Industries Qatar QSC (DSMD:IQCD) Operating Income: ر.ق2,872 Mil (TTM As of Mar. 2026)

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DSMD:IQCD Industries Qatar QSC DSMD:IQCD
84 GF Score
Price ر.ق10.97
GF Value ر.ق14.19
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Industries Qatar QSC Operating Income?

Industries Qatar QSC DSMD:IQCD 84 Operating Income is ر.ق2,872 Mil as of Mar. 2026. GuruFocus rates DSMD:IQCD with a GF Score™ of 84/100 and a GF Value™ of ر.ق14.19 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Industries Qatar QSC's Operating Income for the three months ended in Mar. 2026 was ر.ق606 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ر.ق2,872 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Industries Qatar QSC's Operating Income for the three months ended in Mar. 2026 was ر.ق606 Mil. Industries Qatar QSC's Revenue for the three months ended in Mar. 2026 was ر.ق3,641 Mil. Therefore, Industries Qatar QSC's Operating Margin % for the quarter that ended in Mar. 2026 was 16.64%.

Good Sign:

Industries Qatar QSC operating margin is expanding. Margin expansion is usually a good sign.

Industries Qatar QSC's 5-Year average Growth Rate for Operating Margin % was 7.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Industries Qatar QSC's annualized ROC % for the quarter that ended in Mar. 2026 was 7.91%. Industries Qatar QSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.16%.


Industries Qatar QSC  (DSMD:IQCD) Operating Income Explanation

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

Industries Qatar QSC'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 )
=2423.124 * ( 1 - 0% )/( (31211.574 + 30035.737)/ 2 )
=2423.124/30623.6555
=7.91 %

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))
=43138.075 - 1755.345 - ( 10171.156 - max(0, 2396.615 - 17432.021+10171.156))
=31211.574

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))
=40685.259 - 1904.706 - ( 8744.816 - max(0, 1975.341 - 15034.807+8744.816))
=30035.737

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

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

Industries Qatar QSC'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 )
=2978.012/( ( (17633.051 + max(2509.91, 0)) + (17519.94 + max(4385.285, 0)) )/ 2 )
=2978.012/( ( 20142.961 + 21905.225 )/ 2 )
=2978.012/21024.093
=14.16 %

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)
=(1312.782 + 3299.155 + 223.892) - (1755.345 + 0 + 570.574)
=2509.91

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3543.76 + 2746.231 + 0) - (1904.706 + 0 + 0)
=4385.285

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 %:

Industries Qatar QSC'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 )
=605.781/3641.162
=16.64 %

* 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.


Industries Qatar QSC Operating Income Related Terms


Industries Qatar QSC Operating Income Historical Data

* Premium members only.

The historical data trend for Industries Qatar QSC'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.

Industries Qatar QSC Operating Income Chart

Industries Qatar QSC 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 5,327.42 5,380.21 1,708.27 2,026.82 2,872.44

Industries Qatar QSC 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 606.25 532.54 1,105.75 627.91 605.78
DSMD:IQCD
84GF Score
Industries Qatar QSC DSMD:IQCD
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Industries Qatar QSC 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 ر.ق2,872 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 ر.ق2,872 Mil mean?
Industries Qatar QSC (DSMD:IQCD) has a Operating Income of ر.ق2,872 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Industries Qatar QSC and its competitors.
Is Industries Qatar QSC's Operating Income too high?
Industries Qatar QSC's current Operating Income is ر.ق2,872 Mil. Overall, Industries Qatar QSC has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Industries Qatar QSC's Operating Income compare to CTVA and CF?
Industries Qatar QSC's Operating Income of ر.ق2,872 Mil can be compared against companies in the Agriculture 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 an Agriculture company?
A good Operating Income depends on the Agriculture 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 Industries Qatar QSC and its competitors. Industries Qatar QSC's current Operating Income is ر.ق2,872 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industries Qatar QSC stock overvalued right now?
Based on GuruFocus' analysis, Industries Qatar QSC (DSMD:IQCD) is currently considered Modestly Undervalued. The stock's GF Value™ is ر.ق14.19, compared to a current price of ر.ق10.97 — trading 22.7% below its estimated fair value. The current Operating Income is ر.ق2,872 Mil. Industries Qatar QSC's overall GF Score™ is 84/100 with 4 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 Industries Qatar QSC (DSMD:IQCD), the current Operating Income is ر.ق2,872 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 Industries Qatar QSC (DSMD:IQCD) Overvalued in 2026?

Based on GuruFocus' analysis, Industries Qatar QSC stock appears to be undervalued. The current stock price of ر.ق10.97 is trading 22.7% below its estimated GF Value™ of ر.ق14.19. GuruFocus considers Industries Qatar QSC to be Modestly Undervalued.

Key valuation signals for DSMD:IQCD:

  • Operating Income: ر.ق2,872 Mil
  • GF Value™: ر.ق14.19 vs. price of ر.ق10.97 (22.7% below fair value)
  • GF Score™: 84/100 with 4 warning signs

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


Industries Qatar QSC Business Description

Address P.O. Box 3212, 6th Floor, Tower 10, QatarEnergy District, Doha, QAT
Industries Qatar QSC, along with its subsidiaries, operates in the following reportable segments: Petrochemicals, Fertilisers, and Steel. Maximum revenue is generated from the Fertilisers segment, which produces and sells urea, ammonia, and other by-products. The Petrochemicals segment produces and sells ethylene, polyethylene, MTBE, methanol, and other petrochemical products; and the Steel segment produces and sells steel pellets, bars, billets, and others.
84GF Score

Get the complete analysis for DSMD:IQCD

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

ر.ق10.97
Price
ر.ق14.19
GF Value