Leonardo SpAFINMF -5.67%84 Pretax Margin % is 5.40% as of Mar. 2026, which is 1% below its 10-year median of 5.47. GuruFocus rates FINMF with a GF Score™ of 84/100 and a GF Value™ of $34.89 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 347 Aerospace & Defense companies, Leonardo SpA ranks better than 65.42% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Leonardo SpA's Pre-Tax Income for the
three
months ended in Mar. 2026 was $277 Mil. Leonardo SpA's Revenue for the
three
months ended in Mar. 2026 was $5,142 Mil. Therefore, Leonardo SpA's pretax margin for the quarter that ended in Mar. 2026 was 5.40%.
The historical rank and industry rank for Leonardo SpA's Pretax Margin % or its related term are showing as below:
FINMF'
s Pretax Margin % Range Over the Past 10 Years
Min: 1.89 Med: 5.47 Max: 10.13
Current: 10.13
FINMF's Pretax Margin % is ranked better than 65.42% of 347
companies
in the Aerospace & Defense industry
Industry Median: 6.17
vs FINMF: 10.13
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.
Leonardo SpA Pretax Margin % Related Terms
Leonardo SpA Pretax Margin % Historical Data
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The historical data trend for Leonardo SpA'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 Aerospace & Defense subindustry, Leonardo SpA'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.
Leonardo SpA Pretax Margin % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Leonardo SpA'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.
Leonardo SpA (FINMF) has a Pretax Margin % of 5.40% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Leonardo SpA and its competitors. This is near median its historical median of 5.47. Over the past decade, Leonardo SpA's Pretax Margin % has ranged from 1.89 to 10.13. According to the industry distribution chart, Leonardo SpA ranks #120 out of 347 companies in the Aerospace & Defense industry, placing it in the top 34.6%.
Is Leonardo SpA's Pretax Margin % too high?
Leonardo SpA's current Pretax Margin % of 5.40% is near median its 10-year median of 5.47. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 10.13. The Aerospace & Defense industry median Pretax Margin % is 6.17. Leonardo SpA's value of 5.40% is 12.5% below this industry median. Based on the distribution chart, Leonardo SpA ranks #120 out of 347 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Leonardo SpA has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leonardo SpA's Pretax Margin % compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Leonardo SpA ranks #120 out of 347 companies for Pretax Margin %. This puts Leonardo SpA in the upper half of its industry. The industry median Pretax Margin % is 6.17. Leonardo SpA's value of 5.40% is 12.5% below this benchmark. Historically, Leonardo SpA's own Pretax Margin % has ranged from 1.89 to 10.13 over the past decade. While the company's 10-year median is 5.47 vs. the industry median of 6.17, Leonardo SpA has consistently been below 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 Aerospace & Defense company?
The median Pretax Margin % among Aerospace & Defense companies is 6.17, based on 347 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. Leonardo SpA's current Pretax Margin % of 5.40% is 12.5% below 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 Leonardo SpA and its competitors. For the Aerospace & Defense industry, the median Pretax Margin % is 6.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leonardo SpA's current Pretax Margin % is 5.40%, which is near median its own 10-year median of 5.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leonardo SpA stock overvalued right now?
Based on GuruFocus' analysis, Leonardo SpA (FINMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $34.89, compared to a current price of $55.36 — trading 58.7% above its estimated fair value. The current Pretax Margin % is 5.40%, which is near median its 10-year median of 5.47 and 12.5% below the Aerospace & Defense industry median of 6.17. Leonardo SpA's overall GF Score™ is 84/100 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 Leonardo SpA (FINMF), the current Pretax Margin % is 5.40% 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 Leonardo SpA (FINMF) Overvalued in 2026?
Based on GuruFocus' analysis, Leonardo SpA stock appears to be overvalued.
The current stock price of $55.36 is trading 58.7% above its estimated GF Value™ of $34.89.
GuruFocus considers Leonardo SpA to be Significantly Overvalued.
Key valuation signals for FINMF:
Pretax Margin %: 5.40% (near median its 10-year median of 5.47)
GF Value™: $34.89 vs. price of $55.36 (58.7% above fair value)
Industry Position: 12.5% below the Aerospace & Defense median (#120 of 347)
No single metric tells the full story. See the FINMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leonardo is a leading European security firm, with 30.2% of shares owned by the Italian government. Divisions include helicopters, defence electronics & security, aeronautics, cyber & security solutions, and space.The helicopter division serves both military and civil markets. Defence electronics & security accesses the US market through the Leonardo DRS subsidiary. Aeronautics integrates aircraft and aerostructures, participating in major programs like Eurofighter, F-35, and the Global Combat Air Programme, or GCAP. It also supplies large structural components to major commercial aircraft programs. Leonardo is currently evolving from a defense firm into a data-driven global security company.
84GF Score
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