CMC MarketsLSE:CMCX -0.44%76 Net Margin % is 17.31% as of Mar. 2026, which is 10% below its 10-year median of 19.31. GuruFocus rates LSE:CMCX with a GF Score™ of 76/100 and a GF Value™ of £2.79 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 774 Capital Markets companies, CMC Markets ranks better than 53.88% on this metric.
Net margin is calculated as Net Income divided by its Revenue. CMC Markets's Net Income for the
six
months ended in Mar. 2026 was £38.4 Mil. CMC Markets's Revenue for the
six
months ended in Mar. 2026 was £221.9 Mil. Therefore, CMC Markets's net margin for the quarter that ended in Mar. 2026 was 17.31%.
The historical rank and industry rank for CMC Markets's Net Margin % or its related term are showing as below:
LSE:CMCX'
s Net Margin % Range Over the Past 10 Years
Min: 3.54 Med: 19.31 Max: 38.55
Current: 17.76
LSE:CMCX's Net Margin % is ranked better than 53.88% of 774
companies
in the Capital Markets industry
Industry Median: 14.305
vs LSE:CMCX: 17.76
CMC Markets (LSE:CMCX) 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.
CMC Markets Net Margin % Related Terms
CMC Markets Net Margin % Historical Data
* Premium members only.
The historical data trend for CMC Markets'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 Capital Markets subindustry, CMC Markets'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.
CMC Markets Net Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, CMC Markets's Net Margin % distribution charts can be found below:
* The bar in red indicates where CMC Markets'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.
CMC Markets (LSE:CMCX) has a Net Margin % of 17.31% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on CMC Markets and its competitors. This is 10% below median its historical median of 19.31. Over the past decade, CMC Markets' Net Margin % has ranged from 3.54 to 38.55. According to the industry distribution chart, CMC Markets ranks #357 out of 774 companies in the Capital Markets industry, placing it in the top 46.1%.
Is CMC Markets' Net Margin % too high?
CMC Markets' current Net Margin % of 17.31% is 10% below median its 10-year median of 19.31. Over the past 10 years, this metric has ranged from a low of 3.54 to a high of 38.55. The Capital Markets industry median Net Margin % is 14.31. CMC Markets' value of 17.31% is 21% above this industry median. Based on the distribution chart, CMC Markets ranks #357 out of 774 companies in the Capital Markets industry, which is above the industry midpoint. Overall, CMC Markets has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CMC Markets' Net Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, CMC Markets ranks #357 out of 774 companies for Net Margin %. This puts CMC Markets in the upper half of its industry. The industry median Net Margin % is 14.31. CMC Markets' value of 17.31% is 21% above this benchmark. Historically, CMC Markets' own Net Margin % has ranged from 3.54 to 38.55 over the past decade. While the company's 10-year median is 19.31 vs. the industry median of 14.31, CMC Markets 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 Capital Markets company?
The median Net Margin % among Capital Markets companies is 14.31, based on 774 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. CMC Markets's current Net Margin % of 17.31% is 21% 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 CMC Markets and its competitors. For the Capital Markets industry, the median Net Margin % is 14.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMC Markets's current Net Margin % is 17.31%, which is 10% below 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 CMC Markets stock overvalued right now?
Based on GuruFocus' analysis, CMC Markets (LSE:CMCX) is currently considered Significantly Overvalued. The stock's GF Value™ is £2.79, compared to a current price of £4.48 — trading 60.4% above its estimated fair value. The current Net Margin % is 17.31%, which is 10% below median its 10-year median of 19.31 and 21% above the Capital Markets industry median of 14.31. CMC Markets' overall GF Score™ is 76/100 with 8 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 CMC Markets (LSE:CMCX), the current Net Margin % is 17.31% 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 CMC Markets (LSE:CMCX) Overvalued in 2026?
Based on GuruFocus' analysis, CMC Markets stock appears to be overvalued.
The current stock price of £4.48 is trading 60.4% above its estimated GF Value™ of £2.79.
GuruFocus considers CMC Markets to be Significantly Overvalued.
Key valuation signals for LSE:CMCX:
Net Margin %: 17.31% (10% below median its 10-year median of 19.31)
GF Value™: £2.79 vs. price of £4.48 (60.4% above fair value)
Industry Position: 21% above the Capital Markets median (#357 of 774)
No single metric tells the full story. See the LSE:CMCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMC Markets PLC is a United Kingdom-based company that provides an online platform for trading and investing, with a comprehensive retail, professional, and institutional offering. The Group's business consists of two segments, Trading and Investing. The majority of its revenue is generated from the Trading segment, whose core business involves online trading, enabling clients to trade a broad array of financial instruments for short-term investment and hedging purposes. Additionally, the trading segment includes the Treasury Management and Capital Markets Division that invests surplus liquidity to enhance yield. The Investing segment supports clients longer-term investment goals. The group offers online stockbroking services in Australia, the UK, the USA, and Singapore.
76GF Score
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