KRYAF (Kerry Group) Operating Income: $990 Mil (TTM As of Dec. 2025)

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KRYAF Kerry Group PLC KRYAF
68 GF Score
Price $96.00
GF Value $93.55
Valuation Fairly Valued
! 4 Warning Signs
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What is Kerry Group Operating Income?

Kerry Group KRYAF 68 Operating Income is $990 Mil as of Dec. 2025. GuruFocus rates KRYAF with a GF Score™ of 68/100 and a GF Value™ of $93.55 (Fairly Valued). The stock has 4 warning signs investors should review.

Kerry Group's Operating Income for the six months ended in Dec. 2025 was $-2,824 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $990 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kerry Group's Operating Income for the six months ended in Dec. 2025 was $-2,824 Mil. Kerry Group's Revenue for the six months ended in Dec. 2025 was $3,858 Mil. Therefore, Kerry Group's Operating Margin % for the quarter that ended in Dec. 2025 was -73.19%.

Good Sign:

Kerry Group PLC operating margin is expanding. Margin expansion is usually a good sign.

Kerry Group's 5-Year average Growth Rate for Operating Margin % was 5.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kerry Group's annualized ROC % for the quarter that ended in Dec. 2025 was -48.63%. Kerry Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 35.39%.


Kerry Group  (OTCPK:KRYAF) Operating Income Explanation

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

Kerry Group'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 )
=-5647.072 * ( 1 - 12.19% )/( (10347.174 + 10044.613)/ 2 )
=-4958.6939232/10195.8935
=-48.63 %

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))
=13419.493 - 1951.442 - ( 1720.185 - max(0, 3070.934 - 4191.811+1720.185))
=10347.174

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))
=12493.091 - 1861.241 - ( 587.237 - max(0, 1936.183 - 3243.794+587.237))
=10044.613

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:

Kerry Group'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 )
=1033.49/( ( (2261.822 + max(497.347, 0)) + (2366.745 + max(714.285, 0)) )/ 2 )
=1033.49/( ( 2759.169 + 3081.03 )/ 2 )
=1033.49/2920.0995
=35.39 %

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)
=(1295.732 + 1148.097 + 27.797) - (1951.442 + 0 + 22.837)
=497.347

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1377.4 + 1122.834 + 111.475) - (1861.241 + 0 + 36.183)
=714.285

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 %:

Kerry Group'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 )
=-2823.536/3857.728
=-73.19 %

* 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.


Kerry Group Operating Income Related Terms


Kerry Group Operating Income Historical Data

* Premium members only.

The historical data trend for Kerry Group'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.

Kerry Group Operating Income Chart

Kerry Group 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 883.84 964.94 896.07 936.65 1,048.01

Kerry Group 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 -3,433.81 3,522.17 -2,489.63 3,813.50 -2,823.54
KRYAF
68GF Score
Kerry Group PLC KRYAF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Kerry Group 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 $990 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 $990 Mil mean?
Kerry Group (KRYAF) has a Operating Income of $990 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kerry Group and its competitors.
Is Kerry Group's Operating Income too high?
Kerry Group's current Operating Income is $990 Mil. Overall, Kerry Group has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kerry Group's Operating Income compare to KHC and GIS?
Kerry Group's Operating Income of $990 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Kerry Group and its competitors. Kerry Group's current Operating Income is $990 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kerry Group stock overvalued right now?
Based on GuruFocus' analysis, Kerry Group (KRYAF) is currently considered Fairly Valued. The stock's GF Value™ is $93.55, compared to a current price of $96.00 — trading 2.6% above its estimated fair value. The current Operating Income is $990 Mil. Kerry Group's overall GF Score™ is 68/100 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 Kerry Group (KRYAF), the current Operating Income is $990 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 Kerry Group (KRYAF) Overvalued in 2026?

Based on GuruFocus' analysis, Kerry Group stock appears to be overvalued. The current stock price of $96.00 is trading 2.6% above its estimated GF Value™ of $93.55. GuruFocus considers Kerry Group to be Fairly Valued.

Key valuation signals for KRYAF:

  • Operating Income: $990 Mil
  • GF Value™: $93.55 vs. price of $96.00 (2.6% above fair value)
  • GF Score™: 68/100 with 4 warning signs

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


Kerry Group Business Description

Address Prince\'s Street, Tralee, Kerry, IRL, V92 EH11
Kerry Group is a leading taste and ingredient technology company and an innovation partner for the food, beverage, and pharmaceutical sectors. The company has more than 200 locations that supply clients in more than 50 countries. Its taste and nutrition unit earns around 67% of its revenue from developed countries and 33% from the developing world, servicing a wide range of sectors, such as meat, meals, snacks, dairy, drinks, and pharmaceuticals. Kerry has expanded through a combination of organic development and dozens of tuck-in acquisitions.
68GF Score

Get the complete analysis for KRYAF

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

$96.00
Price
$93.55
GF Value