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IGM Financial (IGM Financial) Pretax Margin % : 32.39% (As of Dec. 2023)


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What is IGM Financial Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. IGM Financial's Pre-Tax Income for the three months ended in Dec. 2023 was $192 Mil. IGM Financial's Revenue for the three months ended in Dec. 2023 was $592 Mil. Therefore, IGM Financial's pretax margin for the quarter that ended in Dec. 2023 was 32.39%.

The historical rank and industry rank for IGM Financial's Pretax Margin % or its related term are showing as below:

IGIFF' s Pretax Margin % Range Over the Past 10 Years
Min: 25.66   Med: 33.09   Max: 35.92
Current: 35.92


IGIFF's Pretax Margin % is ranked worse than
69.36% of 1668 companies
in the Asset Management industry
Industry Median: 89.59 vs IGIFF: 35.92

IGM Financial Pretax Margin % Historical Data

The historical data trend for IGM Financial'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.

* Premium members only.

IGM Financial Pretax Margin % Chart

IGM Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.08 30.64 35.33 35.15 35.92

IGM Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.60 56.67 21.58 33.51 32.39

Competitive Comparison of IGM Financial's Pretax Margin %

For the Asset Management subindustry, IGM Financial'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.


IGM Financial's Pretax Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, IGM Financial's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where IGM Financial's Pretax Margin % falls into.



IGM Financial Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

IGM Financial's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=853.054/2375.051
=35.92 %

IGM Financial's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=191.905/592.488
=32.39 %

* 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.


IGM Financial  (OTCPK:IGIFF) 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.


IGM Financial Pretax Margin % Related Terms

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IGM Financial (IGM Financial) Business Description

Traded in Other Exchanges
Address
447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5
IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.

IGM Financial (IGM Financial) Headlines