NEXA (Nexa Resources) Operating Income: $749 Mil (TTM As of Jun. 2026)

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NEXA Nexa Resources SA NEXA
60 GF Score
Price $14.33
GF Value $9.19
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Nexa Resources Operating Income?

Nexa Resources NEXA +1.49% 60 Operating Income is $749 Mil as of Jun. 2026. GuruFocus rates NEXA with a GF Score™ of 60/100 and a GF Value™ of $9.19 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Nexa Resources's Operating Income for the three months ended in Jun. 2026 was $193 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $749 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nexa Resources's Operating Income for the three months ended in Jun. 2026 was $193 Mil. Nexa Resources's Revenue for the three months ended in Jun. 2026 was $908 Mil. Therefore, Nexa Resources's Operating Margin % for the quarter that ended in Jun. 2026 was 21.26%.

Good Sign:

Nexa Resources SA operating margin is expanding. Margin expansion is usually a good sign.

Nexa Resources'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. Nexa Resources's annualized ROC % for the quarter that ended in Jun. 2026 was 9.52%. Nexa Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 29.04%.


Nexa Resources  (NYSE:NEXA) Operating Income Explanation

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

Nexa Resources'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 )
=772.144 * ( 1 - 43.65% )/( (4495.216 + 4646.777)/ 2 )
=435.103144/4570.9965
=9.52 %

where

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))
=5280.249 - 995.178 - ( 395.957 - max(0, 1414.919 - 1204.774+395.957))
=4495.216

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))
=5381.321 - 1031.827 - ( 386.812 - max(0, 1452.117 - 1154.834+386.812))
=4646.777

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

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

Nexa Resources'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 )
=925.06/( ( (3157.213 + max(-436.226, 0)) + (3213.226 + max(-522.721, 0)) )/ 2 )
=925.06/( ( 3157.213 + 3213.226 )/ 2 )
=925.06/3185.2195
=29.04 %

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)
=(248.275 + 434.952 + 112.721) - (995.178 + 0 + 236.996)
=-436.226

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(177.026 + 485.577 + 97.396) - (1031.827 + 0 + 250.893)
=-522.721

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 %:

Nexa Resources'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 )
=193.036/907.935
=21.26 %

* 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.


Nexa Resources Operating Income Related Terms


Nexa Resources Operating Income Historical Data

* Premium members only.

The historical data trend for Nexa Resources'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.

Nexa Resources Operating Income Chart

Nexa Resources 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 479.53 451.27 94.88 356.52 485.57

Nexa Resources 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 75.65 89.45 248.76 218.06 193.04
NEXA
60GF Score
Nexa Resources SA NEXA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nexa Resources 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 $749 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 $749 Mil mean?
Nexa Resources (NEXA) has a Operating Income of $749 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nexa Resources and its competitors.
Is Nexa Resources' Operating Income too high?
Nexa Resources' current Operating Income is $749 Mil. Overall, Nexa Resources has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nexa Resources' Operating Income compare to EMAT and TMC?
Nexa Resources' Operating Income of $749 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Operating Income depends on the Metals & Mining 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 Nexa Resources and its competitors. Nexa Resources's current Operating Income is $749 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nexa Resources stock overvalued right now?
Based on GuruFocus' analysis, Nexa Resources (NEXA) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.19, compared to a current price of $14.33 — trading 55.9% above its estimated fair value. The current Operating Income is $749 Mil. Nexa Resources' overall GF Score™ is 60/100 with 1 warning sign 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 Nexa Resources (NEXA), the current Operating Income is $749 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 Nexa Resources (NEXA) Overvalued in 2026?

Based on GuruFocus' analysis, Nexa Resources stock appears to be overvalued. The current stock price of $14.33 is trading 55.9% above its estimated GF Value™ of $9.19. GuruFocus considers Nexa Resources to be Significantly Overvalued.

Key valuation signals for NEXA:

  • Operating Income: $749 Mil
  • GF Value™: $9.19 vs. price of $14.33 (55.9% above fair value)
  • GF Score™: 60/100 with 1 warning sign

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


Nexa Resources Business Description

Other Exchanges NE0:Germany
Address 37A, Avenue J.F. Kennedy, Luxembourg, LUX, L-1855
Nexa Resources SA operate large-scale, mechanized underground and open pit mines, as well as smelters. The company operates through two segments namely Mining and Smelting. Its Mining segment consists of various operating units includes mineral exploration activities and the production of zinc concentrates, copper concentrates and concentrates. The Smelting segment comprises operating units which include facilities recovering and refining zinc metal out of feed materials such as zinc concentrates or secondary feed materials. It generates maximum revenue from the Smelting segment. Geographically It has a presence in Brazil, Peru, the United States of America, Switzerland, Japan, Argentina, South Korea, Colombia, Vietnam, Malaysia and other countries.
60GF Score

Get the complete analysis for NEXA

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

$14.33
Price
$9.19
GF Value