ATLPF (Atlas Copco AB) Operating Income: $3,599 Mil (TTM As of Mar. 2026)

What is Atlas Copco AB Operating Income?

Atlas Copco AB ATLPF 91 Operating Income is $3,599 Mil as of Mar. 2026. GuruFocus rates ATLPF with a GF Score™ of 91/100 and a GF Value™ of $18.33 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Atlas Copco AB's Operating Income for the three months ended in Mar. 2026 was $887 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $3,599 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Atlas Copco AB's Operating Income for the three months ended in Mar. 2026 was $887 Mil. Atlas Copco AB's Revenue for the three months ended in Mar. 2026 was $4,351 Mil. Therefore, Atlas Copco AB's Operating Margin % for the quarter that ended in Mar. 2026 was 20.38%.

Good Sign:

Atlas Copco AB operating margin is expanding. Margin expansion is usually a good sign.

Atlas Copco AB's 5-Year average Growth Rate for Operating Margin % was 1.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Atlas Copco AB's annualized ROC % for the quarter that ended in Mar. 2026 was 16.20%. Atlas Copco AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 62.60%.

Atlas Copco AB (OTCPK:ATLPF) Operating Income Explanation

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

Atlas Copco AB'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 )
=	3546.56 * ( 1 - 22.86% )	/	( (18102.33	+	15665.544)	/ 2 )
=	2735.816384	/	16883.937
=	16.20 %

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	))
=	21784.473	-	1968.795	-	( 1713.348	-	max(0, 6026.363	-	9363.318	+	1713.348	))
=	18102.33

	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	))
=	23144.185	-	5183.102	-	( 2295.539	-	max(0, 6141.867	-	10425.879	+	2295.539	))
=	15665.544

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 Copco AB'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 )
=	3519.512	/	( ( (3605.208 + max(1230.859, 0))	+	(3704.117 + max(2703.924, 0)) )	/	2 )
=	3519.512	/	( ( 4836.067	+	6408.041 )	/	2 )
=	3519.512	/	5622.054
=	62.60 %

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)
=	(3216.334	+	2868.564	+	476.031)	-	(1968.795	+	0	+	3361.275)
=	1230.859

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5045.078	+	3064.547	+	20.715)	-	(5183.102	+	0	+	243.314)
=	2703.924

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 Copco AB'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 )
	=	886.64	/	4351.093
	=	20.38 %

* 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 Copco AB Operating Income Related Terms

Atlas Copco AB Operating Income Historical Data

* Premium members only.

The historical data trend for Atlas Copco AB's Operating Income can be seen below:

Atlas Copco AB Operating Income Chart

Atlas Copco AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

Get a 7-Day Free Trial

2,529.81

2,948.26

3,751.76

3,454.80

3,745.74

Atlas Copco AB 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															849.22	889.49	911.80	911.39	886.64

91GF Score

Atlas Copco AB ATLPF

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

View Full Analysis

Atlas Copco AB 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 $3,599 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $3,599 Mil mean?

Atlas Copco AB (ATLPF) has a Operating Income of $3,599 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Atlas Copco AB and its competitors.

Is Atlas Copco AB's Operating Income too high?

Atlas Copco AB's current Operating Income is $3,599 Mil. Overall, Atlas Copco AB has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Atlas Copco AB's Operating Income compare to GEV and ETN?

Atlas Copco AB's Operating Income of $3,599 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?

A good Operating Income depends on the Industrial Products 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 Copco AB and its competitors. Atlas Copco AB's current Operating Income is $3,599 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Atlas Copco AB stock overvalued right now?

Based on GuruFocus' analysis, Atlas Copco AB (ATLPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $18.33, compared to a current price of $20.57 — trading 12.2% above its estimated fair value. The current Operating Income is $3,599 Mil. Atlas Copco AB's overall GF Score™ is 91/100 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 Copco AB (ATLPF), the current Operating Income is $3,599 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 Copco AB (ATLPF) Overvalued in 2026?

Based on GuruFocus' analysis, Atlas Copco AB stock appears to be overvalued. The current stock price of $20.57 is trading 12.2% above its estimated GF Value™ of $18.33. GuruFocus considers Atlas Copco AB to be Modestly Overvalued.

Key valuation signals for ATLPF:

Operating Income: $3,599 Mil
GF Value™: $18.33 vs. price of $20.57 (12.2% above fair value)
GF Score™: 91/100 with 6 warning signs

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

Atlas Copco AB Business Description

Industry Industrials Industrial Products

Comparable Companies OSTO:SAND OSTO:ALFA OSTO:TREL B OSTO:MYCR OSTO:BEIA B OSTO:ALIG OSTO:EPRO B OSTO:NMAN OSTO:XANO B OSTO:SALT B GEV XTER:SIE XPAR:SU ETN XTER:ENR PH CMI EMR ITW TSE:7011

Other Exchanges ATLFF:USA ATLKY:USA ATLCY:USA ATCO B:Sweden ATCO A:Sweden ACOF N:Mexico 1ATCB:Italy 1ATCA:Italy ATCOBs:UK ATCOAs:UK 0XXT:UK 0XXV:UK ACO5:Germany

Address Sickla Industrivag 19, Nacka, Stockholm, SWE, SE-105 23

Website https://www.atlascopcogroup.com

Atlas Copco is a 140-year-old Swedish company that pioneered air compression technology and remains a leading air compressor manufacturer. Atlas Copco is also a leading manufacturer of vacuum pump equipment, industrial power tools, and portable power and air compression equipment. The company's operations match the geographic breadth of its customers, with a presence in 180 countries. Atlas Copco's revenue is derived from three sources: initial equipment sales, spare parts, and maintenance.

91GF Score

Get the complete analysis for ATLPF

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

$20.57

Price

$18.33

GF Value

View ATLPF Analysis

See Operating Income data for all stocks →