HOVR (New Horizon Aircraft) EBIT: $-16.41 Mil (TTM As of Feb. 2026)


HOVR New Horizon Aircraft Ltd HOVR
14 GF Score
Price $1.89
! 2 Warning Signs
View Full Analysis

What is New Horizon Aircraft EBIT?

New Horizon Aircraft HOVR -6.90% 14 EBIT is $-16.41 Mil as of Feb. 2026. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 2 warning signs investors should review.

New Horizon Aircraft's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2026 was $-5.56 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was $-16.41 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. New Horizon Aircraft's annualized ROC % for the quarter that ended in Feb. 2026 was -3,494.74%. New Horizon Aircraft's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was -4,595.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. New Horizon Aircraft's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was -15.29%.

New Horizon Aircraft  (NAS:HOVR) EBIT Explanation

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

New Horizon Aircraft's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=-22.244 * ( 1 - 0% )/( (0.58 + 0.693)/ 2 )
=-22.244/0.6365
=-3,494.74 %

where

Invested Capital(Q: Nov. 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))
=18.24 - 2.701 - ( 17.291 - max(0, 2.715 - 17.674+17.291))
=0.58

Invested Capital(Q: Feb. 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))
=16.052 - 0.972 - ( 14.415 - max(0, 1.042 - 15.429+14.415))
=0.693

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

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

New Horizon Aircraft's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-22.244/( ( (0.457 + max(-2.475, 0)) + (0.511 + max(-0.231, 0)) )/ 2 )
=-22.244/( ( 0.457 + 0.511 )/ 2 )
=-22.244/0.484
=-4,595.87 %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.226) - (2.701 + 0 + 0)
=-2.475

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.801) - (0.972 + 0 + 0.06)
=-0.231

When net working capital is negative, 0 is used.

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

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

New Horizon Aircraft's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=-16.407/107.291
=-15.29 %

* 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.

New Horizon Aircraft EBIT Related Terms

New Horizon Aircraft EBIT Historical Data

* Premium members only.

The historical data trend for New Horizon Aircraft's EBIT 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.

New Horizon Aircraft EBIT Chart

New Horizon Aircraft Annual Data
Trend May22 May23 May24 May25
EBIT
-1.28 -0.81 -3.38 -9.80

New Horizon Aircraft Quarterly Data
May22 Dec22 May23 Dec23 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.49 -2.92 -4.28 -3.64 -5.56

HOVR vs VWAV, MNTS, BYRN: EBIT Comparison

For the Aerospace & Defense subindustry, New Horizon Aircraft'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.

New Horizon Aircraft EV-to-EBIT vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where New Horizon Aircraft's EV-to-EBIT falls into.


HOVR
14GF Score
New Horizon Aircraft Ltd HOVR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

New Horizon Aircraft 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 Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-16.41 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-16.41 Mil mean?
New Horizon Aircraft (HOVR) has a EBIT of $-16.41 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on New Horizon Aircraft.
Is New Horizon Aircraft's EBIT too high?
New Horizon Aircraft's current EBIT is $-16.41 Mil. Overall, New Horizon Aircraft has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does New Horizon Aircraft's EBIT compare to VWAV and MNTS?
New Horizon Aircraft's EBIT of $-16.41 Mil can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good EBIT depends on the Aerospace & Defense 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 New Horizon Aircraft. New Horizon Aircraft's current EBIT is $-16.41 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Horizon Aircraft stock overvalued right now?
New Horizon Aircraft (HOVR) has a current EBIT of $-16.41 Mil. The current EBIT is $-16.41 Mil. New Horizon Aircraft's overall GF Score™ is 14/100 with 2 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 New Horizon Aircraft (HOVR), the current EBIT is $-16.41 Mil as of Feb. 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.

New Horizon Aircraft Business Description

Address 3187 Highway 35, Lindsay, ON, CAN, K9V 4R1
New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and building a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities, and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, floods, and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.
14GF Score

Get the complete analysis for HOVR

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.89
Price