CresudCIF y A (BUE:CRES) Operating Income: ARS183,746 Mil (TTM As of Mar. 2026)

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BUE:CRES Cresud SACIF y A BUE:CRES
45 GF Score
Price ARS1,946.00
GF Value ARS1,191.90
Valuation Significantly Overvalued
! 15 Warning Signs
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What is CresudCIF y A Operating Income?

CresudCIF y A BUE:CRES -3.23% 45 Operating Income is ARS183,746 Mil as of Mar. 2026. GuruFocus rates BUE:CRES with a GF Score™ of 45/100 and a GF Value™ of ARS1,191.90 (Significantly Overvalued). The stock has 15 warning signs investors should review.

CresudCIF y A's Operating Income for the three months ended in Mar. 2026 was ARS45,851 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ARS183,746 Mil.

Warning Sign:

Cresud SACIF y A has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. CresudCIF y A's Operating Income for the three months ended in Mar. 2026 was ARS45,851 Mil. CresudCIF y A's Revenue for the three months ended in Mar. 2026 was ARS252,687 Mil. Therefore, CresudCIF y A's Operating Margin % for the quarter that ended in Mar. 2026 was 18.15%.

Warning Sign:

Cresud SACIF y A operating margin has been in a 5-year decline. The average rate of decline per year is -7.9%.

CresudCIF y A'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. CresudCIF y A's annualized ROC % for the quarter that ended in Mar. 2026 was 3.40%. CresudCIF y A's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.78%.


CresudCIF y A  (BUE:CRES) Operating Income Explanation

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

CresudCIF y A'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 )
=183404 * ( 1 - 0% )/( (5325520 + 5456137)/ 2 )
=183404/5390828.5
=3.40 %

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))
=6319229 - 519541 - ( 720086 - max(0, 1112451 - 1586619+720086))
=5325520

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))
=6507496 - 562197 - ( 657021 - max(0, 1131838 - 1621000+657021))
=5456137

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

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

CresudCIF y A'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 )
=241272/( ( (1103358 + max(336336, 0)) + (1059090 + max(377072, 0)) )/ 2 )
=241272/( ( 1439694 + 1436162 )/ 2 )
=241272/1437928
=16.78 %

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)
=(460912 + 393452 + 11623) - (519541 + 0 + 10110)
=336336

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(519771 + 427460 + 15748) - (562197 + 0 + 23710)
=377072

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 %:

CresudCIF y A'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 )
=45851/252687
=18.15 %

* 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.


CresudCIF y A Operating Income Related Terms


CresudCIF y A Operating Income Historical Data

* Premium members only.

The historical data trend for CresudCIF y A'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.

CresudCIF y A Operating Income Chart

CresudCIF y A Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44,797.00 180,814.00 130,669.00 195,213.00 163,091.00

CresudCIF y A 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 59,808.00 6,252.00 60,912.00 70,731.00 45,851.00
BUE:CRES
45GF Score
Cresud SACIF y A BUE:CRES
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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CresudCIF y A 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 ARS183,746 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 ARS183,746 Mil mean?
CresudCIF y A (BUE:CRES) has a Operating Income of ARS183,746 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on CresudCIF y A and its competitors.
Is CresudCIF y A's Operating Income too high?
CresudCIF y A's current Operating Income is ARS183,746 Mil. Overall, CresudCIF y A has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CresudCIF y A's Operating Income compare to MMM and HON?
CresudCIF y A's Operating Income of ARS183,746 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Operating Income depends on the Conglomerates 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 CresudCIF y A and its competitors. CresudCIF y A's current Operating Income is ARS183,746 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CresudCIF y A stock overvalued right now?
Based on GuruFocus' analysis, CresudCIF y A (BUE:CRES) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS1,191.90, compared to a current price of ARS1,946.00 — trading 63.3% above its estimated fair value. The current Operating Income is ARS183,746 Mil. CresudCIF y A's overall GF Score™ is 45/100 with 15 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 CresudCIF y A (BUE:CRES), the current Operating Income is ARS183,746 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 CresudCIF y A (BUE:CRES) Overvalued in 2026?

Based on GuruFocus' analysis, CresudCIF y A stock appears to be overvalued. The current stock price of ARS1,946.00 is trading 63.3% above its estimated GF Value™ of ARS1,191.90. GuruFocus considers CresudCIF y A to be Significantly Overvalued.

Key valuation signals for BUE:CRES:

  • Operating Income: ARS183,746 Mil
  • GF Value™: ARS1,191.90 vs. price of ARS1,946.00 (63.3% above fair value)
  • GF Score™: 45/100 with 15 warning signs

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


CresudCIF y A Business Description

Other Exchanges CRESY:USACD8:Germany
Address Carlos M. Della Paolera 261, 9th Floor, Buenos Aires, ARG, C1001ADA
Cresud SACIF y A is a Latin American agricultural firm producing basic commodities with a growing presence in Argentina, Brazil, and other countries through its investment in Brasilagro. It focuses on grains, sugarcane, and cattle farming, acquiring and developing agricultural properties for production or value appreciation, and occasionally selling appreciated land. It also leases land and offers agency and agro-industrial services. Operations are divided into two segments: agricultural business (production, land transformation and sales, corporate services) and urban properties and investments (shopping malls, offices, sales, developments, hotels, and related activities).
45GF Score

Get the complete analysis for BUE:CRES

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

ARS1,946.00
Price
ARS1,191.90
GF Value