NP (Neptune Insurance Holdings) Operating Income: $74.2 Mil (TTM As of Mar. 2026)


NP Neptune Insurance Holdings Inc NP
17 GF Score
Price $33.39
! 3 Warning Signs
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What is Neptune Insurance Holdings Operating Income?

Neptune Insurance Holdings NP +0.51% 17 Operating Income is $74.2 Mil as of Mar. 2026. GuruFocus rates NP with a GF Score™ of 17/100. The stock has 3 warning signs investors should review.

Neptune Insurance Holdings's Operating Income for the three months ended in Mar. 2026 was $13.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $74.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Neptune Insurance Holdings's Operating Income for the three months ended in Mar. 2026 was $13.4 Mil. Neptune Insurance Holdings's Revenue for the three months ended in Mar. 2026 was $37.8 Mil. Therefore, Neptune Insurance Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 35.56%.

Neptune Insurance Holdings'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. Neptune Insurance Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 103.00%. Neptune Insurance Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.

Neptune Insurance Holdings  (NYSE:NP) Operating Income Explanation

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

Neptune Insurance Holdings'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 )
=53.764 * ( 1 - 27.06% )/( (31.778 + 44.372)/ 2 )
=39.2154616/38.075
=103.00 %

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))
=65.299 - 33.852 - ( 8.036 - max(0, 52.793 - 52.462+8.036))
=31.778

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))
=85.296 - 40.113 - ( 10.542 - max(0, 71.654 - 72.465+10.542))
=44.372

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

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

Neptune Insurance Holdings'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 )
=54.424/( ( (0 + max(-14.892, 0)) + (0 + max(-15.834, 0)) )/ 2 )
=54.424/( ( 0 + 0 )/ 2 )
=54.424/0
= %

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)
=(4.08 + 0 + 33.821) - (33.852 + 18.941 + 7.105427357601E-15)
=-14.892

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.732 + 0 + 51.088) - (40.113 + 31.541 + 0)
=-15.834

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 %:

Neptune Insurance Holdings'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 )
=13.441/37.795
=35.56 %

* 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.

Neptune Insurance Holdings Operating Income Related Terms

Neptune Insurance Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Neptune Insurance Holdings'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.

Neptune Insurance Holdings Operating Income Chart

Neptune Insurance Holdings Annual Data
Trend Dec23 Dec24 Dec25
Operating Income
45.43 68.45 79.87

Neptune Insurance Holdings Quarterly Data
Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial 15.63 21.29 25.67 13.81 13.44
NP
17GF Score
Neptune Insurance Holdings Inc NP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Neptune Insurance Holdings 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 $74.2 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 $74.2 Mil mean?
Neptune Insurance Holdings (NP) has a Operating Income of $74.2 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Neptune Insurance Holdings and its competitors.
Is Neptune Insurance Holdings' Operating Income too high?
Neptune Insurance Holdings' current Operating Income is $74.2 Mil. Overall, Neptune Insurance Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Neptune Insurance Holdings' Operating Income compare to CRVL and ARX?
Neptune Insurance Holdings' Operating Income of $74.2 Mil can be compared against companies in the Insurance 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 Insurance company?
A good Operating Income depends on the Insurance 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 Neptune Insurance Holdings and its competitors. Neptune Insurance Holdings's current Operating Income is $74.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neptune Insurance Holdings stock overvalued right now?
Neptune Insurance Holdings (NP) has a current Operating Income of $74.2 Mil. The current Operating Income is $74.2 Mil. Neptune Insurance Holdings' overall GF Score™ is 17/100 with 3 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 Neptune Insurance Holdings (NP), the current Operating Income is $74.2 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.

Neptune Insurance Holdings Business Description

Address 400 6th Street South, Suite 2, Saint Petersburg, FL, USA, 33701
Neptune Insurance Holdings Inc is a high-growth, profitable, data-driven MGA that offers residential and commercial insurance products, including primary flood insurance, excess flood insurance and parametric earthquake insurance, distributed through a nationwide network of agencies in the United States. The company underwrites and administers the issuance of insurance policies on behalf of a diverse panel of insurance and reinsurance companies and does not take any balance sheet insurance risk or have claims handling responsibility relating to the policies it sells.
17GF Score

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

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