Stolt-Nielsen (CHIX:SNIO) Operating Income: kr3,285 Mil (TTM As of May. 2026)


CHIX:SNIO Stolt-Nielsen Ltd CHIX:SNIO
81 GF Score
Price kr309.50
GF Value kr319.07
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Stolt-Nielsen Operating Income?

Stolt-Nielsen CHIX:SNIO 81 Operating Income is kr3,285 Mil as of May. 2026. GuruFocus rates CHIX:SNIO with a GF Score™ of 81/100 and a GF Value™ of kr319.07 (Fairly Valued). The stock has 4 warning signs investors should review.

Stolt-Nielsen's Operating Income for the three months ended in May. 2026 was kr749 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2026 was kr3,285 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Stolt-Nielsen's Operating Income for the three months ended in May. 2026 was kr749 Mil. Stolt-Nielsen's Revenue for the three months ended in May. 2026 was kr6,941 Mil. Therefore, Stolt-Nielsen's Operating Margin % for the quarter that ended in May. 2026 was 10.80%.

Good Sign:

Stolt-Nielsen Ltd operating margin is expanding. Margin expansion is usually a good sign.

Stolt-Nielsen's 5-Year average Growth Rate for Operating Margin % was 13.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Stolt-Nielsen's annualized ROC % for the quarter that ended in May. 2026 was 4.86%. Stolt-Nielsen's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 9.39%.


Stolt-Nielsen  (CHIX:SNIo) Operating Income Explanation

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

Stolt-Nielsen's annualized ROC % for the quarter that ended in May. 2026 is calculated as:

ROC % (Q: May. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2026 ) + Invested Capital (Q: May. 2026 ))/ count )
=2997.288 * ( 1 - 13.99% )/( (53974.383 + 52216.751)/ 2 )
=2577.9674088/53095.567
=4.86 %

where

Invested Capital(Q: Feb. 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))
=55984.659 - 1348.946 - ( 1280.964 - max(0, 10070.217 - 10731.547+1280.964))
=53974.383

Invested Capital(Q: May. 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))
=53709.863 - 1262.771 - ( 884.729 - max(0, 10138.948 - 10369.289+884.729))
=52216.751

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

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

Stolt-Nielsen's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2026  Q: May. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3477.452/( ( (34824.847 + max(2941.629, 0)) + (33106.628 + max(3213.27, 0)) )/ 2 )
=3477.452/( ( 37766.476 + 36319.898 )/ 2 )
=3477.452/37043.187
=9.39 %

where Working Capital is:

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3595.096 + 777.912 + 5077.575) - (1348.946 + 0 + 5160.008)
=2941.629

Working Capital(Q: May. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3540.644 + 760.691 + 5183.225) - (1262.771 + 0 + 5008.519)
=3213.27

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Stolt-Nielsen's Operating Margin % for the quarter that ended in May. 2026 is calculated as:

Operating Margin %=Operating Income (Q: May. 2026 )/Revenue (Q: May. 2026 )
=749.322/6940.813
=10.80 %

* 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.


Stolt-Nielsen Operating Income Related Terms


Stolt-Nielsen Operating Income Historical Data

* Premium members only.

The historical data trend for Stolt-Nielsen'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.

Stolt-Nielsen Operating Income Chart

Stolt-Nielsen Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,736.01 3,961.63 3,875.43 5,190.49 3,905.68

Stolt-Nielsen Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 1,047.82 1,022.62 849.15 664.36 749.32
CHIX:SNIO
81GF Score
Stolt-Nielsen Ltd CHIX:SNIO
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Stolt-Nielsen 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 May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr3,285 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 kr3,285 Mil mean?
Stolt-Nielsen (CHIX:SNIO) has a Operating Income of kr3,285 Mil as of May. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Stolt-Nielsen and its competitors.
Is Stolt-Nielsen's Operating Income too high?
Stolt-Nielsen's current Operating Income is kr3,285 Mil. Overall, Stolt-Nielsen has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Stolt-Nielsen's Operating Income compare to competitors?
Stolt-Nielsen's Operating Income of kr3,285 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Operating Income depends on the Transportation 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 Stolt-Nielsen and its competitors. Stolt-Nielsen's current Operating Income is kr3,285 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stolt-Nielsen stock overvalued right now?
Based on GuruFocus' analysis, Stolt-Nielsen (CHIX:SNIO) is currently considered Fairly Valued. The stock's GF Value™ is kr319.07, compared to a current price of kr309.50 — trading 3% below its estimated fair value. The current Operating Income is kr3,285 Mil. Stolt-Nielsen's overall GF Score™ is 81/100 with 4 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 Stolt-Nielsen (CHIX:SNIO), the current Operating Income is kr3,285 Mil as of May. 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 Stolt-Nielsen (CHIX:SNIO) Overvalued in 2026?

Based on GuruFocus' analysis, Stolt-Nielsen stock appears to be undervalued. The current stock price of kr309.50 is trading 3% below its estimated GF Value™ of kr319.07. GuruFocus considers Stolt-Nielsen to be Fairly Valued.

Key valuation signals for CHIX:SNIO:

  • Operating Income: kr3,285 Mil
  • GF Value™: kr319.07 vs. price of kr309.50 (3% below fair value)
  • GF Score™: 81/100 with 4 warning signs

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


Stolt-Nielsen Business Description

Address 2 Church Street, Clarendon House, Hamilton, BMU, HM 11
Stolt-Nielsen Ltd is a transportation and logistics company domiciled in Bermuda. The company organizes itself into five business segments: Tankers, Terminals, Tank Containers, Stolt Sea Farm, and Stolt-Nielsen Gas. The Group generates the majority of its operating revenue through its tanker segment from the transportation of liquids by sea and inland waterways under contracts of affreightment or through contracts on the spot market. Geographically, the company generates a majority of its revenue from the United States and the rest from Belgium, China, and other regions.
81GF Score

Get the complete analysis for CHIX:SNIO

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

kr309.50
Price
kr319.07
GF Value