JSZWF (Jastrzebska Spolka Weglowa) Operating Income: $-817 Mil (TTM As of Mar. 2026)

What is Jastrzebska Spolka Weglowa Operating Income?

Jastrzebska Spolka Weglowa JSZWF 67 Operating Income is $-817 Mil as of Mar. 2026. GuruFocus rates JSZWF with a GF Score™ of 67/100 and a GF Value™ of $6.22. The stock has 6 warning signs investors should review.

Jastrzebska Spolka Weglowa's Operating Income for the three months ended in Mar. 2026 was $-154 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-817 Mil.

Warning Sign:

Jastrzebska Spolka Weglowa SA had lost money in 75% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Jastrzebska Spolka Weglowa's Operating Income for the three months ended in Mar. 2026 was $-154 Mil. Jastrzebska Spolka Weglowa's Revenue for the three months ended in Mar. 2026 was $556 Mil. Therefore, Jastrzebska Spolka Weglowa's Operating Margin % for the quarter that ended in Mar. 2026 was -27.77%.

Jastrzebska Spolka Weglowa'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. Jastrzebska Spolka Weglowa's annualized ROC % for the quarter that ended in Mar. 2026 was -15.09%. Jastrzebska Spolka Weglowa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -32.52%.

Jastrzebska Spolka Weglowa (OTCPK:JSZWF) Operating Income Explanation

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

Jastrzebska Spolka Weglowa'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 )
=	-617.82 * ( 1 - 12.76% )	/	( (3509.953	+	3634.203)	/ 2 )
=	-538.986168	/	3572.078
=	-15.09 %

where

	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	))
=	3567.689	-	1154.382	-	( 196.172	-	max(0, 1800.499	-	703.853	+	196.172	))
=	3509.953

	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	))
=	3605.534	-	1315.281	-	( 45.668	-	max(0, 2034.463	-	690.513	+	45.668	))
=	3634.203

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

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

Jastrzebska Spolka Weglowa'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 )
=	-680.832	/	( ( (2083.923 + max(-843.986, 0))	+	(2102.647 + max(-932.167, 0)) )	/	2 )
=	-680.832	/	( ( 2083.923	+	2102.647 )	/	2 )
=	-680.832	/	2093.285
=	-32.52 %

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)
=	(160.475	+	252.528	+	72.586)	-	(1154.382	+	0	+	175.193)
=	-843.986

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(192.83	+	291.831	+	136.448)	-	(1315.281	+	0	+	237.995)
=	-932.167

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 %:

Jastrzebska Spolka Weglowa'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 )
	=	-154.455	/	556.134
	=	-27.77 %

* 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.

Jastrzebska Spolka Weglowa Operating Income Related Terms

Jastrzebska Spolka Weglowa Operating Income Historical Data

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The historical data trend for Jastrzebska Spolka Weglowa's Operating Income can be seen below:

Jastrzebska Spolka Weglowa Operating Income Chart

Jastrzebska Spolka Weglowa Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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432.28

2,529.04

623.44

-573.16

-927.21

Jastrzebska Spolka Weglowa 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															-265.07	-225.64	-223.49	-213.33	-154.46

67GF Score

Jastrzebska Spolka Weglowa SA JSZWF

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Jastrzebska Spolka Weglowa 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 $-817 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $-817 Mil mean?

Jastrzebska Spolka Weglowa (JSZWF) has a Operating Income of $-817 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Jastrzebska Spolka Weglowa and its competitors.

Is Jastrzebska Spolka Weglowa's Operating Income too high?

Jastrzebska Spolka Weglowa's current Operating Income is $-817 Mil. Overall, Jastrzebska Spolka Weglowa has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.

How does Jastrzebska Spolka Weglowa's Operating Income compare to competitors?

Jastrzebska Spolka Weglowa's Operating Income of $-817 Mil can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?

A good Operating Income depends on the Other Energy Sources 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 Jastrzebska Spolka Weglowa and its competitors. Jastrzebska Spolka Weglowa's current Operating Income is $-817 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Jastrzebska Spolka Weglowa stock overvalued right now?

Jastrzebska Spolka Weglowa (JSZWF) has a current Operating Income of $-817 Mil. The stock's GF Value™ is $6.22, compared to a current price of $7.10 — trading 14.1% above its estimated fair value. The current Operating Income is $-817 Mil. Jastrzebska Spolka Weglowa's overall GF Score™ is 67/100 with 6 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 Jastrzebska Spolka Weglowa (JSZWF), the current Operating Income is $-817 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 Jastrzebska Spolka Weglowa (JSZWF) Overvalued in 2026?

Based on GuruFocus' analysis, Jastrzebska Spolka Weglowa stock appears to be overvalued. The current stock price of $7.10 is trading 14.1% above its estimated GF Value™ of $6.22.

Key valuation signals for JSZWF:

Operating Income: $-817 Mil
GF Value™: $6.22 vs. price of $7.10 (14.1% above fair value)
GF Score™: 67/100 with 6 warning signs

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

Jastrzebska Spolka Weglowa Business Description

Industry Energy Other Energy Sources

Comparable Companies WAR:LWB WAR:BMC WAR:CLE WAR:CCE SHSE:601088 BOM:512599 SHSE:601225 NSE:COALINDIA HKSE:01898 ISX:BYAN SHSE:600188 SZSE:002128 SHSE:900948 ISX:DSSA SHSE:601699 ASX:YAL SZSE:000983 SHSE:600157 ASX:WHC SHSE:601001

Other Exchanges JSW:Poland J2S:Germany

Address Al. Jana Pawła II 4, Jastrzebie Zdroj, POL, 44-330

Website http://www.jsw.pl

Jastrzebska Spolka Weglowa SA is a coal producer based in Poland and one of the European Union's producers. The company predominantly produces hard coking coal which is an essential component in the production of steel, and in its coking plants, the company processes approximately half of the coking coal it produces. Additionally, the company is engaged in natural gas mining and generation, transmission and distribution of electricity. The company's products are sold domestically as well as to Germany, Austria, the Czech Republic, Slovakia, Romania and Hungary.

67GF Score

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

$7.10

Price

$6.22

GF Value

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