IA (Innovative Solutions and Support) Operating Income: $25.49 Mil (TTM As of Jun. 2026)

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IA Innovative Solutions and Support Inc IA
94 GF Score
Price $21.50
GF Value $17.52
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Innovative Solutions and Support Operating Income?

Innovative Solutions and Support IA +2.48% 94 Operating Income is $25.49 Mil as of Jun. 2026. GuruFocus rates IA with a GF Score™ of 94/100 and a GF Value™ of $17.52 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Innovative Solutions and Support's Operating Income for the three months ended in Jun. 2026 was $6.03 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $25.49 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Innovative Solutions and Support's Operating Income for the three months ended in Jun. 2026 was $6.03 Mil. Innovative Solutions and Support's Revenue for the three months ended in Jun. 2026 was $26.73 Mil. Therefore, Innovative Solutions and Support's Operating Margin % for the quarter that ended in Jun. 2026 was 22.55%.

Good Sign:

Innovative Solutions and Support Inc operating margin is expanding. Margin expansion is usually a good sign.

Innovative Solutions and Support's 5-Year average Growth Rate for Operating Margin % was 10.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Innovative Solutions and Support's annualized ROC % for the quarter that ended in Jun. 2026 was 17.40%. Innovative Solutions and Support's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 43.14%.


Innovative Solutions and Support  (NAS:IA) Operating Income Explanation

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

Innovative Solutions and Support'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 )
=24.116 * ( 1 - 10.52% )/( (123.872 + 124.16)/ 2 )
=21.5789968/124.016
=17.40 %

where

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

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

Innovative Solutions and Support'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 )
=24.136/( ( (21.209 + max(33.96, 0)) + (21.132 + max(35.592, 0)) )/ 2 )
=24.136/( ( 55.169 + 56.724 )/ 2 )
=24.136/55.9465
=43.14 %

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)
=(13.188 + 28.067 + 3.542) - (7.63 + 2.221 + 0.986)
=33.96

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.984 + 32.084 + 3.575) - (13.102 + 1.372 + 1.577)
=35.592

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 %:

Innovative Solutions and Support'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 )
=6.029/26.732
=22.55 %

* 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.


Innovative Solutions and Support Operating Income Related Terms


Innovative Solutions and Support Operating Income Historical Data

* Premium members only.

The historical data trend for Innovative Solutions and Support'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.

Innovative Solutions and Support Operating Income Chart

Innovative Solutions and Support Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.90 7.22 7.36 9.66 20.07

Innovative Solutions and Support Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 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 3.51 8.23 6.29 4.94 6.03
IA
94GF Score
Innovative Solutions and Support Inc IA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Innovative Solutions and Support 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 $25.49 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 $25.49 Mil mean?
Innovative Solutions and Support (IA) has a Operating Income of $25.49 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Innovative Solutions and Support and its competitors.
Is Innovative Solutions and Support's Operating Income too high?
Innovative Solutions and Support's current Operating Income is $25.49 Mil. Overall, Innovative Solutions and Support has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Innovative Solutions and Support's Operating Income compare to MRLN and SPCE?
Innovative Solutions and Support's Operating Income of $25.49 Mil can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense 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 Innovative Solutions and Support and its competitors. Innovative Solutions and Support's current Operating Income is $25.49 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative Solutions and Support stock overvalued right now?
Based on GuruFocus' analysis, Innovative Solutions and Support (IA) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.52, compared to a current price of $21.50 — trading 22.7% above its estimated fair value. The current Operating Income is $25.49 Mil. Innovative Solutions and Support's overall GF Score™ is 94/100 with 4 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 Innovative Solutions and Support (IA), the current Operating Income is $25.49 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.

Is Innovative Solutions and Support (IA) Overvalued in 2026?

Based on GuruFocus' analysis, Innovative Solutions and Support stock appears to be overvalued. The current stock price of $21.50 is trading 22.7% above its estimated GF Value™ of $17.52. GuruFocus considers Innovative Solutions and Support to be Modestly Overvalued.

Key valuation signals for IA:

  • Operating Income: $25.49 Mil
  • GF Value™: $17.52 vs. price of $21.50 (22.7% above fair value)
  • GF Score™: 94/100 with 4 warning signs

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


Innovative Solutions and Support Business Description

Other Exchanges IOE:Germany
Address 720 Pennsylvania Drive, Exton, PA, USA, 19341
Innovative Solutions and Support Inc is a systems integrator that designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers. The company supplies integrated Flight Management Systems, Flat Panel Display Systems, Integrated Standby Units, Positioning System receivers that enable reduced carbon footprint navigation, and an Autothrottle, which allows a pilot to automatically control the power setting of the engine and is designed to reduce pilot workload and enhance safety. It sells its products to both the OEM and the retrofit markets.
94GF Score

Get the complete analysis for IA

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

$21.50
Price
$17.52
GF Value