McEwenTSX:MUX +1.74%69 Net Margin % is 45.08% as of Mar. 2026. GuruFocus rates TSX:MUX with a GF Score™ of 69/100 and a GF Value™ of C$15.71 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 843 Metals & Mining companies, McEwen ranks better than 86.36% on this metric.
Net margin is calculated as Net Income divided by its Revenue. McEwen's Net Income for the
three
months ended in Mar. 2026 was C$45.8 Mil. McEwen's Revenue for the
three
months ended in Mar. 2026 was C$101.6 Mil. Therefore, McEwen's net margin for the quarter that ended in Mar. 2026 was 45.08%.
The historical rank and industry rank for McEwen's Net Margin % or its related term are showing as below:
TSX:MUX'
s Net Margin % Range Over the Past 10 Years
Min: -145.36 Med: -30.03 Max: 34.87
Current: 31.4
TSX:MUX's Net Margin % is ranked better than 86.36% of 843
companies
in the Metals & Mining industry
Industry Median: 3.41
vs TSX:MUX: 31.40
McEwen (TSX:MUX) 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.
McEwen Net Margin % Related Terms
McEwen Net Margin % Historical Data
* Premium members only.
The historical data trend for McEwen'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.
TSX:MUX vs LODE, GORO, THMG: Net Margin % Comparison
For the Other Precious Metals & Mining subindustry, McEwen'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.
McEwen Net Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, McEwen's Net Margin % distribution charts can be found below:
* The bar in red indicates where McEwen'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.
McEwen (TSX:MUX) has a Net Margin % of 45.08% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on McEwen and its competitors. According to the industry distribution chart, McEwen ranks #115 out of 843 companies in the Metals & Mining industry, placing it in the top 13.6%.
Is McEwen's Net Margin % too high?
McEwen's current Net Margin % is 45.08%. The Metals & Mining industry median Net Margin % is 3.41. McEwen's value of 45.08% is 1222% above this industry median. Based on the distribution chart, McEwen ranks #115 out of 843 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, McEwen has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does McEwen's Net Margin % compare to LODE and GORO?
According to the Metals & Mining industry distribution chart, McEwen ranks #115 out of 843 companies for Net Margin %. This places McEwen in the top 14% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.41. McEwen's value of 45.08% is 1222% above this benchmark. 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. McEwen's current Net Margin % of 45.08% is 1222% 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 McEwen 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. McEwen's current Net Margin % is 45.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McEwen stock overvalued right now?
Based on GuruFocus' analysis, McEwen (TSX:MUX) is currently considered Significantly Overvalued. The stock's GF Value™ is C$15.71, compared to a current price of C$24.62 — trading 56.7% above its estimated fair value. The current Net Margin % is 45.08% and 1222% above the Metals & Mining industry median of 3.41. McEwen's overall GF Score™ is 69/100 with 3 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 McEwen (TSX:MUX), the current Net Margin % is 45.08% 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 McEwen (TSX:MUX) Overvalued in 2026?
Based on GuruFocus' analysis, McEwen stock appears to be overvalued.
The current stock price of C$24.62 is trading 56.7% above its estimated GF Value™ of C$15.71.
GuruFocus considers McEwen to be Significantly Overvalued.
Key valuation signals for TSX:MUX:
Net Margin %: 45.08%
GF Value™: C$15.71 vs. price of C$24.62 (56.7% above fair value)
Industry Position: 1222% above the Metals & Mining median (#115 of 843)
No single metric tells the full story. See the TSX:MUX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
McEwen Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that manages the San Jose mine in Argentina. Its Other operations include: Fox Complex, Gold Bar Complex, Project Fenix, and Los Azules. The company generates its revenue from gold and silver production. Its operating segments include Canada, United States, Mexico, MSC and McEwen Copper, of which it derives maximum revenue from USA.
69GF Score
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