Gradus AD (FRA:GR6) Operating Income: €16.1 Mil (TTM As of Mar. 2026)

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FRA:GR6 Gradus AD FRA:GR6
66 GF Score
Price €0.86
GF Value €1.51
! 5 Warning Signs
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What is Gradus AD Operating Income?

Gradus AD FRA:GR6 66 Operating Income is €16.1 Mil as of Mar. 2026. GuruFocus rates FRA:GR6 with a GF Score™ of 66/100 and a GF Value™ of €1.51. The stock has 5 warning signs investors should review.

Gradus AD's Operating Income for the three months ended in Mar. 2026 was €2.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €16.1 Mil.

Warning Sign:

Gradus AD has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Gradus AD's Operating Income for the three months ended in Mar. 2026 was €2.7 Mil. Gradus AD's Revenue for the three months ended in Mar. 2026 was €34.4 Mil. Therefore, Gradus AD's Operating Margin % for the quarter that ended in Mar. 2026 was 7.97%.

Good Sign:

Gradus AD operating margin is expanding. Margin expansion is usually a good sign.

Gradus AD's 5-Year average Growth Rate for Operating Margin % was 15.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gradus AD's annualized ROC % for the quarter that ended in Mar. 2026 was 5.32%. Gradus AD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.66%.


Gradus AD  (FRA:GR6) Operating Income Explanation

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

Gradus AD'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 )
=10.96 * ( 1 - 8.68% )/( (183.496 + 192.908)/ 2 )
=10.008672/188.202
=5.32 %

where

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

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

Gradus AD'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 )
=18.168/( ( (111.857 + max(49.6, 0)) + (108.909 + max(41.301, 0)) )/ 2 )
=18.168/( ( 161.457 + 150.21 )/ 2 )
=18.168/155.8335
=11.66 %

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)
=(6.897 + 40.782 + 6.693) - (4.495 + 0 + 0.277)
=49.6

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.177 + 31.343 + 11.662) - (10.175 + 0 + 0.706)
=41.301

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 %:

Gradus AD'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 )
=2.74/34.36
=7.97 %

* 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.


Gradus AD Operating Income Related Terms


Gradus AD Operating Income Historical Data

* Premium members only.

The historical data trend for Gradus AD'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.

Gradus AD Operating Income Chart

Gradus AD Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 10.44 2.17 3.57 21.77 14.95

Gradus AD 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 1.55 -3.63 15.09 1.95 2.74
FRA:GR6
66GF Score
Gradus AD FRA:GR6
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Gradus AD 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 €16.1 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 €16.1 Mil mean?
Gradus AD (FRA:GR6) has a Operating Income of €16.1 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Gradus AD and its competitors.
Is Gradus AD's Operating Income too high?
Gradus AD's current Operating Income is €16.1 Mil. Overall, Gradus AD has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Gradus AD's Operating Income compare to ADM and BG?
Gradus AD's Operating Income of €16.1 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Gradus AD and its competitors. Gradus AD's current Operating Income is €16.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gradus AD stock overvalued right now?
Gradus AD (FRA:GR6) has a current Operating Income of €16.1 Mil. The stock's GF Value™ is €1.51, compared to a current price of €0.86 — trading 43.4% below its estimated fair value. The current Operating Income is €16.1 Mil. Gradus AD's overall GF Score™ is 66/100 with 5 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 Gradus AD (FRA:GR6), the current Operating Income is €16.1 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 Gradus AD (FRA:GR6) Overvalued in 2026?

Based on GuruFocus' analysis, Gradus AD stock appears to be undervalued. The current stock price of €0.86 is trading 43.4% below its estimated GF Value™ of €1.51.

Key valuation signals for FRA:GR6:

  • Operating Income: €16.1 Mil
  • GF Value™: €1.51 vs. price of €0.86 (43.4% below fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the FRA:GR6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gradus AD Business Description

Other Exchanges GR6:Bulgaria
Address 110B Simeonovsko shose Boulevard, Floor 4, office 22, Stara Zagora, BGR
Gradus AD is a poultry producer. The product line of the company includes fresh products, frozen products, specialties, sausages, and delicacies. Its product offerings include whole chicken, chicken fillet, chicken bon fillet, chicken legs, chicken drumsticks, boneless chicken, flavored chicken wings, minced chicken, skinless thigh steak, ham sausage, chicken pate, chicken pate with olives, among others.
66GF Score

Get the complete analysis for FRA:GR6

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

€0.86
Price
€1.51
GF Value