CICOF (COSCO SHIPPING Holdings Co) Operating Income: $4,743 Mil (TTM As of Dec. 2025)

What is COSCO SHIPPING Holdings Co Operating Income?

COSCO SHIPPING Holdings Co CICOF 71 Operating Income is $4,743 Mil as of Dec. 2025. GuruFocus rates CICOF with a GF Score™ of 71/100 and a GF Value™ of $1.66 (Fairly Valued). The stock has 6 warning signs investors should review.

COSCO SHIPPING Holdings Co's Operating Income for the three months ended in Dec. 2025 was $731 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $4,743 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. COSCO SHIPPING Holdings Co's Operating Income for the three months ended in Dec. 2025 was $731 Mil. COSCO SHIPPING Holdings Co's Revenue for the three months ended in Dec. 2025 was $7,370 Mil. Therefore, COSCO SHIPPING Holdings Co's Operating Margin % for the quarter that ended in Dec. 2025 was 9.92%.

Good Sign:

COSCO SHIPPING Holdings Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

COSCO SHIPPING Holdings Co's 5-Year average Growth Rate for Operating Margin % was 0.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. COSCO SHIPPING Holdings Co's annualized ROC % for the quarter that ended in Dec. 2025 was 5.02%. COSCO SHIPPING Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 11.59%.

COSCO SHIPPING Holdings Co (OTCPK:CICOF) Operating Income Explanation

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

COSCO SHIPPING Holdings Co'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: Sep. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	2924.324 * ( 1 - 13.02% )	/	( (45425.089	+	55896.939)	/ 2 )
=	2543.5770152	/	50661.014
=	5.02 %

where

	Invested Capital		(Q: Sep. 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	))
=	70194.817	-	15571.422	-	( 24075.564	-	max(0, 18243.965	-	27442.271	+	24075.564	))
=	45425.089

	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	))
=	68684.408	-	4513.865	-	( 21464.934	-	max(0, 16333.901	-	24607.505	+	21464.934	))
=	55896.939

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

COSCO SHIPPING Holdings Co'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: Sep. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3314.744	/	( ( (28369.458 + max(-15187.352, 0))	+	(28829.581 + max(-11068.488, 0)) )	/	2 )
=	3314.744	/	( ( 28369.458	+	28829.581 )	/	2 )
=	3314.744	/	28599.5195
=	11.59 %

where Working Capital is:

	Working Capital		(Q: Sep. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1392.034	+	913.455	+	457.442)	-	(15571.422	+	0	+	2378.861)
=	-15187.352

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1144.184	+	946.33	+	505.904)	-	(4513.865	+	0	+	9151.041)
=	-11068.488

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

COSCO SHIPPING Holdings Co'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 )
	=	731.081	/	7369.528
	=	9.92 %

* 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.

COSCO SHIPPING Holdings Co Operating Income Related Terms

COSCO SHIPPING Holdings Co Operating Income Historical Data

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The historical data trend for COSCO SHIPPING Holdings Co's Operating Income can be seen below:

COSCO SHIPPING Holdings Co Operating Income Chart

COSCO SHIPPING Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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20,189.05

22,947.37

3,132.87

8,014.88

4,827.14

COSCO SHIPPING Holdings Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25
Operating Income	Get a 7-Day Free Trial															1,767.43	1,827.71	768.30	1,415.46	731.08

71GF Score

COSCO SHIPPING Holdings Co Ltd CICOF

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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COSCO SHIPPING Holdings Co 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 quarterly data reported by the company within the most recent 12 months, which was $4,743 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $4,743 Mil mean?

COSCO SHIPPING Holdings Co (CICOF) has a Operating Income of $4,743 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on COSCO SHIPPING Holdings Co and its competitors.

Is COSCO SHIPPING Holdings Co's Operating Income too high?

COSCO SHIPPING Holdings Co's current Operating Income is $4,743 Mil. Overall, COSCO SHIPPING Holdings Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does COSCO SHIPPING Holdings Co's Operating Income compare to competitors?

COSCO SHIPPING Holdings Co's Operating Income of $4,743 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 COSCO SHIPPING Holdings Co and its competitors. COSCO SHIPPING Holdings Co's current Operating Income is $4,743 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is COSCO SHIPPING Holdings Co stock overvalued right now?

Based on GuruFocus' analysis, COSCO SHIPPING Holdings Co (CICOF) is currently considered Fairly Valued. The stock's GF Value™ is $1.66, compared to a current price of $1.80 — trading 8.1% above its estimated fair value. The current Operating Income is $4,743 Mil. COSCO SHIPPING Holdings Co's overall GF Score™ is 71/100 with 6 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 COSCO SHIPPING Holdings Co (CICOF), the current Operating Income is $4,743 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 COSCO SHIPPING Holdings Co (CICOF) Overvalued in 2026?

Based on GuruFocus' analysis, COSCO SHIPPING Holdings Co stock appears to be overvalued. The current stock price of $1.80 is trading 8.1% above its estimated GF Value™ of $1.66. GuruFocus considers COSCO SHIPPING Holdings Co to be Fairly Valued.

Key valuation signals for CICOF:

Operating Income: $4,743 Mil
GF Value™: $1.66 vs. price of $1.80 (8.1% above fair value)
GF Score™: 71/100 with 6 warning signs

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

COSCO SHIPPING Holdings Co Business Description

Industry Industrials Transportation

Comparable Companies HKSE:01308 HKSE:00316 HKSE:06198 HKSE:00144 HKSE:03369 HKSE:01199 HKSE:02343 HKSE:02510 HKSE:00517 HKSE:03382 BOM:532921 OCSE:MAERSK B PHS:ICT XTER:HLAG SHSE:600018 TSE:9101 TPE:2603 ADX:ADNOCLS XKRX:011200 TSE:9104

Other Exchanges CICOY:USA 01919:Hong Kong C6G:Germany 601919:China

Address No. 658 Dong Da Ming Road, 8th Floor, Shanghai, CHN, 200080

Website https://hold.coscoshipping.com

COSCO SHIPPING Holdings Co Ltd is an investment holding company. The company's operating segments include the Container shipping business, Terminal business, and Corporate and other operations. It generates maximum revenue from the Container shipping business segment. Its geographical segments include America, Europe, Asia Pacific, Mainland China, and Other international markets.

71GF Score

Get the complete analysis for CICOF

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

$1.80

Price

$1.66

GF Value

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