SOR (Source Capital) Pre-Tax Income: $63.84 Mil (TTM As of Dec. 2025)

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SOR Source Capital Inc SOR
59 GF Score
Price $46.77
GF Value $62.87
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Source Capital Pre-Tax Income?

Source Capital SOR -0.50% 59 Pre-Tax Income is $63.84 Mil as of Dec. 2025. GuruFocus rates SOR with a GF Score™ of 59/100 and a GF Value™ of $62.87 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Source Capital's pretax income for the six months ended in Dec. 2025 was $33.70 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2025 was $63.84 Mil. Source Capital's pretax margin was 98.27%.

During the past 10 years, Source Capital's highest Pretax Margin was 104.05%. The lowest was 94.56%. And the median was 98.34%.


Source Capital  (NYSE:SOR) Pre-Tax Income Explanation

Source Capital's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pretax Income/Revenue
=33.696/34.29
=98.27%

During the past 10 years, Source Capital's highest Pretax Margin was 104.05%. The lowest was 94.56%. And the median was 98.34%.

* 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.


Source Capital Pre-Tax Income Related Terms


Source Capital Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Source Capital's Pre-Tax Income 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.

Source Capital Pre-Tax Income Chart

Source Capital Annual Data
Trend Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.48 -27.09 53.64 39.16 63.84

Source Capital Semi-Annual Data
Jun15 Dec15 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.52 26.48 12.68 30.15 33.70

SOR vs LEO, AEF, CCAP: Pre-Tax Income Comparison

For the Asset Management subindustry, Source Capital's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.


Source Capital Pre-Tax Income vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Source Capital's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Source Capital's Pre-Tax Income falls into.


SOR
59GF Score
Source Capital Inc SOR
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Source Capital Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Source Capital's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Other
=0+63.843
=63.84

Source Capital's Pretax Income for the quarter that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Other
=0+33.696
=33.70

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $63.84 Mil.

* 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $63.84 Mil mean?
Source Capital (SOR) has a Pre-Tax Income of $63.84 Mil as of Dec. 2025. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Source Capital and its competitors.
Is Source Capital's Pre-Tax Income too high?
Source Capital's current Pre-Tax Income is $63.84 Mil. Overall, Source Capital has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Source Capital's Pre-Tax Income compare to LEO and AEF?
Source Capital's Pre-Tax Income of $63.84 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for an Asset Management company?
A good Pre-Tax Income depends on the Asset Management industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Source Capital and its competitors. Source Capital's current Pre-Tax Income is $63.84 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Source Capital stock overvalued right now?
Based on GuruFocus' analysis, Source Capital (SOR) is currently considered Modestly Undervalued. The stock's GF Value™ is $62.87, compared to a current price of $46.77 — trading 25.6% below its estimated fair value. The current Pre-Tax Income is $63.84 Mil. Source Capital's overall GF Score™ is 59/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Source Capital (SOR), the current Pre-Tax Income is $63.84 Mil as of Dec. 2025. 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 Source Capital (SOR) Overvalued in 2026?

Based on GuruFocus' analysis, Source Capital stock appears to be undervalued. The current stock price of $46.77 is trading 25.6% below its estimated GF Value™ of $62.87. GuruFocus considers Source Capital to be Modestly Undervalued.

Key valuation signals for SOR:

  • Pre-Tax Income: $63.84 Mil
  • GF Value™: $62.87 vs. price of $46.77 (25.6% below fair value)
  • GF Score™: 59/100 with 2 warning signs

No single metric tells the full story. See the SOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Source Capital Business Description

Address 235 West Galena Street, Milwaukee, WI, USA, 53212
Source Capital Inc is a diversified, closed-end management investment company. The investment objective of the company is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with the protection of invested capital.
59GF Score

Get the complete analysis for SOR

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$46.77
Price
$62.87
GF Value