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WorksportWKSP -4.13%31 Pretax Margin % is -75.81% as of Jun. 2026. GuruFocus rates WKSP with a GF Score™ of 31/100. The stock has 5 warning signs investors should review. Among 1,322 Vehicles & Parts companies, Worksport ranks worse than 97.58% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Worksport's Pre-Tax Income for the
three
months ended in Jun. 2026 was $-3.97 Mil. Worksport's Revenue for the
three
months ended in Jun. 2026 was $5.23 Mil. Therefore, Worksport's pretax margin for the quarter that ended in Jun. 2026 was -75.81%.
The historical rank and industry rank for Worksport's Pretax Margin % or its related term are showing as below:
WKSP'
s Pretax Margin % Range Over the Past 10 Years
Min: -10712.82 Med: -354.56 Max: -18.64
Current: -114.49
WKSP's Pretax Margin % is ranked worse than 97.58% of 1322
companies
in the Vehicles & Parts industry
Industry Median: 4.53
vs WKSP: -114.49
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.
Worksport Pretax Margin % Related Terms
Worksport Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Worksport'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.
WKSP vs INEO, GTEC, OMTK: Pretax Margin % Comparison
For the Auto Parts subindustry, Worksport'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.
Worksport Pretax Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Worksport's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Worksport'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.
Worksport (WKSP) has a Pretax Margin % of -75.81% as of Jun. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Worksport and its competitors. According to the industry distribution chart, Worksport ranks #1290 out of 1322 companies in the Vehicles & Parts industry, placing it in the top 97.6%.
Is Worksport's Pretax Margin % too high?
Worksport's current Pretax Margin % is -75.81%. Based on the distribution chart, Worksport ranks #1290 out of 1322 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Worksport has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Worksport's Pretax Margin % compare to INEO and GTEC?
According to the Vehicles & Parts industry distribution chart, Worksport ranks #1290 out of 1322 companies for Pretax Margin %. This places Worksport in the lower half of its industry. The industry median Pretax Margin % is 4.53. 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 Vehicles & Parts company?
The median Pretax Margin % among Vehicles & Parts companies is 4.53, based on 1,322 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 Worksport and its competitors. For the Vehicles & Parts industry, the median Pretax Margin % is 4.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Worksport's current Pretax Margin % is -75.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Worksport stock overvalued right now?
Worksport (WKSP) has a current Pretax Margin % of -75.81%. The current Pretax Margin % is -75.81%. Worksport's overall GF Score™ is 31/100 with 5 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 Worksport (WKSP), the current Pretax Margin % is -75.81% as of Jun. 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.
Worksport Ltd designs, develops, and manufactures products for markets including automotive accessories, consumer electronics, and residential and commercial HVAC systems. The company leverages a growing intellectual property portfolio of patents, designs, and trademarks covering products such as tonneau covers, solar-integrated tonneau covers, portable power stations, hydrogen-based green energy systems, heat pumps, and EV charging solutions. Its segments include soft tonneau covers, consisting mainly of vinyl-wrapped tri-fold and quad-fold covers manufactured by third-party suppliers, and hard tonneau covers, which generate the majority of revenue in the United States and include aluminum tri-fold and quad-fold covers manufactured and assembled in the United States.
31GF Score
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