Groupe Airwell (FRA:Z20) Operating Income: €-4.22 Mil (TTM As of Dec. 2025)

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FRA:Z20 Groupe Airwell FRA:Z20
67 GF Score
Price €1.22
GF Value €2.69
Valuation Possible Value Trap
! 8 Warning Signs
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What is Groupe Airwell Operating Income?

Groupe Airwell FRA:Z20 +1.67% 67 Operating Income is €-4.22 Mil as of Dec. 2025. GuruFocus rates FRA:Z20 with a GF Score™ of 67/100 and a GF Value™ of €2.69 (Possible Value Trap). The stock has 8 warning signs investors should review.

Groupe Airwell's Operating Income for the six months ended in Dec. 2025 was €-2.28 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €-4.22 Mil.

Warning Sign:

Groupe Airwell had lost money in 67% of the time over the past 3quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Groupe Airwell's Operating Income for the six months ended in Dec. 2025 was €-2.28 Mil. Groupe Airwell's Revenue for the six months ended in Dec. 2025 was €20.86 Mil. Therefore, Groupe Airwell's Operating Margin % for the quarter that ended in Dec. 2025 was -10.91%.

Groupe Airwell'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. Groupe Airwell's annualized ROC % for the quarter that ended in Dec. 2025 was -19.20%. Groupe Airwell's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -63.95%.


Groupe Airwell  (FRA:Z20) Operating Income Explanation

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

Groupe Airwell's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-4.55 * ( 1 - 0% )/( (27.118 + 20.281)/ 2 )
=-4.55/23.6995
=-19.20 %

where

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Groupe Airwell's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.142/( ( (1.339 + max(8.611, 0)) + (1.193 + max(4.939, 0)) )/ 2 )
=-5.142/( ( 9.95 + 6.132 )/ 2 )
=-5.142/8.041
=-63.95 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.389 + 17.19 + 2.907) - (15.118 + 0 + 9.757)
=8.611

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.342 + 10.877 + 2.029) - (10.225 + 0 + 6.084)
=4.939

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Groupe Airwell's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-2.275/20.86
=-10.91 %

* 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.


Groupe Airwell Operating Income Related Terms


Groupe Airwell Operating Income Historical Data

* Premium members only.

The historical data trend for Groupe Airwell'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.

Groupe Airwell Operating Income Chart

Groupe Airwell Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 1.80 1.78 2.77 -1.58 -4.22

Groupe Airwell Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1.06 -0.46 -1.12 -1.95 -2.28
FRA:Z20
67GF Score
Groupe Airwell FRA:Z20
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Groupe Airwell 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-4.22 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 €-4.22 Mil mean?
Groupe Airwell (FRA:Z20) has a Operating Income of €-4.22 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Groupe Airwell and its competitors.
Is Groupe Airwell's Operating Income too high?
Groupe Airwell's current Operating Income is €-4.22 Mil. Overall, Groupe Airwell has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Groupe Airwell's Operating Income compare to SN and SGI?
Groupe Airwell's Operating Income of €-4.22 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Operating Income depends on the Furnishings, Fixtures & Appliances 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 Groupe Airwell and its competitors. Groupe Airwell's current Operating Income is €-4.22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Groupe Airwell stock overvalued right now?
Based on GuruFocus' analysis, Groupe Airwell (FRA:Z20) is currently considered Possible Value Trap. The stock's GF Value™ is €2.69, compared to a current price of €1.22 — trading 54.6% below its estimated fair value. The current Operating Income is €-4.22 Mil. Groupe Airwell's overall GF Score™ is 67/100 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 Groupe Airwell (FRA:Z20), the current Operating Income is €-4.22 Mil as of Dec. 2025. 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 Groupe Airwell (FRA:Z20) Overvalued in 2026?

Based on GuruFocus' analysis, Groupe Airwell stock appears to be undervalued. The current stock price of €1.22 is trading 54.6% below its estimated GF Value™ of €2.69. GuruFocus considers Groupe Airwell to be Possible Value Trap.

Key valuation signals for FRA:Z20:

  • Operating Income: €-4.22 Mil
  • GF Value™: €2.69 vs. price of €1.22 (54.6% below fair value)
  • GF Score™: 67/100 with 8 warning signs

No single metric tells the full story. See the FRA:Z20 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Groupe Airwell Business Description

Other Exchanges ALAIR:France
Address 10 rue du Fort Saint-Cyr, Montigny Le Bretonneux, FRA, 78180
Groupe Airwell is a French air-conditioning brand. It specializes in the distribution of air-conditioning, heating, and ventilation equipment and systems for the residential and tertiary markets. The group offers small, medium, and large power products to ensure the thermal comfort of homes, office spaces, shopping malls, public buildings, etc. The products are marketed to wholesalers/distributors and installers. Geographically, the company generates a majority of its revenue from France.
67GF Score

Get the complete analysis for FRA:Z20

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

€1.22
Price
€2.69
GF Value