Capsol Technologies ASA (OSL:CAPSL) Operating Income: kr-37.75 Mil (TTM As of Dec. 2025)

What is Capsol Technologies ASA Operating Income?

Capsol Technologies ASA OSL:CAPSL -1.05% 50 Operating Income is kr-37.75 Mil as of Dec. 2025. GuruFocus rates OSL:CAPSL with a GF Score™ of 50/100 and a GF Value™ of kr19.34 (Possible Value Trap). The stock has 4 warning signs investors should review.

Capsol Technologies ASA's Operating Income for the three months ended in Dec. 2025 was kr0.00 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was kr-37.75 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Capsol Technologies ASA's Operating Income for the three months ended in Dec. 2025 was kr0.00 Mil. Capsol Technologies ASA's Revenue for the three months ended in Dec. 2025 was kr0.00 Mil. Therefore, Capsol Technologies ASA's Operating Margin % for the quarter that ended in Dec. 2025 was %.

Good Sign:

Capsol Technologies ASA operating margin is expanding. Margin expansion is usually a good sign.

Capsol Technologies ASA's 5-Year average Growth Rate for Operating Margin % was 70.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Capsol Technologies ASA's annualized ROC % for the quarter that ended in Dec. 2025 was 0.00%. Capsol Technologies ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.00%.

Capsol Technologies ASA (OSL:CAPSL) Operating Income Explanation

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

Capsol Technologies ASA'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 )
=	0 * ( 1 - 0% )	/	( (121.527	+	118.592)	/ 2 )
=	0	/	120.0595
=	0.00 %

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	))
=	148.78	-	12.854	-	( 36.682	-	max(0, 43.302	-	57.701	+	36.682	))
=	121.527

	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	))
=	150.701	-	10.38	-	( 50.205	-	max(0, 47.802	-	69.531	+	50.205	))
=	118.592

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Capsol Technologies ASA'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 )
=	0	/	( ( (78.521 + max(-10.78, 0))	+	(68.572 + max(-7.03, 0)) )	/	2 )
=	0	/	( ( 78.521	+	68.572 )	/	2 )
=	0	/	73.5465
=	0.00 %

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)
=	(13.184	+	0	+	0)	-	(12.854	+	0	+	11.11)
=	-10.78

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.519	+	0	+	3.53)	-	(10.38	+	0	+	10.699)
=	-7.03

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Capsol Technologies ASA'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 )
	=	0	/	0
	=	%

* 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.

Capsol Technologies ASA Operating Income Related Terms

Capsol Technologies ASA Operating Income Historical Data

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The historical data trend for Capsol Technologies ASA's Operating Income can be seen below:

Capsol Technologies ASA Operating Income Chart

Capsol Technologies ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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-25.22

-34.48

-41.48

-30.05

-76.10

Capsol Technologies ASA Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Dec25
Operating Income	Get a 7-Day Free Trial															-7.48	4.55	-13.65	-21.17	0.00

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Capsol Technologies ASA OSL:CAPSL

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

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Capsol Technologies ASA 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 quarterly data reported by the company within the most recent 12 months, which was kr-37.75 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of kr-37.75 Mil mean?

Capsol Technologies ASA (OSL:CAPSL) has a Operating Income of kr-37.75 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Capsol Technologies ASA and its competitors.

Is Capsol Technologies ASA's Operating Income too high?

Capsol Technologies ASA's current Operating Income is kr-37.75 Mil. Overall, Capsol Technologies ASA has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Capsol Technologies ASA's Operating Income compare to VLTO and ZWS?

Capsol Technologies ASA's Operating Income of kr-37.75 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?

A good Operating Income depends on the Industrial Products 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 Capsol Technologies ASA and its competitors. Capsol Technologies ASA's current Operating Income is kr-37.75 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Capsol Technologies ASA stock overvalued right now?

Based on GuruFocus' analysis, Capsol Technologies ASA (OSL:CAPSL) is currently considered Possible Value Trap. The stock's GF Value™ is kr19.34, compared to a current price of kr4.69 — trading 75.7% below its estimated fair value. The current Operating Income is kr-37.75 Mil. Capsol Technologies ASA's overall GF Score™ is 50/100 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 Capsol Technologies ASA (OSL:CAPSL), the current Operating Income is kr-37.75 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 Capsol Technologies ASA (OSL:CAPSL) Overvalued in 2026?

Based on GuruFocus' analysis, Capsol Technologies ASA stock appears to be undervalued. The current stock price of kr4.69 is trading 75.7% below its estimated GF Value™ of kr19.34. GuruFocus considers Capsol Technologies ASA to be Possible Value Trap.

Key valuation signals for OSL:CAPSL:

Operating Income: kr-37.75 Mil
GF Value™: kr19.34 vs. price of kr4.69 (75.7% below fair value)
GF Score™: 50/100 with 4 warning signs

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

Capsol Technologies ASA Business Description

Industry Industrials Industrial Products

Comparable Companies OSL:MVW OSL:OCEAN OSL:NOSN OSL:VOW OSL:PYRUM VLTO SZSE:300390 ZWS TSE:6370 CECO TSE:6368 OSTO:MTRS SHSE:600388 TPE:6944 HKSE:00586 SHSE:688376 ASX:SRL TSE:6013 PCT SZSE:300137

Other Exchanges W9K:Germany

Address Drammensveien 126, 7th Floor, Thune Eureka Building, Oslo, NOR, 0277

Website https://www.capsoltechnologies.com

Capsol Technologies ASA is a carbon capture technology provider to accelerate the transition to a carbon-negative future. Its technology combines inherent heat recovery and generation in a standalone unit based on a safe solvent. Capsol's technology is licensed either directly to customers or through industrial partners globally across key segments, including cement, biomass, energy-from-waste, and gas turbines. It has only one reporting and operating segment, which is the carbon capture solution technology. Geographically, the company generates a majority of its revenue from Europe and also has a presence in the United States and other regions.

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

kr4.69

Price

kr19.34

GF Value

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