First GenFSGCY 56 Net Margin % is 23.68% as of Mar. 2026, which is 86% above its 10-year median of 12.70. GuruFocus rates FSGCY with a GF Score™ of 56/100 and a GF Value™ of $2.05 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 421 Utilities - Independent Power Producers companies, First Gen ranks better than 93.35% on this metric.
Net margin is calculated as Net Income divided by its Revenue. First Gen's Net Income for the
three
months ended in Mar. 2026 was $59.3 Mil. First Gen's Revenue for the
three
months ended in Mar. 2026 was $250.6 Mil. Therefore, First Gen's net margin for the quarter that ended in Mar. 2026 was 23.68%.
The historical rank and industry rank for First Gen's Net Margin % or its related term are showing as below:
FSGCY'
s Net Margin % Range Over the Past 10 Years
Min: 7.87 Med: 12.7 Max: 60.77
Current: 60.77
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 Gen Net Margin % Related Terms
First Gen Net Margin % Historical Data
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The historical data trend for First Gen'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 Utilities - Renewable subindustry, First Gen'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 Gen Net Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's Net Margin % distribution charts can be found below:
* The bar in red indicates where First Gen'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 Gen (FSGCY) has a Net Margin % of 23.68% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on First Gen and its competitors. This is 86% above median its historical median of 12.70. Over the past decade, First Gen's Net Margin % has ranged from 7.87 to 60.77. According to the industry distribution chart, First Gen ranks #28 out of 421 companies in the Utilities - Independent Power Producers industry, placing it in the top 6.7%.
Is First Gen's Net Margin % too high?
First Gen's current Net Margin % of 23.68% is 86% above median its 10-year median of 12.70. Over the past 10 years, this metric has ranged from a low of 7.87 to a high of 60.77. The Utilities - Independent Power Producers industry median Net Margin % is 6.17. First Gen's value of 23.68% is 283.8% above this industry median. Based on the distribution chart, First Gen ranks #28 out of 421 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, First Gen has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Gen's Net Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, First Gen ranks #28 out of 421 companies for Net Margin %. This places First Gen in the top 7% of its industry — outperforming the majority of peers. The industry median Net Margin % is 6.17. First Gen's value of 23.68% is 283.8% above this benchmark. Historically, First Gen's own Net Margin % has ranged from 7.87 to 60.77 over the past decade. While the company's 10-year median is 12.70 vs. the industry median of 6.17, First Gen 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 Utilities - Independent Power Producers company?
The median Net Margin % among Utilities - Independent Power Producers companies is 6.17, based on 421 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 Gen's current Net Margin % of 23.68% is 283.8% 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 First Gen and its competitors. For the Utilities - Independent Power Producers industry, the median Net Margin % is 6.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current Net Margin % is 23.68%, which is 86% above median its own 10-year median of 12.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Gen stock overvalued right now?
Based on GuruFocus' analysis, First Gen (FSGCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.05, compared to a current price of $5.35 — trading 161% above its estimated fair value. The current Net Margin % is 23.68%, which is 86% above median its 10-year median of 12.70 and 283.8% above the Utilities - Independent Power Producers industry median of 6.17. First Gen's overall GF Score™ is 56/100 with 9 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 Gen (FSGCY), the current Net Margin % is 23.68% as of Mar. 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 Gen (FSGCY) Overvalued in 2026?
Based on GuruFocus' analysis, First Gen stock appears to be overvalued.
The current stock price of $5.35 is trading 161% above its estimated GF Value™ of $2.05.
GuruFocus considers First Gen to be Significantly Overvalued.
Key valuation signals for FSGCY:
Net Margin %: 23.68% (86% above median its 10-year median of 12.70)
GF Value™: $2.05 vs. price of $5.35 (161% above fair value)
Industry Position: 283.8% above the Utilities - Independent Power Producers median (#28 of 421)
No single metric tells the full story. See the FSGCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Gen Corp is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Majority of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FGEN LNG, FNPC, and Prime Meridian. The company only operates in Philippines.
56GF Score
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