CLNFF (Calian Group) Operating Income: $31.1 Mil (TTM As of Mar. 2026)

What is Calian Group Operating Income?

Calian Group CLNFF 93 Operating Income is $31.1 Mil as of Mar. 2026. GuruFocus rates CLNFF with a GF Score™ of 93/100 and a GF Value™ of $45.08 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Calian Group's Operating Income for the three months ended in Mar. 2026 was $10.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $31.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Calian Group's Operating Income for the three months ended in Mar. 2026 was $10.9 Mil. Calian Group's Revenue for the three months ended in Mar. 2026 was $166.7 Mil. Therefore, Calian Group's Operating Margin % for the quarter that ended in Mar. 2026 was 6.52%.

Warning Sign:

Calian Group Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -7.7%.

Calian Group's 5-Year average Growth Rate for Operating Margin % was -7.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Calian Group's annualized ROC % for the quarter that ended in Mar. 2026 was 7.28%. Calian Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.77%.

Calian Group (OTCPK:CLNFF) Operating Income Explanation

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

Calian Group'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 )
=	43.48 * ( 1 - 30.65% )	/	( (403.132	+	424.753)	/ 2 )
=	30.15338	/	413.9425
=	7.28 %

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	))
=	544.046	-	95.509	-	( 45.405	-	max(0, 141.575	-	233.433	+	45.405	))
=	403.132

	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	))
=	629.13	-	163.307	-	( 41.07	-	max(0, 210.648	-	317.618	+	41.07	))
=	424.753

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

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

Calian Group'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 )
=	34.676	/	( ( (57.681 + max(50.564, 0))	+	(54.363 + max(70.361, 0)) )	/	2 )
=	34.676	/	( ( 108.245	+	124.724 )	/	2 )
=	34.676	/	116.4845
=	29.77 %

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)
=	(126.859	+	37.422	+	23.747)	-	(95.509	+	32.106	+	9.849)
=	50.564

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(217.324	+	33.697	+	25.527)	-	(163.307	+	36.319	+	6.561)
=	70.361

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 %:

Calian Group'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 )
	=	10.87	/	166.692
	=	6.52 %

* 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.

Calian Group Operating Income Related Terms

Calian Group Operating Income Historical Data

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The historical data trend for Calian Group's Operating Income can be seen below:

Calian Group Operating Income Chart

Calian Group Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Operating Income

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25.93

26.07

27.77

33.93

19.67

Calian Group 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															3.46	4.37	8.02	7.83	10.87

93GF Score

Calian Group Ltd CLNFF

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Calian Group 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 $31.1 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $31.1 Mil mean?

Calian Group (CLNFF) has a Operating Income of $31.1 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Calian Group and its competitors.

Is Calian Group's Operating Income too high?

Calian Group's current Operating Income is $31.1 Mil. Overall, Calian Group has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Calian Group's Operating Income compare to CTAS and CPRT?

Calian Group's Operating Income of $31.1 Mil can be compared against companies in the Business Services 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 Business Services company?

A good Operating Income depends on the Business Services 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 Calian Group and its competitors. Calian Group's current Operating Income is $31.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Calian Group stock overvalued right now?

Based on GuruFocus' analysis, Calian Group (CLNFF) is currently considered Modestly Overvalued. The stock's GF Value™ is $45.08, compared to a current price of $57.26 — trading 27% above its estimated fair value. The current Operating Income is $31.1 Mil. Calian Group's overall GF Score™ is 93/100 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 Calian Group (CLNFF), the current Operating Income is $31.1 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 Calian Group (CLNFF) Overvalued in 2026?

Based on GuruFocus' analysis, Calian Group stock appears to be overvalued. The current stock price of $57.26 is trading 27% above its estimated GF Value™ of $45.08. GuruFocus considers Calian Group to be Modestly Overvalued.

Key valuation signals for CLNFF:

Operating Income: $31.1 Mil
GF Value™: $45.08 vs. price of $57.26 (27% above fair value)
GF Score™: 93/100 with 6 warning signs

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

Calian Group Business Description

Industry Industrials Business Services

Comparable Companies TSX:ISC TSX:DXT TSX:DIV TSX:KBL TSX:DCM TSXV:SERV TSXV:CANS CTAS LSE:REL TSX:TRI CPRT TSX:RBA ULS GPN ASX:BXB ARMK XAMS:WKL LSE:RTO LSE:ITRK XPAR:SW

Other Exchanges CGY:Canada

Address 770 Palladium Drive, Ottawa, ON, CAN, K2V 1C8

Website https://www.calian.com

Calian Group Ltd provides services to industry and government across health, learning, defence, security, aerospace, engineering, AgTech, satcom, and IT. The company operates through four segments: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS), with majority revenue from Advanced Technologies. Its solutions cover cybersecurity and cloud services, communication and connectivity, antennas and SatCom solutions, enterprise IT and managed services, defence and military support, software and embedded design, modelling and simulation, and healthcare services, including virtual care, psychological services, staff augmentation, and pharma PSP and CRO services. It generates the majority of revenue from Canada and has a presence in the United States, Europe, and other.

93GF Score

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

$57.26

Price

$45.08

GF Value

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