Ivanhoe Mines (MEX:IVNN) EBIT: MXN2,200.73 Mil (TTM As of Mar. 2026)


What is Ivanhoe Mines EBIT?

Ivanhoe Mines MEX:IVNN 33 EBIT is MXN2,200.73 Mil as of Mar. 2026. GuruFocus rates MEX:IVNN with a GF Score™ of 33/100. The stock has 5 warning signs investors should review.

Ivanhoe Mines's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was MXN91.07 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN2,200.73 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ivanhoe Mines's annualized ROC % for the quarter that ended in Mar. 2026 was 0.00%. Ivanhoe Mines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Ivanhoe Mines  (MEX:IVNN) EBIT Explanation

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

Ivanhoe Mines'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 )
=147.004 * ( 1 - 100% )/( (123362.777 + 123027.123)/ 2 )
=0/123194.95
=0.00 %

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))
=137308.659 - 2667.472 - ( 15574.57 - max(0, 9160.382 - 20438.792+15574.57))
=123362.777

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))
=136629.17 - 2909.72 - ( 13230.159 - max(0, 8053.548 - 18745.875+13230.159))
=123027.123

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

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

Ivanhoe Mines'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 )
=364.26/( ( (44062.109 + max(-1093.756, 0)) + (44986.411 + max(1533.753, 0)) )/ 2 )
=364.26/( ( 44062.109 + 46520.164 )/ 2 )
=364.26/45291.1365
=0.80 %

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 + 1194.624 + 690.663) - (2667.472 + 230.887 + 80.683999999999)
=-1093.756

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2459.029 + 1335.7 + 902.176) - (2909.72 + 228.979 + 24.453)
=1533.753

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:

Ivanhoe Mines's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2200.731/0.000
= %

* 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.

Ivanhoe Mines EBIT Related Terms

Ivanhoe Mines EBIT Historical Data

* Premium members only.

The historical data trend for Ivanhoe Mines'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.

Ivanhoe Mines EBIT Chart

Ivanhoe Mines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 67.06 6,590.49 4,875.55 3,930.15 4,481.46

Ivanhoe Mines 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 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 2,579.47 416.05 898.65 794.97 91.07

Ivanhoe Mines EBIT Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Ivanhoe Mines'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.

Ivanhoe Mines EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ivanhoe Mines's EV-to-EBIT distribution charts can be found below:

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


Ivanhoe Mines 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 MXN2,200.73 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 MXN2,200.73 Mil mean?
Ivanhoe Mines (MEX:IVNN) has a EBIT of MXN2,200.73 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ivanhoe Mines.
Is Ivanhoe Mines' EBIT too high?
Ivanhoe Mines' current EBIT is MXN2,200.73 Mil. Overall, Ivanhoe Mines has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Ivanhoe Mines' EBIT compare to competitors?
Ivanhoe Mines' EBIT of MXN2,200.73 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good EBIT depends on the Metals & Mining 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 Ivanhoe Mines. Ivanhoe Mines's current EBIT is MXN2,200.73 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ivanhoe Mines stock overvalued right now?
Ivanhoe Mines (MEX:IVNN) has a current EBIT of MXN2,200.73 Mil. The current EBIT is MXN2,200.73 Mil. Ivanhoe Mines' overall GF Score™ is 33/100 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 Ivanhoe Mines (MEX:IVNN), the current EBIT is MXN2,200.73 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.

Ivanhoe Mines Business Description

Address 999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1
Ivanhoe Mines Ltd is a diversified mining company focused on advancing its four principal projects in Southern Africa namely the Kamoa-Kakula Copper Complex, a large, high-grade, stratiform copper deposit, Platreef Project, where the Company discovered thick and high-grade palladium, nickel, platinum, rhodium, copper and gold deposit, The Kipushi Project, a past-producing, high-grade underground zinc-copper-germanium-silverlead mine, The Western Foreland Exploration Project, a group of exploration licences. The Company has four reportable segments, including the Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company's treasury offices.