Boliden AB (CHIX:BOLS) Operating Income: kr15,370 Mil (TTM As of Mar. 2026)

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CHIX:BOLS Boliden AB CHIX:BOLS
93 GF Score
Price kr499.35
GF Value kr394.67
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Boliden AB Operating Income?

Boliden AB CHIX:BOLS -6.21% 93 Operating Income is kr15,370 Mil as of Mar. 2026. GuruFocus rates CHIX:BOLS with a GF Score™ of 93/100 and a GF Value™ of kr394.67 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Boliden AB's Operating Income for the three months ended in Mar. 2026 was kr5,245 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr15,370 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Boliden AB's Operating Income for the three months ended in Mar. 2026 was kr5,245 Mil. Boliden AB's Revenue for the three months ended in Mar. 2026 was kr27,822 Mil. Therefore, Boliden AB's Operating Margin % for the quarter that ended in Mar. 2026 was 18.85%.

Warning Sign:

Boliden AB operating margin has been in a 5-year decline. The average rate of decline per year is -6%.

Boliden AB's 5-Year average Growth Rate for Operating Margin % was -6.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Boliden AB's annualized ROC % for the quarter that ended in Mar. 2026 was 13.70%. Boliden AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.66%.


Boliden AB  (CHIX:BOLs) Operating Income Explanation

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

Boliden AB'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 )
=20980 * ( 1 - 21.36% )/( (118323 + 122503)/ 2 )
=16498.672/120413
=13.70 %

where

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

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

Boliden AB'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 )
=21200/( ( (97670 + max(8715, 0)) + (99777 + max(9536, 0)) )/ 2 )
=21200/( ( 106385 + 109313 )/ 2 )
=21200/107849
=19.66 %

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)
=(5558 + 24078 + 1650) - (15836 + 0 + 6735)
=8715

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5391 + 27043 + 685) - (16131 + 0 + 7452)
=9536

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 %:

Boliden AB'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 )
=5245/27822
=18.85 %

* 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.


Boliden AB Operating Income Related Terms


Boliden AB Operating Income Historical Data

* Premium members only.

The historical data trend for Boliden AB'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.

Boliden AB Operating Income Chart

Boliden AB 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 10,839.00 15,414.00 7,849.00 10,071.00 12,837.00

Boliden AB 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 3,063.00 1,090.00 3,237.00 5,798.00 5,245.00
CHIX:BOLS
93GF Score
Boliden AB CHIX:BOLS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Boliden AB 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 kr15,370 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 kr15,370 Mil mean?
Boliden AB (CHIX:BOLS) has a Operating Income of kr15,370 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Boliden AB and its competitors.
Is Boliden AB's Operating Income too high?
Boliden AB's current Operating Income is kr15,370 Mil. Overall, Boliden AB has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Boliden AB's Operating Income compare to competitors?
Boliden AB's Operating Income of kr15,370 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 Boliden AB and its competitors. Boliden AB's current Operating Income is kr15,370 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boliden AB stock overvalued right now?
Based on GuruFocus' analysis, Boliden AB (CHIX:BOLS) is currently considered Modestly Overvalued. The stock's GF Value™ is kr394.67, compared to a current price of kr499.35 — trading 26.5% above its estimated fair value. The current Operating Income is kr15,370 Mil. Boliden AB's overall GF Score™ is 93/100 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 Boliden AB (CHIX:BOLS), the current Operating Income is kr15,370 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 Boliden AB (CHIX:BOLS) Overvalued in 2026?

Based on GuruFocus' analysis, Boliden AB stock appears to be overvalued. The current stock price of kr499.35 is trading 26.5% above its estimated GF Value™ of kr394.67. GuruFocus considers Boliden AB to be Modestly Overvalued.

Key valuation signals for CHIX:BOLS:

  • Operating Income: kr15,370 Mil
  • GF Value™: kr394.67 vs. price of kr499.35 (26.5% above fair value)
  • GF Score™: 93/100 with 7 warning signs

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


Boliden AB Business Description

Address Klarabergsviadukten 90, P.O. Box 44, Stockholm, SWE, SE-101 20
Boliden AB operates Mines and smelters in Sweden, Norway, Finland, and Ireland. The company processes zinc, copper, gold, silver and other metals and is engaged in exploration, mining, smelting, and metals recycling. The company has two operating segments: the business area smelters and the business area mines. The business area mines division comprises mining areas: Aitik, the Boliden Area, and Garpenberg in Sweden; Kevitsa in Finland; and the Tara mine in Ireland. It includes both underground mines and open-pit mines. The company generates maximum revenue from the Business area Smelters segment.
93GF Score

Get the complete analysis for CHIX:BOLS

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

kr499.35
Price
kr394.67
GF Value