CMC MarketsCCMMF 76 Pretax Margin % is 23.45% as of Mar. 2026, which is 6% below its 10-year median of 25.02. GuruFocus rates CCMMF with a GF Score™ of 76/100 and a GF Value™ of $1.56. The stock has 8 warning signs investors should review. Among 777 Capital Markets companies, CMC Markets ranks better than 54.7% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. CMC Markets's Pre-Tax Income for the
six
months ended in Mar. 2026 was $69.4 Mil. CMC Markets's Revenue for the
six
months ended in Mar. 2026 was $295.9 Mil. Therefore, CMC Markets's pretax margin for the quarter that ended in Mar. 2026 was 23.45%.
The historical rank and industry rank for CMC Markets's Pretax Margin % or its related term are showing as below:
CCMMF'
s Pretax Margin % Range Over the Past 10 Years
Min: 3.81 Med: 25.02 Max: 48.48
Current: 24.21
CCMMF's Pretax Margin % is ranked better than 54.7% of 777
companies
in the Capital Markets industry
Industry Median: 20.36
vs CCMMF: 24.21
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.
CMC Markets Pretax Margin % Related Terms
CMC Markets Pretax Margin % Historical Data
* Premium members only.
The historical data trend for CMC Markets'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.
For the Capital Markets subindustry, CMC Markets'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.
CMC Markets Pretax Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, CMC Markets's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where CMC Markets'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.
CMC Markets (CCMMF) has a Pretax Margin % of 23.45% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on CMC Markets and its competitors. This is near median its historical median of 25.02. Over the past decade, CMC Markets' Pretax Margin % has ranged from 3.81 to 48.48. According to the industry distribution chart, CMC Markets ranks #352 out of 777 companies in the Capital Markets industry, placing it in the top 45.3%.
Is CMC Markets' Pretax Margin % too high?
CMC Markets' current Pretax Margin % of 23.45% is near median its 10-year median of 25.02. Over the past 10 years, this metric has ranged from a low of 3.81 to a high of 48.48. The Capital Markets industry median Pretax Margin % is 20.36. CMC Markets' value of 23.45% is 15.2% above this industry median. Based on the distribution chart, CMC Markets ranks #352 out of 777 companies in the Capital Markets industry, which is above the industry midpoint. Overall, CMC Markets has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does CMC Markets' Pretax Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, CMC Markets ranks #352 out of 777 companies for Pretax Margin %. This puts CMC Markets in the upper half of its industry. The industry median Pretax Margin % is 20.36. CMC Markets' value of 23.45% is 15.2% above this benchmark. Historically, CMC Markets' own Pretax Margin % has ranged from 3.81 to 48.48 over the past decade. While the company's 10-year median is 25.02 vs. the industry median of 20.36, CMC Markets 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 a Capital Markets company?
The median Pretax Margin % among Capital Markets companies is 20.36, based on 777 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. CMC Markets's current Pretax Margin % of 23.45% is 15.2% 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 CMC Markets and its competitors. For the Capital Markets industry, the median Pretax Margin % is 20.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMC Markets's current Pretax Margin % is 23.45%, which is near median its own 10-year median of 25.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMC Markets stock overvalued right now?
CMC Markets (CCMMF) has a current Pretax Margin % of 23.45%. The stock's GF Value™ is $1.56, compared to a current price of $2.50 — trading 60.3% above its estimated fair value. The current Pretax Margin % is 23.45%, which is near median its 10-year median of 25.02 and 15.2% above the Capital Markets industry median of 20.36. CMC Markets' overall GF Score™ is 76/100 with 8 warning signs 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 CMC Markets (CCMMF), the current Pretax Margin % is 23.45% 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 CMC Markets (CCMMF) Overvalued in 2026?
Based on GuruFocus' analysis, CMC Markets stock appears to be overvalued.
The current stock price of $2.50 is trading 60.3% above its estimated GF Value™ of $1.56.
Key valuation signals for CCMMF:
Pretax Margin %: 23.45% (near median its 10-year median of 25.02)
GF Value™: $1.56 vs. price of $2.50 (60.3% above fair value)
Industry Position: 15.2% above the Capital Markets median (#352 of 777)
No single metric tells the full story. See the CCMMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMC Markets PLC is a United Kingdom-based company that provides an online platform for trading and investing, with a comprehensive retail, professional, and institutional offering. The Group's business consists of two segments, Trading and Investing. The majority of its revenue is generated from the Trading segment, whose core business involves online trading, enabling clients to trade a broad array of financial instruments for short-term investment and hedging purposes. Additionally, the trading segment includes the Treasury Management and Capital Markets Division that invests surplus liquidity to enhance yield. The Investing segment supports clients longer-term investment goals. The group offers online stockbroking services in Australia, the UK, the USA, and Singapore.
76GF Score
Get the complete analysis for CCMMF
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
CCMMF has been successfully added to your 
