CML Microsystems (LSE:CML) Operating Income: £2.36 Mil (TTM As of Mar. 2026)

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LSE:CML CML Microsystems PLC LSE:CML
75 GF Score
Price £2.62
GF Value £2.85
Valuation Fairly Valued
! 5 Warning Signs
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What is CML Microsystems Operating Income?

CML Microsystems LSE:CML -1.13% 75 Operating Income is £2.36 Mil as of Mar. 2026. GuruFocus rates LSE:CML with a GF Score™ of 75/100 and a GF Value™ of £2.85 (Fairly Valued). The stock has 5 warning signs investors should review.

CML Microsystems's Operating Income for the six months ended in Mar. 2026 was £3.34 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was £2.36 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. CML Microsystems's Operating Income for the six months ended in Mar. 2026 was £3.34 Mil. CML Microsystems's Revenue for the six months ended in Mar. 2026 was £11.27 Mil. Therefore, CML Microsystems's Operating Margin % for the quarter that ended in Mar. 2026 was 29.60%.

CML Microsystems'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. CML Microsystems's annualized ROC % for the quarter that ended in Mar. 2026 was 10.50%. CML Microsystems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -38.89%.


CML Microsystems  (LSE:CML) Operating Income Explanation

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

CML Microsystems'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=6.672 * ( 1 - 26.76% )/( (47.152 + 45.969)/ 2 )
=4.8865728/46.5605
=10.50 %

where

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

CML Microsystems'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.098/( ( (7.64 + max(5.762, 0)) + (9.414 + max(3.404, 0)) )/ 2 )
=-5.098/( ( 13.402 + 12.818 )/ 2 )
=-5.098/13.11
=-38.89 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.429 + 5.263 + 2.607) - (6.345 + 0 + 0.192)
=5.762

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.471 + 4.761 + 0.347) - (4.685 + 0 + 0.49)
=3.404

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

CML Microsystems'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 )
=3.336/11.271
=29.60 %

* 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.


CML Microsystems Operating Income Related Terms


CML Microsystems Operating Income Historical Data

* Premium members only.

The historical data trend for CML Microsystems'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.

CML Microsystems Operating Income Chart

CML Microsystems Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.29 3.42 2.13 0.44 -1.93

CML Microsystems Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.52 0.58 -0.13 -0.98 3.34
LSE:CML
75GF Score
CML Microsystems PLC LSE:CML
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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CML Microsystems 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 semi-annually data reported by the company within the most recent 12 months, which was £2.36 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 £2.36 Mil mean?
CML Microsystems (LSE:CML) has a Operating Income of £2.36 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on CML Microsystems and its competitors.
Is CML Microsystems' Operating Income too high?
CML Microsystems' current Operating Income is £2.36 Mil. Overall, CML Microsystems has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CML Microsystems' Operating Income compare to NVDA and AVGO?
CML Microsystems' Operating Income of £2.36 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Operating Income depends on the Semiconductors 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 CML Microsystems and its competitors. CML Microsystems's current Operating Income is £2.36 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CML Microsystems stock overvalued right now?
Based on GuruFocus' analysis, CML Microsystems (LSE:CML) is currently considered Fairly Valued. The stock's GF Value™ is £2.85, compared to a current price of £2.62 — trading 8.1% below its estimated fair value. The current Operating Income is £2.36 Mil. CML Microsystems' overall GF Score™ is 75/100 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 CML Microsystems (LSE:CML), the current Operating Income is £2.36 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 CML Microsystems (LSE:CML) Overvalued in 2026?

Based on GuruFocus' analysis, CML Microsystems stock appears to be undervalued. The current stock price of £2.62 is trading 8.1% below its estimated GF Value™ of £2.85. GuruFocus considers CML Microsystems to be Fairly Valued.

Key valuation signals for LSE:CML:

  • Operating Income: £2.36 Mil
  • GF Value™: £2.85 vs. price of £2.62 (8.1% below fair value)
  • GF Score™: 75/100 with 5 warning signs

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


CML Microsystems Business Description

Other Exchanges 92M:Germany
Address Oval Park, Langford, Maldon, Essex, GBR, CM9 6WG
CML Microsystems PLC designs manufacture and markets a range of semiconductors for industrial and professional applications within the storage, wireless, and wireline communications market areas. It operates internationally with subsidiaries across the United Kingdom, Europe, the Americas, and the Far East. The company is focused only one reporting segment, the Semiconductor segment.
75GF Score

Get the complete analysis for LSE:CML

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

£2.62
Price
£2.85
GF Value