CUYTY (Colruyt Group NV) Operating Income: $541 Mil (TTM As of Mar. 2026)


CUYTY Colruyt Group NV CUYTY
77 GF Score
Price $10.49
GF Value $11.00
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Colruyt Group NV Operating Income?

Colruyt Group NV CUYTY 77 Operating Income is $541 Mil as of Mar. 2026. GuruFocus rates CUYTY with a GF Score™ of 77/100 and a GF Value™ of $11.00 (Fairly Valued). The stock has 1 warning sign investors should review.

Colruyt Group NV's Operating Income for the six months ended in Mar. 2026 was $291 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $541 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Colruyt Group NV's Operating Income for the six months ended in Mar. 2026 was $291 Mil. Colruyt Group NV's Revenue for the six months ended in Mar. 2026 was $6,098 Mil. Therefore, Colruyt Group NV's Operating Margin % for the quarter that ended in Mar. 2026 was 4.77%.

Good Sign:

Colruyt Group NV operating margin is expanding. Margin expansion is usually a good sign.

Colruyt Group NV's 5-Year average Growth Rate for Operating Margin % was 0.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Colruyt Group NV's annualized ROC % for the quarter that ended in Mar. 2026 was 7.20%. Colruyt Group NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.20%.


Colruyt Group NV  (OTCPK:CUYTY) Operating Income Explanation

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

Colruyt Group NV'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=582.196 * ( 1 - 22.81% )/( (6217.958 + 6260.461)/ 2 )
=449.3970924/6239.2095
=7.20 %

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))
=7436.737 - 1536.502 - ( 322.653 - max(0, 2740.023 - 2422.3+322.653))
=6217.958

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))
=7504.855 - 1602.775 - ( 802.197 - max(0, 2791.676 - 2433.295+802.197))
=6260.461

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Colruyt Group NV'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=563.006/( ( (3469.131 + max(-502.466, 0)) + (3480.462 + max(-1029.48, 0)) )/ 2 )
=563.006/( ( 3469.131 + 3480.462 )/ 2 )
=563.006/3474.7965
=16.20 %

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)
=(672.535 + 910.329 + 418.778) - (1536.502 + 0 + 967.606)
=-502.466

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(627.283 + 846.012 + 56.415) - (1602.775 + 0 + 956.415)
=-1029.48

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

Colruyt Group NV'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 )
=291.098/6098.266
=4.77 %

* 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.


Colruyt Group NV Operating Income Related Terms


Colruyt Group NV Operating Income Historical Data

* Premium members only.

The historical data trend for Colruyt Group NV'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.

Colruyt Group NV Operating Income Chart

Colruyt Group NV Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 380.07 276.77 476.96 507.24 537.57

Colruyt Group NV Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 197.61 281.13 233.41 250.24 291.10
CUYTY
77GF Score
Colruyt Group NV CUYTY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Colruyt Group NV 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 semi-annually data reported by the company within the most recent 12 months, which was $541 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 $541 Mil mean?
Colruyt Group NV (CUYTY) has a Operating Income of $541 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Colruyt Group NV and its competitors.
Is Colruyt Group NV's Operating Income too high?
Colruyt Group NV's current Operating Income is $541 Mil. Overall, Colruyt Group NV has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Colruyt Group NV's Operating Income compare to KR and SFM?
Colruyt Group NV's Operating Income of $541 Mil can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Operating Income depends on the Retail - Defensive 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 Colruyt Group NV and its competitors. Colruyt Group NV's current Operating Income is $541 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Colruyt Group NV stock overvalued right now?
Based on GuruFocus' analysis, Colruyt Group NV (CUYTY) is currently considered Fairly Valued. The stock's GF Value™ is $11.00, compared to a current price of $10.49 — trading 4.6% below its estimated fair value. The current Operating Income is $541 Mil. Colruyt Group NV's overall GF Score™ is 77/100 with 1 warning sign 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 Colruyt Group NV (CUYTY), the current Operating Income is $541 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 Colruyt Group NV (CUYTY) Overvalued in 2026?

Based on GuruFocus' analysis, Colruyt Group NV stock appears to be undervalued. The current stock price of $10.49 is trading 4.6% below its estimated GF Value™ of $11.00. GuruFocus considers Colruyt Group NV to be Fairly Valued.

Key valuation signals for CUYTY:

  • Operating Income: $541 Mil
  • GF Value™: $11.00 vs. price of $10.49 (4.6% below fair value)
  • GF Score™: 77/100 with 1 warning sign

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


Colruyt Group NV Business Description

Address Edingensesteenweg 196, Wilgenveld, Halle, BEL, 1500
Colruyt Group NV is a retail group that operates in the areas of expertise Food, Health and Well-being, Non-Food and Energy, mainly in Belgium, but also in other countries, including France and Luxembourg. It operates a chain of supermarkets under the Colruyt brand, offering products at low prices through both physical outlets and webshops. The group is also active in the wholesale segment through Spar stores and the Solucious food service, among other initiatives. Its operating segments are: Food; Health and Well-being and Non-food; and Group activities, Real Estate and Energy. The majority of its revenue is generated from the Food segment, which offers a diverse range of food brands and sells directly to bulk and other consumers through its own stores and online channels (retail).
77GF Score

Get the complete analysis for CUYTY

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

$10.49
Price
$11.00
GF Value