Marcopolo (BSP:POMO3) Operating Income: R$1,346 Mil (TTM As of Jun. 2026)

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BSP:POMO3 Marcopolo SA BSP:POMO3
84 GF Score
Price R$4.01
GF Value R$6.14
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Marcopolo Operating Income?

Marcopolo BSP:POMO3 +0.25% 84 Operating Income is R$1,346 Mil as of Jun. 2026. GuruFocus rates BSP:POMO3 with a GF Score™ of 84/100 and a GF Value™ of R$6.14 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Marcopolo's Operating Income for the three months ended in Jun. 2026 was R$283 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was R$1,346 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Marcopolo's Operating Income for the three months ended in Jun. 2026 was R$283 Mil. Marcopolo's Revenue for the three months ended in Jun. 2026 was R$2,373 Mil. Therefore, Marcopolo's Operating Margin % for the quarter that ended in Jun. 2026 was 11.93%.

Good Sign:

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

Marcopolo's 5-Year average Growth Rate for Operating Margin % was 31.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marcopolo's annualized ROC % for the quarter that ended in Jun. 2026 was 14.86%. Marcopolo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 40.57%.


Marcopolo  (BSP:POMO3) Operating Income Explanation

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

Marcopolo's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=1132.064 * ( 1 - 16.54% )/( (6155.172 + 6562.193)/ 2 )
=944.8206144/6358.6825
=14.86 %

where

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))
=9504.229 - 1520.874 - ( 1828.183 - max(0, 2865.516 - 5633.169+1828.183))
=6155.172

Invested Capital(Q: Jun. 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))
=9815.419 - 1665.906 - ( 1587.32 - max(0, 3031.666 - 5891.7+1587.32))
=6562.193

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

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

Marcopolo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1414.828/( ( (1508.811 + max(1768.97, 0)) + (1542.482 + max(2154.918, 0)) )/ 2 )
=1414.828/( ( 3277.781 + 3697.4 )/ 2 )
=1414.828/3487.5905
=40.57 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1474.209 + 1934.145 + 156.597) - (1520.874 + 0 + 275.107)
=1768.97

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1938.207 + 1946.436 + 183.7) - (1665.906 + 0 + 247.519)
=2154.918

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Marcopolo's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=283.016/2373.276
=11.93 %

* 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.


Marcopolo Operating Income Related Terms


Marcopolo Operating Income Historical Data

* Premium members only.

The historical data trend for Marcopolo'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.

Marcopolo Operating Income Chart

Marcopolo 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 147.57 291.76 839.21 1,380.10 1,441.34

Marcopolo Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 355.99 444.58 432.56 186.11 283.02
BSP:POMO3
84GF Score
Marcopolo SA BSP:POMO3
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Marcopolo 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$1,346 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$1,346 Mil mean?
Marcopolo (BSP:POMO3) has a Operating Income of R$1,346 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Marcopolo and its competitors.
Is Marcopolo's Operating Income too high?
Marcopolo's current Operating Income is R$1,346 Mil. Overall, Marcopolo has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marcopolo's Operating Income compare to CAT and DE?
Marcopolo's Operating Income of R$1,346 Mil can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Operating Income depends on the Farm & Heavy Construction Machinery 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 Marcopolo and its competitors. Marcopolo's current Operating Income is R$1,346 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marcopolo stock overvalued right now?
Based on GuruFocus' analysis, Marcopolo (BSP:POMO3) is currently considered Significantly Undervalued. The stock's GF Value™ is R$6.14, compared to a current price of R$4.01 — trading 34.7% below its estimated fair value. The current Operating Income is R$1,346 Mil. Marcopolo's overall GF Score™ is 84/100 with 5 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 Marcopolo (BSP:POMO3), the current Operating Income is R$1,346 Mil as of Jun. 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 Marcopolo (BSP:POMO3) Overvalued in 2026?

Based on GuruFocus' analysis, Marcopolo stock appears to be undervalued. The current stock price of R$4.01 is trading 34.7% below its estimated GF Value™ of R$6.14. GuruFocus considers Marcopolo to be Significantly Undervalued.

Key valuation signals for BSP:POMO3:

  • Operating Income: R$1,346 Mil
  • GF Value™: R$6.14 vs. price of R$4.01 (34.7% below fair value)
  • GF Score™: 84/100 with 5 warning signs

No single metric tells the full story. See the BSP:POMO3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marcopolo Business Description

Other Exchanges POMO4:Brazil
Address Avenida Marcopolo, 280, Planalto District, Caxias do Sul, RS, BRA, 95086-200
Marcopolo SA is a Brazilian auto manufacturer. It is engaged in the manufacture and sale of buses, bus bodies, and components. The company's product line covers a wide variety of models, consisting of the coach, city, and micro bus groups, as well as the Volare micro bus family (complete bus, with chassis and body), electric and hybrid buses. It operates in two segments: Industrial and Financial. The majority of the company's revenue is generated from the Industrial segment, which produces buses, bus bodies, and spare parts. The Financial segment is responsible for financing operations through its wholly owned subsidiary. Geographically, it derives maximum revenue from Brazil, and the rest from the United States, Africa, Argentina, Australia, China, the UAE, and Mexico.
84GF Score

Get the complete analysis for BSP:POMO3

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

R$4.01
Price
R$6.14
GF Value