Stevanato Group SpA (FRA:87N) Operating Income: €213 Mil (TTM As of Jun. 2026)

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FRA:87N Stevanato Group SpA FRA:87N
87 GF Score
Price €17.40
GF Value €22.30
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Stevanato Group SpA Operating Income?

Stevanato Group SpA FRA:87N +0.58% 87 Operating Income is €213 Mil as of Jun. 2026. GuruFocus rates FRA:87N with a GF Score™ of 87/100 and a GF Value™ of €22.30 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Stevanato Group SpA's Operating Income for the three months ended in Jun. 2026 was €51 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €213 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Stevanato Group SpA's Operating Income for the three months ended in Jun. 2026 was €51 Mil. Stevanato Group SpA's Revenue for the three months ended in Jun. 2026 was €302 Mil. Therefore, Stevanato Group SpA's Operating Margin % for the quarter that ended in Jun. 2026 was 16.98%.

Warning Sign:

Stevanato Group SpA operating margin has been in a 5-year decline. The average rate of decline per year is -1.5%.

Stevanato Group SpA's 5-Year average Growth Rate for Operating Margin % was -1.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Stevanato Group SpA's annualized ROC % for the quarter that ended in Jun. 2026 was 5.60%. Stevanato Group SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 9.71%.


Stevanato Group SpA  (FRA:87N) Operating Income Explanation

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

Stevanato Group SpA's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=205.128 * ( 1 - 39.78% )/( (2181.52 + 2231.882)/ 2 )
=123.5280816/2206.701
=5.60 %

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))
=2583.821 - 289.567 - ( 112.734 - max(0, 560.268 - 914.359+112.734))
=2181.52

Invested Capital(Q: Jun. 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))
=2618.744 - 303.282 - ( 83.58 - max(0, 578.261 - 932.738+83.58))
=2231.882

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

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

Stevanato Group SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=157.608/( ( (1466.217 + max(137.952, 0)) + (1486.966 + max(155.474, 0)) )/ 2 )
=157.608/( ( 1604.169 + 1642.44 )/ 2 )
=157.608/1623.3045
=9.71 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(278.5 + 294.4 + 0.56600000000003) - (289.567 + 54.025 + 91.922)
=137.952

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(300.289 + 308.995 + 0.50300000000004) - (303.282 + 44.47 + 106.561)
=155.474

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Stevanato Group SpA's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=51.282/302.003
=16.98 %

* 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.


Stevanato Group SpA Operating Income Related Terms


Stevanato Group SpA Operating Income Historical Data

* Premium members only.

The historical data trend for Stevanato Group SpA'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.

Stevanato Group SpA Operating Income Chart

Stevanato Group SpA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 162.23 192.43 200.72 161.14 198.80

Stevanato Group SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 41.37 52.72 70.08 38.80 51.28
FRA:87N
87GF Score
Stevanato Group SpA FRA:87N
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Stevanato Group SpA 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €213 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 €213 Mil mean?
Stevanato Group SpA (FRA:87N) has a Operating Income of €213 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Stevanato Group SpA and its competitors.
Is Stevanato Group SpA's Operating Income too high?
Stevanato Group SpA's current Operating Income is €213 Mil. Overall, Stevanato Group SpA has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Stevanato Group SpA's Operating Income compare to MMED and TFX?
Stevanato Group SpA's Operating Income of €213 Mil can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Operating Income depends on the Medical Devices & Instruments 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 Stevanato Group SpA and its competitors. Stevanato Group SpA's current Operating Income is €213 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stevanato Group SpA stock overvalued right now?
Based on GuruFocus' analysis, Stevanato Group SpA (FRA:87N) is currently considered Modestly Undervalued. The stock's GF Value™ is €22.30, compared to a current price of €17.40 — trading 22% below its estimated fair value. The current Operating Income is €213 Mil. Stevanato Group SpA's overall GF Score™ is 87/100 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 Stevanato Group SpA (FRA:87N), the current Operating Income is €213 Mil as of Jun. 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 Stevanato Group SpA (FRA:87N) Overvalued in 2026?

Based on GuruFocus' analysis, Stevanato Group SpA stock appears to be undervalued. The current stock price of €17.40 is trading 22% below its estimated GF Value™ of €22.30. GuruFocus considers Stevanato Group SpA to be Modestly Undervalued.

Key valuation signals for FRA:87N:

  • Operating Income: €213 Mil
  • GF Value™: €22.30 vs. price of €17.40 (22% below fair value)
  • GF Score™: 87/100 with 6 warning signs

No single metric tells the full story. See the FRA:87N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Stevanato Group SpA Business Description

Other Exchanges STVN:USA87N:Germany
Address Via Molinella 17, Piombino Dese, Padua, ITA, 35017
Stevanato Group SpA is a provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries. It delivers an integrated, end-to-end portfolio of products, processes, and services that address customer needs across the entire drug life cycle including development, clinical, and commercial stages. It has two segments; Biopharmaceutical and Diagnostic Solutions which generates key revenue, includes all the products, processes and services developed and provided for the containment and delivery of pharmaceutical and biotechnology drugs and reagents, as well as the production of diagnostic consumables and its other segment is Engineering. Geographically, It derives its majority revenue from Europe, Middle East and Africa.
87GF Score

Get the complete analysis for FRA:87N

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

€17.40
Price
€22.30
GF Value