NextNXGPF +3.17%86 Net Margin % is 13.55% as of Jan. 2026, which is 6% below its 10-year median of 14.34. GuruFocus rates NXGPF with a GF Score™ of 86/100 and a GF Value™ of $173.79 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,128 Retail - Cyclical companies, Next ranks better than 90.69% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Next's Net Income for the
six
months ended in Jan. 2026 was $689 Mil. Next's Revenue for the
six
months ended in Jan. 2026 was $5,084 Mil. Therefore, Next's net margin for the quarter that ended in Jan. 2026 was 13.55%.
The historical rank and industry rank for Next's Net Margin % or its related term are showing as below:
NXGPF'
s Net Margin % Range Over the Past 10 Years
Min: 8.11 Med: 14.34 Max: 15.51
Current: 12.87
NXGPF's Net Margin % is ranked better than 90.69% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 2.335
vs NXGPF: 12.87
Next (OTCPK:NXGPF) 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.
Next Net Margin % Related Terms
Next Net Margin % Historical Data
* Premium members only.
The historical data trend for Next'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 Apparel Retail subindustry, Next'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.
Next Net Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Next's Net Margin % distribution charts can be found below:
* The bar in red indicates where Next'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.
Next (NXGPF) has a Net Margin % of 13.55% as of Jan. 2026. Net margin is the ratio of total net income to net sales. View historical data on Next and its competitors. This is near median its historical median of 14.34. Over the past decade, Next's Net Margin % has ranged from 8.11 to 15.51. According to the industry distribution chart, Next ranks #105 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 9.3%.
Is Next's Net Margin % too high?
Next's current Net Margin % of 13.55% is near median its 10-year median of 14.34. Over the past 10 years, this metric has ranged from a low of 8.11 to a high of 15.51. The Retail - Cyclical industry median Net Margin % is 2.34. Next's value of 13.55% is 480.3% above this industry median. Based on the distribution chart, Next ranks #105 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Next has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Next's Net Margin % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Next ranks #105 out of 1128 companies for Net Margin %. This places Next in the top 9% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.34. Next's value of 13.55% is 480.3% above this benchmark. Historically, Next's own Net Margin % has ranged from 8.11 to 15.51 over the past decade. While the company's 10-year median is 14.34 vs. the industry median of 2.34, Next 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 Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.34, based on 1,128 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. Next's current Net Margin % of 13.55% is 480.3% 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 Next and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next's current Net Margin % is 13.55%, which is near median its own 10-year median of 14.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next stock overvalued right now?
Based on GuruFocus' analysis, Next (NXGPF) is currently considered Fairly Valued. The stock's GF Value™ is $173.79, compared to a current price of $190.69 — trading 9.7% above its estimated fair value. The current Net Margin % is 13.55%, which is near median its 10-year median of 14.34 and 480.3% above the Retail - Cyclical industry median of 2.34. Next's overall GF Score™ is 86/100 with 2 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 Next (NXGPF), the current Net Margin % is 13.55% 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.
Is Next (NXGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Next stock appears to be overvalued.
The current stock price of $190.69 is trading 9.7% above its estimated GF Value™ of $173.79.
GuruFocus considers Next to be Fairly Valued.
Key valuation signals for NXGPF:
Net Margin %: 13.55% (near median its 10-year median of 14.34)
GF Value™: $173.79 vs. price of $190.69 (9.7% above fair value)
Industry Position: 480.3% above the Retail - Cyclical median (#105 of 1128)
No single metric tells the full story. See the NXGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
86GF Score
Get the complete analysis for NXGPF
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
NXGPF has been successfully added to your 
