Black Iron (TSX:BKI) EBIT: C$-2.34 Mil (TTM As of Mar. 2026)

What is Black Iron EBIT?

Black Iron TSX:BKI +4.17% 24 EBIT is C$-2.34 Mil as of Mar. 2026. GuruFocus rates TSX:BKI with a GF Score™ of 24/100. The stock has 3 warning signs investors should review.

Black Iron's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was C$-0.82 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was C$-2.34 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Black Iron's annualized ROC % for the quarter that ended in Mar. 2026 was -72.43%. Black Iron's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -529.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Black Iron's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -5.59%.

Black Iron (TSX:BKI) EBIT Explanation

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

Black Iron'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 )
=	-3.132 * ( 1 - 0% )	/	( (4.352	+	4.296)	/ 2 )
=	-3.132	/	4.324
=	-72.43 %

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	))
=	1.498	-	1.755	-	( 0.782	-	max(0, 5.471	-	0.862	+	0.782	))
=	4.352

	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	))
=	0.988	-	1.74	-	( 0.329	-	max(0, 5.439	-	0.391	+	0.329	))
=	4.296

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

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

Black Iron'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 )
=	-3.264	/	( ( (0.636 + max(-5.261, 0))	+	(0.597 + max(-5.245, 0)) )	/	2 )
=	-3.264	/	( ( 0.636	+	0.597 )	/	2 )
=	-3.264	/	0.6165
=	-529.44 %

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)
=	(0.08	+	0	+	0)	-	(1.755	+	0	+	3.586)
=	-5.261

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.063	+	0	+	-0.001)	-	(1.74	+	0	+	3.567)
=	-5.245

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	-2.335	/	41.783
	=	-5.59 %

* 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.

Black Iron EBIT Related Terms

Black Iron EBIT Historical Data

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

Black Iron EBIT Chart

Black Iron Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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-7.39

-4.72

-2.12

-3.03

-1.93

Black Iron 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															-0.42	-0.40	-0.58	-0.54	-0.82

Black Iron EBIT Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Black Iron'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.

Black Iron EV-to-EBIT vs Metals & Mining Industry

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

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

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Black Iron Inc TSX:BKI

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

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Black Iron 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 C$-2.34 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of C$-2.34 Mil mean?

Black Iron (TSX:BKI) has a EBIT of C$-2.34 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Black Iron.

Is Black Iron's EBIT too high?

Black Iron's current EBIT is C$-2.34 Mil. Overall, Black Iron has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.

How does Black Iron's EBIT compare to competitors?

Black Iron's EBIT of C$-2.34 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 Black Iron. Black Iron's current EBIT is C$-2.34 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Black Iron stock overvalued right now?

Black Iron (TSX:BKI) has a current EBIT of C$-2.34 Mil. The current EBIT is C$-2.34 Mil. Black Iron's overall GF Score™ is 24/100 with 3 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 Black Iron (TSX:BKI), the current EBIT is C$-2.34 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.

Black Iron Business Description

Industry Basic Materials Metals & Mining

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Other Exchanges BKIRF:USA 0ULQ:UK BIN:Germany

Address 198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website https://www.blackiron.com

Black Iron Inc is engaged in the exploration and development of ferrous metals in Ukraine, namely the Shymanivske iron ore project located in Kryvyi Rih, Ukraine. The Shymanivske project is surrounded by five operating iron ore mines, including several owned by Metinvest and ArcelorMittal's iron ore complex.

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C$0.13

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