Viet First SecuritiesHSTC:VFS -2.80%36 Operating Margin % is 76.39% as of Mar. 2026, which is 6% above its 10-year median of 72.38. GuruFocus rates HSTC:VFS with a GF Score™ of 36/100. The stock has 1 warning sign investors should review. Among 666 Capital Markets companies, Viet First Securities ranks better than 92.19% on this metric.
Viet First Securities (HSTC:VFS) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Viet First Securities Operating Margin % Related Terms
Viet First Securities Operating Margin % Historical Data
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The historical data trend for Viet First Securities's Operating 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.
HSTC:VFS vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, Viet First Securities's Operating Margin %, along with its competitors' market caps and Operating 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.
Viet First Securities Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Viet First Securities's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Viet First Securities's Operating Margin % falls into.
Viet First Securities Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Viet First Securities's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Viet First Securities (HSTC:VFS) has a Operating Margin % of 76.39% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Viet First Securities and its competitors. This is near median its historical median of 72.38. Over the past decade, Viet First Securities' Operating Margin % has ranged from 35.78 to 76.71. According to the industry distribution chart, Viet First Securities ranks #52 out of 666 companies in the Capital Markets industry, placing it in the top 7.8%.
Is Viet First Securities' Operating Margin % too high?
Viet First Securities' current Operating Margin % of 76.39% is near median its 10-year median of 72.38. Over the past 10 years, this metric has ranged from a low of 35.78 to a high of 76.71. The Capital Markets industry median Operating Margin % is 7.27. Viet First Securities' value of 76.39% is 951.5% above this industry median. Based on the distribution chart, Viet First Securities ranks #52 out of 666 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Viet First Securities has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Viet First Securities' Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Viet First Securities ranks #52 out of 666 companies for Operating Margin %. This places Viet First Securities in the top 8% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 7.27. Viet First Securities' value of 76.39% is 951.5% above this benchmark. Historically, Viet First Securities' own Operating Margin % has ranged from 35.78 to 76.71 over the past decade. While the company's 10-year median is 72.38 vs. the industry median of 7.27, Viet First Securities 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 Operating Margin % for a Capital Markets company?
The median Operating Margin % among Capital Markets companies is 7.27, based on 666 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Viet First Securities's current Operating Margin % of 76.39% is 951.5% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Viet First Securities and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viet First Securities's current Operating Margin % is 76.39%, which is near median its own 10-year median of 72.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viet First Securities stock overvalued right now?
Viet First Securities (HSTC:VFS) has a current Operating Margin % of 76.39%. The current Operating Margin % is 76.39%, which is near median its 10-year median of 72.38 and 951.5% above the Capital Markets industry median of 7.27. Viet First Securities' overall GF Score™ is 36/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Viet First Securities (HSTC:VFS), the current Operating Margin % is 76.39% 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.
Viet First Securities Corp. is engaged in providing various financial services such as stock brokerage, securities investment consulting, self-trading in securities, securities depository, and underwriting securities.
36GF Score
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