HFRO (Highland Opportunities andome Fund) Net Margin %: 75.05% (As of Dec. 2025) — 19% Below Median


HFRO Highland Opportunities and Income Fund HFRO
39 GF Score
Price $7.51
! 4 Warning Signs
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What is Highland Opportunities andome Fund Net Margin %?

Highland Opportunities andome Fund HFRO 39 Net Margin % is 75.05% as of Dec. 2025, which is 19% below its 10-year median of 92.13. GuruFocus rates HFRO with a GF Score™ of 39/100. The stock has 4 warning signs investors should review. Among 1,572 Asset Management companies, Highland Opportunities andome Fund ranks better than 94.59% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Highland Opportunities andome Fund's Net Income for the six months ended in Dec. 2025 was $20.20 Mil. Highland Opportunities andome Fund's Revenue for the six months ended in Dec. 2025 was $26.91 Mil. Therefore, Highland Opportunities andome Fund's net margin for the quarter that ended in Dec. 2025 was 75.05%.

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

HFRO' s Net Margin % Range Over the Past 10 Years
Min: 80.82   Med: 92.13   Max: 621.74
Current: 262.74


HFRO's Net Margin % is ranked better than
94.59% of 1572 companies
in the Asset Management industry
Industry Median: 85.385 vs HFRO: 262.74

Highland Opportunities andome Fund  (NYSE:HFRO) 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.


Highland Opportunities andome Fund Net Margin % Related Terms


Highland Opportunities andome Fund Net Margin % Historical Data

* Premium members only.

The historical data trend for Highland Opportunities andome Fund'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.

Highland Opportunities andome Fund Net Margin % Chart

Highland Opportunities andome Fund Annual Data
Trend Jun18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial 94.21 86.89 621.74 123.77 262.72

Highland Opportunities andome Fund Semi-Annual Data
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 113.17 73.72 108.74 107.33 75.05

HFRO vs GBAB, ALTI, NCV: Net Margin % Comparison

For the Asset Management subindustry, Highland Opportunities andome Fund'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.


Highland Opportunities andome Fund Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Highland Opportunities andome Fund's Net Margin % distribution charts can be found below:

* The bar in red indicates where Highland Opportunities andome Fund's Net Margin % falls into.


HFRO
39GF Score
Highland Opportunities and Income Fund HFRO
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Highland Opportunities andome Fund 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.

Highland Opportunities andome Fund'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 )
=-14.686/-5.59
=262.72 %

Highland Opportunities andome Fund'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 )
=20.197/26.913
=75.05 %

* 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 75.05% mean?
Highland Opportunities andome Fund (HFRO) has a Net Margin % of 75.05% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Highland Opportunities andome Fund and its competitors. This is 19% below median its historical median of 92.13. Over the past decade, Highland Opportunities andome Fund's Net Margin % has ranged from 80.82 to 621.74. According to the industry distribution chart, Highland Opportunities andome Fund ranks #85 out of 1572 companies in the Asset Management industry, placing it in the top 5.4%.
Is Highland Opportunities andome Fund's Net Margin % too high?
Highland Opportunities andome Fund's current Net Margin % of 75.05% is 19% below median its 10-year median of 92.13. Over the past 10 years, this metric has ranged from a low of 80.82 to a high of 621.74. The Asset Management industry median Net Margin % is 85.39. Highland Opportunities andome Fund's value of 75.05% is 12.1% below this industry median. Based on the distribution chart, Highland Opportunities andome Fund ranks #85 out of 1572 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Highland Opportunities andome Fund has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Highland Opportunities andome Fund's Net Margin % compare to GBAB and ALTI?
According to the Asset Management industry distribution chart, Highland Opportunities andome Fund ranks #85 out of 1572 companies for Net Margin %. This places Highland Opportunities andome Fund in the top 5% of its industry — outperforming the majority of peers. The industry median Net Margin % is 85.39. Highland Opportunities andome Fund's value of 75.05% is 12.1% below this benchmark. Historically, Highland Opportunities andome Fund's own Net Margin % has ranged from 80.82 to 621.74 over the past decade. While the company's 10-year median is 92.13 vs. the industry median of 85.39, Highland Opportunities andome Fund has consistently been below 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 85.39, based on 1,572 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. Highland Opportunities andome Fund's current Net Margin % of 75.05% is 12.1% below 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 Highland Opportunities andome Fund and its competitors. For the Asset Management industry, the median Net Margin % is 85.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highland Opportunities andome Fund's current Net Margin % is 75.05%, which is 19% below median its own 10-year median of 92.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highland Opportunities andome Fund stock overvalued right now?
Highland Opportunities andome Fund (HFRO) has a current Net Margin % of 75.05%. The current Net Margin % is 75.05%, which is 19% below median its 10-year median of 92.13 and 12.1% below the Asset Management industry median of 85.39. Highland Opportunities andome Fund's overall GF Score™ is 39/100 with 4 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 Highland Opportunities andome Fund (HFRO), the current Net Margin % is 75.05% 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.

Highland Opportunities andome Fund Business Description

Other Exchanges HFROpA.PFD:USA
Address 300 Crescent Court, Suite 700, Dallas, TX, USA, 75201
Highland Opportunities and Income Fund is a non-diversified, closed-end management investment company. Its investment objective is to Income Fund seeks growth of capital along with income. It focuses on making investments in real estate securities, including Reits, secured and unsecured fixed-rate loans and corporate bonds, mezzanine securities, structured products, convertible and preferred securities and equities (public and private), and floating rate securities.
39GF 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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