Tri-Continental (Tri-Continental) Net Margin % : 99.61% (As of Dec. 2023)

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What is Tri-Continental Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Tri-Continental's Net Income for the six months ended in Dec. 2023 was $110.9 Mil. Tri-Continental's Revenue for the six months ended in Dec. 2023 was $111.3 Mil. Therefore, Tri-Continental's net margin for the quarter that ended in Dec. 2023 was 99.61%.

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

TY' s Net Margin % Range Over the Past 10 Years
Min: 99.34 Med: 99.67 Max: 101.64
Current: 99.67

TY's Net Margin % is ranked better than
80.07% of 1671 companies
in the Asset Management industry
Industry Median: 86.04 vs TY: 99.67

Tri-Continental Net Margin % Historical Data

The historical data trend for Tri-Continental'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.

Tri-Continental Net Margin % Chart

Tri-Continental Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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99.66

99.48

99.78

100.28

99.67

Tri-Continental Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Margin %	Get a 7-Day Free Trial									99.71	100.13	98.44	99.72	99.61

Competitive Comparison of Tri-Continental's Net Margin %

For the Asset Management subindustry, Tri-Continental'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.

Tri-Continental's Net Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tri-Continental's Net Margin % distribution charts can be found below:

* The bar in red indicates where Tri-Continental's Net Margin % falls into.

Tri-Continental 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.

Tri-Continental's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	253.081	/	253.908
	=	99.67 %

Tri-Continental'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 )
	=	110.894	/	111.324
	=	99.61 %

Tri-Continental (NYSE:TY) 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.

Tri-Continental Net Margin % Related Terms

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Tri-Continental (Tri-Continental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tri-Continental Corp (NYSE:TY) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

TYp.PFD:USA

Address

290 Congress Street, Boston, MA, USA, 02110

Website

https://www.columbiathreadneedleus.com

Tri-Continental Corp is a United States-based closed-end management investment company. It invests to produce future growth of both capital and income while providing reasonable current income. The fund is divided into two equal segments namely, the equity segment uses quantitative models to select individual stocks whereas the Flexible capital income segment invests across a company's investable capital structure, including stocks, bonds, and convertible securities. The Fund invests in a range of sectors, which include consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, industrials, materials, real estate, telecommunication services, utilities, aerospace and defense, banking, chemicals, and others.

Executives

Janet Carrig	director	ONE SOUTH WACKER DRIVE SUITE 3200, CHICAGO IL 60606
Raghavendran Sivaraman	other: Portfolio Manager of Issuer	225 FRANKLIN STREET, BOSTON MA 02110
Douglas A Hacker	director	P O BOX 66100-WHQLD, CHICAGO IL 60666
Oleg Nusinzon	other: Portfolio Manager of Issuer	225 FRANKLIN ST, BOSTON MA 02110
Gene R Tannuzzo	other: Man Dir/GL HD of FI Issuer IA	225 FRANKLIN ST., BOSTON MA 02110
Christopher O. Petersen	officer: Vice President and Secretary	5228 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
Grace Lee	other: Portfolio Manager of Issuer	225 FRANKLIN STREET, BOSTON MA 02110
Brian M. Engelking	other: Dir., VP & CFO of Issuer's IA	225 FRANKLIN STREET, BOSTON MA 02110
Sandra Yeager	director	225 FRANKLIN ST., BOSTON MA 02110
Jonathan C Cleasby	other: Dir., VP & CFO of Issuer's IA	225 FRANKLIN ST., BOSTON MA 02110
David L King	other: Portfolio Manager of Issuer	C/O PUTNAM LLC, ONE POST OFFICE SQUARE L5, BOSTON MA 02109
Pamela G Carlton	director	901 S. MARQUETTE AVENUE, MINNEAPOLIS MN 55402
Daniel Beckman	officer: Senior Vice President	225 FRANKLIN STREET, BOSTON MA 02110
Brian J Gallagher	director	225 FRANKLIN STREET, BOSTON MA 02110
Anthony M Santomero	director	RENAISSANCE HOUSE, 8-20 EAST BROADWAY, PEMBROKE D0 HM 19