APEUF (Atlas Engineered Products) Operating Income: $-0.20 Mil (TTM As of Mar. 2026)

What is Atlas Engineered Products Operating Income?

Atlas Engineered Products APEUF -2.01% 42 Operating Income is $-0.20 Mil as of Mar. 2026. GuruFocus rates APEUF with a GF Score™ of 42/100 and a GF Value™ of $0.72 (Possible Value Trap). The stock has 6 warning signs investors should review.

Atlas Engineered Products's Operating Income for the three months ended in Mar. 2026 was $-1.60 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.20 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Atlas Engineered Products's Operating Income for the three months ended in Mar. 2026 was $-1.60 Mil. Atlas Engineered Products's Revenue for the three months ended in Mar. 2026 was $6.78 Mil. Therefore, Atlas Engineered Products's Operating Margin % for the quarter that ended in Mar. 2026 was -23.66%.

Warning Sign:

Atlas Engineered Products Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -17.4%.

Atlas Engineered Products's 5-Year average Growth Rate for Operating Margin % was -17.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Atlas Engineered Products's annualized ROC % for the quarter that ended in Mar. 2026 was -8.35%. Atlas Engineered Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -17.00%.

Atlas Engineered Products (OTCPK:APEUF) Operating Income Explanation

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

Atlas Engineered Products'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 )
=	-6.412 * ( 1 - 26.24% )	/	( (53.844	+	59.451)	/ 2 )
=	-4.7294912	/	56.6475
=	-8.35 %

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	))
=	58.36	-	2.781	-	( 1.735	-	max(0, 7.43	-	14.781	+	1.735	))
=	53.844

	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	))
=	63.327	-	3.876	-	( 0	-	max(0, 10.311	-	16.042	+	0	))
=	59.451

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

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

Atlas Engineered Products'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 )
=	-5.636	/	( ( (24.014 + max(7.994, 0))	+	(27.84 + max(6.454, 0)) )	/	2 )
=	-5.636	/	( ( 32.008	+	34.294 )	/	2 )
=	-5.636	/	33.151
=	-17.00 %

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)
=	(6.162	+	5.547	+	0.621)	-	(2.781	+	1.555	+	0)
=	7.994

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.167	+	7.435	+	0.614)	-	(3.876	+	1.886	+	0)
=	6.454

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 %:

Atlas Engineered Products'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 )
	=	-1.603	/	6.776
	=	-23.66 %

* 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.

Atlas Engineered Products Operating Income Related Terms

Atlas Engineered Products Operating Income Historical Data

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The historical data trend for Atlas Engineered Products's Operating Income can be seen below:

Atlas Engineered Products Operating Income Chart

Atlas Engineered Products Annual Data

Trend

Nov15

Nov16

May18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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7.76

9.24

3.95

2.08

0.85

Atlas Engineered Products 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															-0.54	-0.40	1.19	0.61	-1.60

42GF Score

Atlas Engineered Products Ltd APEUF

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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Atlas Engineered Products 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 $-0.20 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-0.20 Mil mean?

Atlas Engineered Products (APEUF) has a Operating Income of $-0.20 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Atlas Engineered Products and its competitors.

Is Atlas Engineered Products' Operating Income too high?

Atlas Engineered Products' current Operating Income is $-0.20 Mil. Overall, Atlas Engineered Products has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Atlas Engineered Products' Operating Income compare to TT and JCI?

Atlas Engineered Products' Operating Income of $-0.20 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 Atlas Engineered Products and its competitors. Atlas Engineered Products's current Operating Income is $-0.20 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Atlas Engineered Products stock overvalued right now?

Based on GuruFocus' analysis, Atlas Engineered Products (APEUF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.72, compared to a current price of $0.40 — trading 44.4% below its estimated fair value. The current Operating Income is $-0.20 Mil. Atlas Engineered Products' overall GF Score™ is 42/100 with 6 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 Atlas Engineered Products (APEUF), the current Operating Income is $-0.20 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.

Is Atlas Engineered Products (APEUF) Overvalued in 2026?

Based on GuruFocus' analysis, Atlas Engineered Products stock appears to be undervalued. The current stock price of $0.40 is trading 44.4% below its estimated GF Value™ of $0.72. GuruFocus considers Atlas Engineered Products to be Possible Value Trap.

Key valuation signals for APEUF:

Operating Income: $-0.20 Mil
GF Value™: $0.72 vs. price of $0.40 (44.4% below fair value)
GF Score™: 42/100 with 6 warning signs

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

Atlas Engineered Products Business Description

Industry Industrials Construction

Comparable Companies XCNQ:KLN TT JCI CARR XPAR:SGO TSE:6367 XSWX:GEBN LII MAIR DUB:KRX MAS CSL XSWX:BEAN WMS SPXC OC AAON BLDR TSE:5332 SZSE:000811

Other Exchanges AEP:Canada

Address 2005 Boxwood Road, Nanaimo, BC, CAN, V9S 5X9

Website https://www.atlasengineeredproducts.com

Atlas Engineered Products Ltd is a Canada-based supplier of trusses and engineered wood products. The company is engaged in the principal activities of manufacturing trusses for commercial and residential buildings and delivering them to its customers on Vancouver Island. The company generates revenue from the sale of Trusses, Wall panels, and Engineered wood products. Its products and services include project management and site assembly services, design, engineering and permitting services, floor joists, floor trusses, floor panels, roof trusses, wall panels, and other related products. It operates manufacturing and distribution facilities in British Columbia, Manitoba, Ontario, Saskatchewan, and New Brunswick.

42GF Score

Get the complete analysis for APEUF

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

$0.40

Price

$0.72

GF Value

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