CX (CemexB de CV) Operating Income: $1,949 Mil (TTM As of Mar. 2026)


CX Cemex SAB de CV CX
73 GF Score
Price $12.37
GF Value $7.59
Valuation Significantly Overvalued
! 10 Warning Signs
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What is CemexB de CV Operating Income?

CemexB de CV CX +1.64% 73 Operating Income is $1,949 Mil as of Mar. 2026. GuruFocus rates CX with a GF Score™ of 73/100 and a GF Value™ of $7.59 (Significantly Overvalued). The stock has 10 warning signs investors should review.

CemexB de CV's Operating Income for the three months ended in Mar. 2026 was $453 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $1,949 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. CemexB de CV's Operating Income for the three months ended in Mar. 2026 was $453 Mil. CemexB de CV's Revenue for the three months ended in Mar. 2026 was $4,019 Mil. Therefore, CemexB de CV's Operating Margin % for the quarter that ended in Mar. 2026 was 11.27%.

Warning Sign:

Cemex SAB de CV operating margin has been in a 5-year decline. The average rate of decline per year is -1.1%.

CemexB de CV's 5-Year average Growth Rate for Operating Margin % was -1.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CemexB de CV's annualized ROC % for the quarter that ended in Mar. 2026 was 5.09%. CemexB de CV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.37%.


CemexB de CV  (NYSE:CX) Operating Income Explanation

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

CemexB de CV'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 )
=1812 * ( 1 - 28.92% )/( (25910 + 24747)/ 2 )
=1287.9696/25328.5
=5.09 %

where

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

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

CemexB de CV'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 )
=1740/( ( (12213 + max(-1766, 0)) + (12010 + max(-1234, 0)) )/ 2 )
=1740/( ( 12213 + 12010 )/ 2 )
=1740/12111.5
=14.37 %

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)
=(1770 + 1527 + 149) - (4285 + 369 + 558)
=-1766

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1949 + 1510 + 550) - (4230 + 323 + 690)
=-1234

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 %:

CemexB de CV'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 )
=453/4019
=11.27 %

* 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.


CemexB de CV Operating Income Related Terms


CemexB de CV Operating Income Historical Data

* Premium members only.

The historical data trend for CemexB de CV'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.

CemexB de CV Operating Income Chart

CemexB de CV 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 2,319.00 1,361.00 1,946.00 1,823.00 1,789.00

CemexB de CV 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 290.00 491.33 547.33 456.92 453.00
CX
73GF Score
Cemex SAB de CV CX
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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CemexB de CV 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 $1,949 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 $1,949 Mil mean?
CemexB de CV (CX) has a Operating Income of $1,949 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on CemexB de CV and its competitors.
Is CemexB de CV's Operating Income too high?
CemexB de CV's current Operating Income is $1,949 Mil. Overall, CemexB de CV has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CemexB de CV's Operating Income compare to CRH and VMC?
CemexB de CV's Operating Income of $1,949 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Operating Income depends on the Building Materials 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 CemexB de CV and its competitors. CemexB de CV's current Operating Income is $1,949 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CemexB de CV stock overvalued right now?
Based on GuruFocus' analysis, CemexB de CV (CX) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.59, compared to a current price of $12.37 — trading 63% above its estimated fair value. The current Operating Income is $1,949 Mil. CemexB de CV's overall GF Score™ is 73/100 with 10 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 CemexB de CV (CX), the current Operating Income is $1,949 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 CemexB de CV (CX) Overvalued in 2026?

Based on GuruFocus' analysis, CemexB de CV stock appears to be overvalued. The current stock price of $12.37 is trading 63% above its estimated GF Value™ of $7.59. GuruFocus considers CemexB de CV to be Significantly Overvalued.

Key valuation signals for CX:

  • Operating Income: $1,949 Mil
  • GF Value™: $7.59 vs. price of $12.37 (63% above fair value)
  • GF Score™: 73/100 with 10 warning signs

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


CemexB de CV Business Description

Address Avenida Ricardo Margain Zozaya, No.325, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, MEX, 66265
Cemex SAB de CV is a ready-mix concrete company that mainly engaged in activities that are oriented to the construction industry, mainly through the production, marketing, sale, and distribution of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and also provide related services and reliable construction-related services to customers and communities and maintain business relationships in more than 60 countries throughout the world. The company operates in different parts of the world, with operations in Mexico, the United States, the EMEA region and the SCA&C region.
73GF Score

Get the complete analysis for CX

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

$12.37
Price
$7.59
GF Value