Real Matters (MEX:REAL) Operating Income: MXN-68 Mil (TTM As of Mar. 2026)


MEX:REAL Real Matters Inc MEX:REAL
76 GF Score
Price MXN297.47
GF Value MXN356.62
! 2 Warning Signs
View Full Analysis

What is Real Matters Operating Income?

Real Matters MEX:REAL 76 Operating Income is MXN-68 Mil as of Mar. 2026. GuruFocus rates MEX:REAL with a GF Score™ of 76/100 and a GF Value™ of MXN356.62. The stock has 2 warning signs investors should review.

Real Matters's Operating Income for the three months ended in Mar. 2026 was MXN-4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN-68 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Real Matters's Operating Income for the three months ended in Mar. 2026 was MXN-4 Mil. Real Matters's Revenue for the three months ended in Mar. 2026 was MXN852 Mil. Therefore, Real Matters's Operating Margin % for the quarter that ended in Mar. 2026 was -0.52%.

Real Matters'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. Real Matters's annualized ROC % for the quarter that ended in Mar. 2026 was -1.61%. Real Matters's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 178.04%.


Real Matters  (MEX:REAL) Operating Income Explanation

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

Real Matters'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 )
=-17.888 * ( 1 - 16.23% )/( (912.997 + 950.648)/ 2 )
=-14.9847776/931.8225
=-1.61 %

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))
=1897.441 - 195.83 - ( 788.614 - max(0, 222.046 - 1010.984+788.614))
=912.997

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))
=1953.735 - 252.025 - ( 751.062 - max(0, 278.353 - 1070.024+751.062))
=950.648

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

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

Real Matters'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 )
=108.844/( ( (32.554 + max(11.343, 0)) + (28.474 + max(49.896, 0)) )/ 2 )
=108.844/( ( 43.897 + 78.37 )/ 2 )
=108.844/61.1335
=178.04 %

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)
=(185.675 + 0 + 36.695) - (195.83 + 0 + 15.197)
=11.343

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(284.953 + 0 + 34.009) - (252.025 + 0 + 17.041)
=49.896

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 %:

Real Matters'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 )
=-4.472/851.901
=-0.52 %

* 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.


Real Matters Operating Income Related Terms


Real Matters Operating Income Historical Data

* Premium members only.

The historical data trend for Real Matters'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.

Real Matters Operating Income Chart

Real Matters Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,064.04 26.43 -132.61 -79.96 -145.43

Real Matters 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 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 -56.63 -14.10 -35.68 -13.72 -4.47
MEX:REAL
76GF Score
Real Matters Inc MEX:REAL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Real Matters 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 MXN-68 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-68 Mil mean?
Real Matters (MEX:REAL) has a Operating Income of MXN-68 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Real Matters and its competitors.
Is Real Matters' Operating Income too high?
Real Matters' current Operating Income is MXN-68 Mil. Overall, Real Matters has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Real Matters' Operating Income compare to CBRE and BEKE?
Real Matters' Operating Income of MXN-68 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Real Matters and its competitors. Real Matters's current Operating Income is MXN-68 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Real Matters stock overvalued right now?
Real Matters (MEX:REAL) has a current Operating Income of MXN-68 Mil. The stock's GF Value™ is MXN356.62, compared to a current price of MXN297.47 — trading 16.6% below its estimated fair value. The current Operating Income is MXN-68 Mil. Real Matters' overall GF Score™ is 76/100 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 Real Matters (MEX:REAL), the current Operating Income is MXN-68 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 Real Matters (MEX:REAL) Overvalued in 2026?

Based on GuruFocus' analysis, Real Matters stock appears to be undervalued. The current stock price of MXN297.47 is trading 16.6% below its estimated GF Value™ of MXN356.62.

Key valuation signals for MEX:REAL:

  • Operating Income: MXN-68 Mil
  • GF Value™: MXN356.62 vs. price of MXN297.47 (16.6% below fair value)
  • GF Score™: 76/100 with 2 warning signs

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


Real Matters Business Description

Address 50 Minthorn Boulevard, Suite 401, Markham, ON, CAN, L3T 7X8
Real Matters Inc is a Canadian network management services provider for the mortgage lending and insurance industries. The company's platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified field agents. Its operating segment includes U.S. Appraisal; U.S. Title, and Canada. The company generates maximum revenue from the U.S. Appraisal segment. Its U.S. Appraisal segment provides residential mortgage appraisals for purchase, refinance, and home equity transactions through its Solidifi brand.
76GF Score

Get the complete analysis for MEX:REAL

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

MXN297.47
Price
MXN356.62
GF Value