The Brink's Co (FRA:PTY) Operating Income: €491 Mil (TTM As of Mar. 2026)


FRA:PTY The Brink's Co FRA:PTY
88 GF Score
Price €87.50
GF Value €95.49
Valuation Fairly Valued
! 2 Warning Signs
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What is The Brink's Co Operating Income?

The Brink's Co FRA:PTY +2.34% 88 Operating Income is €491 Mil as of Mar. 2026. GuruFocus rates FRA:PTY with a GF Score™ of 88/100 and a GF Value™ of €95.49 (Fairly Valued). The stock has 2 warning signs investors should review.

The Brink's Co's Operating Income for the three months ended in Mar. 2026 was €91 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €491 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. The Brink's Co's Operating Income for the three months ended in Mar. 2026 was €91 Mil. The Brink's Co's Revenue for the three months ended in Mar. 2026 was €1,189 Mil. Therefore, The Brink's Co's Operating Margin % for the quarter that ended in Mar. 2026 was 7.66%.

Good Sign:

The Brink's Co operating margin is expanding. Margin expansion is usually a good sign.

The Brink's Co's 5-Year average Growth Rate for Operating Margin % was 9.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Brink's Co's annualized ROC % for the quarter that ended in Mar. 2026 was 6.77%. The Brink's Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 29.06%.


The Brink's Co  (FRA:PTY) Operating Income Explanation

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

The Brink's Co'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 )
=364.684 * ( 1 - 24.02% )/( (4189.383 + 3990.591)/ 2 )
=277.0869032/4089.987
=6.77 %

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))
=6267.677 - 1112.335 - ( 1473.919 - max(0, 1877.007 - 2842.966+1473.919))
=4189.383

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))
=6293.221 - 1320.509 - ( 1338.414 - max(0, 1850.667 - 2832.788+1338.414))
=3990.591

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

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

The Brink's Co'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 )
=378.176/( ( (1297.397 + max(-209.658, 0)) + (1305.112 + max(-77.763, 0)) )/ 2 )
=378.176/( ( 1297.397 + 1305.112 )/ 2 )
=378.176/1301.2545
=29.06 %

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)
=(549.207 + 15.543 + 678.673) - (1112.335 + 12.81 + 327.936)
=-209.658

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(720.804 + 0 + 773.57) - (1320.509 + 0 + 251.628)
=-77.763

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 %:

The Brink's Co'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 )
=91.171/1189.461
=7.66 %

* 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.


The Brink's Co Operating Income Related Terms


The Brink's Co Operating Income Historical Data

* Premium members only.

The historical data trend for The Brink's Co'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.

The Brink's Co Operating Income Chart

The Brink's Co 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 301.43 373.73 442.36 422.40 502.58

The Brink's Co 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 112.48 123.20 125.84 151.24 91.17
FRA:PTY
88GF Score
The Brink's Co FRA:PTY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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The Brink's Co 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 €491 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 €491 Mil mean?
The Brink's Co (FRA:PTY) has a Operating Income of €491 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on The Brink's Co and its competitors.
Is The Brink's Co's Operating Income too high?
The Brink's Co's current Operating Income is €491 Mil. Overall, The Brink's Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Brink's Co's Operating Income compare to GEO and BRC?
The Brink's Co's Operating Income of €491 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Operating Income depends on the Business Services 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 The Brink's Co and its competitors. The Brink's Co's current Operating Income is €491 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Brink's Co stock overvalued right now?
Based on GuruFocus' analysis, The Brink's Co (FRA:PTY) is currently considered Fairly Valued. The stock's GF Value™ is €95.49, compared to a current price of €87.50 — trading 8.4% below its estimated fair value. The current Operating Income is €491 Mil. The Brink's Co's overall GF Score™ is 88/100 with 2 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 The Brink's Co (FRA:PTY), the current Operating Income is €491 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 The Brink's Co (FRA:PTY) Overvalued in 2026?

Based on GuruFocus' analysis, The Brink's Co stock appears to be undervalued. The current stock price of €87.50 is trading 8.4% below its estimated GF Value™ of €95.49. GuruFocus considers The Brink's Co to be Fairly Valued.

Key valuation signals for FRA:PTY:

  • Operating Income: €491 Mil
  • GF Value™: €95.49 vs. price of €87.50 (8.4% below fair value)
  • GF Score™: 88/100 with 2 warning signs

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


The Brink's Co Business Description

Other Exchanges BCO:USA
Address 1801 Bayberry Court, P.O. Box 18100, Richmond, VA, USA, 23226-8100
The Brink's Co is a provider of secure logistics and security solutions for cash and other valuables. Its segments include: North America segment includes operations in the U.S. and Canada, including the Brink's Global Services (BGS) line of business; Latin America segment consists operations in Latin American countries where it has an ownership interest, including the BGS line of business; Europe segment includes total operations in European countries that provide services outside of the BGS line of business; and Rest of World segment consists operations in the Middle East, Africa and Asia. It also includes total operations in European countries that provide BGS services and BGS activity in Latin American countries. It derives maximum revenue from the North America segment.
88GF Score

Get the complete analysis for FRA:PTY

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

€87.50
Price
€95.49
GF Value