Cementos Argos (BOG:CEMARGOS) Operating Income: COP781,409 Mil (TTM As of Mar. 2026)

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BOG:CEMARGOS Cementos Argos SA BOG:CEMARGOS
46 GF Score
Price COP11,520.00
GF Value COP7,655.88
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Cementos Argos Operating Income?

Cementos Argos BOG:CEMARGOS -2.37% 46 Operating Income is COP781,409 Mil as of Mar. 2026. GuruFocus rates BOG:CEMARGOS with a GF Score™ of 46/100 and a GF Value™ of COP7,655.88 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Cementos Argos's Operating Income for the three months ended in Mar. 2026 was COP154,481 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was COP781,409 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Cementos Argos's Operating Income for the three months ended in Mar. 2026 was COP154,481 Mil. Cementos Argos's Revenue for the three months ended in Mar. 2026 was COP1,221,694 Mil. Therefore, Cementos Argos's Operating Margin % for the quarter that ended in Mar. 2026 was 12.64%.

Good Sign:

Cementos Argos SA operating margin is expanding. Margin expansion is usually a good sign.

Cementos Argos's 5-Year average Growth Rate for Operating Margin % was 7.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cementos Argos's annualized ROC % for the quarter that ended in Mar. 2026 was 7.16%. Cementos Argos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.49%.


Cementos Argos  (BOG:CEMARGOS) Operating Income Explanation

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

Cementos Argos'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 )
=617924 * ( 1 - 9.75% )/( (7822632 + 7748555)/ 2 )
=557676.41/7785593.5
=7.16 %

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))
=17208128 - 748583 - ( 9243875 - max(0, 1912688 - 10549601+9243875))
=7822632

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))
=16889292 - 1416902 - ( 8901964 - max(0, 2587883 - 10311718+8901964))
=7748555

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

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

Cementos Argos'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 )
=617924/( ( (4891438 + max(154586, 0)) + (4850774 + max(-518353, 0)) )/ 2 )
=617924/( ( 5046024 + 4850774 )/ 2 )
=617924/4948399
=12.49 %

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)
=(468219 + 641240 + 196267) - (748583 + 0 + 402557)
=154586

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(479699 + 628912 + 301143) - (1416902 + 0 + 511205)
=-518353

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 %:

Cementos Argos'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 )
=154481/1221694
=12.64 %

* 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.


Cementos Argos Operating Income Related Terms


Cementos Argos Operating Income Historical Data

* Premium members only.

The historical data trend for Cementos Argos'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.

Cementos Argos Operating Income Chart

Cementos Argos Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,155,429.00 1,099,758.00 633,427.00 588,617.00 739,799.00

Cementos Argos 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 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 149,328.00 177,235.00 254,803.00 194,890.00 154,481.00
BOG:CEMARGOS
46GF Score
Cementos Argos SA BOG:CEMARGOS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Cementos Argos 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 COP781,409 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 COP781,409 Mil mean?
Cementos Argos (BOG:CEMARGOS) has a Operating Income of COP781,409 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Cementos Argos and its competitors.
Is Cementos Argos' Operating Income too high?
Cementos Argos' current Operating Income is COP781,409 Mil. Overall, Cementos Argos has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cementos Argos' Operating Income compare to CRH and VMC?
Cementos Argos' Operating Income of COP781,409 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Operating Income depends on the Building Materials 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 Cementos Argos and its competitors. Cementos Argos's current Operating Income is COP781,409 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cementos Argos stock overvalued right now?
Based on GuruFocus' analysis, Cementos Argos (BOG:CEMARGOS) is currently considered Significantly Overvalued. The stock's GF Value™ is COP7,655.88, compared to a current price of COP11,520.00 — trading 50.5% above its estimated fair value. The current Operating Income is COP781,409 Mil. Cementos Argos' overall GF Score™ is 46/100 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 Cementos Argos (BOG:CEMARGOS), the current Operating Income is COP781,409 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 Cementos Argos (BOG:CEMARGOS) Overvalued in 2026?

Based on GuruFocus' analysis, Cementos Argos stock appears to be overvalued. The current stock price of COP11,520.00 is trading 50.5% above its estimated GF Value™ of COP7,655.88. GuruFocus considers Cementos Argos to be Significantly Overvalued.

Key valuation signals for BOG:CEMARGOS:

  • Operating Income: COP781,409 Mil
  • GF Value™: COP7,655.88 vs. price of COP11,520.00 (50.5% above fair value)
  • GF Score™: 46/100 with 6 warning signs

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


Cementos Argos Business Description

Address Carrera 53, No. 106 - 280, Piso 17, Centro Empresarial Buenavista, Barranquilla, COL
Cementos Argos SA is a cement-producing company. In terms of the concrete and cement business, it is Colombia's key producer and one of the key producers in the sector across Central America and the Caribbean. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry, and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title. Its operating segments are: Colombia, which generates maximum revenue, the Caribbean, Central America, Trading, and Corporate and others.
46GF Score

Get the complete analysis for BOG:CEMARGOS

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

COP11,520.00
Price
COP7,655.88
GF Value