Aqua Metals (FRA:AQK) EBIT: €-15.50 Mil (TTM As of Mar. 2026)

What is Aqua Metals EBIT?

Aqua Metals FRA:AQK 25 EBIT is €-15.50 Mil as of Mar. 2026. GuruFocus rates FRA:AQK with a GF Score™ of 25/100. The stock has 3 warning signs investors should review.

Aqua Metals's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €-3.41 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-15.50 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aqua Metals's annualized ROC % for the quarter that ended in Mar. 2026 was -244.67%. Aqua Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -261.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aqua Metals's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -525.64%.

Aqua Metals (FRA:AQK) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Aqua Metals's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	-14.324 * ( 1 - 0% )	/	( (5.647	+	6.062)	/ 2 )
=	-14.324	/	5.8545
=	-244.67 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	16.829	-	3.516	-	( 9.232	-	max(0, 3.782	-	11.448	+	9.232	))
=	5.647

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	14.809	-	2.851	-	( 5.896	-	max(0, 3.129	-	9.598	+	5.896	))
=	6.062

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Aqua Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-13.648	/	( ( (5.299 + max(-3.067, 0))	+	(5.141 + max(-2.369, 0)) )	/	2 )
=	-13.648	/	( ( 5.299	+	5.141 )	/	2 )
=	-13.648	/	5.22
=	-261.46 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.208	+	0.241)	-	(3.516	+	0	+	0)
=	-3.067

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0.211	+	0.271)	-	(2.851	+	0	+	0)
=	-2.369

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Aqua Metals's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	-15.501	/	2.949
	=	-525.64 %

* 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.

Aqua Metals EBIT Related Terms

Aqua Metals EBIT Historical Data

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The historical data trend for Aqua Metals's EBIT can be seen below:

Aqua Metals EBIT Chart

Aqua Metals Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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-16.08

-14.45

-21.38

-22.90

-18.77

Aqua Metals Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															-7.32	-5.66	-2.65	-3.79	-3.41

FRA:AQK vs AWX, OCLN, CDTG: EBIT Comparison

For the Waste Management subindustry, Aqua Metals's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Aqua Metals EV-to-EBIT vs Waste Management Industry

For the Waste Management industry and Industrials sector, Aqua Metals's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Aqua Metals's EV-to-EBIT falls into.

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25GF Score

Aqua Metals Inc FRA:AQK

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Aqua Metals EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-15.50 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €-15.50 Mil mean?

Aqua Metals (FRA:AQK) has a EBIT of €-15.50 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Aqua Metals.

Is Aqua Metals' EBIT too high?

Aqua Metals' current EBIT is €-15.50 Mil. Overall, Aqua Metals has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.

How does Aqua Metals' EBIT compare to AWX and OCLN?

Aqua Metals' EBIT of €-15.50 Mil can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Waste Management company?

A good EBIT depends on the Waste Management industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Aqua Metals. Aqua Metals's current EBIT is €-15.50 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Aqua Metals stock overvalued right now?

Aqua Metals (FRA:AQK) has a current EBIT of €-15.50 Mil. The current EBIT is €-15.50 Mil. Aqua Metals' overall GF Score™ is 25/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Aqua Metals (FRA:AQK), the current EBIT is €-15.50 Mil 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.

Aqua Metals Business Description

Industry Industrials Waste Management

Comparable Companies AWX OCLN CDTG WAST AMBIQ QRHC SNRG GWAV DXST SENR WM RSG WCN XPAR:VIE CLH GFL XBRU:UMI XMAD:FCC SZSE:002340 CWST

Other Exchanges AQMS:USA 0HH6:UK

Address 5370 Kietzke Lane, Suite 201, Reno, NV, USA, 89511

Website https://www.aquametals.com

Aqua Metals Inc is developing and seeking to commercialize proprietary recycling and refining technologies for the recovery of critical minerals and metals. Its patented and patent-pending AquaRefining process is an electro-hydrometallurgical method designed to recover high-purity materials from battery and other metal-bearing feedstocks using a closed-loop system powered by electricity. Its idea is to reduce CAPEX and OPEX costs, reduce emissions, hazardous waste, and reliance on conventional smelting and chemical-intensive refining processes. It has one operating segment: sustainable metals recycling. It focused on the development and commercialization of AquaRefining technology for the clean and efficient recovery of valuable metals from lead-acid and lithium-ion batteries.

25GF Score

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€20.36

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