Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Merchants Trust (The)LSE:MRCH -0.46%39 Net Margin % is 98.23% as of Jan. 2026, which is 0% below its 10-year median of 98.72. GuruFocus rates LSE:MRCH with a GF Score™ of 39/100. The stock has 5 warning signs investors should review. Among 1,571 Asset Management companies, Merchants Trust (The) ranks better than 70.78% on this metric.
The historical rank and industry rank for Merchants Trust (The)'s Net Margin % or its related term are showing as below:
LSE:MRCH'
s Net Margin % Range Over the Past 10 Years
Min: 87.95 Med: 98.72 Max: 111.83
Current: 98.19
LSE:MRCH's Net Margin % is ranked better than 70.78% of 1571
companies
in the Asset Management industry
Industry Median: 85.3
vs LSE:MRCH: 98.19
Merchants Trust (The) (LSE:MRCH) 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.
Merchants Trust (The) Net Margin % Related Terms
Merchants Trust (The) Net Margin % Historical Data
* Premium members only.
The historical data trend for Merchants 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.
For the Asset Management subindustry, Merchants 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.
Merchants Trust (The) Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Merchants Trust (The)'s Net Margin % distribution charts can be found below:
* The bar in red indicates where Merchants Trust (The)'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.
Merchants Trust (The) (LSE:MRCH) has a Net Margin % of 98.23% as of Jan. 2026. Net margin is the ratio of total net income to net sales. View historical data on Merchants Trust (The) and its competitors. This is near median its historical median of 98.72. Over the past decade, Merchants Trust (The)'s Net Margin % has ranged from 87.95 to 111.83. According to the industry distribution chart, Merchants Trust (The) ranks #459 out of 1571 companies in the Asset Management industry, placing it in the top 29.2%.
Is Merchants Trust (The)'s Net Margin % too high?
Merchants Trust (The)'s current Net Margin % of 98.23% is near median its 10-year median of 98.72. Over the past 10 years, this metric has ranged from a low of 87.95 to a high of 111.83. The Asset Management industry median Net Margin % is 85.30. Merchants Trust (The)'s value of 98.23% is 15.2% above this industry median. Based on the distribution chart, Merchants Trust (The) ranks #459 out of 1571 companies in the Asset Management industry, which is above the industry midpoint. Overall, Merchants Trust (The) has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Merchants Trust (The)'s Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Merchants Trust (The) ranks #459 out of 1571 companies for Net Margin %. This puts Merchants Trust (The) in the upper half of its industry. The industry median Net Margin % is 85.30. Merchants Trust (The)'s value of 98.23% is 15.2% above this benchmark. Historically, Merchants Trust (The)'s own Net Margin % has ranged from 87.95 to 111.83 over the past decade. While the company's 10-year median is 98.72 vs. the industry median of 85.30, Merchants 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 85.30, based on 1,571 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. Merchants Trust (The)'s current Net Margin % of 98.23% is 15.2% 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 Merchants Trust (The) and its competitors. For the Asset Management industry, the median Net Margin % is 85.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merchants Trust (The)'s current Net Margin % is 98.23%, which is near median its own 10-year median of 98.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merchants Trust (The) stock overvalued right now?
Merchants Trust (The) (LSE:MRCH) has a current Net Margin % of 98.23%. The current Net Margin % is 98.23%, which is near median its 10-year median of 98.72 and 15.2% above the Asset Management industry median of 85.30. Merchants Trust (The)'s overall GF Score™ is 39/100 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 Merchants Trust (The) (LSE:MRCH), the current Net Margin % is 98.23% 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.
Merchants Trust (The) PLC is an investment trust. Its objective is to provide an above-average level of income and income growth together with long-term capital growth through a policy of investing mainly in higher-yielding large UK companies. Its performance is benchmarked against the FTSE All-Share Index.
39GF Score
Get the complete analysis for LSE:MRCH
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:MRCH has been successfully added to your 
