Tourmaline OilTRMLF +0.38%75 Pretax Margin % is 48.46% as of Mar. 2026, which is 75% above its 10-year median of 27.65. GuruFocus rates TRMLF with a GF Score™ of 75/100 and a GF Value™ of $43.73 (Fairly Valued). The stock has 7 warning signs investors should review. Among 916 Oil & Gas companies, Tourmaline Oil ranks better than 70.85% 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.
Tourmaline Oil Pretax Margin % Related Terms
Tourmaline Oil Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Tourmaline Oil'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.
TRMLF vs COP, EOG, OXY: Pretax Margin % Comparison
For the Oil & Gas E&P subindustry, Tourmaline Oil'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.
Tourmaline Oil Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tourmaline Oil's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Tourmaline Oil'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.
Tourmaline Oil (TRMLF) has a Pretax Margin % of 48.46% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Tourmaline Oil and its competitors. This is 75% above median its historical median of 27.65. According to the industry distribution chart, Tourmaline Oil ranks #267 out of 916 companies in the Oil & Gas industry, placing it in the top 29.1%.
Is Tourmaline Oil's Pretax Margin % too high?
Tourmaline Oil's current Pretax Margin % of 48.46% is 75% above median its 10-year median of 27.65. The Oil & Gas industry median Pretax Margin % is 5.17. Tourmaline Oil's value of 48.46% is 838.2% above this industry median. Based on the distribution chart, Tourmaline Oil ranks #267 out of 916 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Tourmaline Oil has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tourmaline Oil's Pretax Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tourmaline Oil ranks #267 out of 916 companies for Pretax Margin %. This puts Tourmaline Oil in the upper half of its industry. The industry median Pretax Margin % is 5.17. Tourmaline Oil's value of 48.46% is 838.2% above this benchmark. While the company's 10-year median is 27.65 vs. the industry median of 5.17, Tourmaline Oil 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 Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.17, based on 916 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. Tourmaline Oil's current Pretax Margin % of 48.46% is 838.2% 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 Tourmaline Oil and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tourmaline Oil's current Pretax Margin % is 48.46%, which is 75% above median its own 10-year median of 27.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tourmaline Oil stock overvalued right now?
Based on GuruFocus' analysis, Tourmaline Oil (TRMLF) is currently considered Fairly Valued. The stock's GF Value™ is $43.73, compared to a current price of $42.40 — trading 3% below its estimated fair value. The current Pretax Margin % is 48.46%, which is 75% above median its 10-year median of 27.65 and 838.2% above the Oil & Gas industry median of 5.17. Tourmaline Oil's overall GF Score™ is 75/100 with 7 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 Tourmaline Oil (TRMLF), the current Pretax Margin % is 48.46% 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 Tourmaline Oil (TRMLF) Overvalued in 2026?
Based on GuruFocus' analysis, Tourmaline Oil stock appears to be undervalued.
The current stock price of $42.40 is trading 3% below its estimated GF Value™ of $43.73.
GuruFocus considers Tourmaline Oil to be Fairly Valued.
Key valuation signals for TRMLF:
Pretax Margin %: 48.46% (75% above median its 10-year median of 27.65)
GF Value™: $43.73 vs. price of $42.40 (3% below fair value)
Industry Position: 838.2% above the Oil & Gas median (#267 of 916)
No single metric tells the full story. See the TRMLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tourmaline Oil is a Canadian natural gas producer with an integrated midstream gathering and processing operation. Its primary product is natural gas, but also produces natural gas liquids, condensates, and oil. As a result of multiple acquisitions, it has become the largest natural gas producer in Canada.
75GF Score
Get the complete analysis for TRMLF
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TRMLF has been successfully added to your 
