BTA'
s Pretax Margin % Range Over the Past 10 Years
Min: 97.5 Med: 100.32 Max: 112.94
Current: 112.94
BTA's Pretax Margin % is not ranked
in the Asset Management industry.
Industry Median: 89.62
vs BTA: 112.94
Blackrock Long-term Municipal AdtgTrust (NYSE:BTA) Pretax Margin % Explanation
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.
Blackrock Long-term Municipal AdtgTrust Pretax Margin % Related Terms
Blackrock Long-term Municipal AdtgTrust Pretax Margin % Historical Data
* 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.
Blackrock Long-term Municipal AdtgTrust Pretax Margin % Chart
Blackrock Long-term Municipal AdtgTrust Annual Data
For the Asset Management subindustry, Blackrock Long-term Municipal AdtgTrust'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.
Blackrock Long-term Municipal AdtgTrust Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Blackrock Long-term Municipal AdtgTrust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Blackrock Long-term Municipal AdtgTrust'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.
Blackrock Long-term Municipal AdtgTrust (BTA) has a Pretax Margin % of 108.72% as of Jul. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Blackrock Long-term Municipal AdtgTrust and its competitors. This is near median its historical median of 100.32. Over the past decade, Blackrock Long-term Municipal AdtgTrust's Pretax Margin % has ranged from 97.50 to 112.94.
Is Blackrock Long-term Municipal AdtgTrust's Pretax Margin % too high?
Blackrock Long-term Municipal AdtgTrust's current Pretax Margin % of 108.72% is near median its 10-year median of 100.32. Over the past 10 years, this metric has ranged from a low of 97.50 to a high of 112.94. The Asset Management industry median Pretax Margin % is 89.62. Blackrock Long-term Municipal AdtgTrust's value of 108.72% is 21.3% above this industry median. Overall, Blackrock Long-term Municipal AdtgTrust has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Blackrock Long-term Municipal AdtgTrust's Pretax Margin % compare to CIK and BGX?
Blackrock Long-term Municipal AdtgTrust's Pretax Margin % of 108.72% can be compared against companies in the Asset Management industry. The industry median Pretax Margin % is 89.62. Blackrock Long-term Municipal AdtgTrust's value of 108.72% is 21.3% above this benchmark. Historically, Blackrock Long-term Municipal AdtgTrust's own Pretax Margin % has ranged from 97.50 to 112.94 over the past decade. While the company's 10-year median is 100.32 vs. the industry median of 89.62, Blackrock Long-term Municipal AdtgTrust 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 Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.62, based on 1,572 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. Blackrock Long-term Municipal AdtgTrust's current Pretax Margin % of 108.72% is 21.3% 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 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 Blackrock Long-term Municipal AdtgTrust and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackrock Long-term Municipal AdtgTrust's current Pretax Margin % is 108.72%, which is near median its own 10-year median of 100.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackrock Long-term Municipal AdtgTrust stock overvalued right now?
Blackrock Long-term Municipal AdtgTrust (BTA) has a current Pretax Margin % of 108.72%. The current Pretax Margin % is 108.72%, which is near median its 10-year median of 100.32 and 21.3% above the Asset Management industry median of 89.62. Blackrock Long-term Municipal AdtgTrust's overall GF Score™ is 18/100 with 1 warning sign to review. 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 Blackrock Long-term Municipal AdtgTrust (BTA), the current Pretax Margin % is 108.72% as of Jul. 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.
Blackrock Long-term Municipal AdtgTrust Business Description
Blackrock Long-term Municipal AdtgTrust is a diversified closed-end investment trust. Its investment objective is to provide current income exempt from regular U.S. federal income tax. The fund, under normal market conditions, invests a majority of its managed assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are expected to pay interest or income that is exempt from U.S. federal income tax. Its investment portfolio comprises dollar-weighted, long-term municipal bonds with a maturity of more than ten years at the time of investment. The fund's investments have exposure to various sectors such as Corporate, Health, County/City/Special District/School District, Transportation, Education, Utilities, State, Tobacco, etc.
18GF Score
Get the complete analysis for BTA
Pretax 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
BTA has been successfully added to your 
