Cicor Technologies (LTS:0QPR) Operating Income: CHF31.8 Mil (TTM As of Dec. 2025)

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LTS:0QPR Cicor Technologies Ltd LTS:0QPR
86 GF Score
Price CHF120.80
GF Value CHF82.37
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Cicor Technologies Operating Income?

Cicor Technologies LTS:0QPR +6.15% 86 Operating Income is CHF31.8 Mil as of Dec. 2025. GuruFocus rates LTS:0QPR with a GF Score™ of 86/100 and a GF Value™ of CHF82.37 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Cicor Technologies's Operating Income for the six months ended in Dec. 2025 was CHF16.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was CHF31.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Cicor Technologies's Operating Income for the six months ended in Dec. 2025 was CHF16.4 Mil. Cicor Technologies's Revenue for the six months ended in Dec. 2025 was CHF335.8 Mil. Therefore, Cicor Technologies's Operating Margin % for the quarter that ended in Dec. 2025 was 4.88%.

Good Sign:

Cicor Technologies Ltd operating margin is expanding. Margin expansion is usually a good sign.

Cicor Technologies's 5-Year average Growth Rate for Operating Margin % was 8.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cicor Technologies's annualized ROC % for the quarter that ended in Dec. 2025 was 7.78%. Cicor Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.07%.

Cicor Technologies  (LTS:0QPR) Operating Income Explanation

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

Cicor Technologies'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 )
=32.766 * ( 1 - 19.82% )/( (374.481 + 300.479)/ 2 )
=26.2717788/337.48
=7.78 %

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))
=496.872 - 73.361 - ( 49.03 - max(0, 234.046 - 363.983+49.03))
=374.481

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))
=556.778 - 156.863 - ( 99.436 - max(0, 240.638 - 399.679+99.436))
=300.479

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:

Cicor Technologies'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 )
=6.272/( ( (79.519 + max(50.76, 0)) + (99.228 + max(78.726, 0)) )/ 2 )
=6.272/( ( 130.279 + 177.954 )/ 2 )
=6.272/154.1165
=4.07 %

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)
=(100.314 + 184.492 + 5.6843418860808E-14) - (73.361 + 0 + 160.685)
=50.76

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(95.161 + 184.248 + 12.826) - (156.863 + 0 + 56.646)
=78.726

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 %:

Cicor Technologies'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 )
=16.383/335.754
=4.88 %

* 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.

Cicor Technologies Operating Income Related Terms

Cicor Technologies Operating Income Historical Data

* Premium members only.

The historical data trend for Cicor Technologies'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.

Cicor Technologies Operating Income Chart

Cicor Technologies 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 12.39 12.23 29.05 38.57 31.79

Cicor Technologies 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 15.68 15.12 23.46 15.40 16.38
LTS:0QPR
86GF Score
Cicor Technologies Ltd LTS:0QPR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Cicor Technologies 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 CHF31.8 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 CHF31.8 Mil mean?
Cicor Technologies (LTS:0QPR) has a Operating Income of CHF31.8 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Cicor Technologies and its competitors.
Is Cicor Technologies' Operating Income too high?
Cicor Technologies' current Operating Income is CHF31.8 Mil. Overall, Cicor Technologies has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cicor Technologies' Operating Income compare to APH and GLW?
Cicor Technologies' Operating Income of CHF31.8 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 Cicor Technologies and its competitors. Cicor Technologies's current Operating Income is CHF31.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cicor Technologies stock overvalued right now?
Based on GuruFocus' analysis, Cicor Technologies (LTS:0QPR) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF82.37, compared to a current price of CHF120.80 — trading 46.7% above its estimated fair value. The current Operating Income is CHF31.8 Mil. Cicor Technologies' overall GF Score™ is 86/100 with 3 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 Cicor Technologies (LTS:0QPR), the current Operating Income is CHF31.8 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 Cicor Technologies (LTS:0QPR) Overvalued in 2026?

Based on GuruFocus' analysis, Cicor Technologies stock appears to be overvalued. The current stock price of CHF120.80 is trading 46.7% above its estimated GF Value™ of CHF82.37. GuruFocus considers Cicor Technologies to be Significantly Overvalued.

Key valuation signals for LTS:0QPR:

  • Operating Income: CHF31.8 Mil
  • GF Value™: CHF82.37 vs. price of CHF120.80 (46.7% above fair value)
  • GF Score™: 86/100 with 3 warning signs

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

Cicor Technologies Business Description

Address c/o Cicor Management AG, Gebenloostrasse 15, Bronschhofen, CHE, 9552
Cicor Technologies Ltd is engaged in the manufacturing of printed circuit boards, high-density interconnect, thin and thick film, radio frequency boards, quick turn prototypes, micro-assembly, packaging, and outsourcing of electronic modules and component groups. The company's products are used by medical technology, automotive, semiconductor, aerospace and defense, telecommunications, and watch industries. The business operates through segments are Electronic Manufacturing Services (EMS), and Advanced Substrates (AS). The Electronic Manufacturing Services segment generates maximum revenue for the company. The solutions provided by the company are: Engineering Services; Electronic Manufacturing Services; Precision Plastics; and Advanced PCBs and Substrates.
86GF Score

Get the complete analysis for LTS:0QPR

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

CHF120.80
Price
CHF82.37
GF Value