Luminar Technologies (MEX:LAZR) Operating Income: MXN-4,883 Mil (TTM As of Dec. 2025)

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MEX:LAZR Luminar Technologies Inc MEX:LAZR
33 GF Score
Price MXN3.89
GF Value MXN1,255.61
! 5 Warning Signs
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What is Luminar Technologies Operating Income?

Luminar Technologies MEX:LAZR 33 Operating Income is MXN-4,883 Mil as of Dec. 2025. GuruFocus rates MEX:LAZR with a GF Score™ of 33/100 and a GF Value™ of MXN1,255.61. The stock has 5 warning signs investors should review.

Luminar Technologies's Operating Income for the three months ended in Dec. 2025 was MXN-1,512 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was MXN-4,883 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Luminar Technologies's Operating Income for the three months ended in Dec. 2025 was MXN-1,512 Mil. Luminar Technologies's Revenue for the three months ended in Dec. 2025 was MXN229 Mil. Therefore, Luminar Technologies's Operating Margin % for the quarter that ended in Dec. 2025 was -658.94%.

Good Sign:

Luminar Technologies Inc operating margin is expanding. Margin expansion is usually a good sign.

Luminar Technologies's 5-Year average Growth Rate for Operating Margin % was 8.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Luminar Technologies's annualized ROC % for the quarter that ended in Dec. 2025 was -221.14%. Luminar Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -1,152.21%.


Luminar Technologies  (MEX:LAZR) Operating Income Explanation

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

Luminar 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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-6048.62 * ( 1 - 0% )/( (1910.034 + 3560.429)/ 2 )
=-6048.62/2735.2315
=-221.14 %

where

Invested Capital(Q: Sep. 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))
=3733.338 - 731.732 - ( 1357.287 - max(0, 1149.594 - 2241.166+1357.287))
=1910.034

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))
=2364.923 - 248.101 - ( 411.232 - max(0, 2468.78 - 1025.173+411.232))
=3560.429

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Luminar 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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-11921.864/( ( (1007.207 + max(-130.665, 0)) + (883.45 + max(178.725, 0)) )/ 2 )
=-11921.864/( ( 1007.207 + 1062.175 )/ 2 )
=-11921.864/1034.691
=-1,152.21 %

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)
=(262.634 + 295.397 + 325.848) - (731.732 + 68.589 + 214.223)
=-130.665

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(107.314 + 119.846 + 386.781) - (248.101 + 32.716 + 154.399)
=178.725

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Luminar 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 )
=-1512.155/229.483
=-658.94 %

* 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.


Luminar Technologies Operating Income Related Terms


Luminar Technologies Operating Income Historical Data

* Premium members only.

The historical data trend for Luminar 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.

Luminar Technologies Operating Income Chart

Luminar Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -4,401.32 -8,625.07 -9,298.82 -8,730.57 -4,652.62

Luminar Technologies Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 -1,365.26 -1,477.25 -721.14 -1,172.34 -1,512.16
MEX:LAZR
33GF Score
Luminar Technologies Inc MEX:LAZR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Luminar 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 quarterly data reported by the company within the most recent 12 months, which was MXN-4,883 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 MXN-4,883 Mil mean?
Luminar Technologies (MEX:LAZR) has a Operating Income of MXN-4,883 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Luminar Technologies and its competitors.
Is Luminar Technologies' Operating Income too high?
Luminar Technologies' current Operating Income is MXN-4,883 Mil. Overall, Luminar Technologies has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Luminar Technologies' Operating Income compare to FFLO and OMTK?
Luminar Technologies' Operating Income of MXN-4,883 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts 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 Luminar Technologies and its competitors. Luminar Technologies's current Operating Income is MXN-4,883 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luminar Technologies stock overvalued right now?
Luminar Technologies (MEX:LAZR) has a current Operating Income of MXN-4,883 Mil. The stock's GF Value™ is MXN1,255.61, compared to a current price of MXN3.89 — trading 99.7% below its estimated fair value. The current Operating Income is MXN-4,883 Mil. Luminar Technologies' overall GF Score™ is 33/100 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 Luminar Technologies (MEX:LAZR), the current Operating Income is MXN-4,883 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 Luminar Technologies (MEX:LAZR) Overvalued in 2026?

Based on GuruFocus' analysis, Luminar Technologies stock appears to be undervalued. The current stock price of MXN3.89 is trading 99.7% below its estimated GF Value™ of MXN1,255.61.

Key valuation signals for MEX:LAZR:

  • Operating Income: MXN-4,883 Mil
  • GF Value™: MXN1,255.61 vs. price of MXN3.89 (99.7% below fair value)
  • GF Score™: 33/100 with 5 warning signs

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


Luminar Technologies Business Description

Address 151 Gibraltar Court, Sunnyvale, CA, USA, 94089
Luminar Technologies Inc is a technology firm specializing in Light Detection and Ranging (LiDAR) hardware and software solutions for automotive and related applications. It develops LiDAR systems, semiconductor components, and software in-house for use in passenger and commercial vehicles, as well as other markets, to support safety and autonomous driving functions. The company's business activities are organized in two operating segments: (i) Autonomy Solutions and (ii) Advanced Technologies and Services. The majority of revenue is derived from the Autonomy Solutions segment, which is engaged in the design, manufacturing, and sale of LiDAR sensors catering mainly to OEMs in the automotive, commercial vehicle, robo-taxi and adjacent industries.
33GF Score

Get the complete analysis for MEX:LAZR

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

MXN3.89
Price
MXN1,255.61
GF Value