NETLF (NetLink NBN Trust) Operating Income: $74.1 Mil (TTM As of Mar. 2026)

What is NetLink NBN Trust Operating Income?

NetLink NBN Trust NETLF +1.52% 32 Operating Income is $74.1 Mil as of Mar. 2026. GuruFocus rates NETLF with a GF Score™ of 32/100 and a GF Value™ of $0.68 (Modestly Overvalued). The stock has 9 warning signs investors should review.

NetLink NBN Trust's Operating Income for the six months ended in Mar. 2026 was $34.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $74.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. NetLink NBN Trust's Operating Income for the six months ended in Mar. 2026 was $34.9 Mil. NetLink NBN Trust's Revenue for the six months ended in Mar. 2026 was $161.2 Mil. Therefore, NetLink NBN Trust's Operating Margin % for the quarter that ended in Mar. 2026 was 21.63%.

Warning Sign:

NetLink NBN Trust operating margin has been in a 5-year decline. The average rate of decline per year is -1.3%.

NetLink NBN Trust's 5-Year average Growth Rate for Operating Margin % was -1.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NetLink NBN Trust's annualized ROC % for the quarter that ended in Mar. 2026 was 2.33%. NetLink NBN Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.52%.

NetLink NBN Trust (OTCPK:NETLF) Operating Income Explanation

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

NetLink NBN Trust'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 )
=	69.76 * ( 1 - 0% )	/	( (3202.575	+	2779.121)	/ 2 )
=	69.76	/	2990.848
=	2.33 %

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	))
=	3037.111	-	52.568	-	( 199.254	-	max(0, 488.414	-	270.382	+	199.254	))
=	3202.575

	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	))
=	2998.706	-	60.503	-	( 193.578	-	max(0, 96.311	-	255.393	+	193.578	))
=	2779.121

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:

NetLink NBN Trust'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 )
=	71.768	/	( ( (2054.793 + max(-51.621, 0))	+	(2025.888 + max(-62.228, 0)) )	/	2 )
=	71.768	/	( ( 2054.793	+	2025.888 )	/	2 )
=	71.768	/	2040.3405
=	3.52 %

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)
=	(30.789	+	2.655	+	4.521)	-	(52.568	+	0	+	37.018)
=	-51.621

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(23.277	+	2.08	+	6.682)	-	(60.503	+	0	+	33.764)
=	-62.228

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 %:

NetLink NBN Trust'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 )
	=	34.88	/	161.243
	=	21.63 %

* 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.

NetLink NBN Trust Operating Income Related Terms

NetLink NBN Trust Operating Income Historical Data

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The historical data trend for NetLink NBN Trust's Operating Income can be seen below:

NetLink NBN Trust Operating Income Chart

NetLink NBN Trust Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Operating Income

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70.13

91.91

92.65

82.24

74.28

NetLink NBN Trust Semi-Annual Data
	Mar16	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															47.72	43.07	40.45	39.24	34.88

32GF Score

NetLink NBN Trust NETLF

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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NetLink NBN Trust 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 $74.1 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $74.1 Mil mean?

NetLink NBN Trust (NETLF) has a Operating Income of $74.1 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on NetLink NBN Trust and its competitors.

Is NetLink NBN Trust's Operating Income too high?

NetLink NBN Trust's current Operating Income is $74.1 Mil. Overall, NetLink NBN Trust has a GF Score™ of 32/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does NetLink NBN Trust's Operating Income compare to TMUS and VZ?

NetLink NBN Trust's Operating Income of $74.1 Mil can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?

A good Operating Income depends on the Telecommunication Services 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 NetLink NBN Trust and its competitors. NetLink NBN Trust's current Operating Income is $74.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is NetLink NBN Trust stock overvalued right now?

Based on GuruFocus' analysis, NetLink NBN Trust (NETLF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.68, compared to a current price of $0.77 — trading 13.1% above its estimated fair value. The current Operating Income is $74.1 Mil. NetLink NBN Trust's overall GF Score™ is 32/100 with 9 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 NetLink NBN Trust (NETLF), the current Operating Income is $74.1 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 NetLink NBN Trust (NETLF) Overvalued in 2026?

Based on GuruFocus' analysis, NetLink NBN Trust stock appears to be overvalued. The current stock price of $0.77 is trading 13.1% above its estimated GF Value™ of $0.68. GuruFocus considers NetLink NBN Trust to be Modestly Overvalued.

Key valuation signals for NETLF:

Operating Income: $74.1 Mil
GF Value™: $0.68 vs. price of $0.77 (13.1% above fair value)
GF Score™: 32/100 with 9 warning signs

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

NetLink NBN Trust Business Description

Industry Communication Services Telecommunication Services

Comparable Companies SGX:CC3 SGX:T41 SGX:BAI SGX:AWV TSE:9984 SHSE:600941 TMUS VZ T XTER:DTE NSE:BHARTIARTL CMCSA XZIM:ECO.ZW HKSE:00728 MEX:AMXB TSE:9432 TSE:9433 TSE:9434 SAU:7010 SGX:Z74

Other Exchanges CJLU:Singapore 6NL:Germany

Address 750E Chai Chee Road, No. 07-03, ESR BizPark, Singapore, SGP, 469005

Website https://www.netlinknbn.com

NetLink NBN Trust is a national provider of internet service. It designs, builds, owns, and operates network infrastructure comprising ducts, manholes, and fiber cables. Its non-building address point (NBAP) applications include infrastructure for telecommunications operators such as wireless network base stations, cameras, sensors, signage, and outdoor kiosks. The company generates the majority of its revenue from Installation-related revenue and Ancillary project revenue. The company operates in Singapore, the USA, the UK, and the rest of the World.

32GF Score

Get the complete analysis for NETLF

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

$0.77

Price

$0.68

GF Value

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