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Source CapitalSOR +0.45%57 Net Margin % is 85.63% as of Dec. 2025, which is 13% below its 10-year median of 98.24. GuruFocus rates SOR with a GF Score™ of 57/100 and a GF Value™ of $62.87 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,568 Asset Management companies, Source Capital ranks better than 54.66% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Source Capital's Net Income for the
six
months ended in Dec. 2025 was $29.36 Mil. Source Capital's Revenue for the
six
months ended in Dec. 2025 was $34.29 Mil. Therefore, Source Capital's net margin for the quarter that ended in Dec. 2025 was 85.63%.
The historical rank and industry rank for Source Capital's Net Margin % or its related term are showing as below:
SOR'
s Net Margin % Range Over the Past 10 Years
Min: 91.79 Med: 98.24 Max: 104.05
Current: 91.79
SOR's Net Margin % is ranked better than 54.66% of 1568
companies
in the Asset Management industry
Industry Median: 85.245
vs SOR: 91.79
Source Capital (NYSE:SOR) 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.
Source Capital Net Margin % Related Terms
Source Capital Net Margin % Historical Data
* Premium members only.
The historical data trend for Source Capital'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, Source Capital'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.
Source Capital Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Source Capital's Net Margin % distribution charts can be found below:
* The bar in red indicates where Source Capital'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.
Source Capital (SOR) has a Net Margin % of 85.63% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Source Capital and its competitors. This is 13% below median its historical median of 98.24. Over the past decade, Source Capital's Net Margin % has ranged from 91.79 to 104.05. According to the industry distribution chart, Source Capital ranks #711 out of 1568 companies in the Asset Management industry, placing it in the top 45.3%.
Is Source Capital's Net Margin % too high?
Source Capital's current Net Margin % of 85.63% is 13% below median its 10-year median of 98.24. Over the past 10 years, this metric has ranged from a low of 91.79 to a high of 104.05. The Asset Management industry median Net Margin % is 85.25. Source Capital's value of 85.63% is 0.5% above this industry median. Based on the distribution chart, Source Capital ranks #711 out of 1568 companies in the Asset Management industry, which is above the industry midpoint. Overall, Source Capital has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Source Capital's Net Margin % compare to NAN and EAD?
According to the Asset Management industry distribution chart, Source Capital ranks #711 out of 1568 companies for Net Margin %. This puts Source Capital in the upper half of its industry. The industry median Net Margin % is 85.25. Source Capital's value of 85.63% is 0.5% above this benchmark. Historically, Source Capital's own Net Margin % has ranged from 91.79 to 104.05 over the past decade. While the company's 10-year median is 98.24 vs. the industry median of 85.25, Source Capital 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 85.25, based on 1,568 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. Source Capital's current Net Margin % of 85.63% is 0.5% 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 Source Capital and its competitors. For the Asset Management industry, the median Net Margin % is 85.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Source Capital's current Net Margin % is 85.63%, which is 13% below median its own 10-year median of 98.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Source Capital stock overvalued right now?
Based on GuruFocus' analysis, Source Capital (SOR) is currently considered Modestly Undervalued. The stock's GF Value™ is $62.87, compared to a current price of $46.79 — trading 25.6% below its estimated fair value. The current Net Margin % is 85.63%, which is 13% below median its 10-year median of 98.24 and 0.5% above the Asset Management industry median of 85.25. Source Capital's overall GF Score™ is 57/100 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 Source Capital (SOR), the current Net Margin % is 85.63% 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 Source Capital (SOR) Overvalued in 2026?
Based on GuruFocus' analysis, Source Capital stock appears to be undervalued.
The current stock price of $46.79 is trading 25.6% below its estimated GF Value™ of $62.87.
GuruFocus considers Source Capital to be Modestly Undervalued.
Key valuation signals for SOR:
Net Margin %: 85.63% (13% below median its 10-year median of 98.24)
GF Value™: $62.87 vs. price of $46.79 (25.6% below fair value)
Industry Position: 0.5% above the Asset Management median (#711 of 1568)
No single metric tells the full story. See the SOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Source Capital Inc is a diversified, closed-end management investment company. The investment objective of the company is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with the protection of invested capital.
57GF Score
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