WaFdWAFD +1.32%64 Net Margin % is 33.16% as of Mar. 2026, which is 4% below its 10-year median of 34.52. GuruFocus rates WAFD with a GF Score™ of 64/100 and a GF Value™ of $30.58 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,527 Banks companies, WaFd ranks better than 70.33% on this metric.
Net margin is calculated as Net Income divided by its Revenue. WaFd's Net Income for the
three
months ended in Mar. 2026 was $65.5 Mil. WaFd's Revenue for the
three
months ended in Mar. 2026 was $197.7 Mil. Therefore, WaFd's net margin for the quarter that ended in Mar. 2026 was 33.16%.
The historical rank and industry rank for WaFd's Net Margin % or its related term are showing as below:
WAFD'
s Net Margin % Range Over the Past 10 Years
Min: 27.71 Med: 34.52 Max: 39.5
Current: 33.07
WAFD's Net Margin % is ranked better than 70.33% of 1527
companies
in the Banks industry
Industry Median: 26.95
vs WAFD: 33.07
WaFd (NAS:WAFD) 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.
WaFd Net Margin % Related Terms
WaFd Net Margin % Historical Data
* Premium members only.
The historical data trend for WaFd'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 Banks - Regional subindustry, WaFd'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.
WaFd Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, WaFd's Net Margin % distribution charts can be found below:
* The bar in red indicates where WaFd'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.
WaFd (WAFD) has a Net Margin % of 33.16% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on WaFd and its competitors. This is near median its historical median of 34.52. Over the past decade, WaFd's Net Margin % has ranged from 27.71 to 39.50. According to the industry distribution chart, WaFd ranks #453 out of 1527 companies in the Banks industry, placing it in the top 29.7%.
Is WaFd's Net Margin % too high?
WaFd's current Net Margin % of 33.16% is near median its 10-year median of 34.52. Over the past 10 years, this metric has ranged from a low of 27.71 to a high of 39.50. The Banks industry median Net Margin % is 26.95. WaFd's value of 33.16% is 23% above this industry median. Based on the distribution chart, WaFd ranks #453 out of 1527 companies in the Banks industry, which is above the industry midpoint. Overall, WaFd has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WaFd's Net Margin % compare to TRMK and FBK?
According to the Banks industry distribution chart, WaFd ranks #453 out of 1527 companies for Net Margin %. This puts WaFd in the upper half of its industry. The industry median Net Margin % is 26.95. WaFd's value of 33.16% is 23% above this benchmark. Historically, WaFd's own Net Margin % has ranged from 27.71 to 39.50 over the past decade. While the company's 10-year median is 34.52 vs. the industry median of 26.95, WaFd 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 Banks company?
The median Net Margin % among Banks companies is 26.95, based on 1,527 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. WaFd's current Net Margin % of 33.16% is 23% 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 WaFd and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WaFd's current Net Margin % is 33.16%, which is near median its own 10-year median of 34.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WaFd stock overvalued right now?
Based on GuruFocus' analysis, WaFd (WAFD) is currently considered Modestly Overvalued. The stock's GF Value™ is $30.58, compared to a current price of $37.75 — trading 23.4% above its estimated fair value. The current Net Margin % is 33.16%, which is near median its 10-year median of 34.52 and 23% above the Banks industry median of 26.95. WaFd's overall GF Score™ is 64/100 with 9 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 WaFd (WAFD), the current Net Margin % is 33.16% 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 WaFd (WAFD) Overvalued in 2026?
Based on GuruFocus' analysis, WaFd stock appears to be overvalued.
The current stock price of $37.75 is trading 23.4% above its estimated GF Value™ of $30.58.
GuruFocus considers WaFd to be Modestly Overvalued.
Key valuation signals for WAFD:
Net Margin %: 33.16% (near median its 10-year median of 34.52)
GF Value™: $30.58 vs. price of $37.75 (23.4% above fair value)
Industry Position: 23% above the Banks median (#453 of 1527)
No single metric tells the full story. See the WAFD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WaFd Inc is engaged in providing lending, depository, insurance, and other banking services to consumers, mid-sized to large businesses, and owners and developers of commercial real estate. Through the WaFd Bank, it is involved in accepting deposits from the general public and investing these funds in loans of various types, including first-lien mortgages on single-family dwellings, construction loans, land acquisition and development loans among others. The Bank also invests in certain United States government and agency obligations along with other investments and also performs insurance brokerage activities. Geographically, it operates in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, California and Texas.
64GF Score
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