Investcorp Capital (ADX:ICAP) Operating Income: د.إ415.0 Mil (TTM As of Mar. 2026)

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ADX:ICAP Investcorp Capital PLC ADX:ICAP
27 GF Score
Price د.إ1.62
! 10 Warning Signs
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What is Investcorp Capital Operating Income?

Investcorp Capital ADX:ICAP 27 Operating Income is د.إ415.0 Mil as of Mar. 2026. GuruFocus rates ADX:ICAP with a GF Score™ of 27/100. The stock has 10 warning signs investors should review.

Investcorp Capital's Operating Income for the three months ended in Mar. 2026 was د.إ66.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was د.إ415.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Investcorp Capital's Operating Income for the three months ended in Mar. 2026 was د.إ66.1 Mil. Investcorp Capital's Revenue for the three months ended in Mar. 2026 was د.إ73.5 Mil. Therefore, Investcorp Capital's Operating Margin % for the quarter that ended in Mar. 2026 was 90.00%.

Investcorp Capital'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. Investcorp Capital's annualized ROC % for the quarter that ended in Mar. 2026 was 3.71%. Investcorp Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 86.23%.

Investcorp Capital  (ADX:ICAP) Operating Income Explanation

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

Investcorp Capital'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 )
=264.456 * ( 1 - 0% )/( (7041.151 + 7221.128)/ 2 )
=264.456/7131.1395
=3.71 %

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))
=7191.744 - 150.593 - ( 0 - max(0, 150.593 - 969.673+0))
=7041.151

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))
=7518.641 - 297.513 - ( 0 - max(0, 297.513 - 1234.13+0))
=7221.128

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

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

Investcorp Capital'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 )
=264.456/( ( (0 + max(297.514, 0)) + (0 + max(315.879, 0)) )/ 2 )
=264.456/( ( 297.514 + 315.879 )/ 2 )
=264.456/306.6965
=86.23 %

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)
=(448.107 + 0 + 0) - (150.593 + 0 + 0)
=297.514

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(613.392 + 0 + 0) - (297.513 + 0 + 0)
=315.879

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 %:

Investcorp Capital'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 )
=66.114/73.46
=90.00 %

* 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.

Investcorp Capital Operating Income Related Terms

Investcorp Capital Operating Income Historical Data

* Premium members only.

The historical data trend for Investcorp Capital'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.

Investcorp Capital Operating Income Chart

Investcorp Capital Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
473.82 323.22 389.34 429.74 396.69

Investcorp Capital Quarterly Data
Jun21 Jun22 Dec22 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 77.13 183.65 77.13 88.15 66.11
ADX:ICAP
27GF Score
Investcorp Capital PLC ADX:ICAP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Investcorp Capital 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 د.إ415.0 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 د.إ415.0 Mil mean?
Investcorp Capital (ADX:ICAP) has a Operating Income of د.إ415.0 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Investcorp Capital and its competitors.
Is Investcorp Capital's Operating Income too high?
Investcorp Capital's current Operating Income is د.إ415.0 Mil. Overall, Investcorp Capital has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Investcorp Capital's Operating Income compare to BLK and BX?
Investcorp Capital's Operating Income of د.إ415.0 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good Operating Income depends on the Asset Management 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 Investcorp Capital and its competitors. Investcorp Capital's current Operating Income is د.إ415.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investcorp Capital stock overvalued right now?
Investcorp Capital (ADX:ICAP) has a current Operating Income of د.إ415.0 Mil. The current Operating Income is د.إ415.0 Mil. Investcorp Capital's overall GF Score™ is 27/100 with 10 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 Investcorp Capital (ADX:ICAP), the current Operating Income is د.إ415.0 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.

Investcorp Capital Business Description

Address Al Sila Tower 8th Floor, P.O. Box 36961, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, ARE
Investcorp Capital PLC is a company whose main purpose is providing of capital and capital financing services in the alternative investments industry. The company has two reportable segments: Capital Financing Services and Capital Deployment.
27GF 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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