Wilh. Wilhelmsen Holding ASA (CHIX:WWIO) Operating Income: kr1,072 Mil (TTM As of Mar. 2026)

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CHIX:WWIO Wilh. Wilhelmsen Holding ASA CHIX:WWIO
74 GF Score
Price kr727.00
GF Value kr310.58
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Wilh. Wilhelmsen Holding ASA Operating Income?

Wilh. Wilhelmsen Holding ASA CHIX:WWIO 74 Operating Income is kr1,072 Mil as of Mar. 2026. GuruFocus rates CHIX:WWIO with a GF Score™ of 74/100 and a GF Value™ of kr310.58 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Wilh. Wilhelmsen Holding ASA's Operating Income for the three months ended in Mar. 2026 was kr319 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr1,072 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Wilh. Wilhelmsen Holding ASA's Operating Income for the three months ended in Mar. 2026 was kr319 Mil. Wilh. Wilhelmsen Holding ASA's Revenue for the three months ended in Mar. 2026 was kr2,975 Mil. Therefore, Wilh. Wilhelmsen Holding ASA's Operating Margin % for the quarter that ended in Mar. 2026 was 10.71%.

Good Sign:

Wilh. Wilhelmsen Holding ASA operating margin is expanding. Margin expansion is usually a good sign.

Wilh. Wilhelmsen Holding ASA's 5-Year average Growth Rate for Operating Margin % was 2.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wilh. Wilhelmsen Holding ASA's annualized ROC % for the quarter that ended in Mar. 2026 was 3.12%. Wilh. Wilhelmsen Holding ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 60.57%.


Wilh. Wilhelmsen Holding ASA  (CHIX:WWIo) Operating Income Explanation

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

Wilh. Wilhelmsen Holding ASA'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 )
=1274.936 * ( 1 - 5.83% )/( (38183.868 + 38769.62)/ 2 )
=1200.6072312/38476.744
=3.12 %

where

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))
=44581.536 - 3537.415 - ( 4770.457 - max(0, 7357.823 - 10218.076+4770.457))
=38183.868

Invested Capital(Q: Mar. 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))
=43434.724 - 241.465 - ( 5688.915 - max(0, 6886.582 - 11310.221+5688.915))
=38769.62

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

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

Wilh. Wilhelmsen Holding ASA'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 )
=4867.936/( ( (8115.841 + max(-1404.859, 0)) + (7958.686 + max(-550.54, 0)) )/ 2 )
=4867.936/( ( 8115.841 + 7958.686 )/ 2 )
=4867.936/8037.2635
=60.57 %

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)
=(2779.398 + 1303.79 + 1273.469) - (3537.415 + 0 + 3224.101)
=-1404.859

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 1236.301 + 4385.005) - (241.465 + 0 + 5930.381)
=-550.54

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 %:

Wilh. Wilhelmsen Holding ASA'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 )
=318.734/2974.849
=10.71 %

* 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.


Wilh. Wilhelmsen Holding ASA Operating Income Related Terms


Wilh. Wilhelmsen Holding ASA Operating Income Historical Data

* Premium members only.

The historical data trend for Wilh. Wilhelmsen Holding ASA'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.

Wilh. Wilhelmsen Holding ASA Operating Income Chart

Wilh. Wilhelmsen Holding ASA 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 628.68 820.05 949.45 953.73 1,051.12

Wilh. Wilhelmsen Holding ASA 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 331.02 281.45 198.86 272.89 318.73
CHIX:WWIO
74GF Score
Wilh. Wilhelmsen Holding ASA CHIX:WWIO
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Wilh. Wilhelmsen Holding ASA 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 kr1,072 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 kr1,072 Mil mean?
Wilh. Wilhelmsen Holding ASA (CHIX:WWIO) has a Operating Income of kr1,072 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Wilh. Wilhelmsen Holding ASA and its competitors.
Is Wilh. Wilhelmsen Holding ASA's Operating Income too high?
Wilh. Wilhelmsen Holding ASA's current Operating Income is kr1,072 Mil. Overall, Wilh. Wilhelmsen Holding ASA has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wilh. Wilhelmsen Holding ASA's Operating Income compare to competitors?
Wilh. Wilhelmsen Holding ASA's Operating Income of kr1,072 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 Wilh. Wilhelmsen Holding ASA and its competitors. Wilh. Wilhelmsen Holding ASA's current Operating Income is kr1,072 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wilh. Wilhelmsen Holding ASA stock overvalued right now?
Based on GuruFocus' analysis, Wilh. Wilhelmsen Holding ASA (CHIX:WWIO) is currently considered Significantly Overvalued. The stock's GF Value™ is kr310.58, compared to a current price of kr727.00 — trading 134.1% above its estimated fair value. The current Operating Income is kr1,072 Mil. Wilh. Wilhelmsen Holding ASA's overall GF Score™ is 74/100 with 8 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 Wilh. Wilhelmsen Holding ASA (CHIX:WWIO), the current Operating Income is kr1,072 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 Wilh. Wilhelmsen Holding ASA (CHIX:WWIO) Overvalued in 2026?

Based on GuruFocus' analysis, Wilh. Wilhelmsen Holding ASA stock appears to be overvalued. The current stock price of kr727.00 is trading 134.1% above its estimated GF Value™ of kr310.58. GuruFocus considers Wilh. Wilhelmsen Holding ASA to be Significantly Overvalued.

Key valuation signals for CHIX:WWIO:

  • Operating Income: kr1,072 Mil
  • GF Value™: kr310.58 vs. price of kr727.00 (134.1% above fair value)
  • GF Score™: 74/100 with 8 warning signs

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


Wilh. Wilhelmsen Holding ASA Business Description

Address Strandveien 20, Lysaker, NOR, NO-1366
Wilh. Wilhelmsen Holding ASA operates in the maritime industry and offers shipping and logistics services. The operating segments of the group are Maritime Services, New Energy, and Strategic Holdings and Investments. It derives key revenue from the Maritime Services segment which offers marine products, ship agency services and logistics to the merchant fleet and ship management including manning for all vessel types. The group has a business presence in Europe, Oceania, America, and Asia and Africa.
74GF Score

Get the complete analysis for CHIX:WWIO

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

kr727.00
Price
kr310.58
GF Value