Metlen Energy & Metals (FRA:X4Z) Operating Income: €436 Mil (TTM As of Jun. 2026)

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FRA:X4Z Metlen Energy & Metals PLC FRA:X4Z
25 GF Score
Price €47.46
! 7 Warning Signs
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What is Metlen Energy & Metals Operating Income?

Metlen Energy & Metals FRA:X4Z -3.54% 25 Operating Income is €436 Mil as of Jun. 2026. GuruFocus rates FRA:X4Z with a GF Score™ of 25/100. The stock has 7 warning signs investors should review.

Metlen Energy & Metals's Operating Income for the six months ended in Jun. 2026 was €452 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €436 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Metlen Energy & Metals's Operating Income for the six months ended in Jun. 2026 was €452 Mil. Metlen Energy & Metals's Revenue for the six months ended in Jun. 2026 was €3,987 Mil. Therefore, Metlen Energy & Metals's Operating Margin % for the quarter that ended in Jun. 2026 was 11.33%.

Metlen Energy & Metals's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Metlen Energy & Metals's annualized ROC % for the quarter that ended in Jun. 2026 was 10.65%. Metlen Energy & Metals's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 30.68%.


Metlen Energy & Metals  (FRA:X4Z) Operating Income Explanation

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

Metlen Energy & Metals'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: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=903.722 * ( 1 - 12.66% )/( (7799.517 + 7021.41)/ 2 )
=789.3107948/7410.4635
=10.65 %

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))
=11431.597 - 1879.08 - ( 1753 - max(0, 3842.276 - 7127.817+1753))
=7799.517

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))
=12968.58 - 3355.227 - ( 2591.943 - max(0, 4602.484 - 8326.835+2591.943))
=7021.41

Note: The Operating Income data used here is two times the semi-annual (Jun. 2026) data.

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

Metlen Energy & Metals'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: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=927.524/( ( (2912.096 + max(-316.378, 0)) + (3135.324 + max(-237.466, 0)) )/ 2 )
=927.524/( ( 2912.096 + 3135.324 )/ 2 )
=927.524/3023.71
=30.68 %

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)
=(1060.467 + 1055.481 + 409.786) - (1879.08 + 0 + 963.032)
=-316.378

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2638.734 + 714.143 + 121.789) - (3355.227 + 0 + 356.905)
=-237.466

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2026) EBIT data.

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

Metlen Energy & Metals'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 )
=451.861/3986.83
=11.33 %

* 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.


Metlen Energy & Metals Operating Income Related Terms


Metlen Energy & Metals Operating Income Historical Data

* Premium members only.

The historical data trend for Metlen Energy & Metals'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.

Metlen Energy & Metals Operating Income Chart

Metlen Energy & Metals Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Operating Income
743.88 905.27 884.14 362.42

Metlen Energy & Metals Semi-Annual Data
Dec22 Dec23 Dec24 Jun25 Dec25 Jun26
Operating Income Get a 7-Day Free Trial 0.00 0.00 377.86 -15.44 451.86
FRA:X4Z
25GF Score
Metlen Energy & Metals PLC FRA:X4Z
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Metlen Energy & Metals 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 semi-annually data reported by the company within the most recent 12 months, which was €436 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 €436 Mil mean?
Metlen Energy & Metals (FRA:X4Z) has a Operating Income of €436 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Metlen Energy & Metals and its competitors.
Is Metlen Energy & Metals' Operating Income too high?
Metlen Energy & Metals' current Operating Income is €436 Mil. Overall, Metlen Energy & Metals has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Metlen Energy & Metals' Operating Income compare to SRE and AES?
Metlen Energy & Metals' Operating Income of €436 Mil can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated 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 Metlen Energy & Metals and its competitors. Metlen Energy & Metals's current Operating Income is €436 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metlen Energy & Metals stock overvalued right now?
Metlen Energy & Metals (FRA:X4Z) has a current Operating Income of €436 Mil. The current Operating Income is €436 Mil. Metlen Energy & Metals' overall GF Score™ is 25/100 with 7 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 Metlen Energy & Metals (FRA:X4Z), the current Operating Income is €436 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.

Metlen Energy & Metals Business Description

Other Exchanges MTLN:GreeceMTLNl:UKMTLN:UK
Address 8 Artemidos Street, Maroussi, Athens, GRC, 15125
Metlen Energy & Metals PLC is a world-wide industrial and energy company with a growing position in the metals and energy sectors, focused on sustainable development and the circular economy. The company's segments include: the Energy Sector, the Metals Sector, the Infrastructure and Concessions Sector, and Others. It derives maximum revenue from the Energy sector, which is active in the development, construction, and operation of thermal units and RES projects, design and construction of electricity infrastructure projects, retail supply of electricity and natural gas, supply and trading of natural gas, and the provision of competitive energy products and services. Geographically, it derives maximum revenue from Greece, followed by other EU countries and other regions.
25GF Score

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

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