FortescueMEX:FMG1N 78 Net Margin % is 22.68% as of Dec. 2025, which is 24% below its 10-year median of 29.99. GuruFocus rates MEX:FMG1N with a GF Score™ of 78/100 and a GF Value™ of MXN206.76. The stock has 6 warning signs investors should review. Among 843 Metals & Mining companies, Fortescue ranks better than 80.31% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Fortescue's Net Income for the
six
months ended in Dec. 2025 was MXN34,463 Mil. Fortescue's Revenue for the
six
months ended in Dec. 2025 was MXN151,950 Mil. Therefore, Fortescue's net margin for the quarter that ended in Dec. 2025 was 22.68%.
The historical rank and industry rank for Fortescue's Net Margin % or its related term are showing as below:
MEX:FMG1N'
s Net Margin % Range Over the Past 10 Years
Min: 12.97 Med: 29.99 Max: 46.31
Current: 23.02
MEX:FMG1N's Net Margin % is ranked better than 80.31% of 843
companies
in the Metals & Mining industry
Industry Median: 3.41
vs MEX:FMG1N: 23.02
Fortescue (MEX:FMG1N) 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.
Fortescue Net Margin % Related Terms
Fortescue Net Margin % Historical Data
* Premium members only.
The historical data trend for Fortescue'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 Other Industrial Metals & Mining subindustry, Fortescue'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.
Fortescue Net Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortescue's Net Margin % distribution charts can be found below:
* The bar in red indicates where Fortescue'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.
Fortescue (MEX:FMG1N) has a Net Margin % of 22.68% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Fortescue and its competitors. This is 24% below median its historical median of 29.99. Over the past decade, Fortescue's Net Margin % has ranged from 12.97 to 46.31. According to the industry distribution chart, Fortescue ranks #166 out of 843 companies in the Metals & Mining industry, placing it in the top 19.7%.
Is Fortescue's Net Margin % too high?
Fortescue's current Net Margin % of 22.68% is 24% below median its 10-year median of 29.99. Over the past 10 years, this metric has ranged from a low of 12.97 to a high of 46.31. The Metals & Mining industry median Net Margin % is 3.41. Fortescue's value of 22.68% is 565.1% above this industry median. Based on the distribution chart, Fortescue ranks #166 out of 843 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Fortescue has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Fortescue's Net Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Fortescue ranks #166 out of 843 companies for Net Margin %. This places Fortescue in the top 20% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.41. Fortescue's value of 22.68% is 565.1% above this benchmark. Historically, Fortescue's own Net Margin % has ranged from 12.97 to 46.31 over the past decade. While the company's 10-year median is 29.99 vs. the industry median of 3.41, Fortescue 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 Metals & Mining company?
The median Net Margin % among Metals & Mining companies is 3.41, based on 843 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. Fortescue's current Net Margin % of 22.68% is 565.1% 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 Fortescue and its competitors. For the Metals & Mining industry, the median Net Margin % is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortescue's current Net Margin % is 22.68%, which is 24% below median its own 10-year median of 29.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortescue stock overvalued right now?
Fortescue (MEX:FMG1N) has a current Net Margin % of 22.68%. The stock's GF Value™ is MXN206.76, compared to a current price of MXN204.38 — trading 1.2% below its estimated fair value. The current Net Margin % is 22.68%, which is 24% below median its 10-year median of 29.99 and 565.1% above the Metals & Mining industry median of 3.41. Fortescue's overall GF Score™ is 78/100 with 6 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 Fortescue (MEX:FMG1N), the current Net Margin % is 22.68% 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.
Is Fortescue (MEX:FMG1N) Overvalued in 2026?
Based on GuruFocus' analysis, Fortescue stock appears to be undervalued.
The current stock price of MXN204.38 is trading 1.2% below its estimated GF Value™ of MXN206.76.
Key valuation signals for MEX:FMG1N:
Net Margin %: 22.68% (24% below median its 10-year median of 29.99)
GF Value™: MXN206.76 vs. price of MXN204.38 (1.2% below fair value)
Industry Position: 565.1% above the Metals & Mining median (#166 of 843)
No single metric tells the full story. See the MEX:FMG1N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortescue is an Australia-based iron ore miner. It has grown from obscurity at the start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 195 million metric tons in 2025 means Fortescue supplies around 10% of global seaborne iron ore. Further expansion to about 210 million metric tons is likely once its 22 million metric ton Iron Bridge magnetite mine ramps up, likely in 2028. However, with longer-term demand likely to decline as China's economy matures, its future margins are likely to be below historical averages. More recently, Fortescue diversified into copper and green energy. It has big ambitions here, but its efforts are at an early stage.
78GF Score
Get the complete analysis for MEX:FMG1N
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
MEX:FMG1N has been successfully added to your 
