BlackRock Smaller TrustLSE:BRSC +1.23%35 Pretax Margin % is 98.55% as of Feb. 2026, which is 1% below its 10-year median of 99.51. GuruFocus rates LSE:BRSC with a GF Score™ of 35/100. The stock has 1 warning sign investors should review. Among 1,569 Asset Management companies, BlackRock Smaller Trust ranks better than 67.75% on this metric.
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.
BlackRock Smaller Trust Pretax Margin % Related Terms
BlackRock Smaller Trust 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.
LSE:BRSC vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, BlackRock Smaller Trust'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.
BlackRock Smaller Trust Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock Smaller Trust's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where BlackRock Smaller Trust'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.
BlackRock Smaller Trust (LSE:BRSC) has a Pretax Margin % of 98.55% as of Feb. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on BlackRock Smaller Trust and its competitors. This is near median its historical median of 99.51. Over the past decade, BlackRock Smaller Trust's Pretax Margin % has ranged from 98.08 to 130.76. According to the industry distribution chart, BlackRock Smaller Trust ranks #506 out of 1569 companies in the Asset Management industry, placing it in the top 32.2%.
Is BlackRock Smaller Trust's Pretax Margin % too high?
BlackRock Smaller Trust's current Pretax Margin % of 98.55% is near median its 10-year median of 99.51. Over the past 10 years, this metric has ranged from a low of 98.08 to a high of 130.76. The Asset Management industry median Pretax Margin % is 89.52. BlackRock Smaller Trust's value of 98.55% is 10.1% above this industry median. Based on the distribution chart, BlackRock Smaller Trust ranks #506 out of 1569 companies in the Asset Management industry, which is above the industry midpoint. Overall, BlackRock Smaller Trust has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock Smaller Trust's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, BlackRock Smaller Trust ranks #506 out of 1569 companies for Pretax Margin %. This puts BlackRock Smaller Trust in the upper half of its industry. The industry median Pretax Margin % is 89.52. BlackRock Smaller Trust's value of 98.55% is 10.1% above this benchmark. Historically, BlackRock Smaller Trust's own Pretax Margin % has ranged from 98.08 to 130.76 over the past decade. While the company's 10-year median is 99.51 vs. the industry median of 89.52, BlackRock Smaller Trust 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 89.52, based on 1,569 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. BlackRock Smaller Trust's current Pretax Margin % of 98.55% 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 BlackRock Smaller Trust and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock Smaller Trust's current Pretax Margin % is 98.55%, which is near median its own 10-year median of 99.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock Smaller Trust stock overvalued right now?
BlackRock Smaller Trust (LSE:BRSC) has a current Pretax Margin % of 98.55%. The current Pretax Margin % is 98.55%, which is near median its 10-year median of 99.51 and 10.1% above the Asset Management industry median of 89.52. BlackRock Smaller Trust's overall GF Score™ is 35/100 with 1 warning sign 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 BlackRock Smaller Trust (LSE:BRSC), the current Pretax Margin % is 98.55% as of Feb. 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.
BlackRock Smaller Companies Trust PLC is a UK-based investment trust company. Its investment objective is to achieve long-term capital growth for shareholders through investment mainly in smaller UK quoted companies. The company mainly attracts long-term private and institutional investors wanting to benefit from the growth prospects of smaller companies. It focuses on investing UK smaller companies which are listed on the London Stock Exchange or on the Alternative Investment Market. The firm has adopted a consistent investment process, focusing on good quality growth companies that are trading well and it also considers sector weightings and underlying themes and method of stock selection.
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