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CI Financial (FRA:CF7) Pretax Margin % : 27.54% (As of Jun. 2024)


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What is CI Financial Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. CI Financial's Pre-Tax Income for the three months ended in Jun. 2024 was €157 Mil. CI Financial's Revenue for the three months ended in Jun. 2024 was €569 Mil. Therefore, CI Financial's pretax margin for the quarter that ended in Jun. 2024 was 27.54%.

The historical rank and industry rank for CI Financial's Pretax Margin % or its related term are showing as below:

FRA:CF7' s Pretax Margin % Range Over the Past 10 Years
Min: 2.84   Med: 34.83   Max: 38.27
Current: 2.84


FRA:CF7's Pretax Margin % is ranked worse than
82.97% of 1674 companies
in the Asset Management industry
Industry Median: 90.965 vs FRA:CF7: 2.84

CI Financial Pretax Margin % Historical Data

The historical data trend for CI 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.

* Premium members only.

CI Financial Pretax Margin % Chart

CI Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.24 31.31 21.49 16.30 4.85

CI Financial Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.65 2.60 -4.95 -15.16 27.54

Competitive Comparison of CI Financial's Pretax Margin %

For the Asset Management subindustry, CI 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.


CI Financial's Pretax Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CI Financial's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where CI Financial's Pretax Margin % falls into.



CI Financial Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

CI Financial's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=102.323/2107.808
=4.85 %

CI Financial's Pretax Margin for the quarter that ended in Jun. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=156.754/569.258
=27.54 %

* 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.


CI Financial  (FRA:CF7) 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.


CI Financial Pretax Margin % Related Terms

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CI Financial Business Description

Traded in Other Exchanges
Address
15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3
CI Financial is a provider of asset and wealth management products and services. The company has a decent share in the Canadian fund market (fifth overall behind Royal Bank of Canada, Toronto-Dominion, IGM Financial, and Fidelity at the end of last year), and remains the second-largest nonbank-affiliated asset manager in the Canadian market, with CAD 129.5 billion in assets under management (including CAD 34.0 billion in AUM managed for its CI Assante Wealth Management, CI Private Counsel, and Aligned Capital Partners subsidiaries) at the end of May 2024. It also had CAD 342.2 billion in assets under advisement (including CAD 230.1 billion from its US wealth management operations and CAD 94.1 billion from its Canadian wealth management partners), and CAD 28.6 billion in custody assets.

CI Financial Headlines

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