GAM (General American Investors Co) Net Margin %: 98.26% (As of Dec. 2025) — Near Median


GAM General American Investors Co Inc GAM
47 GF Score
Price $62.42
GF Value $63.56
Valuation Fairly Valued
! 2 Warning Signs
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What is General American Investors Co Net Margin %?

General American Investors Co GAM -0.02% 47 Net Margin % is 98.26% as of Dec. 2025, which is 0% above its 10-year median of 97.93. GuruFocus rates GAM with a GF Score™ of 47/100 and a GF Value™ of $63.56 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,576 Asset Management companies, General American Investors Co ranks better than 72.21% on this metric.

Net margin is calculated as Net Income divided by its Revenue. General American Investors Co's Net Income for the six months ended in Dec. 2025 was $189.5 Mil. General American Investors Co's Revenue for the six months ended in Dec. 2025 was $192.8 Mil. Therefore, General American Investors Co's net margin for the quarter that ended in Dec. 2025 was 98.26%.

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

GAM' s Net Margin % Range Over the Past 10 Years
Min: 92.91   Med: 97.93   Max: 109.01
Current: 98.2


GAM's Net Margin % is ranked better than
72.21% of 1576 companies
in the Asset Management industry
Industry Median: 84.895 vs GAM: 98.20

General American Investors Co  (NYSE:GAM) 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.


General American Investors Co Net Margin % Related Terms


General American Investors Co Net Margin % Historical Data

* Premium members only.

The historical data trend for General American Investors Co'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.

General American Investors Co Net Margin % Chart

General American Investors Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 98.06 103.18 97.80 97.53 98.20

General American Investors Co Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 96.73 98.52 93.97 98.13 98.26

GAM vs TRIN, QQQX, ECAT: Net Margin % Comparison

For the Asset Management subindustry, General American Investors Co'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.


General American Investors Co Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, General American Investors Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where General American Investors Co's Net Margin % falls into.


GAM
47GF Score
General American Investors Co Inc GAM
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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General American Investors Co 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.

General American Investors Co's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=339.841/346.063
=98.20 %

General American Investors Co's Net Margin for the quarter that ended in Dec. 2025 is calculated as

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=189.458/192.811
=98.26 %

* 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 98.26% mean?
General American Investors Co (GAM) has a Net Margin % of 98.26% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on General American Investors Co and its competitors. This is near median its historical median of 97.93. Over the past decade, General American Investors Co's Net Margin % has ranged from 92.91 to 109.01. According to the industry distribution chart, General American Investors Co ranks #438 out of 1576 companies in the Asset Management industry, placing it in the top 27.8%.
Is General American Investors Co's Net Margin % too high?
General American Investors Co's current Net Margin % of 98.26% is near median its 10-year median of 97.93. Over the past 10 years, this metric has ranged from a low of 92.91 to a high of 109.01. The Asset Management industry median Net Margin % is 84.90. General American Investors Co's value of 98.26% is 15.7% above this industry median. Based on the distribution chart, General American Investors Co ranks #438 out of 1576 companies in the Asset Management industry, which is above the industry midpoint. Overall, General American Investors Co has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does General American Investors Co's Net Margin % compare to TRIN and QQQX?
According to the Asset Management industry distribution chart, General American Investors Co ranks #438 out of 1576 companies for Net Margin %. This puts General American Investors Co in the upper half of its industry. The industry median Net Margin % is 84.90. General American Investors Co's value of 98.26% is 15.7% above this benchmark. Historically, General American Investors Co's own Net Margin % has ranged from 92.91 to 109.01 over the past decade. While the company's 10-year median is 97.93 vs. the industry median of 84.90, General American Investors Co 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 1,576 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. General American Investors Co's current Net Margin % of 98.26% is 15.7% 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 General American Investors Co 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. General American Investors Co's current Net Margin % is 98.26%, which is near median its own 10-year median of 97.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General American Investors Co stock overvalued right now?
Based on GuruFocus' analysis, General American Investors Co (GAM) is currently considered Fairly Valued. The stock's GF Value™ is $63.56, compared to a current price of $62.42 — trading 1.8% below its estimated fair value. The current Net Margin % is 98.26%, which is near median its 10-year median of 97.93 and 15.7% above the Asset Management industry median of 84.90. General American Investors Co's overall GF Score™ is 47/100 with 2 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 General American Investors Co (GAM), the current Net Margin % is 98.26% as of Dec. 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.

Is General American Investors Co (GAM) Overvalued in 2026?

Based on GuruFocus' analysis, General American Investors Co stock appears to be undervalued. The current stock price of $62.42 is trading 1.8% below its estimated GF Value™ of $63.56. GuruFocus considers General American Investors Co to be Fairly Valued.

Key valuation signals for GAM:

  • Net Margin %: 98.26% (near median its 10-year median of 97.93)
  • GF Value™: $63.56 vs. price of $62.42 (1.8% below fair value)
  • GF Score™: 47/100 with 2 warning signs
  • Industry Position: 15.7% above the Asset Management median (#438 of 1576)

No single metric tells the full story. See the GAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


General American Investors Co Business Description

Address 530 Fifth Avenue, 26th Floor, New York, NY, USA, 10036
General American Investors Co Inc is a closed-end, diversified management investment company. The primary investment objective of the company is long-term capital appreciation through investment in companies with above-average growth potential. It focuses on equity securities with growth potential at reasonable valuations. The company invests principally in common stocks believed by management to have growth potential.
47GF Score

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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$62.42
Price
$63.56
GF Value