VFL (Delaware Investments Natl Muniome) Net Margin %: 24.83% (As of Mar. 2026) — 73% Below Median


VFL Delaware Investments Natl Muni Income VFL
32 GF Score
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! 4 Warning Signs
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What is Delaware Investments Natl Muniome Net Margin %?

Delaware Investments Natl Muniome VFL +0.10% 32 Net Margin % is 24.83% as of Mar. 2026, which is 73% below its 10-year median of 91.46. GuruFocus rates VFL with a GF Score™ of 32/100. The stock has 4 warning signs investors should review. Among 1,579 Asset Management companies, Delaware Investments Natl Muniome ranks worse than 65.17% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Delaware Investments Natl Muniome's Net Income for the six months ended in Mar. 2026 was $0.66 Mil. Delaware Investments Natl Muniome's Revenue for the six months ended in Mar. 2026 was $2.67 Mil. Therefore, Delaware Investments Natl Muniome's net margin for the quarter that ended in Mar. 2026 was 24.83%.

The historical rank and industry rank for Delaware Investments Natl Muniome's Net Margin % or its related term are showing as below:

VFL' s Net Margin % Range Over the Past 10 Years
Min: -124.77   Med: 91.46   Max: 746.43
Current: 41.37


VFL's Net Margin % is ranked worse than
65.17% of 1579 companies
in the Asset Management industry
Industry Median: 84.88 vs VFL: 41.37

Delaware Investments Natl Muniome  (AMEX:VFL) 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.


Delaware Investments Natl Muniome Net Margin % Related Terms


Delaware Investments Natl Muniome Net Margin % Historical Data

* Premium members only.

The historical data trend for Delaware Investments Natl Muniome'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.

Delaware Investments Natl Muniome Net Margin % Chart

Delaware Investments Natl Muniome Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Sep24 Sep25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 96.41 103.37 123.75 85.84 746.43

Delaware Investments Natl Muniome Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only 90.57 72.69 145.23 51.42 24.83

VFL vs DMO, OXSQ, WEA: Net Margin % Comparison

For the Asset Management subindustry, Delaware Investments Natl Muniome'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.


Delaware Investments Natl Muniome Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Delaware Investments Natl Muniome's Net Margin % distribution charts can be found below:

* The bar in red indicates where Delaware Investments Natl Muniome's Net Margin % falls into.


VFL
32GF Score
Delaware Investments Natl Muni Income VFL
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Delaware Investments Natl Muniome 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.

Delaware Investments Natl Muniome's Net Margin for the fiscal year that ended in Sep. 2025 is calculated as

Net Margin=Net Income (A: Sep. 2025 )/Revenue (A: Sep. 2025 )
=-5.128/-0.687
=746.43 %

Delaware Investments Natl Muniome's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=0.664/2.674
=24.83 %

* 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 24.83% mean?
Delaware Investments Natl Muniome (VFL) has a Net Margin % of 24.83% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Delaware Investments Natl Muniome and its competitors. This is 73% below median its historical median of 91.46. According to the industry distribution chart, Delaware Investments Natl Muniome ranks #1029 out of 1579 companies in the Asset Management industry, placing it in the top 65.2%.
Is Delaware Investments Natl Muniome's Net Margin % too high?
Delaware Investments Natl Muniome's current Net Margin % of 24.83% is 73% below median its 10-year median of 91.46. The Asset Management industry median Net Margin % is 84.88. Delaware Investments Natl Muniome's value of 24.83% is 70.7% below this industry median. Based on the distribution chart, Delaware Investments Natl Muniome ranks #1029 out of 1579 companies in the Asset Management industry, which is below the industry midpoint. Overall, Delaware Investments Natl Muniome has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Delaware Investments Natl Muniome's Net Margin % compare to DMO and OXSQ?
According to the Asset Management industry distribution chart, Delaware Investments Natl Muniome ranks #1029 out of 1579 companies for Net Margin %. This places Delaware Investments Natl Muniome in the lower half of its industry. The industry median Net Margin % is 84.88. Delaware Investments Natl Muniome's value of 24.83% is 70.7% below this benchmark. While the company's 10-year median is 91.46 vs. the industry median of 84.88, Delaware Investments Natl Muniome has consistently been below 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 84.88, based on 1,579 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. Delaware Investments Natl Muniome's current Net Margin % of 24.83% is 70.7% below 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 Delaware Investments Natl Muniome and its competitors. For the Asset Management industry, the median Net Margin % is 84.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delaware Investments Natl Muniome's current Net Margin % is 24.83%, which is 73% below median its own 10-year median of 91.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delaware Investments Natl Muniome stock overvalued right now?
Delaware Investments Natl Muniome (VFL) has a current Net Margin % of 24.83%. The current Net Margin % is 24.83%, which is 73% below median its 10-year median of 91.46 and 70.7% below the Asset Management industry median of 84.88. Delaware Investments Natl Muniome's overall GF Score™ is 32/100 with 4 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 Delaware Investments Natl Muniome (VFL), the current Net Margin % is 24.83% 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.

Delaware Investments Natl Muniome Business Description

Address 1900 Market Street, Suite 200, Philadelphia, PA, USA, 19103
Delaware Investments Natl Muni Income is a closed-end investment fund. The Fund's investment objective is to seek to provide current income exempt from regular federal income tax, consistent with the preservation of capital. The company's product portfolio includes Mutual funds, Exchange-traded funds, Private markets, and Closed-end funds.
32GF Score

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