RecordLSE:REC -4.52%75 Operating Margin % is 24.81% as of Mar. 2026, which is 20% below its 10-year median of 31.04. GuruFocus rates LSE:REC with a GF Score™ of 75/100 and a GF Value™ of £0.57 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 656 Asset Management companies, Record ranks better than 55.34% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Record's Operating Income for the
six
months ended in Mar. 2026 was £5.19 Mil. Record's Revenue for the
six
months ended in Mar. 2026 was £20.90 Mil. Therefore, Record's Operating Margin % for the quarter that ended in Mar. 2026 was 24.81%.
Warning Sign:
Record PLC operating margin has been in a 5-year decline. The average rate of decline per year is -2.4%.
The historical rank and industry rank for Record's Operating Margin % or its related term are showing as below:
LSE:REC'
s Operating Margin % Range Over the Past 10 Years
Min: 23.76 Med: 31.04 Max: 33.74
Current: 23.76
LSE:REC's Operating Margin % is ranked better than 55.34% of 656
companies
in the Asset Management industry
Industry Median: 16.73
vs LSE:REC: 23.76
Record's 5-Year Average Operating Margin % Growth Rate was -2.40% per year.
Record's Operating Income for the
six
months ended in Mar. 2026 was £5.19 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was £9.53 Mil.
Record (LSE:REC) 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.
Record Operating Margin % Related Terms
Record Operating Margin % Historical Data
* Premium members only.
The historical data trend for Record'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.
LSE:REC vs BLK, BX, KKR: Operating Margin % Comparison
For the Asset Management subindustry, Record'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.
Record Operating Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Record's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Record's Operating Margin % falls into.
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.
Record's Operating Margin % for the fiscal year that ended in Mar. 2026 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.
Record (LSE:REC) has a Operating Margin % of 24.81% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Record and its competitors. This is 20% below median its historical median of 31.04. Over the past decade, Record's Operating Margin % has ranged from 23.76 to 33.74. According to the industry distribution chart, Record ranks #293 out of 656 companies in the Asset Management industry, placing it in the top 44.7%.
Is Record's Operating Margin % too high?
Record's current Operating Margin % of 24.81% is 20% below median its 10-year median of 31.04. Over the past 10 years, this metric has ranged from a low of 23.76 to a high of 33.74. The Asset Management industry median Operating Margin % is 16.73. Record's value of 24.81% is 48.3% above this industry median. Based on the distribution chart, Record ranks #293 out of 656 companies in the Asset Management industry, which is above the industry midpoint. Overall, Record has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Record's Operating Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Record ranks #293 out of 656 companies for Operating Margin %. This puts Record in the upper half of its industry. The industry median Operating Margin % is 16.73. Record's value of 24.81% is 48.3% above this benchmark. Historically, Record's own Operating Margin % has ranged from 23.76 to 33.74 over the past decade. While the company's 10-year median is 31.04 vs. the industry median of 16.73, Record 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 an Asset Management company?
The median Operating Margin % among Asset Management companies is 16.73, based on 656 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. Record's current Operating Margin % of 24.81% is 48.3% 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 Record and its competitors. For the Asset Management industry, the median Operating Margin % is 16.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Record's current Operating Margin % is 24.81%, which is 20% below median its own 10-year median of 31.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Record stock overvalued right now?
Based on GuruFocus' analysis, Record (LSE:REC) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.57, compared to a current price of £0.44 — trading 22.1% below its estimated fair value. The current Operating Margin % is 24.81%, which is 20% below median its 10-year median of 31.04 and 48.3% above the Asset Management industry median of 16.73. Record's overall GF Score™ is 75/100 with 4 warning signs 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 Record (LSE:REC), the current Operating Margin % is 24.81% 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 Record (LSE:REC) Overvalued in 2026?
Based on GuruFocus' analysis, Record stock appears to be undervalued.
The current stock price of £0.44 is trading 22.1% below its estimated GF Value™ of £0.57.
GuruFocus considers Record to be Modestly Undervalued.
Key valuation signals for LSE:REC:
Operating Margin %: 24.81% (20% below median its 10-year median of 31.04)
GF Value™: £0.57 vs. price of £0.44 (22.1% below fair value)
Industry Position: 48.3% above the Asset Management median (#293 of 656)
No single metric tells the full story. See the LSE:REC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Record PLC is a United Kingdom-based company currency and asset management firm. The company provides services to clients such as pension funds, charities, foundations, endowments, family offices, and other fund managers and corporate entities. Geographically, it derives a majority of its revenue from the United States and also has a presence in the United Kingdom, Switzerland, Europe (excluding UK and Switzerland), and other countries. Revenue comprises mainly management fees and performance fees. Its reportable segments are Currency Management and Asset Management. The maximum revenue is derived from the currency management segment which comprises bespoke solutions for clients including Passive Hedging, Dynamic Hedging, Hedging for Asset Managers, and FX Alpha products.
75GF Score
Get the complete analysis for LSE:REC
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:REC has been successfully added to your 
