Change FinancialASX:CCA +2.56% Pretax Margin % is 7.04% as of Dec. 2025. The stock has 2 warning signs investors should review. Among 2,825 Software companies, Change Financial ranks better than 62.05% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Change Financial Pretax Margin % Related Terms
Change Financial Pretax Margin % Historical Data
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The historical data trend for Change Financial's Pretax 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.
ASX:CCA vs IBM, ACN, FISV: Pretax Margin % Comparison
For the Information Technology Services subindustry, Change Financial's Pretax Margin %, along with its competitors' market caps and Pretax 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.
Change Financial Pretax Margin % vs Software Industry
For the Software industry and Technology sector, Change Financial's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Change Financial's Pretax Margin % falls into.
* 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.
Change Financial (ASX:CCA) has a Pretax Margin % of 7.04% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Change Financial and its competitors. According to the industry distribution chart, Change Financial ranks #1072 out of 2825 companies in the Software industry, placing it in the top 37.9%.
Is Change Financial's Pretax Margin % too high?
Change Financial's current Pretax Margin % is 7.04%. The Software industry median Pretax Margin % is 3.53. Change Financial's value of 7.04% is 99.4% above this industry median. Based on the distribution chart, Change Financial ranks #1072 out of 2825 companies in the Software industry, which is above the industry midpoint.
How does Change Financial's Pretax Margin % compare to IBM and ACN?
According to the Software industry distribution chart, Change Financial ranks #1072 out of 2825 companies for Pretax Margin %. This puts Change Financial in the upper half of its industry. The industry median Pretax Margin % is 3.53. Change Financial's value of 7.04% is 99.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Software company?
The median Pretax Margin % among Software companies is 3.53, based on 2,825 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Change Financial's current Pretax Margin % of 7.04% is 99.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Change Financial and its competitors. For the Software industry, the median Pretax Margin % is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Change Financial's current Pretax Margin % is 7.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Change Financial stock overvalued right now?
Based on GuruFocus' analysis, Change Financial (ASX:CCA) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.09, compared to a current price of A$0.08 — trading 11.1% below its estimated fair value. The current Pretax Margin % is 7.04% and 99.4% above the Software industry median of 3.53. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Change Financial (ASX:CCA), the current Pretax Margin % is 7.04% 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.
Change Financial Ltd is a fintech company. It develops payment processors and provides mobile banking services through its mobile application. The company operates in a single segment, that is the development and provision of card payment software and services. The company serves business and financial institutions.
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