WindowMaster International AS (OCSE:WMA) Operating Income: kr8.3 Mil (TTM As of Dec. 2025)

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OCSE:WMA WindowMaster International AS OCSE:WMA
67 GF Score
Price kr870.00
GF Value kr692.85
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is WindowMaster International AS Operating Income?

WindowMaster International AS OCSE:WMA +3.57% 67 Operating Income is kr8.3 Mil as of Dec. 2025. GuruFocus rates OCSE:WMA with a GF Score™ of 67/100 and a GF Value™ of kr692.85 (Modestly Overvalued). The stock has 4 warning signs investors should review.

WindowMaster International AS's Operating Income for the six months ended in Dec. 2025 was kr15.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was kr8.3 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. WindowMaster International AS's Operating Income for the six months ended in Dec. 2025 was kr15.6 Mil. WindowMaster International AS's Revenue for the six months ended in Dec. 2025 was kr144.8 Mil. Therefore, WindowMaster International AS's Operating Margin % for the quarter that ended in Dec. 2025 was 10.78%.

WindowMaster International AS'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. WindowMaster International AS's annualized ROC % for the quarter that ended in Dec. 2025 was 18.81%. WindowMaster International AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 37.00%.

WindowMaster International AS  (OCSE:WMA) Operating Income Explanation

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

WindowMaster International AS's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=31.208 * ( 1 - 26.85% )/( (126.163 + 116.518)/ 2 )
=22.828652/121.3405
=18.81 %

where

Invested Capital(Q: Jun. 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))
=160.009 - 47.796 - ( 3.157 - max(0, 108.156 - 94.206+3.157))
=126.163

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))
=141.919 - 29.078 - ( 4.009 - max(0, 80.054 - 76.377+4.009))
=116.518

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

WindowMaster International AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=24.59/( ( (39.878 + max(24.32, 0)) + (41.628 + max(27.087, 0)) )/ 2 )
=24.59/( ( 64.198 + 68.715 )/ 2 )
=24.59/66.4565
=37.00 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.18 + 33.635 + 6.302) - (47.796 + 0 + 9.001)
=24.32

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31.78 + 29.207 + 5.786) - (29.078 + 0 + 10.608)
=27.087

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

WindowMaster International AS's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=15.604/144.759
=10.78 %

* 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.

WindowMaster International AS Operating Income Related Terms

WindowMaster International AS Operating Income Historical Data

* Premium members only.

The historical data trend for WindowMaster International AS'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.

WindowMaster International AS Operating Income Chart

WindowMaster International AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 0.28 3.33 -1.34 17.62 8.26

WindowMaster International AS Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 5.26 7.06 10.56 -7.34 15.60
OCSE:WMA
67GF Score
WindowMaster International AS OCSE:WMA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WindowMaster International AS 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr8.3 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 kr8.3 Mil mean?
WindowMaster International AS (OCSE:WMA) has a Operating Income of kr8.3 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on WindowMaster International AS and its competitors.
Is WindowMaster International AS's Operating Income too high?
WindowMaster International AS's current Operating Income is kr8.3 Mil. Overall, WindowMaster International AS has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WindowMaster International AS's Operating Income compare to TT and JCI?
WindowMaster International AS's Operating Income of kr8.3 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 WindowMaster International AS and its competitors. WindowMaster International AS's current Operating Income is kr8.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WindowMaster International AS stock overvalued right now?
Based on GuruFocus' analysis, WindowMaster International AS (OCSE:WMA) is currently considered Modestly Overvalued. The stock's GF Value™ is kr692.85, compared to a current price of kr870.00 — trading 25.6% above its estimated fair value. The current Operating Income is kr8.3 Mil. WindowMaster International AS's overall GF Score™ is 67/100 with 4 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 WindowMaster International AS (OCSE:WMA), the current Operating Income is kr8.3 Mil as of Dec. 2025. 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 WindowMaster International AS (OCSE:WMA) Overvalued in 2026?

Based on GuruFocus' analysis, WindowMaster International AS stock appears to be overvalued. The current stock price of kr870.00 is trading 25.6% above its estimated GF Value™ of kr692.85. GuruFocus considers WindowMaster International AS to be Modestly Overvalued.

Key valuation signals for OCSE:WMA:

  • Operating Income: kr8.3 Mil
  • GF Value™: kr692.85 vs. price of kr870.00 (25.6% above fair value)
  • GF Score™: 67/100 with 4 warning signs

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

WindowMaster International AS Business Description

Other Exchanges 9FF0:Germany
Address Skelstedet 13, Vedbaek, DNK, 2950
WindowMaster International AS is a Danish cleantech company that provides intelligent natural ventilation solutions and heat and smoke ventilation solutions for commercial use. The company delivers both hardware (window actuators, sensors, and control panels) as well as the software required for every element of the natural ventilation solution to interact intelligently and flexibly. Its products include Actuators and Accessories, Controllers; Sensors and Detectors Accessories; and Spare parts. The group serves five segments: Nordic, DACH, UK & Ireland, North America, and international. It derives maximum revenue from DACH.
67GF Score

Get the complete analysis for OCSE:WMA

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

kr870.00
Price
kr692.85
GF Value