Highland Opportunities andome FundHFRO +0.07%39 Pretax Margin % is 75.05% as of Dec. 2025, which is 19% below its 10-year median of 92.13. GuruFocus rates HFRO with a GF Scoreâ„¢ of 39/100. The stock has 4 warning signs investors should review. Among 1,572 Asset Management companies, Highland Opportunities andome Fund ranks better than 94.34% on this metric.
The historical rank and industry rank for Highland Opportunities andome Fund's Pretax Margin % or its related term are showing as below:
HFRO'
s Pretax Margin % Range Over the Past 10 Years
Min: 80.82 Med: 92.13 Max: 621.74
Current: 262.74
HFRO's Pretax Margin % is ranked better than 94.34% of 1572
companies
in the Asset Management industry
Industry Median: 89.835
vs HFRO: 262.74
Highland Opportunities andome Fund (NYSE:HFRO) 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.
Highland Opportunities andome Fund Pretax Margin % Related Terms
Highland Opportunities andome 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.
Highland Opportunities andome Fund Pretax Margin % Chart
HFRO vs GBAB, ALTI, NCV: Pretax Margin % Comparison
For the Asset Management subindustry, Highland Opportunities andome Fund'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.
Highland Opportunities andome Fund Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Highland Opportunities andome Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Highland Opportunities andome Fund'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.
Highland Opportunities andome Fund (HFRO) has a Pretax Margin % of 75.05% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Highland Opportunities andome Fund and its competitors. This is 19% below median its historical median of 92.13. Over the past decade, Highland Opportunities andome Fund's Pretax Margin % has ranged from 80.82 to 621.74. According to the industry distribution chart, Highland Opportunities andome Fund ranks #89 out of 1572 companies in the Asset Management industry, placing it in the top 5.7%.
Is Highland Opportunities andome Fund's Pretax Margin % too high?
Highland Opportunities andome Fund's current Pretax Margin % of 75.05% is 19% below median its 10-year median of 92.13. Over the past 10 years, this metric has ranged from a low of 80.82 to a high of 621.74. The Asset Management industry median Pretax Margin % is 89.84. Highland Opportunities andome Fund's value of 75.05% is 16.5% below this industry median. Based on the distribution chart, Highland Opportunities andome Fund ranks #89 out of 1572 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Highland Opportunities andome Fund has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Highland Opportunities andome Fund's Pretax Margin % compare to GBAB and ALTI?
According to the Asset Management industry distribution chart, Highland Opportunities andome Fund ranks #89 out of 1572 companies for Pretax Margin %. This places Highland Opportunities andome Fund in the top 6% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 89.84. Highland Opportunities andome Fund's value of 75.05% is 16.5% below this benchmark. Historically, Highland Opportunities andome Fund's own Pretax Margin % has ranged from 80.82 to 621.74 over the past decade. While the company's 10-year median is 92.13 vs. the industry median of 89.84, Highland Opportunities andome Fund has consistently been below 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 89.84, based on 1,572 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. Highland Opportunities andome Fund's current Pretax Margin % of 75.05% is 16.5% below 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 Highland Opportunities andome Fund and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highland Opportunities andome Fund's current Pretax Margin % is 75.05%, which is 19% below median its own 10-year median of 92.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highland Opportunities andome Fund stock overvalued right now?
Highland Opportunities andome Fund (HFRO) has a current Pretax Margin % of 75.05%. The current Pretax Margin % is 75.05%, which is 19% below median its 10-year median of 92.13 and 16.5% below the Asset Management industry median of 89.84. Highland Opportunities andome Fund's overall GF Score™ is 39/100 with 4 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 Highland Opportunities andome Fund (HFRO), the current Pretax Margin % is 75.05% 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.
Highland Opportunities andome Fund Business Description
Highland Opportunities and Income Fund is a non-diversified, closed-end management investment company. Its investment objective is to Income Fund seeks growth of capital along with income. It focuses on making investments in real estate securities, including Reits, secured and unsecured fixed-rate loans and corporate bonds, mezzanine securities, structured products, convertible and preferred securities and equities (public and private), and floating rate securities.
39GF Score
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