NextSource Materials (TSX:NEXT) EBIT: C$-41.50 Mil (TTM As of Mar. 2026)

What is NextSource Materials EBIT?

NextSource Materials TSX:NEXT 14 EBIT is C$-41.50 Mil as of Mar. 2026. GuruFocus rates TSX:NEXT with a GF Score™ of 14/100. The stock has 7 warning signs investors should review.

NextSource Materials's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was C$-5.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was C$-41.50 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NextSource Materials's annualized ROC % for the quarter that ended in Mar. 2026 was -15.70%. NextSource Materials's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -22.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NextSource Materials's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -34.82%.

NextSource Materials (TSX:NEXT) EBIT Explanation

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

NextSource Materials'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 )
=	-23.196 * ( 1 - 0% )	/	( (142.488	+	152.978)	/ 2 )
=	-23.196	/	147.733
=	-15.70 %

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	))
=	112.037	-	7.147	-	( 4.114	-	max(0, 53.733	-	16.135	+	4.114	))
=	142.488

	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	))
=	138.057	-	7.119	-	( 22.56	-	max(0, 58.224	-	36.184	+	22.56	))
=	152.978

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

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

NextSource Materials'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 )
=	-22.084	/	( ( (95.901 + max(0.58900000000001, 0))	+	(101.874 + max(2.163, 0)) )	/	2 )
=	-22.084	/	( ( 96.49	+	104.037 )	/	2 )
=	-22.084	/	100.2635
=	-22.03 %

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)
=	(0.401	+	7.522	+	4.098)	-	(7.147	+	0	+	4.285)
=	0.58900000000001

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.568	+	8.435	+	4.621)	-	(7.119	+	0	+	4.342)
=	2.163

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	-41.504	/	119.206
	=	-34.82 %

* 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.

NextSource Materials EBIT Related Terms

NextSource Materials EBIT Historical Data

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

NextSource Materials EBIT Chart

NextSource Materials Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

EBIT

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-51.27

20.66

-14.93

-11.63

-27.52

NextSource Materials 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															-2.64	-16.81	-8.26	-10.91	-5.52

NextSource Materials EBIT Competitor Comparison

For the Other Industrial Metals & Mining subindustry, NextSource Materials'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.

NextSource Materials EV-to-EBIT vs Metals & Mining Industry

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

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

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14GF Score

NextSource Materials Inc TSX:NEXT

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NextSource Materials 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$-41.50 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of C$-41.50 Mil mean?

NextSource Materials (TSX:NEXT) has a EBIT of C$-41.50 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NextSource Materials.

Is NextSource Materials' EBIT too high?

NextSource Materials' current EBIT is C$-41.50 Mil. Overall, NextSource Materials has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.

How does NextSource Materials' EBIT compare to competitors?

NextSource Materials' EBIT of C$-41.50 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 NextSource Materials. NextSource Materials's current EBIT is C$-41.50 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is NextSource Materials stock overvalued right now?

NextSource Materials (TSX:NEXT) has a current EBIT of C$-41.50 Mil. The current EBIT is C$-41.50 Mil. NextSource Materials' overall GF Score™ is 14/100 with 7 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 NextSource Materials (TSX:NEXT), the current EBIT is C$-41.50 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.

NextSource Materials Business Description

Industry Basic Materials Metals & Mining

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Other Exchanges NSRCF:USA 1JWA:Germany

Address 130 King Street West, Exchange Tower, Suite 1940, Toronto, ON, CAN, M5X 2A2

Website https://www.nextsourcematerials.com

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The Company has two operating segments, consisting of mine development and BAF development. No commercial revenues have been generated by the Companys' segments. The company's Molo graphite project in Madagascar is one of the widely known and highest-quality graphite deposits globally and contains SuperFlake graphite. It also holds an interest in Green Giant Vanadium Project. Maximum of revenue is earned from Canada, followed by Madagascar, and Mauritius.

14GF Score

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C$0.34

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