FTHY'
s Pretax Margin % Range Over the Past 10 Years
Min: 98.18 Med: 98.84 Max: 104.74
Current: 98.18
FTHY's Pretax Margin % is ranked better than 68.65% of 1576
companies
in the Asset Management industry
Industry Median: 89.475
vs FTHY: 98.18
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (NYSE:FTHY) 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.
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Pretax Margin % Related Terms
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND 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.
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Pretax Margin % Chart
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Annual Data
Trend
May21
May22
May23
May24
May25
Pretax Margin %
98.84
101.47
104.74
98.30
98.47
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Semi-Annual Data
* 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.
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Pretax Margin % vs Asset Management Industry
* 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.
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY) has a Pretax Margin % of 98.47% as of Nov. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND and its competitors. This is near median its historical median of 98.84. Over the past decade, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Pretax Margin % has ranged from 98.18 to 104.74. According to the industry distribution chart, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND ranks #494 out of 1576 companies in the Asset Management industry, placing it in the top 31.3%.
Is FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Pretax Margin % too high?
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's current Pretax Margin % of 98.47% is near median its 10-year median of 98.84. Over the past 10 years, this metric has ranged from a low of 98.18 to a high of 104.74. The Asset Management industry median Pretax Margin % is 89.48. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's value of 98.47% is 10.1% above this industry median. Based on the distribution chart, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND ranks #494 out of 1576 companies in the Asset Management industry, which is above the industry midpoint. Overall, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's Pretax Margin % compare to BGB and ETO?
According to the Asset Management industry distribution chart, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND ranks #494 out of 1576 companies for Pretax Margin %. This puts FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND in the upper half of its industry. The industry median Pretax Margin % is 89.48. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's value of 98.47% is 10.1% above this benchmark. Historically, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's own Pretax Margin % has ranged from 98.18 to 104.74 over the past decade. While the company's 10-year median is 98.84 vs. the industry median of 89.48, FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND 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 an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.48, based on 1,576 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. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's current Pretax Margin % of 98.47% is 10.1% 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 FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's current Pretax Margin % is 98.47%, which is near median its own 10-year median of 98.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND stock overvalued right now?
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY) has a current Pretax Margin % of 98.47%. The current Pretax Margin % is 98.47%, which is near median its 10-year median of 98.84 and 10.1% above the Asset Management industry median of 89.48. FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND's overall GF Score™ is 26/100 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 FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND (FTHY), the current Pretax Margin % is 98.47% as of Nov. 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.
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND Business Description
FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND is a diversified, closed-end management investment company. The investment objective of the fund is to provide current income. The fund invests a majority of its managed assets in high-yield debt securities of any maturity that are rated below investment grade at the time of purchase or unrated securities. Its investment portfolio comprises corporate bonds and notes, senior floating-rate loan interests, foreign corporate bonds and notes, money market funds, and other instruments across various industries.
26GF Score
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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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