FortescueFSUGY +1.18%77 Pretax Margin % is 33.27% as of Dec. 2025, which is 23% below its 10-year median of 43.44. GuruFocus rates FSUGY with a GF Score™ of 77/100 and a GF Value™ of $28.79 (Fairly Valued). The stock has 6 warning signs investors should review. Among 843 Metals & Mining companies, Fortescue ranks better than 80.19% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Fortescue's Pre-Tax Income for the
six
months ended in Dec. 2025 was $2,808 Mil. Fortescue's Revenue for the
six
months ended in Dec. 2025 was $8,439 Mil. Therefore, Fortescue's pretax margin for the quarter that ended in Dec. 2025 was 33.27%.
The historical rank and industry rank for Fortescue's Pretax Margin % or its related term are showing as below:
FSUGY'
s Pretax Margin % Range Over the Past 10 Years
Min: 18.38 Med: 43.44 Max: 66.22
Current: 33.98
FSUGY's Pretax Margin % is ranked better than 80.19% of 843
companies
in the Metals & Mining industry
Industry Median: 4.83
vs FSUGY: 33.98
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.
Fortescue Pretax Margin % Related Terms
Fortescue Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Fortescue'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 Other Industrial Metals & Mining subindustry, Fortescue'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.
Fortescue Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortescue's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Fortescue'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.
Fortescue (FSUGY) has a Pretax Margin % of 33.27% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Fortescue and its competitors. This is 23% below median its historical median of 43.44. Over the past decade, Fortescue's Pretax Margin % has ranged from 18.38 to 66.22. According to the industry distribution chart, Fortescue ranks #167 out of 843 companies in the Metals & Mining industry, placing it in the top 19.8%.
Is Fortescue's Pretax Margin % too high?
Fortescue's current Pretax Margin % of 33.27% is 23% below median its 10-year median of 43.44. Over the past 10 years, this metric has ranged from a low of 18.38 to a high of 66.22. The Metals & Mining industry median Pretax Margin % is 4.83. Fortescue's value of 33.27% is 588.8% above this industry median. Based on the distribution chart, Fortescue ranks #167 out of 843 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Fortescue has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fortescue's Pretax Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Fortescue ranks #167 out of 843 companies for Pretax Margin %. This places Fortescue in the top 20% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.83. Fortescue's value of 33.27% is 588.8% above this benchmark. Historically, Fortescue's own Pretax Margin % has ranged from 18.38 to 66.22 over the past decade. While the company's 10-year median is 43.44 vs. the industry median of 4.83, Fortescue 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 Metals & Mining company?
The median Pretax Margin % among Metals & Mining companies is 4.83, based on 843 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. Fortescue's current Pretax Margin % of 33.27% is 588.8% 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 Fortescue and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortescue's current Pretax Margin % is 33.27%, which is 23% below median its own 10-year median of 43.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortescue stock overvalued right now?
Based on GuruFocus' analysis, Fortescue (FSUGY) is currently considered Fairly Valued. The stock's GF Value™ is $28.79, compared to a current price of $26.52 — trading 7.9% below its estimated fair value. The current Pretax Margin % is 33.27%, which is 23% below median its 10-year median of 43.44 and 588.8% above the Metals & Mining industry median of 4.83. Fortescue's overall GF Score™ is 77/100 with 6 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 Fortescue (FSUGY), the current Pretax Margin % is 33.27% as of Dec. 2025. 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 Fortescue (FSUGY) Overvalued in 2026?
Based on GuruFocus' analysis, Fortescue stock appears to be undervalued.
The current stock price of $26.52 is trading 7.9% below its estimated GF Value™ of $28.79.
GuruFocus considers Fortescue to be Fairly Valued.
Key valuation signals for FSUGY:
Pretax Margin %: 33.27% (23% below median its 10-year median of 43.44)
GF Value™: $28.79 vs. price of $26.52 (7.9% below fair value)
Industry Position: 588.8% above the Metals & Mining median (#167 of 843)
No single metric tells the full story. See the FSUGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortescue is an Australia-based iron ore miner. It has grown from obscurity at the start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 195 million metric tons in 2025 means Fortescue supplies around 10% of global seaborne iron ore. Further expansion to about 210 million metric tons is likely once its 22 million metric ton Iron Bridge magnetite mine ramps up, likely in 2028. However, with longer-term demand likely to decline as China's economy matures, its future margins are likely to be below historical averages. More recently, Fortescue diversified into copper and green energy. It has big ambitions here, but its efforts are at an early stage.
77GF Score
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