchmark. Historically, North American Financial 15 Split's own Net Margin % has ranged from 95.08 to 190.85 over the past decade. While the company's 10-year median is 98.68 vs. the industry median of 84.90, North American Financial 15 Split 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 84.90, based on 1,580 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. North American Financial 15 Split's current Net Margin % of 99.19% is 16.8% 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 North American Financial 15 Split and its competitors. For the Asset Management industry, the median Net Margin % is 84.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North American Financial 15 Split's current Net Margin % is 99.19%, which is near median its own 10-year median of 98.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North American Financial 15 Split stock overvalued right now?
North American Financial 15 Split (FNCSF) has a current Net Margin % of 99.19%. The current Net Margin % is 99.19%, which is near median its 10-year median of 98.68 and 16.8% above the Asset Management industry median of 84.90. North American Financial 15 Split's overall GF Score™ is 36/100 with 7 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 North American Financial 15 Split (FNCSF), the current Net Margin % is 99.19% as of Nov. 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.

North American Financial 15 Split Business Description

Address 200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
North American Financial 15 Split Corp is a mutual fund corporation. It invests in an actively managed portfolio of common shares comprised of core large-capitalization Canadian and United States financial services companies. It also invests in equity securities of issuers. The company's investment objective is to provide holders of Preferred Shares with cumulative preferential monthly cash dividends and to provide holders of Class A shares with regular monthly cash distributions.
36GF 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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