SSLZY (Santos) EBIT: $1,509 Mil (TTM As of Dec. 2025)

What is Santos EBIT?

Santos SSLZY -2.93% 79 EBIT is $1,509 Mil as of Dec. 2025. GuruFocus rates SSLZY with a GF Score™ of 79/100 and a GF Value™ of $4.71 (Fairly Valued). The stock has 5 warning signs investors should review.

Santos's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $803 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $1,509 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Santos's annualized ROC % for the quarter that ended in Dec. 2025 was 2.41%. Santos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.68%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Santos's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.88%.

Santos (OTCPK:SSLZY) EBIT Explanation

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

Santos'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 )
=	1134 * ( 1 - 39.46% )	/	( (28412	+	28576)	/ 2 )
=	686.5236	/	28494
=	2.41 %

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	))
=	29878	-	818	-	( 1892	-	max(0, 2416	-	3064	+	1892	))
=	28412

	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	))
=	30530	-	935	-	( 1734	-	max(0, 1938	-	2957	+	1734	))
=	28576

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:

Santos'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 )
=	1606	/	( ( (23400 + max(-319, 0))	+	(24674 + max(-752, 0)) )	/	2 )
=	1606	/	( ( 23400	+	24674 )	/	2 )
=	1606	/	24037
=	6.68 %

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)
=	(670	+	415	+	87)	-	(818	+	86	+	587)
=	-319

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(379	+	386	+	157)	-	(935	+	231	+	508)
=	-752

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	1509	/	21924.148
	=	6.88 %

* 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.

Santos EBIT Related Terms

Santos EBIT Historical Data

* Premium members only.

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

Santos EBIT Chart

Santos Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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1,409.00

3,220.00

2,110.00

1,995.00

1,509.00

Santos 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															982.00	993.00	1,002.00	706.00	803.00

SSLZY vs COP, EOG, OXY: EBIT Comparison

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

Santos EV-to-EBIT vs Oil & Gas Industry

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

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

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79GF Score

Santos Ltd SSLZY

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

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Santos 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 $1,509 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $1,509 Mil mean?

Santos (SSLZY) has a EBIT of $1,509 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Santos.

Is Santos' EBIT too high?

Santos' current EBIT is $1,509 Mil. Overall, Santos has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Santos' EBIT compare to COP and EOG?

Santos' EBIT of $1,509 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 Santos. Santos's current EBIT is $1,509 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Santos stock overvalued right now?

Based on GuruFocus' analysis, Santos (SSLZY) is currently considered Fairly Valued. The stock's GF Value™ is $4.71, compared to a current price of $4.97 — trading 5.5% above its estimated fair value. The current EBIT is $1,509 Mil. Santos' overall GF Score™ is 79/100 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 Santos (SSLZY), the current EBIT is $1,509 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 Santos (SSLZY) Overvalued in 2026?

Based on GuruFocus' analysis, Santos stock appears to be overvalued. The current stock price of $4.97 is trading 5.5% above its estimated GF Value™ of $4.71. GuruFocus considers Santos to be Fairly Valued.

Key valuation signals for SSLZY:

EBIT: $1,509 Mil
GF Value™: $4.71 vs. price of $4.97 (5.5% above fair value)
GF Score™: 79/100 with 5 warning signs

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

Santos Business Description

Industry Energy Oil & Gas

Comparable Companies ASX:BPT ASX:KAR ASX:AEL ASX:STX ASX:BTL ASX:HZN ASX:OMA ASX:CVN ASX:FDR ASX:EXR HKSE:00883 COP TSX:CNQ EOG OXY FANG DVN ASX:WDS EQT TPL

Other Exchanges STOSF:USA STS1:Germany STO:Australia

Address 60 Flinders Street, Ground Floor Santos Centre, Adelaide, SA, AUS, 5000

Website https://www.santos.com

Santos was founded in 1954. The company's name is an acronym for South Australia Northern Territory Oil Search. The first Cooper Basin gas discovery came in 1963, with initial supplies in 1969. Santos became a major enterprise, though over-reliance on the Cooper Basin, along with the Moomba field's inexorable decline, saw it struggle to maintain relevance in the first decade of the 21st century. However, the stage was set for a renaissance via conversion of coal seam gas into LNG in Queensland and conventional gas to LNG in PNG.

79GF Score

Get the complete analysis for SSLZY

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

$4.97

Price

$4.71

GF Value

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