ORSTF (Orsted AS) Operating Income: $2,193 Mil (TTM As of Mar. 2026)


ORSTF Orsted AS ORSTF
65 GF Score
Price $0.70
GF Value $0.71
! 6 Warning Signs
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What is Orsted AS Operating Income?

Orsted AS ORSTF 65 Operating Income is $2,193 Mil as of Mar. 2026. GuruFocus rates ORSTF with a GF Score™ of 65/100 and a GF Value™ of $0.71. The stock has 6 warning signs investors should review.

Orsted AS's Operating Income for the three months ended in Mar. 2026 was $1,074 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $2,193 Mil.

Warning Sign:

Orsted AS 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. Orsted AS's Operating Income for the three months ended in Mar. 2026 was $1,074 Mil. Orsted AS's Revenue for the three months ended in Mar. 2026 was $3,815 Mil. Therefore, Orsted AS's Operating Margin % for the quarter that ended in Mar. 2026 was 28.16%.

Good Sign:

Orsted AS operating margin is expanding. Margin expansion is usually a good sign.

Orsted AS's 5-Year average Growth Rate for Operating Margin % was 6.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Orsted AS's annualized ROC % for the quarter that ended in Mar. 2026 was 5.45%. Orsted AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.21%.


Orsted AS  (OTCPK:ORSTF) Operating Income Explanation

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

Orsted AS'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 )
=4296.784 * ( 1 - 48.48% )/( (41389.534 + 39801.401)/ 2 )
=2213.7031168/40595.4675
=5.45 %

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))
=57682.491 - 5261.664 - ( 13652.797 - max(0, 10527.405 - 21558.698+13652.797))
=41389.534

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))
=55733.222 - 5354.431 - ( 12178.399 - max(0, 9089.911 - 19667.301+12178.399))
=39801.401

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

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

Orsted AS'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 )
=3397.832/( ( (33059.388 + max(-2387.903, 0)) + (33477.333 + max(-2795.695, 0)) )/ 2 )
=3397.832/( ( 33059.388 + 33477.333 )/ 2 )
=3397.832/33268.3605
=10.21 %

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)
=(1543.961 + 1558.071 + 3072.557) - (5261.664 + 0 + 3300.828)
=-2387.903

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1211.854 + 2043.37 + 2560.128) - (5354.431 + 0 + 3256.616)
=-2795.695

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 %:

Orsted AS'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 )
=1074.196/3814.672
=28.16 %

* 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.


Orsted AS Operating Income Related Terms


Orsted AS Operating Income Historical Data

* Premium members only.

The historical data trend for Orsted 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.

Orsted AS Operating Income Chart

Orsted AS 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 1,279.59 2,263.31 548.08 2,992.94 2,065.88

Orsted AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 873.42 211.19 129.58 777.78 1,074.20
ORSTF
65GF Score
Orsted AS ORSTF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Orsted 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,193 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 $2,193 Mil mean?
Orsted AS (ORSTF) has a Operating Income of $2,193 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Orsted AS and its competitors.
Is Orsted AS's Operating Income too high?
Orsted AS's current Operating Income is $2,193 Mil. Overall, Orsted AS has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Orsted AS's Operating Income compare to competitors?
Orsted AS's Operating Income of $2,193 Mil can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Operating Income depends on the Utilities - Independent Power Producers 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 Orsted AS and its competitors. Orsted AS's current Operating Income is $2,193 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orsted AS stock overvalued right now?
Orsted AS (ORSTF) has a current Operating Income of $2,193 Mil. The stock's GF Value™ is $0.71, compared to a current price of $0.70 — trading 1.4% below its estimated fair value. The current Operating Income is $2,193 Mil. Orsted AS's overall GF Score™ is 65/100 with 6 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 Orsted AS (ORSTF), the current Operating Income is $2,193 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 Orsted AS (ORSTF) Overvalued in 2026?

Based on GuruFocus' analysis, Orsted AS stock appears to be undervalued. The current stock price of $0.70 is trading 1.4% below its estimated GF Value™ of $0.71.

Key valuation signals for ORSTF:

  • Operating Income: $2,193 Mil
  • GF Value™: $0.71 vs. price of $0.70 (1.4% below fair value)
  • GF Score™: 65/100 with 6 warning signs

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


Orsted AS Business Description

Address Kraftvaerksvej 53, Skaerbaek, Fredericia, DNK, DK-7000
Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 9.9 gigawatts of offshore wind farms at the end of 2024. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the US. Orsted also operates 4.8 GW of onshore wind and solar assets concentrated in the United States. The company is involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.
65GF Score

Get the complete analysis for ORSTF

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

$0.70
Price
$0.71
GF Value