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HashKey HoldingsHKSE:03887 +0.58%11 Net Margin % is -132.21% as of Dec. 2025. GuruFocus rates HKSE:03887 with a GF Score™ of 11/100. The stock has 5 warning signs investors should review. Among 772 Capital Markets companies, HashKey Holdings ranks worse than 90.28% on this metric.
HashKey Holdings (HKSE:03887) 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.
HashKey Holdings Net Margin % Related Terms
HashKey Holdings Net Margin % Historical Data
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The historical data trend for HashKey Holdings'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.
HKSE:03887 vs SPGI, CME, ICE: Net Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, HashKey Holdings'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.
HashKey Holdings Net Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HashKey Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where HashKey Holdings'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.
HashKey Holdings (HKSE:03887) has a Net Margin % of -132.21% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on HashKey Holdings and its competitors. According to the industry distribution chart, HashKey Holdings ranks #697 out of 772 companies in the Capital Markets industry, placing it in the top 90.3%.
Is HashKey Holdings' Net Margin % too high?
HashKey Holdings' current Net Margin % is -132.21%. Based on the distribution chart, HashKey Holdings ranks #697 out of 772 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, HashKey Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does HashKey Holdings' Net Margin % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, HashKey Holdings ranks #697 out of 772 companies for Net Margin %. This places HashKey Holdings in the lower half of its industry. The industry median Net Margin % is 15.90. 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 Capital Markets company?
The median Net Margin % among Capital Markets companies is 15.90, based on 772 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. 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 HashKey Holdings and its competitors. For the Capital Markets industry, the median Net Margin % is 15.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HashKey Holdings's current Net Margin % is -132.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HashKey Holdings stock overvalued right now?
HashKey Holdings (HKSE:03887) has a current Net Margin % of -132.21%. The current Net Margin % is -132.21%. HashKey Holdings' overall GF Score™ is 11/100 with 5 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 HashKey Holdings (HKSE:03887), the current Net Margin % is -132.21% 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.
HashKey Holdings Ltd is an investment holding company, principally engaged in digital asset exchange custody, asset management, and related blockchain infrastructure services. The Group's business includes licensed digital asset trading platforms, brokerage services, custody solutions, asset management products, and technology services provided to institutional and professional clients. The company's business segments are: Transaction facilitation services, On-chain services, and Asset management services. It derived the majority of revenue from the Transaction facilitation services segment, covering digital asset exchange services, brokerage services, and custody services. Geographically, it derived the maximum revenue from Hong Kong.
11GF Score
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