Bird Construction (FRA:6LT) Operating Income: €89 Mil (TTM As of Mar. 2026)


FRA:6LT Bird Construction Inc FRA:6LT
64 GF Score
Price €39.50
GF Value €15.91
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Bird Construction Operating Income?

Bird Construction FRA:6LT +0.46% 64 Operating Income is €89 Mil as of Mar. 2026. GuruFocus rates FRA:6LT with a GF Score™ of 64/100 and a GF Value™ of €15.91 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Bird Construction's Operating Income for the three months ended in Mar. 2026 was €12 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €89 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bird Construction's Operating Income for the three months ended in Mar. 2026 was €12 Mil. Bird Construction's Revenue for the three months ended in Mar. 2026 was €494 Mil. Therefore, Bird Construction's Operating Margin % for the quarter that ended in Mar. 2026 was 2.49%.

Good Sign:

Bird Construction Inc operating margin is expanding. Margin expansion is usually a good sign.

Bird Construction's 5-Year average Growth Rate for Operating Margin % was 8.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bird Construction's annualized ROC % for the quarter that ended in Mar. 2026 was 5.50%. Bird Construction's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 28.69%.


Bird Construction  (FRA:6LT) Operating Income Explanation

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

Bird Construction'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 )
=49.22 * ( 1 - 25.78% )/( (623.226 + 705.047)/ 2 )
=36.531084/664.1365
=5.50 %

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))
=1149.532 - 502.699 - ( 23.607 - max(0, 649.401 - 815.557+23.607))
=623.226

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))
=1207.708 - 475.927 - ( 26.734 - max(0, 698.552 - 865.338+26.734))
=705.047

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

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

Bird Construction'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 )
=50.688/( ( (172.988 + max(-325.363, 0)) + (180.313 + max(-310.411, 0)) )/ 2 )
=50.688/( ( 172.988 + 180.313 )/ 2 )
=50.688/176.6505
=28.69 %

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)
=(181.811 + 14.007 + 90.492) - (502.699 + 87.963 + 21.011)
=-325.363

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(184.778 + 15.849 + 114.159) - (475.927 + 133.451 + 15.819)
=-310.411

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 %:

Bird Construction'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 )
=12.305/493.887
=2.49 %

* 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.


Bird Construction Operating Income Related Terms


Bird Construction Operating Income Historical Data

* Premium members only.

The historical data trend for Bird Construction'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.

Bird Construction Operating Income Chart

Bird Construction 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 41.26 48.21 66.82 96.22 86.49

Bird Construction 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 10.68 22.80 29.10 24.73 12.31
FRA:6LT
64GF Score
Bird Construction Inc FRA:6LT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Bird Construction 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 €89 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 €89 Mil mean?
Bird Construction (FRA:6LT) has a Operating Income of €89 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bird Construction and its competitors.
Is Bird Construction's Operating Income too high?
Bird Construction's current Operating Income is €89 Mil. Overall, Bird Construction has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bird Construction's Operating Income compare to PWR and FIX?
Bird Construction's Operating Income of €89 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Bird Construction and its competitors. Bird Construction's current Operating Income is €89 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bird Construction stock overvalued right now?
Based on GuruFocus' analysis, Bird Construction (FRA:6LT) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.91, compared to a current price of €39.50 — trading 148.3% above its estimated fair value. The current Operating Income is €89 Mil. Bird Construction's overall GF Score™ is 64/100 with 8 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 Bird Construction (FRA:6LT), the current Operating Income is €89 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 Bird Construction (FRA:6LT) Overvalued in 2026?

Based on GuruFocus' analysis, Bird Construction stock appears to be overvalued. The current stock price of €39.50 is trading 148.3% above its estimated GF Value™ of €15.91. GuruFocus considers Bird Construction to be Significantly Overvalued.

Key valuation signals for FRA:6LT:

  • Operating Income: €89 Mil
  • GF Value™: €15.91 vs. price of €39.50 (148.3% above fair value)
  • GF Score™: 64/100 with 8 warning signs

No single metric tells the full story. See the FRA:6LT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bird Construction Business Description

Address 5700 Explorer Drive, Suite 400, Mississauga, ON, CAN, L4W 0C6
Bird Construction Inc. is a construction company operating from coast to coast and servicing all Canada's markets. The group provides a comprehensive range of construction services, self-perform capabilities, and solutions to the industrial, buildings, and infrastructure markets. The Company uses a variety of contract delivery methods including construction management, cost reimbursable, integrated project delivery (IPD), alliance agreement, progressive design-build - target price, progressive design build, design-build finance, design-build, stipulated sum, unit price, and public private partnership (PPP) contract delivery methods.
64GF Score

Get the complete analysis for FRA:6LT

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

€39.50
Price
€15.91
GF Value