Renova Energia (BSP:RNEW3) Operating Income: R$-101.1 Mil (TTM As of Mar. 2026)

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BSP:RNEW3 Renova Energia SA BSP:RNEW3
45 GF Score
Price R$0.75
GF Value R$1.26
Valuation Possible Value Trap
! 3 Warning Signs
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What is Renova Energia Operating Income?

Renova Energia BSP:RNEW3 45 Operating Income is R$-101.1 Mil as of Mar. 2026. GuruFocus rates BSP:RNEW3 with a GF Score™ of 45/100 and a GF Value™ of R$1.26 (Possible Value Trap). The stock has 3 warning signs investors should review.

Renova Energia's Operating Income for the three months ended in Mar. 2026 was R$-14.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was R$-101.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Renova Energia's Operating Income for the three months ended in Mar. 2026 was R$-14.0 Mil. Renova Energia's Revenue for the three months ended in Mar. 2026 was R$113.8 Mil. Therefore, Renova Energia's Operating Margin % for the quarter that ended in Mar. 2026 was -12.34%.

Renova Energia's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Renova Energia's annualized ROC % for the quarter that ended in Mar. 2026 was -1.93%. Renova Energia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.54%.

Renova Energia  (BSP:RNEW3) Operating Income Explanation

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

Renova 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 )
=-56.172 * ( 1 - 0% )/( (2867.351 + 2956.502)/ 2 )
=-56.172/2911.9265
=-1.93 %

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))
=3024.583 - 194.586 - ( 72.374 - max(0, 328.561 - 291.207+72.374))
=2867.351

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))
=3046.846 - 186.682 - ( 81.409 - max(0, 359.524 - 263.186+81.409))
=2956.502

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

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

Renova 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 )
=-13.788/( ( (2542 + max(-166.257, 0)) + (2576.576 + max(-165.975, 0)) )/ 2 )
=-13.788/( ( 2542 + 2576.576 )/ 2 )
=-13.788/2559.288
=-0.54 %

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)
=(68.488 + 0 + 39.39) - (194.586 + 0 + 79.549)
=-166.257

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(58.819 + 0 + 65.714) - (186.682 + 0 + 103.826)
=-165.975

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 %:

Renova 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 )
=-14.043/113.792
=-12.34 %

* 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.

Renova Energia Operating Income Related Terms

Renova Energia Operating Income Historical Data

* Premium members only.

The historical data trend for Renova Energia'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.

Renova Energia Operating Income Chart

Renova Energia 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 -93.04 -23.02 114.04 -96.79 -95.50

Renova 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 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 -8.42 -56.16 -18.88 -12.00 -14.04
BSP:RNEW3
45GF Score
Renova Energia SA BSP:RNEW3
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Renova 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 R$-101.1 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$-101.1 Mil mean?
Renova Energia (BSP:RNEW3) has a Operating Income of R$-101.1 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Renova Energia and its competitors.
Is Renova Energia's Operating Income too high?
Renova Energia's current Operating Income is R$-101.1 Mil. Overall, Renova Energia has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Renova Energia's Operating Income compare to competitors?
Renova Energia's Operating Income of R$-101.1 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 Renova Energia and its competitors. Renova Energia's current Operating Income is R$-101.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Renova Energia stock overvalued right now?
Based on GuruFocus' analysis, Renova Energia (BSP:RNEW3) is currently considered Possible Value Trap. The stock's GF Value™ is R$1.26, compared to a current price of R$0.75 — trading 40.5% below its estimated fair value. The current Operating Income is R$-101.1 Mil. Renova Energia's overall GF Score™ is 45/100 with 3 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 Renova Energia (BSP:RNEW3), the current Operating Income is R$-101.1 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 Renova Energia (BSP:RNEW3) Overvalued in 2026?

Based on GuruFocus' analysis, Renova Energia stock appears to be undervalued. The current stock price of R$0.75 is trading 40.5% below its estimated GF Value™ of R$1.26. GuruFocus considers Renova Energia to be Possible Value Trap.

Key valuation signals for BSP:RNEW3:

  • Operating Income: R$-101.1 Mil
  • GF Value™: R$1.26 vs. price of R$0.75 (40.5% below fair value)
  • GF Score™: 45/100 with 3 warning signs

No single metric tells the full story. See the BSP:RNEW3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Renova Energia Business Description

Other Exchanges RNEW4:Brazil
Address Avenue Das Nacoes Unidas, No. 10,989, 8th floor set 82, Brooklin Paulista, Sao Paulo, SP, BRA
Renova Energia SA is a Brazilian energy company engaged in the development, implementation, and operation of power generation projects from renewable sources - wind and solar, and trading of energy and related activities. The company is generating and trading electric power in all its forms, producing fuel from natural and renewable sources, providing logistics services to environmental advisory firms, and providing advisory services for energy solutions related to the generation, trading, transmission, and other businesses. The company has operating segments, namely: Wind, Solar, Trading, and Administrative. It derives maximum revenue from the Trading segment, which is engaged in energy trading in all its forms and management of the Company's energy purchase and sale contracts.
45GF Score

Get the complete analysis for BSP:RNEW3

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

R$0.75
Price
R$1.26
GF Value