Fortuna MiningTSX:FVI -3.28%94 Net Margin % is 32.41% as of Mar. 2026, which is 243% above its 10-year median of 9.45. GuruFocus rates TSX:FVI with a GF Score™ of 94/100 and a GF Value™ of C$8.98 (Significantly Overvalued). Among 843 Metals & Mining companies, Fortuna Mining ranks better than 86% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Fortuna Mining's Net Income for the
three
months ended in Mar. 2026 was C$152 Mil. Fortuna Mining's Revenue for the
three
months ended in Mar. 2026 was C$470 Mil. Therefore, Fortuna Mining's net margin for the quarter that ended in Mar. 2026 was 32.41%.
The historical rank and industry rank for Fortuna Mining's Net Margin % or its related term are showing as below:
TSX:FVI'
s Net Margin % Range Over the Past 10 Years
Min: -18.8 Med: 9.45 Max: 31.1
Current: 31.1
TSX:FVI's Net Margin % is ranked better than 86% of 843
companies
in the Metals & Mining industry
Industry Median: 3.41
vs TSX:FVI: 31.10
Fortuna Mining (TSX:FVI) 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.
Fortuna Mining Net Margin % Related Terms
Fortuna Mining Net Margin % Historical Data
* Premium members only.
The historical data trend for Fortuna Mining'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 Gold subindustry, Fortuna Mining'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.
Fortuna Mining Net Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortuna Mining's Net Margin % distribution charts can be found below:
* The bar in red indicates where Fortuna Mining'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.
Fortuna Mining (TSX:FVI) has a Net Margin % of 32.41% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Fortuna Mining and its competitors. This is 243% above median its historical median of 9.45. According to the industry distribution chart, Fortuna Mining ranks #118 out of 843 companies in the Metals & Mining industry, placing it in the top 14%.
Is Fortuna Mining's Net Margin % too high?
Fortuna Mining's current Net Margin % of 32.41% is 243% above median its 10-year median of 9.45. The Metals & Mining industry median Net Margin % is 3.41. Fortuna Mining's value of 32.41% is 850.4% above this industry median. Based on the distribution chart, Fortuna Mining ranks #118 out of 843 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Fortuna Mining has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortuna Mining's Net Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Fortuna Mining ranks #118 out of 843 companies for Net Margin %. This places Fortuna Mining in the top 14% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.41. Fortuna Mining's value of 32.41% is 850.4% above this benchmark. While the company's 10-year median is 9.45 vs. the industry median of 3.41, Fortuna Mining 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. Fortuna Mining's current Net Margin % of 32.41% is 850.4% 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 Fortuna Mining 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. Fortuna Mining's current Net Margin % is 32.41%, which is 243% above median its own 10-year median of 9.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortuna Mining stock overvalued right now?
Based on GuruFocus' analysis, Fortuna Mining (TSX:FVI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$8.98, compared to a current price of C$11.81 — trading 31.5% above its estimated fair value. The current Net Margin % is 32.41%, which is 243% above median its 10-year median of 9.45 and 850.4% above the Metals & Mining industry median of 3.41. Fortuna Mining's overall GF Score™ is 94/100. 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 Fortuna Mining (TSX:FVI), the current Net Margin % is 32.41% as of Mar. 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 Fortuna Mining (TSX:FVI) Overvalued in 2026?
Based on GuruFocus' analysis, Fortuna Mining stock appears to be overvalued.
The current stock price of C$11.81 is trading 31.5% above its estimated GF Value™ of C$8.98.
GuruFocus considers Fortuna Mining to be Significantly Overvalued.
Key valuation signals for TSX:FVI:
Net Margin %: 32.41% (243% above median its 10-year median of 9.45)
GF Value™: C$8.98 vs. price of C$11.81 (31.5% above fair value)
Industry Position: 850.4% above the Metals & Mining median (#118 of 843)
No single metric tells the full story. See the TSX:FVI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location.
94GF Score
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