Shearwater Group (FRA:DTW1) EBIT: €-1.49 Mil (TTM As of Dec. 2025)

What is Shearwater Group EBIT?

Shearwater Group FRA:DTW1 41 EBIT is €-1.49 Mil as of Dec. 2025. GuruFocus rates FRA:DTW1 with a GF Score™ of 41/100. The stock has 5 warning signs investors should review.

Shearwater Group's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €-1.49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €-1.49 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shearwater Group's annualized ROC % for the quarter that ended in Dec. 2025 was -4.26%. Shearwater Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -724.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shearwater Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -19.06%.

Shearwater Group (FRA:DTW1) EBIT Explanation

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

Shearwater Group's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2024 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	-3.202 * ( 1 - 23.08% )	/	( (60.425	+	55.219)	/ 2 )
=	-2.4629784	/	57.822
=	-4.26 %

where

	Invested Capital		(Q: Sep. 2024 )
=	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	))
=	65.43	-	1.43	-	( 3.575	-	max(0, 8.819	-	13.587	+	3.575	))
=	60.425

	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	))
=	60.363	-	3.658	-	( 2.515	-	max(0, 18.978	-	20.464	+	2.515	))
=	55.219

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Shearwater Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2024		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-2.972	/	( ( (0.477 + max(-6.315, 0))	+	(0.343 + max(-13.834, 0)) )	/	2 )
=	-2.972	/	( ( 0.477	+	0.343 )	/	2 )
=	-2.972	/	0.41
=	-724.88 %

where Working Capital is:

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.384	+	0	+	0.0010000000000012)	-	(1.43	+	0	+	7.27)
=	-6.315

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.03	+	0	+	-3.5527136788005E-15)	-	(3.658	+	0	+	15.206)
=	-13.834

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Shearwater Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	-1.486	/	7.796
	=	-19.06 %

* 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.

Shearwater Group EBIT Related Terms

Shearwater Group EBIT Historical Data

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The historical data trend for Shearwater Group's EBIT can be seen below:

Shearwater Group EBIT Chart

Shearwater Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-7.83

-0.79

0.23

1.25

-10.83

Shearwater Group Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Dec25
EBIT	Get a 7-Day Free Trial															-9.00	-1.62	-2.05	-2.50	-1.49

FRA:DTW1 vs MSFT, ORCL, PLTR: EBIT Comparison

For the Software - Infrastructure subindustry, Shearwater Group'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.

Shearwater Group EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Shearwater Group's EV-to-EBIT distribution charts can be found below:

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

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41GF Score

Shearwater Group PLC FRA:DTW1

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

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Shearwater Group 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-1.49 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €-1.49 Mil mean?

Shearwater Group (FRA:DTW1) has a EBIT of €-1.49 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Shearwater Group.

Is Shearwater Group's EBIT too high?

Shearwater Group's current EBIT is €-1.49 Mil. Overall, Shearwater Group has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.

How does Shearwater Group's EBIT compare to MSFT and ORCL?

Shearwater Group's EBIT of €-1.49 Mil can be compared against companies in the Software 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 Software company?

A good EBIT depends on the Software 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 Shearwater Group. Shearwater Group's current EBIT is €-1.49 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Shearwater Group stock overvalued right now?

Shearwater Group (FRA:DTW1) has a current EBIT of €-1.49 Mil. The current EBIT is €-1.49 Mil. Shearwater Group's overall GF Score™ is 41/100 with 5 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 Shearwater Group (FRA:DTW1), the current EBIT is €-1.49 Mil as of Dec. 2025. 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.

Shearwater Group Business Description

Industry Technology Software

Comparable Companies LSE:FIN LSE:NARF AQSE:VLRM LSE:RCGH LSE:SYS LSE:CTAI LSE:PR1 LSE:CLCO LSE:IOM LSE:MODE MSFT ORCL PLTR PANW CRWD HKSE:02513 FTNT SNPS NET CRWV

Other Exchanges SWG:UK

Address 32 Threadneedle Street, London, GBR, EC2R 8AY

Website https://www.shearwatergroup.com

Shearwater Group PLC is a UK-based company focused on providing digital resilience solutions. The company delivers cybersecurity, network monitoring technologies, managed security services, Data Loss Prevention, Identity & Access Security, IT Solutions, Penetration Testing & Red Teaming, and other services. Its operating segment includes software and services. The company generates maximum revenue from the Services segment. Its geographical segments include the United Kingdom(UK) and Europe(excluding the UK), North America, and the Rest of the world, of which the majority of the revenue is derived from the UK.

41GF Score

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