MAHLE-Metal Leve (BSP:LEVE3) Operating Income: R$847 Mil (TTM As of Mar. 2026)

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BSP:LEVE3 MAHLE-Metal Leve SA BSP:LEVE3
83 GF Score
Price R$31.60
GF Value R$36.63
Valuation Modestly Undervalued
! 1 Warning Sign
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What is MAHLE-Metal Leve Operating Income?

MAHLE-Metal Leve BSP:LEVE3 -0.47% 83 Operating Income is R$847 Mil as of Mar. 2026. GuruFocus rates BSP:LEVE3 with a GF Score™ of 83/100 and a GF Value™ of R$36.63 (Modestly Undervalued). The stock has 1 warning sign investors should review.

MAHLE-Metal Leve's Operating Income for the three months ended in Mar. 2026 was R$194 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was R$847 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. MAHLE-Metal Leve's Operating Income for the three months ended in Mar. 2026 was R$194 Mil. MAHLE-Metal Leve's Revenue for the three months ended in Mar. 2026 was R$1,256 Mil. Therefore, MAHLE-Metal Leve's Operating Margin % for the quarter that ended in Mar. 2026 was 15.41%.

Good Sign:

MAHLE-Metal Leve SA operating margin is expanding. Margin expansion is usually a good sign.

MAHLE-Metal Leve's 5-Year average Growth Rate for Operating Margin % was 9.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MAHLE-Metal Leve's annualized ROC % for the quarter that ended in Mar. 2026 was 21.34%. MAHLE-Metal Leve's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 89.99%.


MAHLE-Metal Leve  (BSP:LEVE3) Operating Income Explanation

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

MAHLE-Metal Leve'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 )
=774.452 * ( 1 - 26.9% )/( (2641.584 + 2663.01)/ 2 )
=566.124412/2652.297
=21.34 %

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))
=3793.564 - 668.972 - ( 635.305 - max(0, 1818.917 - 2301.925+635.305))
=2641.584

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))
=3830.265 - 649.479 - ( 517.776 - max(0, 1716.028 - 2354.136+517.776))
=2663.01

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

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

MAHLE-Metal Leve'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 )
=1256.968/( ( (763.043 + max(536.883, 0)) + (756.692 + max(737.097, 0)) )/ 2 )
=1256.968/( ( 1299.926 + 1493.789 )/ 2 )
=1256.968/1396.8575
=89.99 %

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)
=(596.737 + 754.748 + 196.514) - (668.972 + 0 + 342.144)
=536.883

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(759.715 + 762.802 + 212.261) - (649.479 + 0 + 348.202)
=737.097

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 %:

MAHLE-Metal Leve'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 )
=193.613/1256.363
=15.41 %

* 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.


MAHLE-Metal Leve Operating Income Related Terms


MAHLE-Metal Leve Operating Income Historical Data

* Premium members only.

The historical data trend for MAHLE-Metal Leve'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.

MAHLE-Metal Leve Operating Income Chart

MAHLE-Metal Leve 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 578.21 544.50 743.65 751.42 844.45

MAHLE-Metal Leve 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 191.21 207.04 266.08 180.12 193.61
BSP:LEVE3
83GF Score
MAHLE-Metal Leve SA BSP:LEVE3
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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MAHLE-Metal Leve 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 R$847 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 R$847 Mil mean?
MAHLE-Metal Leve (BSP:LEVE3) has a Operating Income of R$847 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on MAHLE-Metal Leve and its competitors.
Is MAHLE-Metal Leve's Operating Income too high?
MAHLE-Metal Leve's current Operating Income is R$847 Mil. Overall, MAHLE-Metal Leve has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MAHLE-Metal Leve's Operating Income compare to ORLY and AZO?
MAHLE-Metal Leve's Operating Income of R$847 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts 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 MAHLE-Metal Leve and its competitors. MAHLE-Metal Leve's current Operating Income is R$847 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAHLE-Metal Leve stock overvalued right now?
Based on GuruFocus' analysis, MAHLE-Metal Leve (BSP:LEVE3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$36.63, compared to a current price of R$31.60 — trading 13.7% below its estimated fair value. The current Operating Income is R$847 Mil. MAHLE-Metal Leve's overall GF Score™ is 83/100 with 1 warning sign 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 MAHLE-Metal Leve (BSP:LEVE3), the current Operating Income is R$847 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 MAHLE-Metal Leve (BSP:LEVE3) Overvalued in 2026?

Based on GuruFocus' analysis, MAHLE-Metal Leve stock appears to be undervalued. The current stock price of R$31.60 is trading 13.7% below its estimated GF Value™ of R$36.63. GuruFocus considers MAHLE-Metal Leve to be Modestly Undervalued.

Key valuation signals for BSP:LEVE3:

  • Operating Income: R$847 Mil
  • GF Value™: R$36.63 vs. price of R$31.60 (13.7% below fair value)
  • GF Score™: 83/100 with 1 warning sign

No single metric tells the full story. See the BSP:LEVE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MAHLE-Metal Leve Business Description

Address Ernst Mahle Avenue, number 2000, Mogi Guacu, SP, BRA, 13846-146
MAHLE-Metal Leve SA automotive parts company that manufactures and sells components for internal combustion engines and automotive filters. It manufactures reliable products with cutting-edge technology and is continuously investing in the research and development of new products and production processes. It operates in the OE segment, where it supplies vehicle manufacturers, and in the Aftermarket segment, where it supplies partners in trade, workshops, and engine repair shops. The company operates in two segments, which include Powertrain and Charging and Thermal and Fluid Systems.
83GF Score

Get the complete analysis for BSP:LEVE3

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

R$31.60
Price
R$36.63
GF Value