Full Truck Alliance CoYMM -3.46%77 Pretax Margin % is 42.78% as of Mar. 2026, which is 467% above its 10-year median of 7.54. GuruFocus rates YMM with a GF Score™ of 77/100 and a GF Value™ of $11.34 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,825 Software companies, Full Truck Alliance Co ranks better than 96.42% on this metric.
The historical rank and industry rank for Full Truck Alliance Co's Pretax Margin % or its related term are showing as below:
YMM'
s Pretax Margin % Range Over the Past 10 Years
Min: -133.74 Med: 7.54 Max: 43.14
Current: 40.51
YMM's Pretax Margin % is ranked better than 96.42% of 2825
companies
in the Software industry
Industry Median: 3.53
vs YMM: 40.51
Full Truck Alliance Co (NYSE:YMM) 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.
Full Truck Alliance Co Pretax Margin % Related Terms
Full Truck Alliance Co Pretax Margin % Historical Data
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The historical data trend for Full Truck Alliance Co'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.
YMM vs CRM, SHOP, UBER: Pretax Margin % Comparison
For the Software - Application subindustry, Full Truck Alliance Co'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.
Full Truck Alliance Co Pretax Margin % vs Software Industry
For the Software industry and Technology sector, Full Truck Alliance Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Full Truck Alliance Co'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.
Full Truck Alliance Co (YMM) has a Pretax Margin % of 42.78% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Full Truck Alliance Co and its competitors. This is 467% above median its historical median of 7.54. According to the industry distribution chart, Full Truck Alliance Co ranks #101 out of 2825 companies in the Software industry, placing it in the top 3.6%.
Is Full Truck Alliance Co's Pretax Margin % too high?
Full Truck Alliance Co's current Pretax Margin % of 42.78% is 467% above median its 10-year median of 7.54. The Software industry median Pretax Margin % is 3.53. Full Truck Alliance Co's value of 42.78% is 1111.9% above this industry median. Based on the distribution chart, Full Truck Alliance Co ranks #101 out of 2825 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Full Truck Alliance Co has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Full Truck Alliance Co's Pretax Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, Full Truck Alliance Co ranks #101 out of 2825 companies for Pretax Margin %. This places Full Truck Alliance Co in the top 4% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.53. Full Truck Alliance Co's value of 42.78% is 1111.9% above this benchmark. While the company's 10-year median is 7.54 vs. the industry median of 3.53, Full Truck Alliance Co 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 a Software company?
The median Pretax Margin % among Software companies is 3.53, based on 2,825 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. Full Truck Alliance Co's current Pretax Margin % of 42.78% is 1111.9% 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 Full Truck Alliance Co and its competitors. For the Software industry, the median Pretax Margin % is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Full Truck Alliance Co's current Pretax Margin % is 42.78%, which is 467% above median its own 10-year median of 7.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Full Truck Alliance Co stock overvalued right now?
Based on GuruFocus' analysis, Full Truck Alliance Co (YMM) is currently considered Significantly Undervalued. The stock's GF Value™ is $11.34, compared to a current price of $7.54 — trading 33.5% below its estimated fair value. The current Pretax Margin % is 42.78%, which is 467% above median its 10-year median of 7.54 and 1111.9% above the Software industry median of 3.53. Full Truck Alliance Co's overall GF Score™ is 77/100 with 2 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 Full Truck Alliance Co (YMM), the current Pretax Margin % is 42.78% 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 Full Truck Alliance Co (YMM) Overvalued in 2026?
Based on GuruFocus' analysis, Full Truck Alliance Co stock appears to be undervalued.
The current stock price of $7.54 is trading 33.5% below its estimated GF Value™ of $11.34.
GuruFocus considers Full Truck Alliance Co to be Significantly Undervalued.
Key valuation signals for YMM:
Pretax Margin %: 42.78% (467% above median its 10-year median of 7.54)
GF Value™: $11.34 vs. price of $7.54 (33.5% below fair value)
Industry Position: 1111.9% above the Software median (#101 of 2825)
No single metric tells the full story. See the YMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers and trucker's use of its platforms in connection with freight matching services and value-added services.
77GF Score
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