Cathay Pacific Airways (STU:CTY) EBIT: €1,703 Mil (TTM As of Dec. 2025)


STU:CTY Cathay Pacific Airways Ltd STU:CTY
76 GF Score
Price €1.39
GF Value €1.46
Valuation Fairly Valued
! 2 Warning Signs
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What is Cathay Pacific Airways EBIT?

Cathay Pacific Airways STU:CTY +3.49% 76 EBIT is €1,703 Mil as of Dec. 2025. GuruFocus rates STU:CTY with a GF Score™ of 76/100 and a GF Value™ of €1.46 (Fairly Valued). The stock has 2 warning signs investors should review.

Cathay Pacific Airways's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €1,039 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €1,703 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cathay Pacific Airways's annualized ROC % for the quarter that ended in Dec. 2025 was 7.74%. Cathay Pacific Airways's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 16.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cathay Pacific Airways's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.24%.


Cathay Pacific Airways  (STU:CTY) EBIT Explanation

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

Cathay Pacific Airways'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 )
=1788.386 * ( 1 - 10.16% )/( (20523.507 + 21016.447)/ 2 )
=1606.6859824/20769.977
=7.74 %

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))
=18812.506 - 2092.328 - ( 984.138 - max(0, 5838.105 - 2034.776+984.138))
=20523.507

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))
=19432.649 - 2423.772 - ( 1348.808 - max(0, 6480.403 - 2472.833+1348.808))
=21016.447

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:

Cathay Pacific Airways'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 )
=2077.706/( ( (12823.395 + max(-3822.22, 0)) + (12935.562 + max(-4154.316, 0)) )/ 2 )
=2077.706/( ( 12823.395 + 12935.562 )/ 2 )
=2077.706/12879.4785
=16.13 %

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)
=(547.467 + 178.181 + 15.023) - (2092.328 + 0 + 2470.563)
=-3822.22

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(573.811 + 204.588 + 21.183) - (2423.772 + 0 + 2530.126)
=-4154.316

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:

Cathay Pacific Airways's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=1703.193/13909.793
=12.24 %

* 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.


Cathay Pacific Airways EBIT Related Terms


Cathay Pacific Airways EBIT Historical Data

* Premium members only.

The historical data trend for Cathay Pacific Airways'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.

Cathay Pacific Airways EBIT Chart

Cathay Pacific Airways 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 -405.22 -374.19 1,740.00 1,855.11 1,698.93

Cathay Pacific Airways 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 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 952.84 735.11 1,095.87 664.34 1,038.85

STU:CTY vs DAL, UAL, LUV: EBIT Comparison

For the Airlines subindustry, Cathay Pacific Airways'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.


Cathay Pacific Airways EV-to-EBIT vs Transportation Industry

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

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


STU:CTY
76GF Score
Cathay Pacific Airways Ltd STU:CTY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Cathay Pacific Airways 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 €1,703 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 €1,703 Mil mean?
Cathay Pacific Airways (STU:CTY) has a EBIT of €1,703 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cathay Pacific Airways.
Is Cathay Pacific Airways' EBIT too high?
Cathay Pacific Airways' current EBIT is €1,703 Mil. Overall, Cathay Pacific Airways has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cathay Pacific Airways' EBIT compare to DAL and UAL?
Cathay Pacific Airways' EBIT of €1,703 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 Cathay Pacific Airways. Cathay Pacific Airways's current EBIT is €1,703 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cathay Pacific Airways stock overvalued right now?
Based on GuruFocus' analysis, Cathay Pacific Airways (STU:CTY) is currently considered Fairly Valued. The stock's GF Value™ is €1.46, compared to a current price of €1.39 — trading 4.5% below its estimated fair value. The current EBIT is €1,703 Mil. Cathay Pacific Airways' overall GF Score™ is 76/100 with 2 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 Cathay Pacific Airways (STU:CTY), the current EBIT is €1,703 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 Cathay Pacific Airways (STU:CTY) Overvalued in 2026?

Based on GuruFocus' analysis, Cathay Pacific Airways stock appears to be undervalued. The current stock price of €1.39 is trading 4.5% below its estimated GF Value™ of €1.46. GuruFocus considers Cathay Pacific Airways to be Fairly Valued.

Key valuation signals for STU:CTY:

  • EBIT: €1,703 Mil
  • GF Value™: €1.46 vs. price of €1.39 (4.5% below fair value)
  • GF Score™: 76/100 with 2 warning signs

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


Cathay Pacific Airways Business Description

Address 88 Queensway, 33rd Floor, One Pacific Place, Hong Kong, HKG
Cathay Pacific is Hong Kong's largest airline group, operating a fleet of 237 aircraft as of December 2025 and serving over 100 destinations globally. As of March 2026, its largest shareholders remain Swire Pacific and Air China, with stakes of 45% and 29%, respectively. The group operates the full-service carrier Cathay Pacific, low-cost carrier HK Express, and cargo operator Air Hong Kong.
76GF Score

Get the complete analysis for STU:CTY

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

€1.39
Price
€1.46
GF Value