Annaly Capital ManagementFRA:AAYA -0.71%24 Pretax Margin % is 86.99% as of Mar. 2026, which is 5% below its 10-year median of 91.29. GuruFocus rates FRA:AAYA with a GF Score™ of 24/100. The stock has 8 warning signs investors should review. Among 927 REITs companies, Annaly Capital Management ranks better than 77.56% on this metric.
The historical rank and industry rank for Annaly Capital Management's Pretax Margin % or its related term are showing as below:
FRA:AAYA'
s Pretax Margin % Range Over the Past 10 Years
Min: 18.81 Med: 91.29 Max: 167.43
Current: 91.85
FRA:AAYA's Pretax Margin % is ranked better than 77.56% of 927
companies
in the REITs industry
Industry Median: 46.7
vs FRA:AAYA: 91.85
Annaly Capital Management (FRA:AAYA) 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.
Annaly Capital Management Pretax Margin % Related Terms
Annaly Capital Management 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.
FRA:AAYA vs AGNC, STWD, RITM: Pretax Margin % Comparison
For the REIT - Mortgage subindustry, Annaly Capital Management'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.
Annaly Capital Management Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Annaly Capital Management's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Annaly Capital Management'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.
Annaly Capital Management (FRA:AAYA) has a Pretax Margin % of 86.99% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Annaly Capital Management and its competitors. This is near median its historical median of 91.29. Over the past decade, Annaly Capital Management's Pretax Margin % has ranged from 18.81 to 167.43. According to the industry distribution chart, Annaly Capital Management ranks #208 out of 927 companies in the REITs industry, placing it in the top 22.4%.
Is Annaly Capital Management's Pretax Margin % too high?
Annaly Capital Management's current Pretax Margin % of 86.99% is near median its 10-year median of 91.29. Over the past 10 years, this metric has ranged from a low of 18.81 to a high of 167.43. The REITs industry median Pretax Margin % is 46.70. Annaly Capital Management's value of 86.99% is 86.3% above this industry median. Based on the distribution chart, Annaly Capital Management ranks #208 out of 927 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Annaly Capital Management has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Annaly Capital Management's Pretax Margin % compare to AGNC and STWD?
According to the REITs industry distribution chart, Annaly Capital Management ranks #208 out of 927 companies for Pretax Margin %. This places Annaly Capital Management in the top 22% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 46.70. Annaly Capital Management's value of 86.99% is 86.3% above this benchmark. Historically, Annaly Capital Management's own Pretax Margin % has ranged from 18.81 to 167.43 over the past decade. While the company's 10-year median is 91.29 vs. the industry median of 46.70, Annaly Capital Management 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 REITs company?
The median Pretax Margin % among REITs companies is 46.70, based on 927 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. Annaly Capital Management's current Pretax Margin % of 86.99% is 86.3% 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 Annaly Capital Management and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Annaly Capital Management's current Pretax Margin % is 86.99%, which is near median its own 10-year median of 91.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Annaly Capital Management stock overvalued right now?
Annaly Capital Management (FRA:AAYA) has a current Pretax Margin % of 86.99%. The current Pretax Margin % is 86.99%, which is near median its 10-year median of 91.29 and 86.3% above the REITs industry median of 46.70. Annaly Capital Management's overall GF Score™ is 24/100 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 Annaly Capital Management (FRA:AAYA), the current Pretax Margin % is 86.99% 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.
Annaly Capital Management Inc is an American mortgage real estate investment trust. Its business objective is to generate net income for distribution to its stockholders and optimize its returns through prudent management of its diversified investment strategies. The company's reportable operating segments are: the Agency segment, which invests in Agency mortgage-backed securities collateralized by residential mortgages; the Residential Credit segment, which invests in non-Agency residential whole loans and securitized products within the residential and commercial markets; the Mortgage Servicing Rights segment; and Corporate & Other. Maximum revenue for the company is generated from its Agency segment.
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