Netcompany Group AS (CHIX:NETCC) Operating Income: kr929 Mil (TTM As of Mar. 2026)


CHIX:NETCC Netcompany Group AS CHIX:NETCC
91 GF Score
Price kr301.80
GF Value kr401.55
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Netcompany Group AS Operating Income?

Netcompany Group AS CHIX:NETCC 91 Operating Income is kr929 Mil as of Mar. 2026. GuruFocus rates CHIX:NETCC with a GF Score™ of 91/100 and a GF Value™ of kr401.55 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Netcompany Group AS's Operating Income for the three months ended in Mar. 2026 was kr241 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr929 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Netcompany Group AS's Operating Income for the three months ended in Mar. 2026 was kr241 Mil. Netcompany Group AS's Revenue for the three months ended in Mar. 2026 was kr2,414 Mil. Therefore, Netcompany Group AS's Operating Margin % for the quarter that ended in Mar. 2026 was 9.99%.

Warning Sign:

Netcompany Group AS operating margin has been in a 5-year decline. The average rate of decline per year is -14.2%.

Netcompany Group AS's 5-Year average Growth Rate for Operating Margin % was -14.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Netcompany Group AS's annualized ROC % for the quarter that ended in Mar. 2026 was 7.74%. Netcompany Group AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 88.66%.


Netcompany Group AS  (CHIX:NETCc) Operating Income Explanation

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

Netcompany Group AS'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 )
=964.4 * ( 1 - 27.93% )/( (9172.8 + 8780)/ 2 )
=695.04308/8976.4
=7.74 %

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:

Netcompany Group AS'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 )
=925.6/( ( (1025.5 + max(-887.4, 0)) + (1062.5 + max(-781.1, 0)) )/ 2 )
=925.6/( ( 1025.5 + 1062.5 )/ 2 )
=925.6/1044
=88.66 %

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)
=(1373.1 + 0 + 270.1) - (753.2 + 0 + 1777.4)
=-887.4

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1508.9 + 0 + 324.7) - (1488.2 + 0 + 1126.5)
=-781.1

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 %:

Netcompany Group AS'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 )
=241.1/2413.9
=9.99 %

* 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.


Netcompany Group AS Operating Income Related Terms


Netcompany Group AS Operating Income Historical Data

* Premium members only.

The historical data trend for Netcompany Group AS'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.

Netcompany Group AS Operating Income Chart

Netcompany Group AS 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 741.37 834.10 578.20 793.50 917.10

Netcompany Group AS 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 228.80 139.90 261.80 286.40 241.10
CHIX:NETCC
91GF Score
Netcompany Group AS CHIX:NETCC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Netcompany Group AS 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 kr929 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 kr929 Mil mean?
Netcompany Group AS (CHIX:NETCC) has a Operating Income of kr929 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Netcompany Group AS and its competitors.
Is Netcompany Group AS's Operating Income too high?
Netcompany Group AS's current Operating Income is kr929 Mil. Overall, Netcompany Group AS has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netcompany Group AS's Operating Income compare to IBM and ACN?
Netcompany Group AS's Operating Income of kr929 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 Netcompany Group AS and its competitors. Netcompany Group AS's current Operating Income is kr929 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcompany Group AS stock overvalued right now?
Based on GuruFocus' analysis, Netcompany Group AS (CHIX:NETCC) is currently considered Modestly Undervalued. The stock's GF Value™ is kr401.55, compared to a current price of kr301.80 — trading 24.8% below its estimated fair value. The current Operating Income is kr929 Mil. Netcompany Group AS's overall GF Score™ is 91/100 with 3 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 Netcompany Group AS (CHIX:NETCC), the current Operating Income is kr929 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 Netcompany Group AS (CHIX:NETCC) Overvalued in 2026?

Based on GuruFocus' analysis, Netcompany Group AS stock appears to be undervalued. The current stock price of kr301.80 is trading 24.8% below its estimated GF Value™ of kr401.55. GuruFocus considers Netcompany Group AS to be Modestly Undervalued.

Key valuation signals for CHIX:NETCC:

  • Operating Income: kr929 Mil
  • GF Value™: kr401.55 vs. price of kr301.80 (24.8% below fair value)
  • GF Score™: 91/100 with 3 warning signs

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


Netcompany Group AS Business Description

Other Exchanges 0YH9:UKNETC:Denmark
Address Strandgade 3, Copenhagen, DNK, 1401
Netcompany Group AS is an information technology services company. The company is engaged in delivering business-critical IT solutions to large Public and Private sector customers and supporting them in their digital transformation journeys. Its offerings include software solutions and digital platforms such as Pulse, Easley AI and Solon Tax among others. The company's business segments are Denmark, SEE & EUI, the United Kingdom, Norway, the Netherlands and Banking Services. It generates the majority of revenue from the Denmark segment.
91GF Score

Get the complete analysis for CHIX:NETCC

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

kr301.80
Price
kr401.55
GF Value