Klaveness Combination Carriers ASA (OSL:KCC) Operating Income: kr557 Mil (TTM As of Mar. 2026)

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OSL:KCC Klaveness Combination Carriers ASA OSL:KCC
75 GF Score
Price kr94.10
GF Value kr74.80
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Klaveness Combination Carriers ASA Operating Income?

Klaveness Combination Carriers ASA OSL:KCC -1.88% 75 Operating Income is kr557 Mil as of Mar. 2026. GuruFocus rates OSL:KCC with a GF Score™ of 75/100 and a GF Value™ of kr74.80 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Klaveness Combination Carriers ASA's Operating Income for the three months ended in Mar. 2026 was kr184 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr557 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Klaveness Combination Carriers ASA's Operating Income for the three months ended in Mar. 2026 was kr184 Mil. Klaveness Combination Carriers ASA's Revenue for the three months ended in Mar. 2026 was kr701 Mil. Therefore, Klaveness Combination Carriers ASA's Operating Margin % for the quarter that ended in Mar. 2026 was 26.29%.

Good Sign:

Klaveness Combination Carriers ASA operating margin is expanding. Margin expansion is usually a good sign.

Klaveness Combination Carriers ASA's 5-Year average Growth Rate for Operating Margin % was 8.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Klaveness Combination Carriers ASA's annualized ROC % for the quarter that ended in Mar. 2026 was 11.62%. Klaveness Combination Carriers ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.44%.


Klaveness Combination Carriers ASA  (OSL:KCC) Operating Income Explanation

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

Klaveness Combination Carriers ASA'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 )
=736.604 * ( 1 - 0% )/( (6261.306 + 6418.342)/ 2 )
=736.604/6339.824
=11.62 %

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))
=6724.495 - 47.401 - ( 500.898 - max(0, 532.189 - 947.977+500.898))
=6261.306

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))
=7240.598 - 253.026 - ( 569.23 - max(0, 596.428 - 1424.779+569.23))
=6418.342

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

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

Klaveness Combination Carriers ASA'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 )
=724.048/( ( (4919.433 + max(26.298, 0)) + (5232.295 + max(598.37, 0)) )/ 2 )
=724.048/( ( 4945.731 + 5830.665 )/ 2 )
=724.048/5388.198
=13.44 %

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)
=(137.514 + 113.258 + 77.874) - (47.401 + 0 + 254.947)
=26.298

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(697.023 + 122.21 + 32.163) - (253.026 + 0 + 0)
=598.37

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 %:

Klaveness Combination Carriers ASA'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 )
=184.151/700.529
=26.29 %

* 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.


Klaveness Combination Carriers ASA Operating Income Related Terms


Klaveness Combination Carriers ASA Operating Income Historical Data

* Premium members only.

The historical data trend for Klaveness Combination Carriers ASA'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.

Klaveness Combination Carriers ASA Operating Income Chart

Klaveness Combination Carriers ASA 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 274.90 747.06 1,087.69 1,068.81 443.49

Klaveness Combination Carriers ASA 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 71.17 94.60 152.85 125.66 184.15
OSL:KCC
75GF Score
Klaveness Combination Carriers ASA OSL:KCC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Klaveness Combination Carriers 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was kr557 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 kr557 Mil mean?
Klaveness Combination Carriers ASA (OSL:KCC) has a Operating Income of kr557 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Klaveness Combination Carriers ASA and its competitors.
Is Klaveness Combination Carriers ASA's Operating Income too high?
Klaveness Combination Carriers ASA's current Operating Income is kr557 Mil. Overall, Klaveness Combination Carriers ASA has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Klaveness Combination Carriers ASA's Operating Income compare to competitors?
Klaveness Combination Carriers ASA's Operating Income of kr557 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Operating Income depends on the Transportation 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 Klaveness Combination Carriers ASA and its competitors. Klaveness Combination Carriers ASA's current Operating Income is kr557 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Klaveness Combination Carriers ASA stock overvalued right now?
Based on GuruFocus' analysis, Klaveness Combination Carriers ASA (OSL:KCC) is currently considered Modestly Overvalued. The stock's GF Value™ is kr74.80, compared to a current price of kr94.10 — trading 25.8% above its estimated fair value. The current Operating Income is kr557 Mil. Klaveness Combination Carriers ASA's overall GF Score™ is 75/100 with 7 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 Klaveness Combination Carriers ASA (OSL:KCC), the current Operating Income is kr557 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 Klaveness Combination Carriers ASA (OSL:KCC) Overvalued in 2026?

Based on GuruFocus' analysis, Klaveness Combination Carriers ASA stock appears to be overvalued. The current stock price of kr94.10 is trading 25.8% above its estimated GF Value™ of kr74.80. GuruFocus considers Klaveness Combination Carriers ASA to be Modestly Overvalued.

Key valuation signals for OSL:KCC:

  • Operating Income: kr557 Mil
  • GF Value™: kr74.80 vs. price of kr94.10 (25.8% above fair value)
  • GF Score™: 75/100 with 7 warning signs

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


Klaveness Combination Carriers ASA Business Description

Other Exchanges KCCo:Sweden36K:Germany
Address Drammensveien 260, Oslo, NOR, 0283
Klaveness Combination Carriers ASA is an owner and operator of combination carrier vessels designed to transport both wet and dry bulk cargo in Norway. The company provides maritime transportation services and operates vessels across trade routes where dry and liquid cargoes can be carried efficiently within the same shipping cycle. Its fleet includes CABU and CLEANBU vessels used in bulk shipping operations. The reportable segments are CABU and CLEANBU, with the majority of the revenue derived from the CABU vessels.
75GF Score

Get the complete analysis for OSL:KCC

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

kr94.10
Price
kr74.80
GF Value