Polar Capital Technology Trust (LSE:PCT) Net Margin %: 99.91% (As of Oct. 2025) — Near Median


LSE:PCT Polar Capital Technology Trust PLC LSE:PCT
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What is Polar Capital Technology Trust Net Margin %?

Polar Capital Technology Trust LSE:PCT +0.07% 35 Net Margin % is 99.91% as of Oct. 2025, which is 1% above its 10-year median of 99.38. GuruFocus rates LSE:PCT with a GF Score™ of 35/100. The stock has 5 warning signs investors should review. Among 1,580 Asset Management companies, Polar Capital Technology Trust ranks better than 83.61% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Polar Capital Technology Trust's Net Income for the six months ended in Oct. 2025 was £2,456 Mil. Polar Capital Technology Trust's Revenue for the six months ended in Oct. 2025 was £2,458 Mil. Therefore, Polar Capital Technology Trust's net margin for the quarter that ended in Oct. 2025 was 99.91%.

The historical rank and industry rank for Polar Capital Technology Trust's Net Margin % or its related term are showing as below:

LSE:PCT' s Net Margin % Range Over the Past 10 Years
Min: 85.64   Med: 99.38   Max: 103.35
Current: 99.81


LSE:PCT's Net Margin % is ranked better than
83.61% of 1580 companies
in the Asset Management industry
Industry Median: 84.895 vs LSE:PCT: 99.81

Polar Capital Technology Trust  (LSE:PCT) 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.


Polar Capital Technology Trust Net Margin % Related Terms


Polar Capital Technology Trust Net Margin % Historical Data

* Premium members only.

The historical data trend for Polar Capital Technology Trust'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.

Polar Capital Technology Trust Net Margin % Chart

Polar Capital Technology Trust Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 99.66 101.31 103.35 99.70 96.70

Polar Capital Technology Trust Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 99.54 99.77 99.52 100.61 99.91

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

For the Asset Management subindustry, Polar Capital Technology Trust'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.


Polar Capital Technology Trust Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Polar Capital Technology Trust's Net Margin % distribution charts can be found below:

* The bar in red indicates where Polar Capital Technology Trust's Net Margin % falls into.


LSE:PCT
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Polar Capital Technology Trust PLC LSE:PCT
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Polar Capital Technology Trust 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.

Polar Capital Technology Trust's Net Margin for the fiscal year that ended in Apr. 2025 is calculated as

Net Margin=Net Income (A: Apr. 2025 )/Revenue (A: Apr. 2025 )
=118.355/122.389
=96.70 %

Polar Capital Technology Trust's Net Margin for the quarter that ended in Oct. 2025 is calculated as

Net Margin=Net Income (Q: Oct. 2025 )/Revenue (Q: Oct. 2025 )
=2455.785/2457.989
=99.91 %

* 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 99.91% mean?
Polar Capital Technology Trust (LSE:PCT) has a Net Margin % of 99.91% as of Oct. 2025. Net margin is the ratio of total net income to net sales. View historical data on Polar Capital Technology Trust and its competitors. This is near median its historical median of 99.38. Over the past decade, Polar Capital Technology Trust's Net Margin % has ranged from 85.64 to 103.35. According to the industry distribution chart, Polar Capital Technology Trust ranks #259 out of 1580 companies in the Asset Management industry, placing it in the top 16.4%.
Is Polar Capital Technology Trust's Net Margin % too high?
Polar Capital Technology Trust's current Net Margin % of 99.91% is near median its 10-year median of 99.38. Over the past 10 years, this metric has ranged from a low of 85.64 to a high of 103.35. The Asset Management industry median Net Margin % is 84.90. Polar Capital Technology Trust's value of 99.91% is 17.7% above this industry median. Based on the distribution chart, Polar Capital Technology Trust ranks #259 out of 1580 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Polar Capital Technology Trust has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Polar Capital Technology Trust's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Polar Capital Technology Trust ranks #259 out of 1580 companies for Net Margin %. This places Polar Capital Technology Trust in the top 16% of its industry — outperforming the majority of peers. The industry median Net Margin % is 84.90. Polar Capital Technology Trust's value of 99.91% is 17.7% above this benchmark. Historically, Polar Capital Technology Trust's own Net Margin % has ranged from 85.64 to 103.35 over the past decade. While the company's 10-year median is 99.38 vs. the industry median of 84.90, Polar Capital Technology Trust 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 84.90, based on 1,580 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. Polar Capital Technology Trust's current Net Margin % of 99.91% is 17.7% 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 Polar Capital Technology Trust and its competitors. For the Asset Management industry, the median Net Margin % is 84.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polar Capital Technology Trust's current Net Margin % is 99.91%, 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 Polar Capital Technology Trust stock overvalued right now?
Polar Capital Technology Trust (LSE:PCT) has a current Net Margin % of 99.91%. The current Net Margin % is 99.91%, which is near median its 10-year median of 99.38 and 17.7% above the Asset Management industry median of 84.90. Polar Capital Technology Trust's overall GF Score™ is 35/100 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 Polar Capital Technology Trust (LSE:PCT), the current Net Margin % is 99.91% as of Oct. 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.

Polar Capital Technology Trust Business Description

Address 16 Palace Street, London, GBR, SW1E 5JD
Polar Capital Technology Trust PLC is a UK-based investment trust company. The company has an investment objective to achieve long-term capital growth by investing in a diversified portfolio of technology companies world-wide. Geographically, the company generates investment income from North America, Europe, and the Asia Pacific region. It invests in sectors such as Software, Interactive Media and Services, Semiconductors and Semiconductor Equipment, Technology Hardware, Storage and Peripherals, Internet and Direct Marketing Retail, IT Services, Entertainment, and others.
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