Cirsa Enterprises (FRA:Y7O) Operating Income: €516 Mil (TTM As of Jun. 2026)

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FRA:Y7O Cirsa Enterprises SA FRA:Y7O
22 GF Score
Price €19.00
! 8 Warning Signs
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What is Cirsa Enterprises Operating Income?

Cirsa Enterprises FRA:Y7O -1.66% 22 Operating Income is €516 Mil as of Jun. 2026. GuruFocus rates FRA:Y7O with a GF Score™ of 22/100. The stock has 8 warning signs investors should review.

Cirsa Enterprises's Operating Income for the three months ended in Jun. 2026 was €142 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €516 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Cirsa Enterprises's Operating Income for the three months ended in Jun. 2026 was €142 Mil. Cirsa Enterprises's Revenue for the three months ended in Jun. 2026 was €637 Mil. Therefore, Cirsa Enterprises's Operating Margin % for the quarter that ended in Jun. 2026 was 22.33%.

Cirsa Enterprises'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. Cirsa Enterprises's annualized ROC % for the quarter that ended in Jun. 2026 was 10.95%. Cirsa Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 76.28%.

Cirsa Enterprises  (FRA:Y7O) Operating Income Explanation

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

Cirsa Enterprises'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 )
=569.276 * ( 1 - 27.33% )/( (3870.577 + 3687.347)/ 2 )
=413.6928692/3778.962
=10.95 %

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))
=3914.414 - 103.565 - ( 370.947 - max(0, 629.598 - 569.87+370.947))
=3870.577

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))
=3957.744 - 417.265 - ( 325.659 - max(0, 714.857 - 567.989+325.659))
=3687.347

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

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

Cirsa Enterprises'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 )
=448.432/( ( (573.653 + max(-346.789, 0)) + (602.098 + max(-465.975, 0)) )/ 2 )
=448.432/( ( 573.653 + 602.098 )/ 2 )
=448.432/587.8755
=76.28 %

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)
=(147.925 + 15.844 + 35.154) - (103.565 + 0 + 442.147)
=-346.789

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(42.885 + 19.714 + 30.219) - (417.265 + 0 + 141.528)
=-465.975

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 %:

Cirsa Enterprises'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 )
=142.319/637.261
=22.33 %

* 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.

Cirsa Enterprises Operating Income Related Terms

Cirsa Enterprises Operating Income Historical Data

* Premium members only.

The historical data trend for Cirsa Enterprises'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.

Cirsa Enterprises Operating Income Chart

Cirsa Enterprises Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Operating Income
271.05 343.47 368.35 444.78

Cirsa Enterprises Quarterly Data
Dec22 Dec23 Mar24 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 125.09 74.83 202.72 96.34 142.32
FRA:Y7O
22GF Score
Cirsa Enterprises SA FRA:Y7O
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Cirsa Enterprises 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 €516 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 €516 Mil mean?
Cirsa Enterprises (FRA:Y7O) has a Operating Income of €516 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Cirsa Enterprises and its competitors.
Is Cirsa Enterprises' Operating Income too high?
Cirsa Enterprises' current Operating Income is €516 Mil. Overall, Cirsa Enterprises has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Cirsa Enterprises' Operating Income compare to LVS and MGM?
Cirsa Enterprises' Operating Income of €516 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure 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 Cirsa Enterprises and its competitors. Cirsa Enterprises's current Operating Income is €516 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cirsa Enterprises stock overvalued right now?
Cirsa Enterprises (FRA:Y7O) has a current Operating Income of €516 Mil. The current Operating Income is €516 Mil. Cirsa Enterprises' overall GF Score™ is 22/100 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 Cirsa Enterprises (FRA:Y7O), the current Operating Income is €516 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.

Cirsa Enterprises Business Description

Address Carretera de Castellar, number 298, Terrassa, ESP, 08226
Cirsa Enterprises SA consists of a group of companies operating in the gaming and leisure sector. Its activities include the design, manufacture, and marketing of slot machines sold to both Group companies and third parties, the development of interactive gaming mechanisms and systems, the operation of slot machines, casinos, and bingo halls in Spain and abroad, and the marketing and operation of bets in own and third-party premises, as well as online sports betting in Spain and abroad. Its business areas include Casinos, Gaming Rooms, Arcade Machines, and Online Betting and Gaming. The business segments are: Casinos, Slots Spain, Slots Italy, and Online Games and Bets. Maximum revenue is generated from the Casinos segment. The Group generates maximum revenue from Spain and Portugal.
22GF 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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