CMT - Compagnie Miniere de Touissit (CAS:CMT) Operating Income: MAD387.8 Mil (TTM As of Dec. 2025)

What is CMT - Compagnie Miniere de Touissit Operating Income?

CMT - Compagnie Miniere de Touissit CAS:CMT -4.11% 62 Operating Income is MAD387.8 Mil as of Dec. 2025. GuruFocus rates CAS:CMT with a GF Score™ of 62/100 and a GF Value™ of MAD2,028.25 (Significantly Overvalued). The stock has 6 warning signs investors should review.

CMT - Compagnie Miniere de Touissit's Operating Income for the six months ended in Dec. 2025 was MAD188.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was MAD387.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. CMT - Compagnie Miniere de Touissit's Operating Income for the six months ended in Dec. 2025 was MAD188.9 Mil. CMT - Compagnie Miniere de Touissit's Revenue for the six months ended in Dec. 2025 was MAD348.1 Mil. Therefore, CMT - Compagnie Miniere de Touissit's Operating Margin % for the quarter that ended in Dec. 2025 was 54.27%.

Good Sign:

CMT - Compagnie Miniere de Touissit operating margin is expanding. Margin expansion is usually a good sign.

CMT - Compagnie Miniere de Touissit's 5-Year average Growth Rate for Operating Margin % was 8.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CMT - Compagnie Miniere de Touissit's annualized ROC % for the quarter that ended in Dec. 2025 was 14.34%. CMT - Compagnie Miniere de Touissit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 45.41%.

CMT - Compagnie Miniere de Touissit (CAS:CMT) Operating Income Explanation

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

CMT - Compagnie Miniere de Touissit'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 )
=	377.886 * ( 1 - 34% )	/	( (1665.235	+	1812.775)	/ 2 )
=	249.40476	/	1739.005
=	14.34 %

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	))
=	1792.973	-	80.458	-	( 47.28	-	max(0, 80.458	-	763.254	+	47.28	))
=	1665.235

	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	))
=	1921.575	-	80.086	-	( 28.714	-	max(0, 80.086	-	857.512	+	28.714	))
=	1812.775

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:

CMT - Compagnie Miniere de Touissit'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 )
=	377.886	/	( ( (515.078 + max(302.34, 0))	+	(530.602 + max(316.323, 0)) )	/	2 )
=	377.886	/	( ( 817.418	+	846.925 )	/	2 )
=	377.886	/	832.1715
=	45.41 %

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)
=	(270.166	+	53.126	+	59.506)	-	(80.458	+	0	+	0)
=	302.34

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(311.231	+	85.179	+	-0.00099999999997635)	-	(80.086	+	0	+	0)
=	316.323

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 %:

CMT - Compagnie Miniere de Touissit'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 )
	=	188.943	/	348.143
	=	54.27 %

* 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.

CMT - Compagnie Miniere de Touissit Operating Income Related Terms

CMT - Compagnie Miniere de Touissit Operating Income Historical Data

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The historical data trend for CMT - Compagnie Miniere de Touissit's Operating Income can be seen below:

CMT - Compagnie Miniere de Touissit Operating Income Chart

CMT - Compagnie Miniere de Touissit Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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189.92

295.75

305.50

297.57

387.85

CMT - Compagnie Miniere de Touissit 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															166.50	143.75	153.81	198.91	188.94

62GF Score

CMT - Compagnie Miniere de Touissit CAS:CMT

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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CMT - Compagnie Miniere de Touissit 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 MAD387.8 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of MAD387.8 Mil mean?

CMT - Compagnie Miniere de Touissit (CAS:CMT) has a Operating Income of MAD387.8 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on CMT - Compagnie Miniere de Touissit and its competitors.

Is CMT - Compagnie Miniere de Touissit's Operating Income too high?

CMT - Compagnie Miniere de Touissit's current Operating Income is MAD387.8 Mil. Overall, CMT - Compagnie Miniere de Touissit has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does CMT - Compagnie Miniere de Touissit's Operating Income compare to competitors?

CMT - Compagnie Miniere de Touissit's Operating Income of MAD387.8 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?

A good Operating Income depends on the Metals & Mining 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 CMT - Compagnie Miniere de Touissit and its competitors. CMT - Compagnie Miniere de Touissit's current Operating Income is MAD387.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CMT - Compagnie Miniere de Touissit stock overvalued right now?

Based on GuruFocus' analysis, CMT - Compagnie Miniere de Touissit (CAS:CMT) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD2,028.25, compared to a current price of MAD4,600.00 — trading 126.8% above its estimated fair value. The current Operating Income is MAD387.8 Mil. CMT - Compagnie Miniere de Touissit's overall GF Score™ is 62/100 with 6 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 CMT - Compagnie Miniere de Touissit (CAS:CMT), the current Operating Income is MAD387.8 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 CMT - Compagnie Miniere de Touissit (CAS:CMT) Overvalued in 2026?

Based on GuruFocus' analysis, CMT - Compagnie Miniere de Touissit stock appears to be overvalued. The current stock price of MAD4,600.00 is trading 126.8% above its estimated GF Value™ of MAD2,028.25. GuruFocus considers CMT - Compagnie Miniere de Touissit to be Significantly Overvalued.

Key valuation signals for CAS:CMT:

Operating Income: MAD387.8 Mil
GF Value™: MAD2,028.25 vs. price of MAD4,600.00 (126.8% above fair value)
GF Score™: 62/100 with 6 warning signs

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

CMT - Compagnie Miniere de Touissit Business Description

Industry Basic Materials Metals & Mining

Comparable Companies CAS:SMI ASX:BHP ASX:RIO LSE:RIO MEX:GMEXICOB LSE:GLEN BSP:VALE3 SAU:1211 LSE:AAL HKSE:03993 ASX:FMG SZSE:000657 TSX:TECK.B SHSE:600111 BOM:500188 SHSE:600549 MEX:PE&OLES OSTO:BOL CAS:MNG XKRX:010130

Address 88-90 Rue Larbi DOGHMI, 3rd floor, Casablanca, MAR, 20000

Website https://www.cmt.ma

CMT - Compagnie Miniere de Touissit is engaged in the production of high-quality silver and lead concentrates. It also produces silver zinc concentrates. Established in Eastern Morocco and then in the Middle Atlas, it currently operates the Tighza Mine in Morocco.

62GF Score

Get the complete analysis for CAS:CMT

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

MAD4,600.00

Price

MAD2,028.25

GF Value

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