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.
Summit Midstream Pretax Margin % Related Terms
Summit Midstream Pretax Margin % Historical Data
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The historical data trend for Summit Midstream'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.
FRA:D27 vs KNOP, IMPP, NFE: Pretax Margin % Comparison
For the Oil & Gas Midstream subindustry, Summit Midstream'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.
Summit Midstream Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Summit Midstream's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Summit Midstream'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.
Summit Midstream (FRA:D27) has a Pretax Margin % of -3.00% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Summit Midstream and its competitors. According to the industry distribution chart, Summit Midstream ranks #656 out of 921 companies in the Oil & Gas industry, placing it in the top 71.2%.
Is Summit Midstream's Pretax Margin % too high?
Summit Midstream's current Pretax Margin % is -3.00%. Based on the distribution chart, Summit Midstream ranks #656 out of 921 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Summit Midstream has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Summit Midstream's Pretax Margin % compare to KNOP and IMPP?
According to the Oil & Gas industry distribution chart, Summit Midstream ranks #656 out of 921 companies for Pretax Margin %. This places Summit Midstream in the lower half of its industry. The industry median Pretax Margin % is 5.18. 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 Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.18, based on 921 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. 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 Summit Midstream and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Summit Midstream's current Pretax Margin % is -3.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Summit Midstream stock overvalued right now?
Summit Midstream (FRA:D27) has a current Pretax Margin % of -3.00%. The stock's GF Value™ is €25.03, compared to a current price of €25.15 — trading 0.5% above its estimated fair value. The current Pretax Margin % is -3.00%. Summit Midstream's overall GF Score™ is 64/100 with 9 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 Summit Midstream (FRA:D27), the current Pretax Margin % is -3.00% 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 Summit Midstream (FRA:D27) Overvalued in 2026?
Based on GuruFocus' analysis, Summit Midstream stock appears to be overvalued.
The current stock price of €25.15 is trading 0.5% above its estimated GF Value™ of €25.03.
Key valuation signals for FRA:D27:
Pretax Margin %: -3.00%
GF Value™: €25.03 vs. price of €25.15 (0.5% above fair value)
No single metric tells the full story. See the FRA:D27 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Summit Midstream Corp is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets strategically located in unconventional resource basins, shale formations, in the continental U.S. It currently operates natural gas, crude oil and produced water gathering systems in various unconventional resource basins including the Williston Basin, DJ Basin, Barnett Shale, Piceance Basin, Permian Basin, and the Arkoma Basin. The company's reportable segments are: Rockies, Permian, Mid-Con, Piceance, and Northeast. Maximum revenue is generated from the Mid-Con segment. Summit generates revenue mainly from natural gas, NGLs, and condensate sales, and the provision of gathering and related services.
64GF Score
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