Morixe Hermanos (BUE:MORI) Operating Income: ARS-5,492 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUE:MORI Morixe Hermanos SA BUE:MORI
58 GF Score
Price ARS24.90
GF Value ARS43.23
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Morixe Hermanos Operating Income?

Morixe Hermanos BUE:MORI -1.58% 58 Operating Income is ARS-5,492 Mil as of Mar. 2026. GuruFocus rates BUE:MORI with a GF Score™ of 58/100 and a GF Value™ of ARS43.23 (Possible Value Trap). The stock has 5 warning signs investors should review.

Morixe Hermanos's Operating Income for the three months ended in Mar. 2026 was ARS-1,367 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ARS-5,492 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Morixe Hermanos's Operating Income for the three months ended in Mar. 2026 was ARS-1,367 Mil. Morixe Hermanos's Revenue for the three months ended in Mar. 2026 was ARS35,886 Mil. Therefore, Morixe Hermanos's Operating Margin % for the quarter that ended in Mar. 2026 was -3.81%.

Morixe Hermanos'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. Morixe Hermanos's annualized ROC % for the quarter that ended in Mar. 2026 was -3.54%. Morixe Hermanos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3.99%.


Morixe Hermanos  (BUE:MORI) Operating Income Explanation

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

Morixe Hermanos'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 )
=-5467.196 * ( 1 - 31.85% )/( (98643.074 + 111784.819)/ 2 )
=-3725.894074/105213.9465
=-3.54 %

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))
=137762.158 - 31655.754 - ( 14923.04 - max(0, 58090.983 - 65554.313+14923.04))
=98643.074

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))
=149415.793 - 33959.127 - ( 15454.447 - max(0, 67821.186 - 71493.033+15454.447))
=111784.819

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

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

Morixe Hermanos'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 )
=-3321.204/( ( (62439.46 + max(16948.678, 0)) + (67919.415 + max(19052.731, 0)) )/ 2 )
=-3321.204/( ( 79388.138 + 86972.146 )/ 2 )
=-3321.204/83180.142
=-3.99 %

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)
=(15738.874 + 24997.055 + 8777.939) - (31655.754 + 0 + 909.43599999999)
=16948.678

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(16112.776 + 27500.32 + 10509.261) - (33959.127 + 0 + 1110.499)
=19052.731

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 %:

Morixe Hermanos'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 )
=-1366.799/35885.792
=-3.81 %

* 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.


Morixe Hermanos Operating Income Related Terms


Morixe Hermanos Operating Income Historical Data

* Premium members only.

The historical data trend for Morixe Hermanos'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.

Morixe Hermanos Operating Income Chart

Morixe Hermanos Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 825.42 1,003.18 7,179.80 15,031.46 -5,752.74

Morixe Hermanos Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 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 -1,913.14 -1,064.27 -1,322.88 -1,737.88 -1,366.80
BUE:MORI
58GF Score
Morixe Hermanos SA BUE:MORI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morixe Hermanos 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 ARS-5,492 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 ARS-5,492 Mil mean?
Morixe Hermanos (BUE:MORI) has a Operating Income of ARS-5,492 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Morixe Hermanos and its competitors.
Is Morixe Hermanos' Operating Income too high?
Morixe Hermanos' current Operating Income is ARS-5,492 Mil. Overall, Morixe Hermanos has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Morixe Hermanos' Operating Income compare to ADM and BG?
Morixe Hermanos' Operating Income of ARS-5,492 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Morixe Hermanos and its competitors. Morixe Hermanos's current Operating Income is ARS-5,492 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morixe Hermanos stock overvalued right now?
Based on GuruFocus' analysis, Morixe Hermanos (BUE:MORI) is currently considered Possible Value Trap. The stock's GF Value™ is ARS43.23, compared to a current price of ARS24.90 — trading 42.4% below its estimated fair value. The current Operating Income is ARS-5,492 Mil. Morixe Hermanos' overall GF Score™ is 58/100 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 Morixe Hermanos (BUE:MORI), the current Operating Income is ARS-5,492 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 Morixe Hermanos (BUE:MORI) Overvalued in 2026?

Based on GuruFocus' analysis, Morixe Hermanos stock appears to be undervalued. The current stock price of ARS24.90 is trading 42.4% below its estimated GF Value™ of ARS43.23. GuruFocus considers Morixe Hermanos to be Possible Value Trap.

Key valuation signals for BUE:MORI:

  • Operating Income: ARS-5,492 Mil
  • GF Value™: ARS43.23 vs. price of ARS24.90 (42.4% below fair value)
  • GF Score™: 58/100 with 5 warning signs

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


Morixe Hermanos Business Description

Address Esmeralda 1320 7 A, Buenos Aires, ARG, 1405
Morixe Hermanos SA operates in the Argentine mill industry. The company is engaged in the milling, industrialization, conditioning, buying and selling, import and export of flour, semolina, agricultural raw materials, by-products and derivatives.
58GF Score

Get the complete analysis for BUE:MORI

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

ARS24.90
Price
ARS43.23
GF Value