MTU Aero Engines AG (MEX:MTX1N) Operating Income: MXN25,022 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:MTX1N MTU Aero Engines AG MEX:MTX1N
89 GF Score
Price MXN4,282.99
GF Value MXN4,913.53
! 2 Warning Signs
View Full Analysis

What is MTU Aero Engines AG Operating Income?

MTU Aero Engines AG MEX:MTX1N 89 Operating Income is MXN25,022 Mil as of Jun. 2026. GuruFocus rates MEX:MTX1N with a GF Score™ of 89/100 and a GF Value™ of MXN4,913.53. The stock has 2 warning signs investors should review.

MTU Aero Engines AG's Operating Income for the six months ended in Jun. 2026 was MXN10,896 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was MXN25,022 Mil.

Warning Sign:

MTU Aero Engines AG has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. MTU Aero Engines AG's Operating Income for the six months ended in Jun. 2026 was MXN10,896 Mil. MTU Aero Engines AG's Revenue for the six months ended in Jun. 2026 was MXN93,798 Mil. Therefore, MTU Aero Engines AG's Operating Margin % for the quarter that ended in Jun. 2026 was 11.62%.

MTU Aero Engines AG'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. MTU Aero Engines AG's annualized ROC % for the quarter that ended in Jun. 2026 was 7.76%. MTU Aero Engines AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 63.36%.


MTU Aero Engines AG  (MEX:MTX1N) Operating Income Explanation

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

MTU Aero Engines AG'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: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=21791.148 * ( 1 - 26.24% )/( (205125.826 + 209327.692)/ 2 )
=16073.1507648/207226.759
=7.76 %

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))
=268209.028 - 14020.832 - ( 49694.889 - max(0, 110796.198 - 159858.568+49694.889))
=205125.826

Invested Capital(Q: Jun. 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))
=268388.939 - 10935.779 - ( 51000.13 - max(0, 114705.062 - 162830.53+51000.13))
=209327.692

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

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

MTU Aero Engines AG'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: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=26937.396/( ( (41704.069 + max(-30339.816, 0)) + (43320.962 + max(-26253.909, 0)) )/ 2 )
=26937.396/( ( 41704.069 + 43320.962 )/ 2 )
=26937.396/42512.5155
=63.36 %

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)
=(31288.593 + 41914.908 + 4975.814) - (14020.832 + 0 + 94498.299)
=-30339.816

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36546.408 + 41129.786 + 4020.507) - (10935.779 + 0 + 97014.831)
=-26253.909

When net working capital is negative, 0 is used.

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

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

MTU Aero Engines AG'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 )
=10895.574/93798.426
=11.62 %

* 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.


MTU Aero Engines AG Operating Income Related Terms


MTU Aero Engines AG Operating Income Historical Data

* Premium members only.

The historical data trend for MTU Aero Engines AG'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.

MTU Aero Engines AG Operating Income Chart

MTU Aero Engines AG 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 7,301.59 9,933.87 -4,424.04 19,261.50 26,818.79

MTU Aero Engines AG Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 7,395.09 11,072.08 13,074.02 14,126.25 10,895.57
MEX:MTX1N
89GF Score
MTU Aero Engines AG MEX:MTX1N
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MTU Aero Engines AG 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 semi-annually data reported by the company within the most recent 12 months, which was MXN25,022 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 MXN25,022 Mil mean?
MTU Aero Engines AG (MEX:MTX1N) has a Operating Income of MXN25,022 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on MTU Aero Engines AG and its competitors.
Is MTU Aero Engines AG's Operating Income too high?
MTU Aero Engines AG's current Operating Income is MXN25,022 Mil. Overall, MTU Aero Engines AG has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does MTU Aero Engines AG's Operating Income compare to SPCX and GE?
MTU Aero Engines AG's Operating Income of MXN25,022 Mil can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense 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 MTU Aero Engines AG and its competitors. MTU Aero Engines AG's current Operating Income is MXN25,022 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTU Aero Engines AG stock overvalued right now?
MTU Aero Engines AG (MEX:MTX1N) has a current Operating Income of MXN25,022 Mil. The stock's GF Value™ is MXN4,913.53, compared to a current price of MXN4,282.99 — trading 12.8% below its estimated fair value. The current Operating Income is MXN25,022 Mil. MTU Aero Engines AG's overall GF Score™ is 89/100 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 MTU Aero Engines AG (MEX:MTX1N), the current Operating Income is MXN25,022 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 MTU Aero Engines AG (MEX:MTX1N) Overvalued in 2026?

Based on GuruFocus' analysis, MTU Aero Engines AG stock appears to be undervalued. The current stock price of MXN4,282.99 is trading 12.8% below its estimated GF Value™ of MXN4,913.53.

Key valuation signals for MEX:MTX1N:

  • Operating Income: MXN25,022 Mil
  • GF Value™: MXN4,913.53 vs. price of MXN4,282.99 (12.8% below fair value)
  • GF Score™: 89/100 with 2 warning signs

No single metric tells the full story. See the MEX:MTX1N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MTU Aero Engines AG Business Description

Address Dachauer Strasse 665, Munich, BY, DEU, 80995
MTU Aero Engines specializes in the development and production of commercial and military aircraft engine components and spare parts. It also performs maintenance, repair, and overhaul services for aircraft engines. More than 30% of commercial aircraft have MTU technology on board. The company is a major assembler of aircraft engines. The commercial and military engine segment develops and manufactures engine components for new engine production and spare parts for the aftermarket. The commercial maintenance business reports MTU's MRO services.
89GF Score

Get the complete analysis for MEX:MTX1N

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

MXN4,282.99
Price
MXN4,913.53
GF Value