MARPS (Marine Petroleum Trust) Operating Income: $0.61 Mil (TTM As of Mar. 2026)

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Marine Petroleum Trust MARPS

66 GF Score

Price $4.94

GF Value $3.69

Valuation Significantly Overvalued

2 Warning Signs

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What is Marine Petroleum Trust Operating Income?

Marine Petroleum Trust MARPS -0.20% 66 Operating Income is $0.61 Mil as of Mar. 2026. GuruFocus rates MARPS with a GF Score™ of 66/100 and a GF Value™ of $3.69 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Marine Petroleum Trust's Operating Income for the three months ended in Mar. 2026 was $0.13 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $0.61 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Marine Petroleum Trust's Operating Income for the three months ended in Mar. 2026 was $0.13 Mil. Marine Petroleum Trust's Revenue for the three months ended in Mar. 2026 was $0.23 Mil. Therefore, Marine Petroleum Trust's Operating Margin % for the quarter that ended in Mar. 2026 was 56.58%.

Good Sign:

Marine Petroleum Trust operating margin is expanding. Margin expansion is usually a good sign.

Marine Petroleum Trust's 5-Year average Growth Rate for Operating Margin % was 3.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marine Petroleum Trust's annualized ROC % for the quarter that ended in Mar. 2026 was %. Marine Petroleum Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.

Marine Petroleum Trust (NAS:MARPS) Operating Income Explanation

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

Marine Petroleum Trust'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 )
=	0.516 * ( 1 - 0% )	/	( (0	+	0)	/ 2 )
=	0.516	/	0
=	%

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	))
=	1.01	-	0	-	( 1.01	-	max(0, 0	-	1.01	+	1.01	))
=	0

	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	))
=	0.941	-	0	-	( 0.941	-	max(0, 0	-	0.941	+	0.941	))
=	0

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

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

Marine Petroleum Trust'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 )
=	0.516	/	( ( (0 + max(0, 0))	+	(0 + max(0, 0)) )	/	2 )
=	0.516	/	( ( 0	+	0 )	/	2 )
=	0.516	/	0
=	%

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)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

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

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 %:

Marine Petroleum Trust'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 )
	=	0.129	/	0.228
	=	56.58 %

* 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.

Marine Petroleum Trust Operating Income Related Terms

Marine Petroleum Trust Operating Income Historical Data

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The historical data trend for Marine Petroleum Trust's Operating Income can be seen below:

Marine Petroleum Trust Operating Income Chart

Marine Petroleum Trust Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

Operating Income

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0.16

1.20

1.34

0.66

0.70

Marine Petroleum Trust 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															0.24	0.17	0.13	0.19	0.13

66GF Score

Marine Petroleum Trust MARPS

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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Marine Petroleum Trust 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 $0.61 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $0.61 Mil mean?

Marine Petroleum Trust (MARPS) has a Operating Income of $0.61 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Marine Petroleum Trust and its competitors.

Is Marine Petroleum Trust's Operating Income too high?

Marine Petroleum Trust's current Operating Income is $0.61 Mil. Overall, Marine Petroleum Trust has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Marine Petroleum Trust's Operating Income compare to BANL and TOPS?

Marine Petroleum Trust's Operating Income of $0.61 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?

A good Operating Income depends on the Oil & Gas 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 Marine Petroleum Trust and its competitors. Marine Petroleum Trust's current Operating Income is $0.61 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Marine Petroleum Trust stock overvalued right now?

Based on GuruFocus' analysis, Marine Petroleum Trust (MARPS) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.69, compared to a current price of $4.94 — trading 33.9% above its estimated fair value. The current Operating Income is $0.61 Mil. Marine Petroleum Trust's overall GF Score™ is 66/100 with 2 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 Marine Petroleum Trust (MARPS), the current Operating Income is $0.61 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 Marine Petroleum Trust (MARPS) Overvalued in 2026?

Based on GuruFocus' analysis, Marine Petroleum Trust stock appears to be overvalued. The current stock price of $4.94 is trading 33.9% above its estimated GF Value™ of $3.69. GuruFocus considers Marine Petroleum Trust to be Significantly Overvalued.

Key valuation signals for MARPS:

Operating Income: $0.61 Mil
GF Value™: $3.69 vs. price of $4.94 (33.9% above fair value)
GF Score™: 66/100 with 2 warning signs

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

Marine Petroleum Trust Business Description

Industry Energy Oil & Gas

Comparable Companies BANL TOPS RBNE TMDE CWPE TSX:ENB WMB EPD KMI TSX:TRP ET TRGP MPLX OKE LNG CQP TSX:PPL VG SHSE:601872 WES

Address c/o Corporate Trustee, Argent Trust Company, 3838 Oak Lawn Avenue, Suite 1720, Dallas, TX, USA, 75219

Website https://www.marps-marine.com

Marine Petroleum Trust is a U.S based royalty trust. It provides administration and liquidation of rights to payments from oil and natural gas leases in the Gulf of Mexico. The Trust's subsidiary holds title to interests in properties which are situated offshore of Louisiana. The revenues of the trust are derived from the oil and natural gas production activities of third parties.

66GF Score

Get the complete analysis for MARPS

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

$4.94

Price

$3.69

GF Value

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