AXIAPC (Axia Energia) Operating Income: $2,935 Mil (TTM As of Mar. 2026)

What is Axia Energia Operating Income?

Axia Energia AXIAPC 56 Operating Income is $2,935 Mil as of Mar. 2026. GuruFocus rates AXIAPC with a GF Score™ of 56/100 and a GF Value™ of $7.80 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Axia Energia's Operating Income for the three months ended in Mar. 2026 was $1,044 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $2,935 Mil.

Warning Sign:

Axia Energia has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Axia Energia's Operating Income for the three months ended in Mar. 2026 was $1,044 Mil. Axia Energia's Revenue for the three months ended in Mar. 2026 was $2,431 Mil. Therefore, Axia Energia's Operating Margin % for the quarter that ended in Mar. 2026 was 42.94%.

Good Sign:

Axia Energia operating margin is expanding. Margin expansion is usually a good sign.

Axia Energia's 5-Year average Growth Rate for Operating Margin % was 0.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Axia Energia's annualized ROC % for the quarter that ended in Mar. 2026 was 7.64%. Axia Energia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 53.36%.

Axia Energia (NYSE:AXIApC) Operating Income Explanation

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

Axia Energia'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 )
=	4175.44 * ( 1 - 14.28% )	/	( (46274.863	+	47451.958)	/ 2 )
=	3579.187168	/	46863.4105
=	7.64 %

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	))
=	51264.841	-	1120.229	-	( 5050.076	-	max(0, 5678.171	-	9547.92	+	5050.076	))
=	46274.863

	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	))
=	53524.657	-	780.286	-	( 5292.413	-	max(0, 5013.688	-	10565.357	+	5292.413	))
=	47451.958

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

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

Axia Energia'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 )
=	3956.564	/	( ( (7269.31 + max(-985.329, 0))	+	(7558.869 + max(0.26999999999998, 0)) )	/	2 )
=	3956.564	/	( ( 7269.31	+	7559.139 )	/	2 )
=	3956.564	/	7414.2245
=	53.36 %

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)
=	(1021.975	+	0	+	782.684)	-	(1120.229	+	0	+	1669.759)
=	-985.329

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1481.399	+	0	+	990.447)	-	(780.286	+	0	+	1691.29)
=	0.26999999999998

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 %:

Axia Energia'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 )
	=	1043.86	/	2430.699
	=	42.94 %

* 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.

Axia Energia Operating Income Related Terms

Axia Energia Operating Income Historical Data

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The historical data trend for Axia Energia's Operating Income can be seen below:

Axia Energia Operating Income Chart

Axia Energia Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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3,026.35

1,203.41

2,217.59

2,059.36

2,436.03

Axia Energia 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															478.49	787.82	-1,570.48	2,673.98	1,043.86

56GF Score

Axia Energia AXIAPC

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

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Axia Energia 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 $2,935 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $2,935 Mil mean?

Axia Energia (AXIAPC) has a Operating Income of $2,935 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Axia Energia and its competitors.

Is Axia Energia's Operating Income too high?

Axia Energia's current Operating Income is $2,935 Mil. Overall, Axia Energia has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Axia Energia's Operating Income compare to competitors?

Axia Energia's Operating Income of $2,935 Mil can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?

A good Operating Income depends on the Utilities - Independent Power Producers 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 Axia Energia and its competitors. Axia Energia's current Operating Income is $2,935 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Axia Energia stock overvalued right now?

Based on GuruFocus' analysis, Axia Energia (AXIAPC) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.80, compared to a current price of $10.33 — trading 32.4% above its estimated fair value. The current Operating Income is $2,935 Mil. Axia Energia's overall GF Score™ is 56/100 with 4 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 Axia Energia (AXIAPC), the current Operating Income is $2,935 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 Axia Energia (AXIAPC) Overvalued in 2026?

Based on GuruFocus' analysis, Axia Energia stock appears to be overvalued. The current stock price of $10.33 is trading 32.4% above its estimated GF Value™ of $7.80. GuruFocus considers Axia Energia to be Significantly Overvalued.

Key valuation signals for AXIAPC:

Operating Income: $2,935 Mil
GF Value™: $7.80 vs. price of $10.33 (32.4% above fair value)
GF Score™: 56/100 with 4 warning signs

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

Axia Energia Business Description

Industry Utilities Utilities - Independent Power Producers

Comparable Companies BSP:EGIE3 BSP:AURE3 BSP:ALUP3 BSP:RAIZ4 BSP:LIGT3 BSP:RNEW3 SHSE:600900 SHSE:600930 OCSE:ORSTED SHSE:600025 BOM:541450 ISX:BREN WBO:VER OHEL:FORTUM SHSE:600905 XLIS:EDPR SHSE:600886 SZSE:001289 TSE:9503 XTAE:ENLT

Other Exchanges AXIA:USA XAXIA:Spain L3XB:Germany AXIA6:Brazil AXIA5:Brazil AXIA3:Brazil

Address Avenida Graca Aranha, 26 19th floor, Centro, Rio de Janeiro, RJ, BRA, 20030-900

Website https://ri.axia.com.br

Axia Energia is engaged in the generation, transmission, and commercialization of electricity in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country.

56GF Score

Get the complete analysis for AXIAPC

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

$10.33

Price

$7.80

GF Value

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