Saunders International (ASX:SND) Operating Income: A$114.3 Mil (TTM As of Dec. 2025)

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ASX:SND Saunders International Ltd ASX:SND
75 GF Score
Price A$1.04
GF Value A$1.04
Valuation Fairly Valued
! 9 Warning Signs
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What is Saunders International Operating Income?

Saunders International ASX:SND -0.48% 75 Operating Income is A$114.3 Mil as of Dec. 2025. GuruFocus rates ASX:SND with a GF Score™ of 75/100 and a GF Value™ of A$1.04 (Fairly Valued). The stock has 9 warning signs investors should review.

Saunders International's Operating Income for the six months ended in Dec. 2025 was A$-8.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was A$114.3 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Saunders International's Operating Income for the six months ended in Dec. 2025 was A$-8.0 Mil. Saunders International's Revenue for the six months ended in Dec. 2025 was A$143.6 Mil. Therefore, Saunders International's Operating Margin % for the quarter that ended in Dec. 2025 was -5.59%.

Warning Sign:

Saunders International Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -8.4%.

Saunders International's 5-Year average Growth Rate for Operating Margin % was -8.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Saunders International's annualized ROC % for the quarter that ended in Dec. 2025 was -13.96%. Saunders International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -39.47%.


Saunders International  (ASX:SND) Operating Income Explanation

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

Saunders International's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-16.058 * ( 1 - 22.41% )/( (59.515 + 118.938)/ 2 )
=-12.4594022/89.2265
=-13.96 %

where

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Saunders International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-10.048/( ( (24.497 + max(-3.351, 0)) + (26.42 + max(-21.307, 0)) )/ 2 )
=-10.048/( ( 24.497 + 26.42 )/ 2 )
=-10.048/25.4585
=-39.47 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.45 + 0.419 + 16.565) - (26.724 + 6.887 + 6.174)
=-3.351

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31.852 + 0.419 + 18.173) - (34.924 + 0 + 36.827)
=-21.307

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Saunders International's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-8.029/143.557
=-5.59 %

* 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.


Saunders International Operating Income Related Terms


Saunders International Operating Income Historical Data

* Premium members only.

The historical data trend for Saunders International'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.

Saunders International Operating Income Chart

Saunders International Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.48 8.59 14.11 14.70 3.11

Saunders International Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 7.92 6.79 -119.23 122.35 -8.03
ASX:SND
75GF Score
Saunders International Ltd ASX:SND
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Saunders International 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$114.3 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 A$114.3 Mil mean?
Saunders International (ASX:SND) has a Operating Income of A$114.3 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Saunders International and its competitors.
Is Saunders International's Operating Income too high?
Saunders International's current Operating Income is A$114.3 Mil. Overall, Saunders International has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saunders International's Operating Income compare to PWR and FIX?
Saunders International's Operating Income of A$114.3 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 Saunders International and its competitors. Saunders International's current Operating Income is A$114.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saunders International stock overvalued right now?
Based on GuruFocus' analysis, Saunders International (ASX:SND) is currently considered Fairly Valued. The stock's GF Value™ is A$1.04, compared to a current price of A$1.04 — trading right at its estimated fair value. The current Operating Income is A$114.3 Mil. Saunders International's overall GF Score™ is 75/100 with 9 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 Saunders International (ASX:SND), the current Operating Income is A$114.3 Mil as of Dec. 2025. 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 Saunders International (ASX:SND) Overvalued in 2026?

Based on GuruFocus' analysis, Saunders International stock appears to be undervalued. The current stock price of A$1.04 is trading 0% below its estimated GF Value™ of A$1.04. GuruFocus considers Saunders International to be Fairly Valued.

Key valuation signals for ASX:SND:

  • Operating Income: A$114.3 Mil
  • GF Value™: A$1.04 vs. price of A$1.04 (0% below fair value)
  • GF Score™: 75/100 with 9 warning signs

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


Saunders International Business Description

Address 3 Rider Boulevard, Suite 101, Level 1, Rhodes, Sydney, NSW, AUS, 2138
Saunders International Ltd is a multidisciplinary Australian company providing engineering, construction, and industrial asset services. It is involved in delivering liquid storage and transfer, structural, mechanical and piping (SMP), industrial automation and electrical, civil infrastructure, and industrial asset services to organisations across Australia and the Pacific region. These activities are performed across the key markets of Defence and Government, Water, Energy and Resources and Industrials. The group operates in one reporting segment, being the provision of design, construction, fabrication, shutdown, maintenance, and industrial automation services to organisations of steel storage tanks and concrete bridges.
75GF 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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Price
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