What is Nuveen Variable Rate Preferred&Income Pretax Margin %?
Nuveen Variable Rate Preferred&IncomeNPFD +0.16%33 Pretax Margin % is 97.83% as of Jan. 2026, which is 1% below its 10-year median of 99.06. GuruFocus rates NPFD with a GF Score™ of 33/100. The stock has 6 warning signs investors should review. Among 1,580 Asset Management companies, Nuveen Variable Rate Preferred&Income ranks better than 65.63% 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.
Nuveen Variable Rate Preferred&Income Pretax Margin % Related Terms
Nuveen Variable Rate Preferred&Income 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.
For the Asset Management subindustry, Nuveen Variable Rate Preferred&Income'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.
Nuveen Variable Rate Preferred&Income Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nuveen Variable Rate Preferred&Income's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Nuveen Variable Rate Preferred&Income'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.
Nuveen Variable Rate Preferred&Income (NPFD) has a Pretax Margin % of 97.83% as of Jan. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nuveen Variable Rate Preferred&Income and its competitors. This is near median its historical median of 99.06. Over the past decade, Nuveen Variable Rate Preferred&Income's Pretax Margin % has ranged from 96.89 to 104.89. According to the industry distribution chart, Nuveen Variable Rate Preferred&Income ranks #543 out of 1580 companies in the Asset Management industry, placing it in the top 34.4%.
Is Nuveen Variable Rate Preferred&Income's Pretax Margin % too high?
Nuveen Variable Rate Preferred&Income's current Pretax Margin % of 97.83% is near median its 10-year median of 99.06. Over the past 10 years, this metric has ranged from a low of 96.89 to a high of 104.89. The Asset Management industry median Pretax Margin % is 89.48. Nuveen Variable Rate Preferred&Income's value of 97.83% is 9.3% above this industry median. Based on the distribution chart, Nuveen Variable Rate Preferred&Income ranks #543 out of 1580 companies in the Asset Management industry, which is above the industry midpoint. Overall, Nuveen Variable Rate Preferred&Income has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen Variable Rate Preferred&Income's Pretax Margin % compare to FFA and ETB?
According to the Asset Management industry distribution chart, Nuveen Variable Rate Preferred&Income ranks #543 out of 1580 companies for Pretax Margin %. This puts Nuveen Variable Rate Preferred&Income in the upper half of its industry. The industry median Pretax Margin % is 89.48. Nuveen Variable Rate Preferred&Income's value of 97.83% is 9.3% above this benchmark. Historically, Nuveen Variable Rate Preferred&Income's own Pretax Margin % has ranged from 96.89 to 104.89 over the past decade. While the company's 10-year median is 99.06 vs. the industry median of 89.48, Nuveen Variable Rate Preferred&Income 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 1,580 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. Nuveen Variable Rate Preferred&Income's current Pretax Margin % of 97.83% is 9.3% 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 Nuveen Variable Rate Preferred&Income 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. Nuveen Variable Rate Preferred&Income's current Pretax Margin % is 97.83%, which is near median its own 10-year median of 99.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Variable Rate Preferred&Income stock overvalued right now?
Nuveen Variable Rate Preferred&Income (NPFD) has a current Pretax Margin % of 97.83%. The current Pretax Margin % is 97.83%, which is near median its 10-year median of 99.06 and 9.3% above the Asset Management industry median of 89.48. Nuveen Variable Rate Preferred&Income's overall GF Score™ is 33/100 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 Nuveen Variable Rate Preferred&Income (NPFD), the current Pretax Margin % is 97.83% as of Jan. 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.
Nuveen Variable Rate Preferred&Income Business Description
Nuveen Variable Rate Preferred&Income is a diversified, closed-end management investment company. Its investment objective is to provide a high level of current income and total return. The fund invests a majority of its assets in variable-rate preferred securities and other variable-rate income-producing securities. The rest of its investments can be made in contingent capital securities or contingent convertible securities, convertible securities, corporate debt securities, U.S. government securities, residential and commercial mortgage-backed securities, fixed-rate preferred securities, senior loans and loan participations and assignments, sovereign debt instruments, debt securities issued by supranational agencies, and/or taxable and tax-exempt municipal bonds.
33GF Score
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