RYAAY (Ryanair Holdings) EBIT: $2,879 Mil (TTM As of Mar. 2026)


RYAAY Ryanair Holdings PLC RYAAY
84 GF Score
Price $63.73
GF Value $59.55
Valuation Fairly Valued
! 1 Warning Sign
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What is Ryanair Holdings EBIT?

Ryanair Holdings RYAAY +2.23% 84 EBIT is $2,879 Mil as of Mar. 2026. GuruFocus rates RYAAY with a GF Score™ of 84/100 and a GF Value™ of $59.55 (Fairly Valued). The stock has 1 warning sign investors should review.

Ryanair Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-581 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $2,879 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ryanair Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was -12.47%. Ryanair Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -17.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ryanair Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.35%.

Ryanair Holdings  (NAS:RYAAY) EBIT Explanation

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

Ryanair Holdings'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 )
=-2726.012 * ( 1 - 19.73% )/( (15606.088 + 19495.491)/ 2 )
=-2188.1698324/17550.7895
=-12.47 %

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))
=18786.885 - 5704.801 - ( 2800.585 - max(0, 7563.7 - 5039.696+2800.585))
=15606.088

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))
=22829.711 - 4291.329 - ( 4099.191 - max(0, 9910.751 - 8953.642+4099.191))
=19495.491

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

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

Ryanair Holdings'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 )
=-2324.16/( ( (13245.55 + max(-3879.507, 0)) + (13319.306 + max(-3624.392, 0)) )/ 2 )
=-2324.16/( ( 13245.55 + 13319.306 )/ 2 )
=-2324.16/13282.428
=-17.50 %

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)
=(129.274 + 6.206 + 2103.631) - (5704.801 + 0 + 413.817)
=-3879.507

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(51.098 + 5.549 + 4797.804) - (4291.329 + 3953.295 + 234.219)
=-3624.392

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:

Ryanair Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2878.652/30799.549
=9.35 %

* 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.

Ryanair Holdings EBIT Related Terms

Ryanair Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Ryanair Holdings'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.

Ryanair Holdings EBIT Chart

Ryanair Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -372.69 1,626.66 2,403.26 2,000.97 2,845.20

Ryanair Holdings 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 -212.11 1,053.40 2,285.45 120.84 -581.04

RYAAY vs DAL, UAL, LUV: EBIT Comparison

For the Airlines subindustry, Ryanair Holdings'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.

Ryanair Holdings EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Ryanair Holdings's EV-to-EBIT distribution charts can be found below:

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


RYAAY
84GF Score
Ryanair Holdings PLC RYAAY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Ryanair Holdings 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 $2,879 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 $2,879 Mil mean?
Ryanair Holdings (RYAAY) has a EBIT of $2,879 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ryanair Holdings.
Is Ryanair Holdings' EBIT too high?
Ryanair Holdings' current EBIT is $2,879 Mil. Overall, Ryanair Holdings has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ryanair Holdings' EBIT compare to DAL and UAL?
Ryanair Holdings' EBIT of $2,879 Mil can be compared against companies in the Transportation 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 Transportation company?
A good EBIT depends on the Transportation 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 Ryanair Holdings. Ryanair Holdings's current EBIT is $2,879 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ryanair Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ryanair Holdings (RYAAY) is currently considered Fairly Valued. The stock's GF Value™ is $59.55, compared to a current price of $63.73 — trading 7% above its estimated fair value. The current EBIT is $2,879 Mil. Ryanair Holdings' overall GF Score™ is 84/100 with 1 warning sign 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 Ryanair Holdings (RYAAY), the current EBIT is $2,879 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.

Is Ryanair Holdings (RYAAY) Overvalued in 2026?

Based on GuruFocus' analysis, Ryanair Holdings stock appears to be overvalued. The current stock price of $63.73 is trading 7% above its estimated GF Value™ of $59.55. GuruFocus considers Ryanair Holdings to be Fairly Valued.

Key valuation signals for RYAAY:

  • EBIT: $2,879 Mil
  • GF Value™: $59.55 vs. price of $63.73 (7% above fair value)
  • GF Score™: 84/100 with 1 warning sign

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

Ryanair Holdings Business Description

Address Airside Business Park, Swords, County Dublin, Dublin, IRL, K67 NY94
Ryanair is Europe's largest low-cost airline, known for its extensive network and highly efficient business model. Operating over 3,600 flights daily across 240-plus destinations in 40 countries, Ryanair has built its success on offering affordable air travel while maintaining tight control over costs. The airline primarily uses Boeing 737 aircraft, including the newer 737 8-200 "Gamechanger" variant, which simplifies operations and reduces expenses. Ryanair focuses on high passenger volume, ancillary revenue, and operational efficiency, ensuring its position as a leading airline in Europe.
84GF Score

Get the complete analysis for RYAAY

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

$63.73
Price
$59.55
GF Value