United Utilities Group (MEX:UUN) Operating Income: MXN26,874 Mil (TTM As of Mar. 2026)

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MEX:UUN United Utilities Group PLC MEX:UUN
82 GF Score
Price MXN243.19
GF Value MXN252.56
! 6 Warning Signs
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What is United Utilities Group Operating Income?

United Utilities Group MEX:UUN 82 Operating Income is MXN26,874 Mil as of Mar. 2026. GuruFocus rates MEX:UUN with a GF Score™ of 82/100 and a GF Value™ of MXN252.56. The stock has 6 warning signs investors should review.

United Utilities Group's Operating Income for the six months ended in Mar. 2026 was MXN12,943 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN26,874 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. United Utilities Group's Operating Income for the six months ended in Mar. 2026 was MXN12,943 Mil. United Utilities Group's Revenue for the six months ended in Mar. 2026 was MXN31,427 Mil. Therefore, United Utilities Group's Operating Margin % for the quarter that ended in Mar. 2026 was 41.18%.

Good Sign:

United Utilities Group PLC operating margin is expanding. Margin expansion is usually a good sign.

United Utilities Group's 5-Year average Growth Rate for Operating Margin % was 2.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United Utilities Group's annualized ROC % for the quarter that ended in Mar. 2026 was 5.05%. United Utilities Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.31%.


United Utilities Group  (MEX:UUN) Operating Income Explanation

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

United Utilities Group'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=25885.34 * ( 1 - 23.56% )/( (385996.673 + 398116.333)/ 2 )
=19786.753896/392056.503
=5.05 %

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))
=434536.914 - 15612.402 - ( 47984.957 - max(0, 27010.595 - 59938.434+47984.957))
=385996.673

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))
=435838.337 - 5227.079 - ( 43141.431 - max(0, 20968.424 - 53463.349+43141.431))
=398116.333

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

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

United Utilities Group'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=29814.064/( ( (355074.302 + max(-4603.403, 0)) + (362673.662 + max(-11988.139, 0)) )/ 2 )
=29814.064/( ( 355074.302 + 362673.662 )/ 2 )
=29814.064/358873.982
=8.31 %

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)
=(9286.132 + 247.895 + 2419.45) - (15612.402 + 0 + 944.478)
=-4603.403

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2738.566 + 218.797 + 2089.389) - (5227.079 + 0 + 11807.812)
=-11988.139

When net working capital is negative, 0 is used.

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

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

United Utilities Group'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 )
=12942.67/31427.39
=41.18 %

* 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.


United Utilities Group Operating Income Related Terms


United Utilities Group Operating Income Historical Data

* Premium members only.

The historical data trend for United Utilities Group'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.

United Utilities Group Operating Income Chart

United Utilities Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16,196.38 9,760.63 10,246.66 16,802.68 26,455.17

United Utilities Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 5,084.32 8,759.06 7,913.68 13,931.68 12,942.67
MEX:UUN
82GF Score
United Utilities Group PLC MEX:UUN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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United Utilities Group 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 semi-annually data reported by the company within the most recent 12 months, which was MXN26,874 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 MXN26,874 Mil mean?
United Utilities Group (MEX:UUN) has a Operating Income of MXN26,874 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on United Utilities Group and its competitors.
Is United Utilities Group's Operating Income too high?
United Utilities Group's current Operating Income is MXN26,874 Mil. Overall, United Utilities Group has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does United Utilities Group's Operating Income compare to AWK and WTRG?
United Utilities Group's Operating Income of MXN26,874 Mil can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated 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 United Utilities Group and its competitors. United Utilities Group's current Operating Income is MXN26,874 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Utilities Group stock overvalued right now?
United Utilities Group (MEX:UUN) has a current Operating Income of MXN26,874 Mil. The stock's GF Value™ is MXN252.56, compared to a current price of MXN243.19 — trading 3.7% below its estimated fair value. The current Operating Income is MXN26,874 Mil. United Utilities Group's overall GF Score™ is 82/100 with 6 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 United Utilities Group (MEX:UUN), the current Operating Income is MXN26,874 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 United Utilities Group (MEX:UUN) Overvalued in 2026?

Based on GuruFocus' analysis, United Utilities Group stock appears to be undervalued. The current stock price of MXN243.19 is trading 3.7% below its estimated GF Value™ of MXN252.56.

Key valuation signals for MEX:UUN:

  • Operating Income: MXN26,874 Mil
  • GF Value™: MXN252.56 vs. price of MXN243.19 (3.7% below fair value)
  • GF Score™: 82/100 with 6 warning signs

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


United Utilities Group Business Description

Address Lingley Green Avenue, Haweswater House, Lingley Mere Business Park, Great Sankey, Warrington, GBR, WA5 3LP
United Utilities Group is primarily a holding company for United Utilities Water, the country's largest regulated water and wastewater utility, serving customers in northwest England, including Manchester and Liverpool.
82GF Score

Get the complete analysis for MEX:UUN

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

MXN243.19
Price
MXN252.56
GF Value