Jet Contractors (CAS:JET) Operating Income: MAD4,548 Mil (TTM As of Dec. 2025)

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CAS:JET Jet Contractors SA CAS:JET
39 GF Score
Price MAD2,000.00
GF Value MAD1,235.73
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Jet Contractors Operating Income?

Jet Contractors CAS:JET -2.39% 39 Operating Income is MAD4,548 Mil as of Dec. 2025. GuruFocus rates CAS:JET with a GF Score™ of 39/100 and a GF Value™ of MAD1,235.73 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Jet Contractors's Operating Income for the six months ended in Dec. 2025 was MAD1,695 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was MAD4,548 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Jet Contractors's Operating Income for the six months ended in Dec. 2025 was MAD1,695 Mil. Jet Contractors's Revenue for the six months ended in Dec. 2025 was MAD23,880 Mil. Therefore, Jet Contractors's Operating Margin % for the quarter that ended in Dec. 2025 was 7.10%.

Good Sign:

Jet Contractors SA operating margin is expanding. Margin expansion is usually a good sign.

Jet Contractors's 5-Year average Growth Rate for Operating Margin % was 12.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jet Contractors's annualized ROC % for the quarter that ended in Dec. 2025 was 5.29%. Jet Contractors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 32.98%.


Jet Contractors  (CAS:JET) Operating Income Explanation

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

Jet Contractors'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 )
=3389.086 * ( 1 - 42.92% )/( (35638.691 + 37516.151)/ 2 )
=1934.4902888/36577.421
=5.29 %

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))
=57685.996 - 18932.129 - ( 3115.176 - max(0, 30827.263 - 52852.308+3115.176))
=35638.691

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))
=65556.493 - 21852.324 - ( 6188.018 - max(0, 37741.712 - 58240.733+6188.018))
=37516.151

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:

Jet Contractors'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 )
=4408.854/( ( (3467.453 + max(10919.281, 0)) + (5791.728 + max(6556.341, 0)) )/ 2 )
=4408.854/( ( 14386.734 + 12348.069 )/ 2 )
=4408.854/13367.4015
=32.98 %

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)
=(30295.392 + 11451.152 + -7.2759576141834E-12) - (18932.129 + 0 + 11895.134)
=10919.281

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34222.348 + 10075.705 + -7.2759576141834E-12) - (21852.324 + 0 + 15889.388)
=6556.341

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 %:

Jet Contractors'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 )
=1694.543/23880.49
=7.10 %

* 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.


Jet Contractors Operating Income Related Terms


Jet Contractors Operating Income Historical Data

* Premium members only.

The historical data trend for Jet Contractors'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.

Jet Contractors Operating Income Chart

Jet Contractors Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 1,037.08 1,188.68 1,540.26 2,855.12 4,591.23

Jet Contractors Semi-Annual Data
Dec19 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 967.56 1,939.09 968.83 2,853.25 1,694.54
CAS:JET
39GF Score
Jet Contractors SA CAS:JET
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jet Contractors 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 MAD4,548 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 MAD4,548 Mil mean?
Jet Contractors (CAS:JET) has a Operating Income of MAD4,548 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Jet Contractors and its competitors.
Is Jet Contractors' Operating Income too high?
Jet Contractors' current Operating Income is MAD4,548 Mil. Overall, Jet Contractors has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jet Contractors' Operating Income compare to CRH and VMC?
Jet Contractors' Operating Income of MAD4,548 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Operating Income depends on the Building Materials 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 Jet Contractors and its competitors. Jet Contractors's current Operating Income is MAD4,548 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jet Contractors stock overvalued right now?
Based on GuruFocus' analysis, Jet Contractors (CAS:JET) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD1,235.73, compared to a current price of MAD2,000.00 — trading 61.8% above its estimated fair value. The current Operating Income is MAD4,548 Mil. Jet Contractors' overall GF Score™ is 39/100 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 Jet Contractors (CAS:JET), the current Operating Income is MAD4,548 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 Jet Contractors (CAS:JET) Overvalued in 2026?

Based on GuruFocus' analysis, Jet Contractors stock appears to be overvalued. The current stock price of MAD2,000.00 is trading 61.8% above its estimated GF Value™ of MAD1,235.73. GuruFocus considers Jet Contractors to be Significantly Overvalued.

Key valuation signals for CAS:JET:

  • Operating Income: MAD4,548 Mil
  • GF Value™: MAD1,235.73 vs. price of MAD2,000.00 (61.8% above fair value)
  • GF Score™: 39/100 with 5 warning signs

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


Jet Contractors Business Description

Address Industrial District of Oued Ykkem, Skhirate, MAR, CP 12040
Jet Contractors SA is a general contractor. The company is engaged in general contracting, construction of complex architectural projects, wood and metallic structures, fiber-reinforced concrete architecture, and production of solar panels. The company handles feasibility studies, consulting, design, manufacturing, delivery, and installation of building projects.
39GF Score

Get the complete analysis for CAS:JET

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

MAD2,000.00
Price
MAD1,235.73
GF Value