ECREY (Ecora Royalties) Operating Income: $24.59 Mil (TTM As of Dec. 2025)


ECREY Ecora Royalties PLC ECREY
44 GF Score
Price $7.11
GF Value $3.59
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Ecora Royalties Operating Income?

Ecora Royalties ECREY 44 Operating Income is $24.59 Mil as of Dec. 2025. GuruFocus rates ECREY with a GF Score™ of 44/100 and a GF Value™ of $3.59 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Ecora Royalties's Operating Income for the three months ended in Dec. 2025 was $20.86 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $24.59 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ecora Royalties's Operating Income for the three months ended in Dec. 2025 was $20.86 Mil. Ecora Royalties's Revenue for the three months ended in Dec. 2025 was $40.06 Mil. Therefore, Ecora Royalties's Operating Margin % for the quarter that ended in Dec. 2025 was 52.07%.

Warning Sign:

Ecora Royalties PLC operating margin has been in a 5-year decline. The average rate of decline per year is -5.2%.

Ecora Royalties's 5-Year average Growth Rate for Operating Margin % was -5.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ecora Royalties's annualized ROC % for the quarter that ended in Dec. 2025 was 14.50%. Ecora Royalties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 23.38%.


Ecora Royalties  (OTCPK:ECREY) Operating Income Explanation

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

Ecora Royalties'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: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=83.448 * ( 1 - 0% )/( (577.209 + 573.7)/ 2 )
=83.448/575.4545
=14.50 %

where

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

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

Ecora Royalties'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: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=113.028/( ( (486.788 + max(6.891, 0)) + (473.366 + max(-5.251, 0)) )/ 2 )
=113.028/( ( 493.679 + 473.366 )/ 2 )
=113.028/483.5225
=23.38 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.859 + 0 + 9.426) - (5.605 + 0 + 3.789)
=6.891

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.705 + 0 + 0.429) - (7.478 + 0 + 3.907)
=-5.251

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 %:

Ecora Royalties'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 )
=20.862/40.062
=52.07 %

* 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.


Ecora Royalties Operating Income Related Terms


Ecora Royalties Operating Income Historical Data

* Premium members only.

The historical data trend for Ecora Royalties'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.

Ecora Royalties Operating Income Chart

Ecora Royalties 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 53.20 113.80 41.41 39.19 24.59

Ecora Royalties Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 10.88 40.26 -1.07 3.73 20.86
ECREY
44GF Score
Ecora Royalties PLC ECREY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Ecora Royalties 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 $24.59 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 $24.59 Mil mean?
Ecora Royalties (ECREY) has a Operating Income of $24.59 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ecora Royalties and its competitors.
Is Ecora Royalties' Operating Income too high?
Ecora Royalties' current Operating Income is $24.59 Mil. Overall, Ecora Royalties has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecora Royalties' Operating Income compare to competitors?
Ecora Royalties' Operating Income of $24.59 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Operating Income depends on the Metals & Mining 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 Ecora Royalties and its competitors. Ecora Royalties's current Operating Income is $24.59 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecora Royalties stock overvalued right now?
Based on GuruFocus' analysis, Ecora Royalties (ECREY) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.59, compared to a current price of $7.11 — trading 98.1% above its estimated fair value. The current Operating Income is $24.59 Mil. Ecora Royalties' overall GF Score™ is 44/100 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 Ecora Royalties (ECREY), the current Operating Income is $24.59 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 Ecora Royalties (ECREY) Overvalued in 2026?

Based on GuruFocus' analysis, Ecora Royalties stock appears to be overvalued. The current stock price of $7.11 is trading 98.1% above its estimated GF Value™ of $3.59. GuruFocus considers Ecora Royalties to be Significantly Overvalued.

Key valuation signals for ECREY:

  • Operating Income: $24.59 Mil
  • GF Value™: $3.59 vs. price of $7.11 (98.1% above fair value)
  • GF Score™: 44/100 with 6 warning signs

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


Ecora Royalties Business Description

Address Kent House, 14 - 17 Market Place, 3rd Floor North, London, GBR, W1W 8AJ
Ecora Royalties PLC is a critical minerals focused royalty company with a portfolio of royalties and streams that generate cash flow. Its portfolio includes copper and other commodities related to electrification trends. Some of its assets include Voisey's Bay; Mantos Blancos; Maracas Menchen and others. The company's segments include Cobalt, Royalty, Copper Royalties, Nickel Royalties, Steelmaking Royalties, Uranium Royalties, and Others. The majority of revenue is derived from the Steelmaking Royalties segment. Geographically, the maximum revenue is generated from the Americas royalties.
44GF Score

Get the complete analysis for ECREY

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

$7.11
Price
$3.59
GF Value