IRIDEXIRIX +1.28%66 Pretax Margin % is -3.95% as of Mar. 2026. GuruFocus rates IRIX with a GF Score™ of 66/100 and a GF Value™ of $1.70 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 817 Medical Devices & Instruments companies, IRIDEX ranks worse than 59.98% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. IRIDEX's Pre-Tax Income for the
three
months ended in Mar. 2026 was $-0.47 Mil. IRIDEX's Revenue for the
three
months ended in Mar. 2026 was $11.80 Mil. Therefore, IRIDEX's pretax margin for the quarter that ended in Mar. 2026 was -3.95%.
The historical rank and industry rank for IRIDEX's Pretax Margin % or its related term are showing as below:
IRIX'
s Pretax Margin % Range Over the Past 10 Years
Min: -31.24 Med: -17.76 Max: -5.75
Current: -6.03
IRIX's Pretax Margin % is ranked worse than 59.98% of 817
companies
in the Medical Devices & Instruments industry
Industry Median: 2.43
vs IRIX: -6.03
IRIDEX (NAS:IRIX) 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.
IRIDEX Pretax Margin % Related Terms
IRIDEX Pretax Margin % Historical Data
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The historical data trend for IRIDEX'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.
IRIX vs ICCM, ADGM, CSDX: Pretax Margin % Comparison
For the Medical Devices subindustry, IRIDEX'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.
IRIDEX Pretax Margin % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, IRIDEX's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where IRIDEX'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.
IRIDEX (IRIX) has a Pretax Margin % of -3.95% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on IRIDEX and its competitors. According to the industry distribution chart, IRIDEX ranks #490 out of 817 companies in the Medical Devices & Instruments industry, placing it in the top 60%.
Is IRIDEX's Pretax Margin % too high?
IRIDEX's current Pretax Margin % is -3.95%. Based on the distribution chart, IRIDEX ranks #490 out of 817 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, IRIDEX has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IRIDEX's Pretax Margin % compare to ICCM and ADGM?
According to the Medical Devices & Instruments industry distribution chart, IRIDEX ranks #490 out of 817 companies for Pretax Margin %. This places IRIDEX in the lower half of its industry. The industry median Pretax Margin % is 2.43. 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 Medical Devices & Instruments company?
The median Pretax Margin % among Medical Devices & Instruments companies is 2.43, based on 817 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 IRIDEX and its competitors. For the Medical Devices & Instruments industry, the median Pretax Margin % is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IRIDEX's current Pretax Margin % is -3.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRIDEX stock overvalued right now?
Based on GuruFocus' analysis, IRIDEX (IRIX) is currently considered Possible Value Trap. The stock's GF Value™ is $1.70, compared to a current price of $1.19 — trading 30% below its estimated fair value. The current Pretax Margin % is -3.95%. IRIDEX's overall GF Score™ is 66/100 with 3 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 IRIDEX (IRIX), the current Pretax Margin % is -3.95% 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 IRIDEX (IRIX) Overvalued in 2026?
Based on GuruFocus' analysis, IRIDEX stock appears to be undervalued.
The current stock price of $1.19 is trading 30% below its estimated GF Value™ of $1.70.
GuruFocus considers IRIDEX to be Possible Value Trap.
Key valuation signals for IRIX:
Pretax Margin %: -3.95%
GF Value™: $1.70 vs. price of $1.19 (30% below fair value)
No single metric tells the full story. See the IRIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IRIDEX Corp is an ophthalmic medical technology company focused on the development and commercialization of breakthrough products and procedures used to treat sight-threatening eye conditions, including glaucoma and retinal diseases. Its products include Lasers, Laser delivery devices, Glaucoma devices, Retinal surgical instruments, and Veterinary and ENT products. The firm also powers its products with its proprietary Micropulse technology. The company operates in only one reportable segment, Ophthalmology. It derives revenues from the sale of consoles, delivery devices, consumables, services, and support activities. The geographical segments of the company include the United States, which drives maximum revenue, Europe, and the Americas, excluding the U.S. and Asia/Pacific Rim.
66GF Score
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