NMDC Group PJSC (ADX:NMDC) Operating Income: د.إ4,187 Mil (TTM As of Jun. 2026)

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ADX:NMDC NMDC Group PJSC ADX:NMDC
86 GF Score
Price د.إ22.64
GF Value د.إ27.36
Valuation Modestly Undervalued
! 5 Warning Signs
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What is NMDC Group PJSC Operating Income?

NMDC Group PJSC ADX:NMDC -0.26% 86 Operating Income is د.إ4,187 Mil as of Jun. 2026. GuruFocus rates ADX:NMDC with a GF Score™ of 86/100 and a GF Value™ of د.إ27.36 (Modestly Undervalued). The stock has 5 warning signs investors should review.

NMDC Group PJSC's Operating Income for the three months ended in Jun. 2026 was د.إ1,314 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was د.إ4,187 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. NMDC Group PJSC's Operating Income for the three months ended in Jun. 2026 was د.إ1,314 Mil. NMDC Group PJSC's Revenue for the three months ended in Jun. 2026 was د.إ7,488 Mil. Therefore, NMDC Group PJSC's Operating Margin % for the quarter that ended in Jun. 2026 was 17.55%.

Good Sign:

NMDC Group PJSC operating margin is expanding. Margin expansion is usually a good sign.

NMDC Group PJSC's 5-Year average Growth Rate for Operating Margin % was 24.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NMDC Group PJSC's annualized ROC % for the quarter that ended in Jun. 2026 was 15.57%. NMDC Group PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 72.74%.


NMDC Group PJSC  (ADX:NMDC) Operating Income Explanation

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

NMDC Group PJSC's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=5256.328 * ( 1 - 16.23% )/( (28587.778 + 27981.546)/ 2 )
=4403.2259656/28284.662
=15.57 %

where

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))
=39662.844 - 4744.524 - ( 7504.796 - max(0, 23039.797 - 29370.339+7504.796))
=28587.778

Invested Capital(Q: Jun. 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))
=39432.398 - 5138.355 - ( 6312.497 - max(0, 21465.774 - 28518.002+6312.497))
=27981.546

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

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

NMDC Group PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5878.252/( ( (7967.485 + max(-7780.207, 0)) + (8194.427 + max(-6390.624, 0)) )/ 2 )
=5878.252/( ( 7967.485 + 8194.427 )/ 2 )
=5878.252/8080.956
=72.74 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9361.602 + 883.695 + 3517.69) - (4744.524 + 0 + 16798.67)
=-7780.207

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9492.805 + 1144.492 + 3879.99) - (5138.355 + 0 + 15769.556)
=-6390.624

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

NMDC Group PJSC's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=1314.082/7487.785
=17.55 %

* 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.


NMDC Group PJSC Operating Income Related Terms


NMDC Group PJSC Operating Income Historical Data

* Premium members only.

The historical data trend for NMDC Group PJSC'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.

NMDC Group PJSC Operating Income Chart

NMDC Group PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 909.16 987.04 1,932.15 3,307.56 4,410.56

NMDC Group PJSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1,123.23 954.91 1,451.82 466.01 1,314.08
ADX:NMDC
86GF Score
NMDC Group PJSC ADX:NMDC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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NMDC Group PJSC 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ4,187 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.إ4,187 Mil mean?
NMDC Group PJSC (ADX:NMDC) has a Operating Income of د.إ4,187 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on NMDC Group PJSC and its competitors.
Is NMDC Group PJSC's Operating Income too high?
NMDC Group PJSC's current Operating Income is د.إ4,187 Mil. Overall, NMDC Group PJSC has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NMDC Group PJSC's Operating Income compare to PWR and FIX?
NMDC Group PJSC's Operating Income of د.إ4,187 Mil can be compared against companies in the Construction 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 a Construction company?
A good Operating Income depends on the Construction 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 NMDC Group PJSC and its competitors. NMDC Group PJSC's current Operating Income is د.إ4,187 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMDC Group PJSC stock overvalued right now?
Based on GuruFocus' analysis, NMDC Group PJSC (ADX:NMDC) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ27.36, compared to a current price of د.إ22.64 — trading 17.3% below its estimated fair value. The current Operating Income is د.إ4,187 Mil. NMDC Group PJSC's overall GF Score™ is 86/100 with 5 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 NMDC Group PJSC (ADX:NMDC), the current Operating Income is د.إ4,187 Mil as of Jun. 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.

Is NMDC Group PJSC (ADX:NMDC) Overvalued in 2026?

Based on GuruFocus' analysis, NMDC Group PJSC stock appears to be undervalued. The current stock price of د.إ22.64 is trading 17.3% below its estimated GF Value™ of د.إ27.36. GuruFocus considers NMDC Group PJSC to be Modestly Undervalued.

Key valuation signals for ADX:NMDC:

  • Operating Income: د.إ4,187 Mil
  • GF Value™: د.إ27.36 vs. price of د.إ22.64 (17.3% below fair value)
  • GF Score™: 86/100 with 5 warning signs

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


NMDC Group PJSC Business Description

Address Mussafah Street 16, P.O. Box 3649, Abu Dhabi, ARE
NMDC Group PJSC operates as an integrated provider of Engineering, Procurement and Construction (EPC) services for onshore, offshore, and marine projects. The company's activities include marine dredging, logistics, and technical services, and marine engineering and construction. Geographically, it operates across the Middle East, Southeast Asia, and other international markets. The company's operations are structured under five business units: NMDC Dredging & Marine, NMDC Energy, NMDC Infra, NMDC Logistics & Technical Services, and NMDC Engineering. It has aggregated its segments into Dredging & Marine and Energy, with the majority of revenue from the Energy segment.
86GF Score

Get the complete analysis for ADX:NMDC

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

د.إ22.64
Price
د.إ27.36
GF Value