Nokian Tyres (MIL:1TYRES) Operating Income: €74 Mil (TTM As of Jun. 2026)

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MIL:1TYRES Nokian Tyres PLC MIL:1TYRES
44 GF Score
Price €14.88
GF Value €9.54
Valuation Significantly Overvalued
! 12 Warning Signs
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What is Nokian Tyres Operating Income?

Nokian Tyres MIL:1TYRES -0.53% 44 Operating Income is €74 Mil as of Jun. 2026. GuruFocus rates MIL:1TYRES with a GF Score™ of 44/100 and a GF Value™ of €9.54 (Significantly Overvalued). The stock has 12 warning signs investors should review.

Nokian Tyres's Operating Income for the three months ended in Jun. 2026 was €35 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €74 Mil.

Warning Sign:

Nokian Tyres PLC 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. Nokian Tyres's Operating Income for the three months ended in Jun. 2026 was €35 Mil. Nokian Tyres's Revenue for the three months ended in Jun. 2026 was €380 Mil. Therefore, Nokian Tyres's Operating Margin % for the quarter that ended in Jun. 2026 was 9.16%.

Warning Sign:

Nokian Tyres PLC operating margin has been in a 5-year decline. The average rate of decline per year is -46.4%.

Nokian Tyres's 5-Year average Growth Rate for Operating Margin % was -46.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nokian Tyres's annualized ROC % for the quarter that ended in Jun. 2026 was 6.02%. Nokian Tyres's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 7.85%.


Nokian Tyres  (MIL:1TYRES) Operating Income Explanation

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

Nokian Tyres'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: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=139.2 * ( 1 - 17.02% )/( (1884 + 1954.3)/ 2 )
=115.50816/1919.15
=6.02 %

where

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

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

Nokian Tyres'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: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=130.8/( ( (1252.8 + max(378.1, 0)) + (1225.6 + max(476.4, 0)) )/ 2 )
=130.8/( ( 1630.9 + 1702 )/ 2 )
=130.8/1666.45
=7.85 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(262.6 + 457.5 + -0.10000000000002) - (340.4 + 0 + 1.5)
=378.1

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(365.5 + 447.4 + 0) - (334.9 + 0 + 1.6)
=476.4

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Nokian Tyres'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 )
=34.8/379.9
=9.16 %

* 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.


Nokian Tyres Operating Income Related Terms


Nokian Tyres Operating Income Historical Data

* Premium members only.

The historical data trend for Nokian Tyres'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.

Nokian Tyres Operating Income Chart

Nokian Tyres 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 266.70 55.40 31.80 1.30 35.80

Nokian Tyres Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 14.80 21.90 35.20 -17.90 34.80
MIL:1TYRES
44GF Score
Nokian Tyres PLC MIL:1TYRES
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nokian Tyres 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 quarterly data reported by the company within the most recent 12 months, which was €74 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 €74 Mil mean?
Nokian Tyres (MIL:1TYRES) has a Operating Income of €74 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nokian Tyres and its competitors.
Is Nokian Tyres' Operating Income too high?
Nokian Tyres' current Operating Income is €74 Mil. Overall, Nokian Tyres has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokian Tyres' Operating Income compare to ORLY and AZO?
Nokian Tyres' Operating Income of €74 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 Nokian Tyres and its competitors. Nokian Tyres's current Operating Income is €74 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokian Tyres stock overvalued right now?
Based on GuruFocus' analysis, Nokian Tyres (MIL:1TYRES) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.54, compared to a current price of €14.88 — trading 56% above its estimated fair value. The current Operating Income is €74 Mil. Nokian Tyres' overall GF Score™ is 44/100 with 12 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 Nokian Tyres (MIL:1TYRES), the current Operating Income is €74 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 Nokian Tyres (MIL:1TYRES) Overvalued in 2026?

Based on GuruFocus' analysis, Nokian Tyres stock appears to be overvalued. The current stock price of €14.88 is trading 56% above its estimated GF Value™ of €9.54. GuruFocus considers Nokian Tyres to be Significantly Overvalued.

Key valuation signals for MIL:1TYRES:

  • Operating Income: €74 Mil
  • GF Value™: €9.54 vs. price of €14.88 (56% above fair value)
  • GF Score™: 44/100 with 12 warning signs

No single metric tells the full story. See the MIL:1TYRES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nokian Tyres Business Description

Address Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101
Nokian Tyres PLC develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres and Vianor. The Passenger car tyres segment generates the majority of revenue.
44GF Score

Get the complete analysis for MIL:1TYRES

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

€14.88
Price
€9.54
GF Value