IGM Financial (IGM Financial) Net Margin %

: 52.79% (As of Dec. 2023)

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Net margin is calculated as Net Income divided by its Revenue. IGM Financial's Net Income for the three months ended in Dec. 2023 was $313 Mil. IGM Financial's Revenue for the three months ended in Dec. 2023 was $592 Mil. Therefore, IGM Financial's net margin for the quarter that ended in Dec. 2023 was 52.79%.

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

IGIFF' s Net Margin % Range Over the Past 10 Years
Min: 19.97 Med: 26.63 Max: 36.06
Current: 36.06

IGIFF's Net Margin % is ranked worse than
67.25% of 1670 companies
in the Asset Management industry
Industry Median: 85.935 vs IGIFF: 36.06

IGM Financial Net Margin % Historical Data

The historical data trend for IGM Financial'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.

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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24.03

24.26

27.29

27.54

36.06

IGM Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial															28.84	48.81	17.29	25.86	52.79

Competitive Comparison

For the Asset Management subindustry, IGM Financial'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.

IGM Financial Net Margin % Distribution

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

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

IGM Financial 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.

IGM Financial'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 )
	=	856.36	/	2375.051
	=	36.06 %

IGM Financial'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 )
	=	312.759	/	592.488
	=	52.79 %

IGM Financial (OTCPK:IGIFF) 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.

IGM Financial Net Margin % Related Terms

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IGM Financial (IGM Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (OTCPK:IGIFF) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

C7G:Germany IGM:Canada

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.

IGM Financial (IGM Financial) Headlines

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