Fortescue (ASX:FMG) Net Margin % : 35.08% (As of Dec. 2023)

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What is Fortescue Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Fortescue's Net Income for the six months ended in Dec. 2023 was A$4,985 Mil. Fortescue's Revenue for the six months ended in Dec. 2023 was A$14,211 Mil. Therefore, Fortescue's net margin for the quarter that ended in Dec. 2023 was 35.08%.

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

ASX:FMG' s Net Margin % Range Over the Past 10 Years
Min: 3.78 Med: 26.69 Max: 46.31
Current: 31.25

ASX:FMG's Net Margin % is ranked better than
93.62% of 862 companies
in the Metals & Mining industry
Industry Median: 0.325 vs ASX:FMG: 31.25

Fortescue Net Margin % Historical Data

The historical data trend for Fortescue'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.

* Premium members only.

Fortescue Net Margin % Chart

Fortescue Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Net Margin %

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31.99

37.06

46.31

35.80

28.59

Fortescue Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Margin %	Get a 7-Day Free Trial															34.18	37.23	30.22	27.17	35.08

Competitive Comparison of Fortescue's Net Margin %

For the Other Industrial Metals & Mining subindustry, Fortescue'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.

Fortescue's Net Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fortescue's Net Margin % distribution charts can be found below:

* The bar in red indicates where Fortescue's Net Margin % falls into.

Fortescue 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.

Fortescue's Net Margin for the fiscal year that ended in Jun. 2023 is calculated as

Net Margin	=	Net Income (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	7149.02	/	25002.2
	=	28.59 %

Fortescue's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	4985.478	/	14210.928
	=	35.08 %

Fortescue (ASX:FMG) 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.

Fortescue Net Margin % Related Terms

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Fortescue (ASX:FMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortescue Ltd (ASX:FMG) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

FSUMF:USA FSUGY:USA FVJ:Germany

Address

87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004

Website

https://www.fortescue.com

Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.

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