Mercantile Investment Trust (The) (LSE:MRC) Net Margin %: 98.73% (As of Jan. 2026) — Near Median

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LSE:MRC Mercantile Investment Trust (The) PLC LSE:MRC
37 GF Score
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What is Mercantile Investment Trust (The) Net Margin %?

Mercantile Investment Trust (The) LSE:MRC +1.05% 37 Net Margin % is 98.73% as of Jan. 2026, which is 1% below its 10-year median of 99.38. GuruFocus rates LSE:MRC with a GF Score™ of 37/100. The stock has 5 warning signs investors should review. Among 1,570 Asset Management companies, Mercantile Investment Trust (The) ranks better than 78.22% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Mercantile Investment Trust (The)'s Net Income for the six months ended in Jan. 2026 was £103.8 Mil. Mercantile Investment Trust (The)'s Revenue for the six months ended in Jan. 2026 was £105.1 Mil. Therefore, Mercantile Investment Trust (The)'s net margin for the quarter that ended in Jan. 2026 was 98.73%.

The historical rank and industry rank for Mercantile Investment Trust (The)'s Net Margin % or its related term are showing as below:

LSE:MRC' s Net Margin % Range Over the Past 10 Years
Min: 97.66   Med: 99.38   Max: 101.57
Current: 99.13


LSE:MRC's Net Margin % is ranked better than
78.22% of 1570 companies
in the Asset Management industry
Industry Median: 85.285 vs LSE:MRC: 99.13

Mercantile Investment Trust (The)  (LSE:MRC) 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.


Mercantile Investment Trust (The) Net Margin % Related Terms


Mercantile Investment Trust (The) Net Margin % Historical Data

* Premium members only.

The historical data trend for Mercantile Investment Trust (The)'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.

Mercantile Investment Trust (The) Net Margin % Chart

Mercantile Investment Trust (The) Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 98.86 100.61 97.66 98.88 99.13

Mercantile Investment Trust (The) Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 Premium Member Only Premium Member Only 98.99 99.60 101.65 99.53 98.73

LSE:MRC vs BLK, BX, KKR: Net Margin % Comparison

For the Asset Management subindustry, Mercantile Investment Trust (The)'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.


Mercantile Investment Trust (The) Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Mercantile Investment Trust (The)'s Net Margin % distribution charts can be found below:

* The bar in red indicates where Mercantile Investment Trust (The)'s Net Margin % falls into.


LSE:MRC
37GF Score
Mercantile Investment Trust (The) PLC LSE:MRC
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercantile Investment Trust (The) 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.

Mercantile Investment Trust (The)'s Net Margin for the fiscal year that ended in Jan. 2026 is calculated as

Net Margin=Net Income (A: Jan. 2026 )/Revenue (A: Jan. 2026 )
=207.853/209.679
=99.13 %

Mercantile Investment Trust (The)'s Net Margin for the quarter that ended in Jan. 2026 is calculated as

Net Margin=Net Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=103.758/105.097
=98.73 %

* 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 98.73% mean?
Mercantile Investment Trust (The) (LSE:MRC) has a Net Margin % of 98.73% as of Jan. 2026. Net margin is the ratio of total net income to net sales. View historical data on Mercantile Investment Trust (The) and its competitors. This is near median its historical median of 99.38. Over the past decade, Mercantile Investment Trust (The)'s Net Margin % has ranged from 97.66 to 101.57. According to the industry distribution chart, Mercantile Investment Trust (The) ranks #342 out of 1570 companies in the Asset Management industry, placing it in the top 21.8%.
Is Mercantile Investment Trust (The)'s Net Margin % too high?
Mercantile Investment Trust (The)'s current Net Margin % of 98.73% is near median its 10-year median of 99.38. Over the past 10 years, this metric has ranged from a low of 97.66 to a high of 101.57. The Asset Management industry median Net Margin % is 85.29. Mercantile Investment Trust (The)'s value of 98.73% is 15.8% above this industry median. Based on the distribution chart, Mercantile Investment Trust (The) ranks #342 out of 1570 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Mercantile Investment Trust (The) has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Mercantile Investment Trust (The)'s Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Mercantile Investment Trust (The) ranks #342 out of 1570 companies for Net Margin %. This places Mercantile Investment Trust (The) in the top 22% of its industry — outperforming the majority of peers. The industry median Net Margin % is 85.29. Mercantile Investment Trust (The)'s value of 98.73% is 15.8% above this benchmark. Historically, Mercantile Investment Trust (The)'s own Net Margin % has ranged from 97.66 to 101.57 over the past decade. While the company's 10-year median is 99.38 vs. the industry median of 85.29, Mercantile Investment Trust (The) 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 85.29, based on 1,570 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. Mercantile Investment Trust (The)'s current Net Margin % of 98.73% is 15.8% 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 Mercantile Investment Trust (The) and its competitors. For the Asset Management industry, the median Net Margin % is 85.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercantile Investment Trust (The)'s current Net Margin % is 98.73%, which is near median its own 10-year median of 99.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercantile Investment Trust (The) stock overvalued right now?
Mercantile Investment Trust (The) (LSE:MRC) has a current Net Margin % of 98.73%. The current Net Margin % is 98.73%, which is near median its 10-year median of 99.38 and 15.8% above the Asset Management industry median of 85.29. Mercantile Investment Trust (The)'s overall GF Score™ is 37/100 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 Mercantile Investment Trust (The) (LSE:MRC), the current Net Margin % is 98.73% as of Jan. 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.

Mercantile Investment Trust (The) Business Description

Address 60 Victoria Embankment, London, GBR, EC4Y 0JP
Mercantile Investment Trust (The) PLC is an investment trust managed by JP Morgan Funds Limited. It aims to achieve capital growth through investing in a diversified portfolio of UK medium and smaller companies. The trust's investment portfolio consists of securities of companies from various sectors such as Consumer Services, Financials, Industrial, Technology, Health Care, Basic Materials, Telecommunications, Utilities, Consumer Goods, Real Estate, and Oil & Gas.
37GF Score

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