H-Power (LSE:HPOW) EBIT: £-21.07 Mil (TTM As of Apr. 2026)


LSE:HPOW H-Power PLC LSE:HPOW
36 GF Score
Price £0.12
! 4 Warning Signs
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What is H-Power EBIT?

H-Power LSE:HPOW -2.66% 36 EBIT is £-21.07 Mil as of Apr. 2026. GuruFocus rates LSE:HPOW with a GF Score™ of 36/100. The stock has 4 warning signs investors should review.

H-Power's earnings before interest and taxes (EBIT) for the six months ended in Apr. 2026 was £-7.28 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2026 was £-21.07 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. H-Power's annualized ROC % for the quarter that ended in Apr. 2026 was -64.18%. H-Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was -325.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. H-Power's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was -18.02%.

H-Power  (LSE:HPOW) EBIT Explanation

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

H-Power's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=-15.192 * ( 1 - 20.48% )/( (16.904 + 20.741)/ 2 )
=-12.0806784/18.8225
=-64.18 %

where

Invested Capital(Q: Oct. 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))
=42.445 - 1.072 - ( 25.317 - max(0, 5.93 - 30.399+25.317))
=16.904

Invested Capital(Q: Apr. 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))
=39.204 - 1.447 - ( 17.439 - max(0, 6.688 - 23.704+17.439))
=20.741

Note: The Operating Income data used here is two times the semi-annual (Apr. 2026) data.

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

H-Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-14.552/( ( (2.683 + max(-1.172, 0)) + (3.232 + max(3.04, 0)) )/ 2 )
=-14.552/( ( 2.683 + 6.272 )/ 2 )
=-14.552/4.4775
=-325.00 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.387 + 0 + 4.167) - (1.072 + 0 + 4.654)
=-1.172

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.115 + 0.007 + 6.028) - (1.447 + 0 + 4.663)
=3.04

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Apr. 2026) EBIT data.

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

H-Power's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2026 )
=-21.072/116.933
=-18.02 %

* 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.

H-Power EBIT Related Terms

H-Power EBIT Historical Data

* Premium members only.

The historical data trend for H-Power'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.

H-Power EBIT Chart

H-Power Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.41 -19.45 -19.49 -19.27 -25.43

H-Power Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.43 -9.84 -11.63 -13.80 -7.28

LSE:HPOW vs VRT, BE: EBIT Comparison

For the Electrical Equipment & Parts subindustry, H-Power'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.

H-Power EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, H-Power's EV-to-EBIT distribution charts can be found below:

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


LSE:HPOW
36GF Score
H-Power PLC LSE:HPOW
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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H-Power 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 Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-21.07 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 £-21.07 Mil mean?
H-Power (LSE:HPOW) has a EBIT of £-21.07 Mil as of Apr. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on H-Power.
Is H-Power's EBIT too high?
H-Power's current EBIT is £-21.07 Mil. Overall, H-Power has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does H-Power's EBIT compare to VRT and BE?
H-Power's EBIT of £-21.07 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good EBIT depends on the Industrial Products 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 H-Power. H-Power's current EBIT is £-21.07 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H-Power stock overvalued right now?
H-Power (LSE:HPOW) has a current EBIT of £-21.07 Mil. The current EBIT is £-21.07 Mil. H-Power's overall GF Score™ is 36/100 with 4 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 H-Power (LSE:HPOW), the current EBIT is £-21.07 Mil as of Apr. 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.

H-Power Business Description

Address Dunsfold Park, Unit 68.3, Canada Avenue, Cranleigh, Surrey, GBR, GU6 8TB
H-Power PLC is a provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Its products include decentralised ammonia cracker systems and fuel cell generators designed to supply low-carbon hydrogen and power for industrial and off-grid applications. The company focuses on the commercial rollout of its hydrogen and power technologies and the development of modular ammonia cracker systems and fuel cell-based power solutions. Its technologies are intended to provide alternatives to conventional diesel-based power generation systems.
36GF Score

Get the complete analysis for LSE:HPOW

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

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