SPLP (Steel Partners Holdings LP) EBIT: $384 Mil (TTM As of Sep. 2025)


SPLP Steel Partners Holdings LP SPLP
66 GF Score
Price $50.00
GF Value $51.26
! 4 Warning Signs
View Full Analysis

What is Steel Partners Holdings LP EBIT?

Steel Partners Holdings LP SPLP -0.20% 66 EBIT is $384 Mil as of Sep. 2025. GuruFocus rates SPLP with a GF Score™ of 66/100 and a GF Value™ of $51.26. The stock has 4 warning signs investors should review.

Steel Partners Holdings LP's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2025 was $118 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2025 was $384 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Steel Partners Holdings LP's annualized ROC % for the quarter that ended in Sep. 2025 was 8.83%. Steel Partners Holdings LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 136.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 62.56%.


Steel Partners Holdings LP  (OTCPK:SPLP) EBIT Explanation

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

Steel Partners Holdings LP's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=367.708 * ( 1 - 26.13% )/( (3031.418 + 3119.936)/ 2 )
=271.6258996/3075.677
=8.83 %

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))
=3646.324 - 268.456 - ( 346.45 - max(0, 1950.888 - 2434.13+346.45))
=3031.418

Invested Capital(Q: Sep. 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))
=3856.603 - 276.199 - ( 460.468 - max(0, 2088.72 - 2805.072+460.468))
=3119.936

Note: The Operating Income data used here is four times the quarterly (Sep. 2025) data.

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

Steel Partners Holdings LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=473.464/( ( (348.975 + max(-794.653, 0)) + (344.072 + max(-749.654, 0)) )/ 2 )
=473.464/( ( 348.975 + 344.072 )/ 2 )
=473.464/346.5235
=136.63 %

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)
=(236.425 + 203.088 + 716.722) - (268.456 + 0 + 1682.432)
=-794.653

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(238.549 + 205.121 + 895.396) - (276.199 + 0 + 1812.521)
=-749.654

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2025) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2025 )
=383.741/613.434
=62.56 %

* 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.


Steel Partners Holdings LP EBIT Related Terms


Steel Partners Holdings LP EBIT Historical Data

* Premium members only.

The historical data trend for Steel Partners Holdings LP'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.

Steel Partners Holdings LP EBIT Chart

Steel Partners Holdings LP Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 166.65 230.81 313.05 260.04 320.60

Steel Partners Holdings LP Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 77.74 81.11 59.52 124.75 118.37

SPLP vs MATW, DLX, FIP: EBIT Comparison

For the Conglomerates subindustry, Steel Partners Holdings LP'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.


Steel Partners Holdings LP EV-to-EBIT vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's EV-to-EBIT distribution charts can be found below:

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


SPLP
66GF Score
Steel Partners Holdings LP SPLP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Steel Partners Holdings LP 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 Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $384 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 $384 Mil mean?
Steel Partners Holdings LP (SPLP) has a EBIT of $384 Mil as of Sep. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Steel Partners Holdings LP.
Is Steel Partners Holdings LP's EBIT too high?
Steel Partners Holdings LP's current EBIT is $384 Mil. Overall, Steel Partners Holdings LP has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Steel Partners Holdings LP's EBIT compare to MATW and DLX?
Steel Partners Holdings LP's EBIT of $384 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good EBIT depends on the Conglomerates 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 Steel Partners Holdings LP. Steel Partners Holdings LP's current EBIT is $384 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Partners Holdings LP stock overvalued right now?
Steel Partners Holdings LP (SPLP) has a current EBIT of $384 Mil. The stock's GF Value™ is $51.26, compared to a current price of $50.00 — trading 2.5% below its estimated fair value. The current EBIT is $384 Mil. Steel Partners Holdings LP's overall GF Score™ is 66/100 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 Steel Partners Holdings LP (SPLP), the current EBIT is $384 Mil as of Sep. 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 Steel Partners Holdings LP (SPLP) Overvalued in 2026?

Based on GuruFocus' analysis, Steel Partners Holdings LP stock appears to be undervalued. The current stock price of $50.00 is trading 2.5% below its estimated GF Value™ of $51.26.

Key valuation signals for SPLP:

  • EBIT: $384 Mil
  • GF Value™: $51.26 vs. price of $50.00 (2.5% below fair value)
  • GF Score™: 66/100 with 4 warning signs

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


Steel Partners Holdings LP Business Description

Other Exchanges SPLPP.PFD:USA
Address 590 Madison Avenue, 32nd Floor, New York, NY, USA, 10022
Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. Its segments include the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, joining materials, tubing, building materials, performance materials etc; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in full range of banking activities; The Supply Chain segment consists of end-to-end world-wide supply; and Corporate and Other consists of equity method and other investments, and cash and cash equivalents.
66GF Score

Get the complete analysis for SPLP

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

$50.00
Price
$51.26
GF Value