Firm Capital Mortgage Investment (TSX:FC) Pretax Margin % : 74.64% (As of Mar. 2024)

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What is Firm Capital Mortgage Investment Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Firm Capital Mortgage Investment's Pre-Tax Income for the three months ended in Mar. 2024 was C$8.57 Mil. Firm Capital Mortgage Investment's Revenue for the three months ended in Mar. 2024 was C$11.48 Mil. Therefore, Firm Capital Mortgage Investment's pretax margin for the quarter that ended in Mar. 2024 was 74.64%.

The historical rank and industry rank for Firm Capital Mortgage Investment's Pretax Margin % or its related term are showing as below:

TSX:FC' s Pretax Margin % Range Over the Past 10 Years
Min: 67.63 Med: 80.86 Max: 87.65
Current: 72.42

TSX:FC's Pretax Margin % is ranked better than
97.53% of 1460 companies
in the Banks industry
Industry Median: 32.765 vs TSX:FC: 72.42

Firm Capital Mortgage Investment Pretax Margin % Historical Data

The historical data trend for Firm Capital Mortgage Investment'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.

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Firm Capital Mortgage Investment Pretax Margin % Chart

Firm Capital Mortgage Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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80.76

78.34

87.65

74.80

67.63

Firm Capital Mortgage Investment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Pretax Margin %	Get a 7-Day Free Trial															58.02	74.60	86.72	58.85	74.64

Competitive Comparison of Firm Capital Mortgage Investment's Pretax Margin %

For the Mortgage Finance subindustry, Firm Capital Mortgage Investment'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.

Firm Capital Mortgage Investment's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Firm Capital Mortgage Investment's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Firm Capital Mortgage Investment's Pretax Margin % falls into.

Firm Capital Mortgage Investment 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.

Firm Capital Mortgage Investment'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 )
	=	34.164	/	50.514
	=	67.63 %

Firm Capital Mortgage Investment's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	8.57	/	11.482
	=	74.64 %

Firm Capital Mortgage Investment (TSX:FC) 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.

Firm Capital Mortgage Investment Pretax Margin % Related Terms

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Firm Capital Mortgage Investment (TSX:FC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firm Capital Mortgage Investment Corp (TSX:FC) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

FCMGF:USA 74X:Germany

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors. Also, it provides loan servicing, asset management, and related investment services. The company's revenue mainly comprises Interest and fee income and commission fees arising from Canada and United States.

Executives

Ryan Lim

Senior Officer