Vanguard Municipal Bond Funds - Vanguard Intermediate-Term Tax-Exempt Bond ETF Profit Margin

Vanguard Municipal Bond Funds - Vanguard Intermediate-Term Tax-Exempt Bond ETF posts a profit margin of 78.41% as of October 2023. That compares with -420.22% in the prior-year period — up 118.7% year over year. That is above the sector sector average of 19.74%. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Vanguard Municipal Bond Funds - Vanguard Intermediate-Term Tax-Exempt Bond ETF's profit margin was -420.22%. The latest reading is 78.41% — a 118.7% year-over-year increase (period ending October 2023). Use the history and growth charts on this page for a longer lookback.

For its sector stocks, a profit margin near 19.74% is typical. Vanguard Municipal Bond Funds - Vanguard Intermediate-Term Tax-Exempt Bond ETF's 78.41% is higher that level. That is roughly 297.2% above the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

Vanguard Municipal Bond Funds - Vanguard Intermediate-Term Tax-Exempt Bond ETF's profit margin moves when the underlying profit, equity, or asset base changes. Cost cuts, pricing power, buybacks, write-downs, and cyclical swings can all shift the percentage. The latest reading is 78.41% as of October 2023; use YoY and peer views to separate noise from signal.

Context for VTEI's profit margin usually means three checks: (1) trend versus prior periods, (2) level versus peers (average 19.74%), and (3) consistency with growth and profitability. This page covers the first two; Vanguard Municipal Bond Funds - Vanguard Intermediate-Term Tax-Exempt Bond ETF's other metric pages and overview cover the third.