Pathos Communications (FRA:3Z2) Operating Income: €-0.31 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:3Z2 Pathos Communications PLC FRA:3Z2
25 GF Score
Price €0.34
View Full Analysis

What is Pathos Communications Operating Income?

Pathos Communications FRA:3Z2 25 Operating Income is €-0.31 Mil as of Dec. 2025. GuruFocus rates FRA:3Z2 with a GF Score™ of 25/100.

Pathos Communications's Operating Income for the six months ended in Dec. 2025 was €-1.04 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.31 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Pathos Communications's Operating Income for the six months ended in Dec. 2025 was €-1.04 Mil. Pathos Communications's Revenue for the six months ended in Dec. 2025 was €5.69 Mil. Therefore, Pathos Communications's Operating Margin % for the quarter that ended in Dec. 2025 was -18.30%.

Pathos Communications's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pathos Communications's annualized ROC % for the quarter that ended in Dec. 2025 was -79.85%. Pathos Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -129.31%.

Pathos Communications  (FRA:3Z2) Operating Income Explanation

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

Pathos Communications'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 )
=-2.082 * ( 1 - 0% )/( (2.525 + 2.69)/ 2 )
=-2.082/2.6075
=-79.85 %

where

Invested Capital(Q: Jun. 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))
=3.72 - 0.989 - ( 0.701 - max(0, 1.529 - 1.735+0.701))
=2.525

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))
=8.017 - 1.015 - ( 5.33 - max(0, 1.815 - 6.127+5.33))
=2.69

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Pathos Communications'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 )
=-2.076/( ( (1.738 + max(-0.095, 0)) + (1.473 + max(-1.139, 0)) )/ 2 )
=-2.076/( ( 1.738 + 1.473 )/ 2 )
=-2.076/1.6055
=-129.31 %

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)
=(0.724 + 0 + 0.17) - (0.989 + 0 + 0)
=-0.095

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.216 + 0 + -0.0010000000000003) - (1.015 + 0 + 0.339)
=-1.139

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Pathos Communications'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 )
=-1.041/5.69
=-18.30 %

* 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.

Pathos Communications Operating Income Related Terms

Pathos Communications Operating Income Historical Data

* Premium members only.

The historical data trend for Pathos Communications'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.

Pathos Communications Operating Income Chart

Pathos Communications Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Operating Income
1.50 0.36 -0.28 -0.33

Pathos Communications Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial 0.00 0.84 -1.15 0.73 -1.04
FRA:3Z2
25GF Score
Pathos Communications PLC FRA:3Z2
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pathos Communications 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 semi-annually data reported by the company within the most recent 12 months, which was €-0.31 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 €-0.31 Mil mean?
Pathos Communications (FRA:3Z2) has a Operating Income of €-0.31 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pathos Communications and its competitors.
Is Pathos Communications' Operating Income too high?
Pathos Communications' current Operating Income is €-0.31 Mil. Overall, Pathos Communications has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Pathos Communications' Operating Income compare to APP and OMC?
Pathos Communications' Operating Income of €-0.31 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Operating Income depends on the Media - Diversified 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 Pathos Communications and its competitors. Pathos Communications's current Operating Income is €-0.31 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pathos Communications stock overvalued right now?
Pathos Communications (FRA:3Z2) has a current Operating Income of €-0.31 Mil. The current Operating Income is €-0.31 Mil. Pathos Communications' overall GF Score™ is 25/100. 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 Pathos Communications (FRA:3Z2), the current Operating Income is €-0.31 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.

Pathos Communications Business Description

Other Exchanges NEWS:UK
Address 101 New Cavendish Street, 1st Floor South, London, GBR, W1W 6XH
Pathos Communications PLC specializes in creative engagement, strategic communications, and brand reputation management while remaining rooted in a deep understanding of each client's goals, voice, and vision. It offers a comprehensive range of services designed to help clients minimize risk, boost audience interaction, and maximize their return on investment (ROI).
25GF Score

Get the complete analysis for FRA:3Z2

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

€0.34
Price