ACHR (Archer Aviation) Operating Income: $-839.90 Mil (TTM As of Mar. 2026)

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ACHR Archer Aviation Inc ACHR
31 GF Score
Price $4.81
! 2 Warning Signs
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What is Archer Aviation Operating Income?

Archer Aviation ACHR -0.90% 31 Operating Income is $-839.90 Mil as of Mar. 2026. GuruFocus rates ACHR with a GF Score™ of 31/100. The stock has 2 warning signs investors should review.

Archer Aviation's Operating Income for the three months ended in Mar. 2026 was $-254.60 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-839.90 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Archer Aviation's Operating Income for the three months ended in Mar. 2026 was $-254.60 Mil. Archer Aviation's Revenue for the three months ended in Mar. 2026 was $1.60 Mil. Therefore, Archer Aviation's Operating Margin % for the quarter that ended in Mar. 2026 was -15,912.50%.

Archer Aviation's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Archer Aviation's annualized ROC % for the quarter that ended in Mar. 2026 was -221.87%. Archer Aviation's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -313.26%.


Archer Aviation  (NYSE:ACHR) Operating Income Explanation

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

Archer Aviation'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 )
=-1018.4 * ( 1 - 0% )/( (443.1 + 474.9)/ 2 )
=-1018.4/459
=-221.87 %

where

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

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

Archer Aviation'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 )
=-1018.4/( ( (294.4 + max(13.1, 0)) + (317.9 + max(24.8, 0)) )/ 2 )
=-1018.4/( ( 307.5 + 342.7 )/ 2 )
=-1018.4/325.1
=-313.26 %

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 + 0 + 111.4) - (58.1 + 1.3 + 38.9)
=13.1

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 123.9) - (72 + 1.3 + 25.8)
=24.8

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. Operating Income is also linked to Operating Margin %:

Archer Aviation's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-254.6/1.6
=-15,912.50 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Archer Aviation Operating Income Related Terms


Archer Aviation Operating Income Historical Data

* Premium members only.

The historical data trend for Archer Aviation's Operating Income 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.

Archer Aviation Operating Income Chart

Archer Aviation Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -241.00 -336.60 -444.80 -509.70 -729.30

Archer Aviation Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income 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 -144.00 -176.10 -174.80 -234.40 -254.60
ACHR
31GF Score
Archer Aviation Inc ACHR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Archer Aviation Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income 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 $-839.90 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 Operating Income →
What does a Operating Income of $-839.90 Mil mean?
Archer Aviation (ACHR) has a Operating Income of $-839.90 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Archer Aviation and its competitors.
Is Archer Aviation's Operating Income too high?
Archer Aviation's current Operating Income is $-839.90 Mil. Overall, Archer Aviation has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Archer Aviation's Operating Income compare to BETA and AADX?
Archer Aviation's Operating Income of $-839.90 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Archer Aviation and its competitors. Archer Aviation's current Operating Income is $-839.90 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Archer Aviation stock overvalued right now?
Archer Aviation (ACHR) has a current Operating Income of $-839.90 Mil. The current Operating Income is $-839.90 Mil. Archer Aviation's overall GF Score™ is 31/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Archer Aviation (ACHR), the current Operating Income is $-839.90 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.

Archer Aviation Business Description

Other Exchanges ACHR:MexicoA1C0:Germany
Address 190 West Tasman Drive, San Jose, CA, USA, 95134
Archer Aviation Inc advances the benefits of sustainable air mobility. The company is engaged in designing and developing a fully electric vertical takeoff and landing eVTOL aircraft for use in UAM networks. It is creating an electric airline that moves people throughout cities in a quick, safe, sustainable, and cost-effective manner. The company is building a platform to deliver aircraft, technologies, and services to customers world-wide across commercial and defense sectors.
31GF Score

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

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