MMU (Western Asset Managed Municipals Fd) Net Margin %: 88.10% (As of Nov. 2025) — 12% Above Median


MMU Western Asset Managed Municipals Fd Inc MMU
33 GF Score
Price $10.40
! 5 Warning Signs
View Full Analysis

What is Western Asset Managed Municipals Fd Net Margin %?

Western Asset Managed Municipals Fd MMU 33 Net Margin % is 88.10% as of Nov. 2025, which is 12% above its 10-year median of 78.45. GuruFocus rates MMU with a GF Score™ of 33/100. The stock has 5 warning signs investors should review. Among 1,580 Asset Management companies, Western Asset Managed Municipals Fd ranks worse than 73.61% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Western Asset Managed Municipals Fd's Net Income for the six months ended in Nov. 2025 was $40.43 Mil. Western Asset Managed Municipals Fd's Revenue for the six months ended in Nov. 2025 was $45.89 Mil. Therefore, Western Asset Managed Municipals Fd's net margin for the quarter that ended in Nov. 2025 was 88.10%.

The historical rank and industry rank for Western Asset Managed Municipals Fd's Net Margin % or its related term are showing as below:

MMU' s Net Margin % Range Over the Past 10 Years
Min: -314.01   Med: 78.45   Max: 444.12
Current: 17.85


MMU's Net Margin % is ranked worse than
73.61% of 1580 companies
in the Asset Management industry
Industry Median: 84.895 vs MMU: 17.85

Western Asset Managed Municipals Fd  (NYSE:MMU) 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.


Western Asset Managed Municipals Fd Net Margin % Related Terms


Western Asset Managed Municipals Fd Net Margin % Historical Data

* Premium members only.

The historical data trend for Western Asset Managed Municipals Fd'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.

Western Asset Managed Municipals Fd Net Margin % Chart

Western Asset Managed Municipals Fd Annual Data
Trend May18 May19 May20 May21 May22 May23 May24 May25
Net Margin %
Get a 7-Day Free Trial 95.83 105.29 444.12 65.99 -29.08

Western Asset Managed Municipals Fd Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 70.91 60.76 84.75 118.46 88.10

MMU vs GUT, TWN, NML: Net Margin % Comparison

For the Asset Management subindustry, Western Asset Managed Municipals Fd'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.


Western Asset Managed Municipals Fd Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Managed Municipals Fd's Net Margin % distribution charts can be found below:

* The bar in red indicates where Western Asset Managed Municipals Fd's Net Margin % falls into.


MMU
33GF Score
Western Asset Managed Municipals Fd Inc MMU
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Asset Managed Municipals Fd 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.

Western Asset Managed Municipals Fd's Net Margin for the fiscal year that ended in May. 2025 is calculated as

Net Margin=Net Income (A: May. 2025 )/Revenue (A: May. 2025 )
=-2.759/9.486
=-29.08 %

Western Asset Managed Municipals Fd's Net Margin for the quarter that ended in Nov. 2025 is calculated as

Net Margin=Net Income (Q: Nov. 2025 )/Revenue (Q: Nov. 2025 )
=40.429/45.889
=88.10 %

* 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 88.10% mean?
Western Asset Managed Municipals Fd (MMU) has a Net Margin % of 88.10% as of Nov. 2025. Net margin is the ratio of total net income to net sales. View historical data on Western Asset Managed Municipals Fd and its competitors. This is 12% above median its historical median of 78.45. According to the industry distribution chart, Western Asset Managed Municipals Fd ranks #1163 out of 1580 companies in the Asset Management industry, placing it in the top 73.6%.
Is Western Asset Managed Municipals Fd's Net Margin % too high?
Western Asset Managed Municipals Fd's current Net Margin % of 88.10% is 12% above median its 10-year median of 78.45. The Asset Management industry median Net Margin % is 84.90. Western Asset Managed Municipals Fd's value of 88.10% is 3.8% above this industry median. Based on the distribution chart, Western Asset Managed Municipals Fd ranks #1163 out of 1580 companies in the Asset Management industry, which is below the industry midpoint. Overall, Western Asset Managed Municipals Fd has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Western Asset Managed Municipals Fd's Net Margin % compare to GUT and TWN?
According to the Asset Management industry distribution chart, Western Asset Managed Municipals Fd ranks #1163 out of 1580 companies for Net Margin %. This places Western Asset Managed Municipals Fd in the lower half of its industry. The industry median Net Margin % is 84.90. Western Asset Managed Municipals Fd's value of 88.10% is 3.8% above this benchmark. While the company's 10-year median is 78.45 vs. the industry median of 84.90, Western Asset Managed Municipals Fd 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. Western Asset Managed Municipals Fd's current Net Margin % of 88.10% is 3.8% 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 Western Asset Managed Municipals Fd 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. Western Asset Managed Municipals Fd's current Net Margin % is 88.10%, which is 12% above median its own 10-year median of 78.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Managed Municipals Fd stock overvalued right now?
Western Asset Managed Municipals Fd (MMU) has a current Net Margin % of 88.10%. The current Net Margin % is 88.10%, which is 12% above median its 10-year median of 78.45 and 3.8% above the Asset Management industry median of 84.90. Western Asset Managed Municipals Fd's overall GF Score™ is 33/100 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 Western Asset Managed Municipals Fd (MMU), the current Net Margin % is 88.10% as of Nov. 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.

Western Asset Managed Municipals Fd Business Description

Address One Madison Avenue, 17th Floor, New York, NY, USA, 10010
Western Asset Managed Municipals Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is to maximize current income exempted from federal income tax as is consistent with the preservation of principal. The fund predominantly invests in long-term investment grade municipal debt securities issued by state and local governments, political subdivisions, agencies, and public authorities (municipal obligations).
33GF Score

Get the complete analysis for MMU

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.40
Price