KWSAT SE KGaA (HAM:KWS) Operating Income: €543 Mil (TTM As of Mar. 2026)

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HAM:KWS KWS SAAT SE & Co KGaA HAM:KWS
84 GF Score
Price €73.90
GF Value €59.19
Valuation Modestly Overvalued
! 5 Warning Signs
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What is KWSAT SE KGaA Operating Income?

KWSAT SE KGaA HAM:KWS -0.14% 84 Operating Income is €543 Mil as of Mar. 2026. GuruFocus rates HAM:KWS with a GF Score™ of 84/100 and a GF Value™ of €59.19 (Modestly Overvalued). The stock has 5 warning signs investors should review.

KWSAT SE KGaA's Operating Income for the three months ended in Mar. 2026 was €408 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €543 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. KWSAT SE KGaA's Operating Income for the three months ended in Mar. 2026 was €408 Mil. KWSAT SE KGaA's Revenue for the three months ended in Mar. 2026 was €937 Mil. Therefore, KWSAT SE KGaA's Operating Margin % for the quarter that ended in Mar. 2026 was 43.51%.

Good Sign:

KWS SAAT SE & Co KGaA operating margin is expanding. Margin expansion is usually a good sign.

KWSAT SE KGaA's 5-Year average Growth Rate for Operating Margin % was 11.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. KWSAT SE KGaA's annualized ROC % for the quarter that ended in Mar. 2026 was 51.36%. KWSAT SE KGaA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 119.77%.


KWSAT SE KGaA  (HAM:KWS) Operating Income Explanation

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

KWSAT SE KGaA'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 )
=1631.2 * ( 1 - 30% )/( (2104.1 + 2342.2)/ 2 )
=1141.84/2223.15
=51.36 %

where

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

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

KWSAT SE KGaA'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 )
=1631.2/( ( (706.7 + max(655.9, 0)) + (715.7 + max(645.6, 0)) )/ 2 )
=1631.2/( ( 1362.6 + 1361.3 )/ 2 )
=1631.2/1361.95
=119.77 %

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)
=(239.4 + 690.5 + 202) - (265.6 + 0 + 210.4)
=655.9

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(878.6 + 492.6 + 151.1) - (399.3 + 0 + 477.4)
=645.6

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 %:

KWSAT SE KGaA'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 )
=407.8/937.3
=43.51 %

* 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.


KWSAT SE KGaA Operating Income Related Terms


KWSAT SE KGaA Operating Income Historical Data

* Premium members only.

The historical data trend for KWSAT SE KGaA'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.

KWSAT SE KGaA Operating Income Chart

KWSAT SE KGaA Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 135.73 160.21 217.28 287.28 255.48

KWSAT SE KGaA 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 402.80 -26.62 -20.90 183.10 407.80
HAM:KWS
84GF Score
KWS SAAT SE & Co KGaA HAM:KWS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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KWSAT SE KGaA 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 €543 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 €543 Mil mean?
KWSAT SE KGaA (HAM:KWS) has a Operating Income of €543 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on KWSAT SE KGaA and its competitors.
Is KWSAT SE KGaA's Operating Income too high?
KWSAT SE KGaA's current Operating Income is €543 Mil. Overall, KWSAT SE KGaA has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KWSAT SE KGaA's Operating Income compare to CTVA and CF?
KWSAT SE KGaA's Operating Income of €543 Mil can be compared against companies in the Agriculture 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 Agriculture company?
A good Operating Income depends on the Agriculture 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 KWSAT SE KGaA and its competitors. KWSAT SE KGaA's current Operating Income is €543 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KWSAT SE KGaA stock overvalued right now?
Based on GuruFocus' analysis, KWSAT SE KGaA (HAM:KWS) is currently considered Modestly Overvalued. The stock's GF Value™ is €59.19, compared to a current price of €73.90 — trading 24.9% above its estimated fair value. The current Operating Income is €543 Mil. KWSAT SE KGaA's overall GF Score™ is 84/100 with 5 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 KWSAT SE KGaA (HAM:KWS), the current Operating Income is €543 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 KWSAT SE KGaA (HAM:KWS) Overvalued in 2026?

Based on GuruFocus' analysis, KWSAT SE KGaA stock appears to be overvalued. The current stock price of €73.90 is trading 24.9% above its estimated GF Value™ of €59.19. GuruFocus considers KWSAT SE KGaA to be Modestly Overvalued.

Key valuation signals for HAM:KWS:

  • Operating Income: €543 Mil
  • GF Value™: €59.19 vs. price of €73.90 (24.9% above fair value)
  • GF Score™: 84/100 with 5 warning signs

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


KWSAT SE KGaA Business Description

Address Grimsehlstrasse 31, P.O. Box 1463, Einbeck, NI, DEU, 37555
KWS SAAT SE & Co KGaA breeds and distributes agriculture seeds internationally. The segments of the company focus on sugarbeet, corn, cereals, vegetables, and corporates. The company works on breeding new varieties and seed multiplication to produce the results for farmers. Plants and seeds are monitored at different stages of the lifecycle to ensure high quality. Products, processes, and consulting are marketed to farmers as certain expertise is needed in different regions of the world. The company generates key revenue from Sugarbeet and Corn.
84GF Score

Get the complete analysis for HAM:KWS

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

€73.90
Price
€59.19
GF Value