SKF AB (LTS:0NWW) Operating Income: kr8,432 Mil (TTM As of Jun. 2026)

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LTS:0NWW SKF AB LTS:0NWW
77 GF Score
Price kr261.00
GF Value kr199.56
Valuation Significantly Overvalued
! 9 Warning Signs
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What is SKF AB Operating Income?

SKF AB LTS:0NWW 77 Operating Income is kr8,432 Mil as of Jun. 2026. GuruFocus rates LTS:0NWW with a GF Score™ of 77/100 and a GF Value™ of kr199.56 (Significantly Overvalued). The stock has 9 warning signs investors should review.

SKF AB's Operating Income for the three months ended in Jun. 2026 was kr2,219 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was kr8,432 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. SKF AB's Operating Income for the three months ended in Jun. 2026 was kr2,219 Mil. SKF AB's Revenue for the three months ended in Jun. 2026 was kr23,195 Mil. Therefore, SKF AB's Operating Margin % for the quarter that ended in Jun. 2026 was 9.57%.

Warning Sign:

SKF AB operating margin has been in a 5-year decline. The average rate of decline per year is -4.1%.

SKF AB's 5-Year average Growth Rate for Operating Margin % was -4.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SKF AB's annualized ROC % for the quarter that ended in Jun. 2026 was 6.35%. SKF AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 16.73%.


SKF AB  (LTS:0NWW) Operating Income Explanation

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

SKF AB'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 )
=8876 * ( 1 - 33.68% )/( (91406 + 94002)/ 2 )
=5886.5632/92704
=6.35 %

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:

SKF AB'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 )
=8876/( ( (31344 + max(21008, 0)) + (31621 + max(22126, 0)) )/ 2 )
=8876/( ( 52352 + 53747 )/ 2 )
=8876/53049.5
=16.73 %

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)
=(16841 + 25100 + 6625) - (10954 + 0 + 16604)
=21008

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18123 + 26206 + 7258) - (11648 + 0 + 17813)
=22126

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 %:

SKF AB'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 )
=2219/23195
=9.57 %

* 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.


SKF AB Operating Income Related Terms


SKF AB Operating Income Historical Data

* Premium members only.

The historical data trend for SKF AB'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.

SKF AB Operating Income Chart

SKF AB 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 10,318.00 9,379.00 11,252.00 10,552.00 6,879.00

SKF AB 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 1,300.00 2,007.00 1,563.00 2,643.00 2,219.00
LTS:0NWW
77GF Score
SKF AB LTS:0NWW
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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SKF AB 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 kr8,432 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 kr8,432 Mil mean?
SKF AB (LTS:0NWW) has a Operating Income of kr8,432 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on SKF AB and its competitors.
Is SKF AB's Operating Income too high?
SKF AB's current Operating Income is kr8,432 Mil. Overall, SKF AB has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SKF AB's Operating Income compare to SNA and RBC?
SKF AB's Operating Income of kr8,432 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Operating Income depends on the Industrial Products 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 SKF AB and its competitors. SKF AB's current Operating Income is kr8,432 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SKF AB stock overvalued right now?
Based on GuruFocus' analysis, SKF AB (LTS:0NWW) is currently considered Significantly Overvalued. The stock's GF Value™ is kr199.56, compared to a current price of kr261.00 — trading 30.8% above its estimated fair value. The current Operating Income is kr8,432 Mil. SKF AB's overall GF Score™ is 77/100 with 9 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 SKF AB (LTS:0NWW), the current Operating Income is kr8,432 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 SKF AB (LTS:0NWW) Overvalued in 2026?

Based on GuruFocus' analysis, SKF AB stock appears to be overvalued. The current stock price of kr261.00 is trading 30.8% above its estimated GF Value™ of kr199.56. GuruFocus considers SKF AB to be Significantly Overvalued.

Key valuation signals for LTS:0NWW:

  • Operating Income: kr8,432 Mil
  • GF Value™: kr199.56 vs. price of kr261.00 (30.8% above fair value)
  • GF Score™: 77/100 with 9 warning signs

No single metric tells the full story. See the LTS:0NWW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SKF AB Business Description

Address Sven Wingquists Gata 2, Gothenburg, SWE, 415 50
SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF and Schaeffler Group are the top two global ball bearing suppliers, followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches, as ball bearings for industrial purposes are engineered for specific applications. SKF is based in Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, with a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.
77GF Score

Get the complete analysis for LTS:0NWW

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

kr261.00
Price
kr199.56
GF Value