PRF002Factor HubProfitability FactorsLow
Net Margin Factor
Net income per unit of sales — the bottom line on cost control and operating discipline.
Formula
净利率 = 净利润(TTM) / 营业收入(TTM)Performance (Top-30 equal-weight long, monthly rebalance)
Annualized return
4.17%
Sharpe ratio
0.31
Max drawdown
-39.44%
Total return
50.44%
Cumulative performance（2016-09 … 2026-08）
2016 -12.6%2017 -23.2%2018 +3.5%2019 +23.1%2020 +31.0%2021 +17.3%2022 +30.8%2023 -10.9%2024 -10.8%2025 +0.6%2026 +9.2%
Current top-30 holdings
| # | Ticker | Company | Score |
|---|---|---|---|
| 1 | INTU | Intuit | 0.657 |
| 2 | PLTR | Palantir | 0.495 |
| 3 | SMCI | Super Micro Computer | 0.478 |
| 4 | KMI | Kinder Morgan | 0.455 |
| 5 | AMAT | Applied Materials | 0.452 |
| 6 | TXN | Texas Instruments | 0.433 |
| 7 | CAT | Caterpillar | 0.432 |
| 8 | KLAC | KLA | 0.429 |
| 9 | DAL | Delta Air Lines | 0.414 |
| 10 | SLB | SLB | 0.410 |
| 11 | HD | Home Depot | 0.408 |
| 12 | MELI | MercadoLibre | 0.398 |
| 13 | HSY | Hershey | 0.397 |
| 14 | CDNS | Cadence | 0.392 |
| 15 | CL | Colgate-Palmolive | 0.383 |
| 16 | AZO | AutoZone | 0.368 |
| 17 | LEN | Lennar | 0.359 |
| 18 | WMB | Williams Companies | 0.357 |
| 19 | NOC | Northrop Grumman | 0.354 |
| 20 | LRCX | Lam Research | 0.349 |
| 21 | CSX | CSX | 0.341 |
| 22 | AMZN | Amazon | 0.339 |
| 23 | MO | Altria | 0.337 |
| 24 | MMM | 3M | 0.336 |
| 25 | NSC | Norfolk Southern | 0.329 |
| 26 | LMT | Lockheed Martin | 0.327 |
| 27 | FTV | Fortive | 0.325 |
| 28 | LYV | Live Nation | 0.322 |
| 29 | NEM | Newmont | 0.314 |
| 30 | MCD | McDonald's | 0.313 |
Holdings computed by the exact formula above at the latest month-end observation on the deterministic research panel (2026-08).
Data export
Exports include formulas, performance statistics, the 120-month series and current holdings — everything needed to replicate results locally.