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AMRC (Ameresco) Operating Income : $101 Mil (TTM As of Sep. 2024)


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What is Ameresco Operating Income?

Ameresco's Operating Income for the three months ended in Sep. 2024 was $35 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $101 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ameresco's Operating Income for the three months ended in Sep. 2024 was $35 Mil. Ameresco's Revenue for the three months ended in Sep. 2024 was $501 Mil. Therefore, Ameresco's Operating Margin % for the quarter that ended in Sep. 2024 was 7.03%.

Ameresco's 5-Year average Growth Rate for Operating Margin % was -0.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ameresco's annualized ROC % for the quarter that ended in Sep. 2024 was 5.20%. Ameresco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.92%.


Ameresco Operating Income Historical Data

The historical data trend for Ameresco'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.

* Premium members only.

Ameresco Operating Income Chart

Ameresco Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.61 73.35 98.47 133.94 84.87

Ameresco Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 20.90 37.56 7.43 20.94 35.19

Ameresco 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $101 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.


Ameresco  (NYSE:AMRC) Operating Income Explanation

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

Ameresco's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=140.756 * ( 1 - -24.28% )/( (3360.089 + 3367.578)/ 2 )
=174.9315568/3363.8335
=5.20 %

where

Invested Capital(Q: Jun. 2024 )
=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))
=3965.102 - 597.444 - ( 150.278 - max(0, 1232.387 - 1239.956+150.278))
=3360.089

Invested Capital(Q: Sep. 2024 )
=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))
=3982.238 - 501.158 - ( 113.502 - max(0, 964.667 - 1224.551+113.502))
=3367.578

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Ameresco's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=134.192/( ( (1898.838 + max(-279.011, 0)) + (1976.974 + max(-89.863, 0)) )/ 2 )
=134.192/( ( 1898.838 + 1976.974 )/ 2 )
=134.192/1937.906
=6.92 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(193.89 + 12.484 + 209.552) - (597.444 + 97.493 + 0)
=-279.011

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(273.764 + 11.973 + 233.578) - (501.158 + 108.02 + 1.1368683772162E-13)
=-89.863

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Ameresco's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=35.189/500.873
=7.03 %

* 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.


Ameresco Operating Income Related Terms

Thank you for viewing the detailed overview of Ameresco's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Ameresco Business Description

Traded in Other Exchanges
Address
111 Speen Street, Suite 410, Framingham, MA, USA, 01701
Ameresco Inc provides energy efficiency solutions for facilities in North America and Europe. It focuses on projects that reduce energy, also focuses on the operations and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco distributes solar energy products and systems, such as PV panels, solar regulators, solar charge controllers, inverters, solar-powered lighting systems, solar-powered water pumps, solar panel mounting hardware, and other system components. The company's segment includes U.S. Regions; U.S. Federal; Canada; Alternative Fuels; Non-Solar DG and All Other. It derives a majority of revenue from the U.S. Regions segment.
Executives
Joseph W. Sutton director 411 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
George P Sakellaris director, 10 percent owner, officer: President and CEO 111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Peter Christakis officer: Executive Vice President C/O AMERESCO, INC., 111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Louis P Maltezos officer: Executive Vice President 411 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
David J Corrsin director, officer: EVP and General Counsel 411 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Michael T Bakas officer: Senior Vice President 111 SPEEN STREET, SUIT 410, FRAMINGHAM MA 01701
Mark Chiplock officer: Vice President & CFO C/O AMERESCO, INC., 111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Spencer Doran Hole officer: SVP and CFO C/O AMERESCO, INC., 111 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Nicole E Bulgarino officer: Senior Vice President C/O AMERESCO, INC., 111 SPEEN ST, SUITE 410, FRAMINGHAM MA 01701
Britta Macintosh officer: Senior Vice President 111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812
Wisneski Francis V Jr director 111 SPEEN STREET, FRAMINGHAM MA 01701
Charles R. Patton director 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Claire D'oyly-hughes Johnson director C/O AMERESCO, INC., 111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812
Douglas I Foy director 411 SPEEN STREET, SUITE 410, FRAMINGHAM MA 01701
Robert Georgeoff officer: Senior Vice President 111 SPEEN STREET, STE. 401, 111 SPEEN STREET, STE. 401, FRAMINGHAM MA 01701-3812