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Fortescue (FRA:FVJ) Net Margin % : 27.29% (As of Jun. 2024)


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What is Fortescue Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Fortescue's Net Income for the six months ended in Jun. 2024 was €2,179 Mil. Fortescue's Revenue for the six months ended in Jun. 2024 was €7,987 Mil. Therefore, Fortescue's net margin for the quarter that ended in Jun. 2024 was 27.29%.

The historical rank and industry rank for Fortescue's Net Margin % or its related term are showing as below:

FRA:FVJ' s Net Margin % Range Over the Past 10 Years
Min: 3.78   Med: 29.99   Max: 46.31
Current: 31.37


FRA:FVJ's Net Margin % is ranked better than
92.78% of 859 companies
in the Metals & Mining industry
Industry Median: 0.71 vs FRA:FVJ: 31.37

Fortescue Net Margin % Historical Data

The historical data trend for Fortescue'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.

* Premium members only.

Fortescue Net Margin % Chart

Fortescue Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.06 46.31 35.80 28.59 31.38

Fortescue Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 37.23 30.22 27.17 35.08 27.29

Competitive Comparison of Fortescue's Net Margin %

For the Other Industrial Metals & Mining subindustry, Fortescue'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.


Fortescue's Net Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortescue's Net Margin % distribution charts can be found below:

* The bar in red indicates where Fortescue's Net Margin % falls into.



Fortescue 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.

Fortescue's Net Margin for the fiscal year that ended in Jun. 2024 is calculated as

Net Margin=Net Income (A: Jun. 2024 )/Revenue (A: Jun. 2024 )
=5279.507/16823.261
=31.38 %

Fortescue's Net Margin for the quarter that ended in Jun. 2024 is calculated as

Net Margin=Net Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=2179.434/7986.613
=27.29 %

* 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.


Fortescue  (FRA:FVJ) 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.


Fortescue Net Margin % Related Terms

Thank you for viewing the detailed overview of Fortescue's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Fortescue Business Description

Traded in Other Exchanges
Address
87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004
Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2024 means Fortescue supplies around 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once its 22 million metric ton Iron Bridge magnetite mine ramps up, likely in 2026 or 2027. However, with longer-term demand likely to decline as China's economy matures, Fortescue's future margins are likely to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.

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