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FS.COMHKSE:03355 -1.08%19 Net Margin % is 22.54% as of Dec. 2025, which is 17% above its 10-year median of 19.31. GuruFocus rates HKSE:03355 with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 2,476 Hardware companies, FS.COM ranks better than 94.71% on this metric.
Net margin is calculated as Net Income divided by its Revenue. FS.COM's Net Income for the
three
months ended in Dec. 2025 was HK$197.0 Mil. FS.COM's Revenue for the
three
months ended in Dec. 2025 was HK$873.8 Mil. Therefore, FS.COM's net margin for the quarter that ended in Dec. 2025 was 22.54%.
The historical rank and industry rank for FS.COM's Net Margin % or its related term are showing as below:
HKSE:03355'
s Net Margin % Range Over the Past 10 Years
Min: 15.21 Med: 19.31 Max: 22.54
Current: 22.54
HKSE:03355's Net Margin % is ranked better than 94.71% of 2476
companies
in the Hardware industry
Industry Median: 2.69
vs HKSE:03355: 22.54
FS.COM (HKSE:03355) 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.COM Net Margin % Related Terms
FS.COM Net Margin % Historical Data
* Premium members only.
The historical data trend for FS.COM'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.
FS.COM Net Margin % Chart
FS.COM Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net Margin %
18.33
20.64
15.21
20.28
FS.COM Quarterly Data
Dec22
Dec23
Dec24
Sep25
Dec25
Net Margin %
0.00
0.00
7.06
0.00
22.54
HKSE:03355 vs CSCO, MSI, HPE: Net Margin % Comparison
For the Communication Equipment subindustry, FS.COM'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.COM Net Margin % vs Hardware Industry
For the Hardware industry and Technology sector, FS.COM's Net Margin % distribution charts can be found below:
* The bar in red indicates where FS.COM'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.COM (HKSE:03355) has a Net Margin % of 22.54% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on FS.COM and its competitors. This is 17% above median its historical median of 19.31. Over the past decade, FS.COM's Net Margin % has ranged from 15.21 to 22.54. According to the industry distribution chart, FS.COM ranks #131 out of 2476 companies in the Hardware industry, placing it in the top 5.3%.
Is FS.COM's Net Margin % too high?
FS.COM's current Net Margin % of 22.54% is 17% above median its 10-year median of 19.31. Over the past 10 years, this metric has ranged from a low of 15.21 to a high of 22.54. The Hardware industry median Net Margin % is 2.69. FS.COM's value of 22.54% is 737.9% above this industry median. Based on the distribution chart, FS.COM ranks #131 out of 2476 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, FS.COM has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does FS.COM's Net Margin % compare to CSCO and MSI?
According to the Hardware industry distribution chart, FS.COM ranks #131 out of 2476 companies for Net Margin %. This places FS.COM in the top 5% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.69. FS.COM's value of 22.54% is 737.9% above this benchmark. Historically, FS.COM's own Net Margin % has ranged from 15.21 to 22.54 over the past decade. While the company's 10-year median is 19.31 vs. the industry median of 2.69, FS.COM 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 a Hardware company?
The median Net Margin % among Hardware companies is 2.69, based on 2,476 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.COM's current Net Margin % of 22.54% is 737.9% 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.COM and its competitors. For the Hardware industry, the median Net Margin % is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS.COM's current Net Margin % is 22.54%, which is 17% above median its own 10-year median of 19.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS.COM stock overvalued right now?
FS.COM (HKSE:03355) has a current Net Margin % of 22.54%. The current Net Margin % is 22.54%, which is 17% above median its 10-year median of 19.31 and 737.9% above the Hardware industry median of 2.69. FS.COM's overall GF Score™ is 19/100 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 FS.COM (HKSE:03355), the current Net Margin % is 22.54% 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.
FS.COM Ltd operates as a DTC networking solution provider, principally engaged in the sales of optical communication products. It operates through its online platform, FS.com. The company's offerings include networking equipment, networking operating systems, and cloud-based network management platforms used in applications such as high-performance computing, data centers, enterprise networks, and telecommunications, supporting businesses' digital infrastructure needs. The majority of revenue is derived from the provision of its General networking solutions and High-performance networking solutions. Geographically, the company generates the maximum revenue from the United States.
19GF Score
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