Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
FS KKR CapitalFSK +0.09%40 Net Margin % is 103.28% as of Mar. 2026, which is 15% above its 10-year median of 90.18. GuruFocus rates FSK with a GF Score™ of 40/100 and a GF Value™ of $23.35 (Significantly Undervalued). Among 1,571 Asset Management companies, FS KKR Capital ranks better than 89.5% on this metric.
Net margin is calculated as Net Income divided by its Revenue. FS KKR Capital's Net Income for the
three
months ended in Mar. 2026 was $-441.00 Mil. FS KKR Capital's Revenue for the
three
months ended in Mar. 2026 was $-427.00 Mil. Therefore, FS KKR Capital's net margin for the quarter that ended in Mar. 2026 was 103.28%.
The historical rank and industry rank for FS KKR Capital's Net Margin % or its related term are showing as below:
FSK'
s Net Margin % Range Over the Past 10 Years
Min: 9.73 Med: 90.18 Max: 119.83
Current: 119.83
FSK's Net Margin % is ranked better than 89.5% of 1571
companies
in the Asset Management industry
Industry Median: 85.27
vs FSK: 119.83
FS KKR Capital (NYSE:FSK) 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.
FS KKR Capital Net Margin % Related Terms
FS KKR Capital Net Margin % Historical Data
* Premium members only.
The historical data trend for FS KKR Capital'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 Asset Management subindustry, FS KKR Capital'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.
FS KKR Capital Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, FS KKR Capital's Net Margin % distribution charts can be found below:
* The bar in red indicates where FS KKR Capital'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.
FS KKR Capital (FSK) has a Net Margin % of 103.28% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on FS KKR Capital and its competitors. This is 15% above median its historical median of 90.18. Over the past decade, FS KKR Capital's Net Margin % has ranged from 9.73 to 119.83. According to the industry distribution chart, FS KKR Capital ranks #165 out of 1571 companies in the Asset Management industry, placing it in the top 10.5%.
Is FS KKR Capital's Net Margin % too high?
FS KKR Capital's current Net Margin % of 103.28% is 15% above median its 10-year median of 90.18. Over the past 10 years, this metric has ranged from a low of 9.73 to a high of 119.83. The Asset Management industry median Net Margin % is 85.27. FS KKR Capital's value of 103.28% is 21.1% above this industry median. Based on the distribution chart, FS KKR Capital ranks #165 out of 1571 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, FS KKR Capital has a GF Score™ of 40/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FS KKR Capital's Net Margin % compare to HTGC and JPC?
According to the Asset Management industry distribution chart, FS KKR Capital ranks #165 out of 1571 companies for Net Margin %. This places FS KKR Capital in the top 11% of its industry — outperforming the majority of peers. The industry median Net Margin % is 85.27. FS KKR Capital's value of 103.28% is 21.1% above this benchmark. Historically, FS KKR Capital's own Net Margin % has ranged from 9.73 to 119.83 over the past decade. While the company's 10-year median is 90.18 vs. the industry median of 85.27, FS KKR Capital 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 85.27, based on 1,571 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. FS KKR Capital's current Net Margin % of 103.28% is 21.1% 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 FS KKR Capital and its competitors. For the Asset Management industry, the median Net Margin % is 85.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS KKR Capital's current Net Margin % is 103.28%, which is 15% above median its own 10-year median of 90.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS KKR Capital stock overvalued right now?
Based on GuruFocus' analysis, FS KKR Capital (FSK) is currently considered Significantly Undervalued. The stock's GF Value™ is $23.35, compared to a current price of $10.81 — trading 53.7% below its estimated fair value. The current Net Margin % is 103.28%, which is 15% above median its 10-year median of 90.18 and 21.1% above the Asset Management industry median of 85.27. FS KKR Capital's overall GF Score™ is 40/100. 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 FS KKR Capital (FSK), the current Net Margin % is 103.28% 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 FS KKR Capital (FSK) Overvalued in 2026?
Based on GuruFocus' analysis, FS KKR Capital stock appears to be undervalued.
The current stock price of $10.81 is trading 53.7% below its estimated GF Value™ of $23.35.
GuruFocus considers FS KKR Capital to be Significantly Undervalued.
Key valuation signals for FSK:
Net Margin %: 103.28% (15% above median its 10-year median of 90.18)
GF Value™: $23.35 vs. price of $10.81 (53.7% below fair value)
Industry Position: 21.1% above the Asset Management median (#165 of 1571)
No single metric tells the full story. See the FSK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FS KKR Capital Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The company's portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies.
40GF Score
Get the complete analysis for FSK
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FSK has been successfully added to your 
