ALTEO Energy Services (BUD:ALTEO) Operating Income: Ft9,528 Mil (TTM As of Dec. 2025)

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BUD:ALTEO ALTEO Energy Services PLC BUD:ALTEO
76 GF Score
Price Ft3,510.00
GF Value Ft5,232.83
Valuation Possible Value Trap
! 7 Warning Signs
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What is ALTEO Energy Services Operating Income?

ALTEO Energy Services BUD:ALTEO -2.50% 76 Operating Income is Ft9,528 Mil as of Dec. 2025. GuruFocus rates BUD:ALTEO with a GF Score™ of 76/100 and a GF Value™ of Ft5,232.83 (Possible Value Trap). The stock has 7 warning signs investors should review.

ALTEO Energy Services's Operating Income for the six months ended in Dec. 2025 was Ft2,004 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was Ft9,528 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. ALTEO Energy Services's Operating Income for the six months ended in Dec. 2025 was Ft2,004 Mil. ALTEO Energy Services's Revenue for the six months ended in Dec. 2025 was Ft68,937 Mil. Therefore, ALTEO Energy Services's Operating Margin % for the quarter that ended in Dec. 2025 was 2.91%.

Warning Sign:

ALTEO Energy Services PLC operating margin has been in a 5-year decline. The average rate of decline per year is -4.7%.

ALTEO Energy Services's 5-Year average Growth Rate for Operating Margin % was -4.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ALTEO Energy Services's annualized ROC % for the quarter that ended in Dec. 2025 was 0.00%. ALTEO Energy Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.57%.

ALTEO Energy Services  (BUD:ALTEO) Operating Income Explanation

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

ALTEO Energy Services's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=4007.622 * ( 1 - 100% )/( (111642 + 136567.574)/ 2 )
=0/124104.787
=0.00 %

where

Invested Capital(Q: Jun. 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))
=118254 - 3429 - ( 7689 - max(0, 27356 - 30539+7689))
=111642

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))
=149556.182 - 15504.693 - ( 16633.291 - max(0, 47299.289 - 44783.204+16633.291))
=136567.574

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

ALTEO Energy Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5746.632/( ( (56233 + max(-7214, 0)) + (77949.547 + max(-14764.691, 0)) )/ 2 )
=5746.632/( ( 56233 + 77949.547 )/ 2 )
=5746.632/67091.2735
=8.57 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8913 + 1322 + 4142) - (3429 + 0 + 18162)
=-7214

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13250.753 + 2208.696 + 5026.629) - (15504.693 + 0 + 19746.076)
=-14764.691

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

ALTEO Energy Services's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=2003.811/68937.197
=2.91 %

* 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.

ALTEO Energy Services Operating Income Related Terms

ALTEO Energy Services Operating Income Historical Data

* Premium members only.

The historical data trend for ALTEO Energy Services'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.

ALTEO Energy Services Operating Income Chart

ALTEO Energy Services 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 9,466.97 18,790.47 18,874.54 15,837.29 9,527.81

ALTEO Energy Services Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 3,488.54 10,816.00 5,021.29 7,524.00 2,003.81
BUD:ALTEO
76GF Score
ALTEO Energy Services PLC BUD:ALTEO
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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ALTEO Energy Services 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was Ft9,528 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 Ft9,528 Mil mean?
ALTEO Energy Services (BUD:ALTEO) has a Operating Income of Ft9,528 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on ALTEO Energy Services and its competitors.
Is ALTEO Energy Services' Operating Income too high?
ALTEO Energy Services' current Operating Income is Ft9,528 Mil. Overall, ALTEO Energy Services has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ALTEO Energy Services' Operating Income compare to competitors?
ALTEO Energy Services' Operating Income of Ft9,528 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 ALTEO Energy Services and its competitors. ALTEO Energy Services's current Operating Income is Ft9,528 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ALTEO Energy Services stock overvalued right now?
Based on GuruFocus' analysis, ALTEO Energy Services (BUD:ALTEO) is currently considered Possible Value Trap. The stock's GF Value™ is Ft5,232.83, compared to a current price of Ft3,510.00 — trading 32.9% below its estimated fair value. The current Operating Income is Ft9,528 Mil. ALTEO Energy Services' overall GF Score™ is 76/100 with 7 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 ALTEO Energy Services (BUD:ALTEO), the current Operating Income is Ft9,528 Mil as of Dec. 2025. 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 ALTEO Energy Services (BUD:ALTEO) Overvalued in 2026?

Based on GuruFocus' analysis, ALTEO Energy Services stock appears to be undervalued. The current stock price of Ft3,510.00 is trading 32.9% below its estimated GF Value™ of Ft5,232.83. GuruFocus considers ALTEO Energy Services to be Possible Value Trap.

Key valuation signals for BUD:ALTEO:

  • Operating Income: Ft9,528 Mil
  • GF Value™: Ft5,232.83 vs. price of Ft3,510.00 (32.9% below fair value)
  • GF Score™: 76/100 with 7 warning signs

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

ALTEO Energy Services Business Description

Other Exchanges 54O:Germany
Address Dombovari ut 25, Budapest, HUN, 1117
ALTEO Energy Services PLC operates in the utility industry in Hungary. Its segments includes, Retail energy trade, Renewables-based energy production, Heat and electricity production and management, Circular economy, Energy services, and Other. It derives maximum revenue from Heat and electricity production and management segment. The Heat and electricity production and management segment includes Heat and Non-renewable Electricity Production, Ancillary Services, Renewable Production Management. Geographically, all the operations of the company are conducted in Hungary.
76GF Score

Get the complete analysis for BUD:ALTEO

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

Ft3,510.00
Price
Ft5,232.83
GF Value