TerraVest Industries (FRA:4TV) Operating Income: €79 Mil (TTM As of Mar. 2026)

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FRA:4TV TerraVest Industries Inc FRA:4TV
73 GF Score
Price €72.00
GF Value €94.36
Valuation Modestly Undervalued
! 6 Warning Signs
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What is TerraVest Industries Operating Income?

TerraVest Industries FRA:4TV +2.13% 73 Operating Income is €79 Mil as of Mar. 2026. GuruFocus rates FRA:4TV with a GF Score™ of 73/100 and a GF Value™ of €94.36 (Modestly Undervalued). The stock has 6 warning signs investors should review.

TerraVest Industries's Operating Income for the three months ended in Mar. 2026 was €22 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €79 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. TerraVest Industries's Operating Income for the three months ended in Mar. 2026 was €22 Mil. TerraVest Industries's Revenue for the three months ended in Mar. 2026 was €279 Mil. Therefore, TerraVest Industries's Operating Margin % for the quarter that ended in Mar. 2026 was 7.72%.

Warning Sign:

TerraVest Industries Inc operating margin has been in a 5-year decline. The average rate of decline per year is -2.3%.

TerraVest Industries's 5-Year average Growth Rate for Operating Margin % was -2.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TerraVest Industries's annualized ROC % for the quarter that ended in Mar. 2026 was 5.11%. TerraVest Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.57%.


TerraVest Industries  (FRA:4TV) Operating Income Explanation

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

TerraVest Industries'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 )
=86.216 * ( 1 - 27.88% )/( (1150.208 + 1285.09)/ 2 )
=62.1789792/1217.649
=5.11 %

where

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))
=1430.342 - 128.204 - ( 17.048 - max(0, 279.125 - 416.375+17.048))
=1285.09

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

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

TerraVest Industries'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 )
=85.1/( ( (328.745 + max(182.635, 0)) + (394.116 + max(187.595, 0)) )/ 2 )
=85.1/( ( 511.38 + 581.711 )/ 2 )
=85.1/546.5455
=15.57 %

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)
=(113.293 + 217.99 + 14.835) - (94.339 + 65.957 + 3.187)
=182.635

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(128.634 + 242.405 + 18.988) - (128.204 + 70.98 + 3.248)
=187.595

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 %:

TerraVest Industries'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 )
=21.554/279.022
=7.72 %

* 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.


TerraVest Industries Operating Income Related Terms


TerraVest Industries Operating Income Historical Data

* Premium members only.

The historical data trend for TerraVest Industries'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.

TerraVest Industries Operating Income Chart

TerraVest Industries Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.94 38.63 54.28 79.27 86.02

TerraVest Industries 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 28.59 18.19 19.84 19.06 21.55
FRA:4TV
73GF Score
TerraVest Industries Inc FRA:4TV
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TerraVest Industries 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 €79 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 €79 Mil mean?
TerraVest Industries (FRA:4TV) has a Operating Income of €79 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on TerraVest Industries and its competitors.
Is TerraVest Industries' Operating Income too high?
TerraVest Industries' current Operating Income is €79 Mil. Overall, TerraVest Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TerraVest Industries' Operating Income compare to SLB and BKR?
TerraVest Industries' Operating Income of €79 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Operating Income depends on the Oil & Gas 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 TerraVest Industries and its competitors. TerraVest Industries's current Operating Income is €79 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TerraVest Industries stock overvalued right now?
Based on GuruFocus' analysis, TerraVest Industries (FRA:4TV) is currently considered Modestly Undervalued. The stock's GF Value™ is €94.36, compared to a current price of €72.00 — trading 23.7% below its estimated fair value. The current Operating Income is €79 Mil. TerraVest Industries' overall GF Score™ is 73/100 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 TerraVest Industries (FRA:4TV), the current Operating Income is €79 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 TerraVest Industries (FRA:4TV) Overvalued in 2026?

Based on GuruFocus' analysis, TerraVest Industries stock appears to be undervalued. The current stock price of €72.00 is trading 23.7% below its estimated GF Value™ of €94.36. GuruFocus considers TerraVest Industries to be Modestly Undervalued.

Key valuation signals for FRA:4TV:

  • Operating Income: €79 Mil
  • GF Value™: €94.36 vs. price of €72.00 (23.7% below fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the FRA:4TV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TerraVest Industries Business Description

Industry EnergyOil & Gas
Other Exchanges TRRVF:USATVK:Canada
Address 60th Street, Suite 6205, Vegreville, AB, CAN, T9C 1S3
TerraVest Industries Inc manufactures home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company's operating segments include Home Heating and Cooling Products and Containment Equipment (HVAC Equipment), Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment), Energy Processing Equipment (Processing Equipment), and Service. The majority of its revenue is generated from its HVAC and Cooling Products and Containment Equipment segment which manufactures and distributes products including commercial and residential refined fuel tanks, wastewater treatment systems, grease removal systems, and other custom-built steel storage products.
73GF Score

Get the complete analysis for FRA:4TV

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

€72.00
Price
€94.36
GF Value