HZNFF (Horizon Oil) EBIT: $16.12 Mil (TTM As of Dec. 2025)

What is Horizon Oil EBIT?

Horizon Oil HZNFF +61.33% 52 EBIT is $16.12 Mil as of Dec. 2025. GuruFocus rates HZNFF with a GF Score™ of 52/100 and a GF Value™ of $0.12 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Horizon Oil's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $7.64 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $16.12 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Horizon Oil's annualized ROC % for the quarter that ended in Dec. 2025 was 4.28%. Horizon Oil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 16.35%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Horizon Oil's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.51%.

Horizon Oil (OTCPK:HZNFF) EBIT Explanation

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

Horizon Oil'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: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	9.194 * ( 1 - 34.9% )	/	( (130.894	+	149.098)	/ 2 )
=	5.985294	/	139.996
=	4.28 %

where

	Invested Capital		(Q: Jun. 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	))
=	180.155	-	14.483	-	( 39.782	-	max(0, 26.641	-	61.419	+	39.782	))
=	130.894

	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	))
=	187.689	-	12.654	-	( 35.606	-	max(0, 31.283	-	57.22	+	35.606	))
=	149.098

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:

Horizon Oil'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: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	15.282	/	( ( (98.317 + max(3.232, 0))	+	(83.65 + max(1.742, 0)) )	/	2 )
=	15.282	/	( ( 101.549	+	85.392 )	/	2 )
=	15.282	/	93.4705
=	16.35 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.507	+	3.733	+	3.397)	-	(14.483	+	3.92	+	0.0019999999999953)
=	3.232

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(14.529	+	3.126	+	3.959)	-	(12.654	+	7.218	+	3.5527136788005E-15)
=	1.742

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	16.117	/	247.567
	=	6.51 %

* 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.

Horizon Oil EBIT Related Terms

Horizon Oil EBIT Historical Data

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The historical data trend for Horizon Oil's EBIT can be seen below:

Horizon Oil EBIT Chart

Horizon Oil Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

EBIT

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10.15

44.74

60.81

42.12

22.65

Horizon Oil Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
EBIT	Get a 7-Day Free Trial															28.07	14.05	14.18	8.48	7.64

HZNFF vs COP, EOG, OXY: EBIT Comparison

For the Oil & Gas E&P subindustry, Horizon Oil'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.

Horizon Oil EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Horizon Oil's EV-to-EBIT distribution charts can be found below:

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

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52GF Score

Horizon Oil Ltd HZNFF

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

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Horizon Oil 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 $16.12 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $16.12 Mil mean?

Horizon Oil (HZNFF) has a EBIT of $16.12 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Horizon Oil.

Is Horizon Oil's EBIT too high?

Horizon Oil's current EBIT is $16.12 Mil. Overall, Horizon Oil has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Horizon Oil's EBIT compare to COP and EOG?

Horizon Oil's EBIT of $16.12 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?

A good EBIT depends on the Oil & Gas 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 Horizon Oil. Horizon Oil's current EBIT is $16.12 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Horizon Oil stock overvalued right now?

Based on GuruFocus' analysis, Horizon Oil (HZNFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.12, compared to a current price of $0.19 — trading 61.3% above its estimated fair value. The current EBIT is $16.12 Mil. Horizon Oil's overall GF Score™ is 52/100 with 6 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 Horizon Oil (HZNFF), the current EBIT is $16.12 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.

Is Horizon Oil (HZNFF) Overvalued in 2026?

Based on GuruFocus' analysis, Horizon Oil stock appears to be overvalued. The current stock price of $0.19 is trading 61.3% above its estimated GF Value™ of $0.12. GuruFocus considers Horizon Oil to be Significantly Overvalued.

Key valuation signals for HZNFF:

EBIT: $16.12 Mil
GF Value™: $0.12 vs. price of $0.19 (61.3% above fair value)
GF Score™: 52/100 with 6 warning signs

No single metric tells the full story. See the HZNFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Horizon Oil Business Description

Industry Energy Oil & Gas

Comparable Companies ASX:OMA ASX:BTL ASX:STX ASX:CVN ASX:AEL ASX:FDR ASX:EXR ASX:COI ASX:JGH ASX:ECH HKSE:00883 COP TSX:CNQ EOG OXY FANG DVN ASX:WDS EQT TPL

Other Exchanges HOJ:Germany HZN:Australia

Address 360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website https://www.horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company operates in three segments: China development, New Zealand development, and Australia development. It generates maximum revenue from the China development segment, which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The New Zealand development segment is currently involved in developing and producing crude oil from the Maari/Manaia oil field development, and the Australia development segment is engaged in developing and producing oil and gas from the Mereenie OL4 and OL5 oil and gas fields.

52GF Score

Get the complete analysis for HZNFF

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

$0.19

Price

$0.12

GF Value

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