FUGRF (Fugro NV) Operating Income: $87 Mil (TTM As of Dec. 2025)


FUGRF Fugro NV FUGRF
74 GF Score
Price $13.63
GF Value $16.52
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Fugro NV Operating Income?

Fugro NV FUGRF 74 Operating Income is $87 Mil as of Dec. 2025. GuruFocus rates FUGRF with a GF Score™ of 74/100 and a GF Value™ of $16.52 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Fugro NV's Operating Income for the six months ended in Dec. 2025 was $78 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $87 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fugro NV's Operating Income for the six months ended in Dec. 2025 was $78 Mil. Fugro NV's Revenue for the six months ended in Dec. 2025 was $1,105 Mil. Therefore, Fugro NV's Operating Margin % for the quarter that ended in Dec. 2025 was 7.03%.

Good Sign:

Fugro NV operating margin is expanding. Margin expansion is usually a good sign.

Fugro NV's 5-Year average Growth Rate for Operating Margin % was 21.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fugro NV's annualized ROC % for the quarter that ended in Dec. 2025 was 0.51%. Fugro NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -5.08%.


Fugro NV  (OTCPK:FUGRF) Operating Income Explanation

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

Fugro NV'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 )
=155.348 * ( 1 - 91.93% )/( (2494.348 + 2430.985)/ 2 )
=12.5365836/2462.6665
=0.51 %

where

Invested Capital(Q: Jun. 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))
=2843.829 - 212.341 - ( 137.14 - max(0, 655.594 - 923.299+137.14))
=2494.348

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))
=2749.395 - 209.316 - ( 109.094 - max(0, 696.491 - 878.232+109.094))
=2430.985

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:

Fugro NV'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 )
=-65.414/( ( (1302.884 + max(-223.644, 0)) + (1271.804 + max(-93.186, 0)) )/ 2 )
=-65.414/( ( 1302.884 + 1271.804 )/ 2 )
=-65.414/1287.344
=-5.08 %

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)
=(296.194 + 50.404 + 15.686) - (212.341 + 0 + 373.587)
=-223.644

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(319.1 + 50.335 + 115.657) - (209.316 + 0 + 368.962)
=-93.186

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 %:

Fugro NV'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 )
=77.674/1104.65
=7.03 %

* 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.


Fugro NV Operating Income Related Terms


Fugro NV Operating Income Historical Data

* Premium members only.

The historical data trend for Fugro NV'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.

Fugro NV Operating Income Chart

Fugro NV 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 61.11 86.79 277.58 322.30 87.63

Fugro NV Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 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 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 179.54 144.24 181.99 9.80 77.67
FUGRF
74GF Score
Fugro NV FUGRF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fugro NV 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 $87 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 $87 Mil mean?
Fugro NV (FUGRF) has a Operating Income of $87 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fugro NV and its competitors.
Is Fugro NV's Operating Income too high?
Fugro NV's current Operating Income is $87 Mil. Overall, Fugro NV has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fugro NV's Operating Income compare to SLB and BKR?
Fugro NV's Operating Income of $87 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Operating Income depends on the Oil & Gas 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 Fugro NV and its competitors. Fugro NV's current Operating Income is $87 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fugro NV stock overvalued right now?
Based on GuruFocus' analysis, Fugro NV (FUGRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $16.52, compared to a current price of $13.63 — trading 17.5% below its estimated fair value. The current Operating Income is $87 Mil. Fugro NV's overall GF Score™ is 74/100 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 Fugro NV (FUGRF), the current Operating Income is $87 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 Fugro NV (FUGRF) Overvalued in 2026?

Based on GuruFocus' analysis, Fugro NV stock appears to be undervalued. The current stock price of $13.63 is trading 17.5% below its estimated GF Value™ of $16.52. GuruFocus considers Fugro NV to be Modestly Undervalued.

Key valuation signals for FUGRF:

  • Operating Income: $87 Mil
  • GF Value™: $16.52 vs. price of $13.63 (17.5% below fair value)
  • GF Score™: 74/100 with 7 warning signs

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


Fugro NV Business Description

Industry EnergyOil & Gas
Address Prismastraat 3, PO Box 111, Nootdorp, ZH, NLD, 2630 AC
Fugro NV is a provider of geo-intelligence and asset integrity solutions for construction, infrastructure, and natural resources projects. The company collects geotechnical and survey data on onshore and offshore oil fields. The business activities of the group are carried out through the Marine and Land divisions. The company has four integrated regions: Europe-Africa (E-A), Americas (AM), Asia Pacific (APAC), and Middle East & India (MEI), out of which the majority of the revenue is derived from E-A. The company's business segments are Oil & Gas, Renewables, Infrastructure, and Water. Key revenue is generated from its customers in the Oil & Gas segment.
74GF Score

Get the complete analysis for FUGRF

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

$13.63
Price
$16.52
GF Value