Sea1 Offshore (OSL:SEA1) Operating Income: kr952 Mil (TTM As of Mar. 2026)

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OSL:SEA1 Sea1 Offshore Inc OSL:SEA1
75 GF Score
Price kr26.85
GF Value kr28.75
Valuation Fairly Valued
! 4 Warning Signs
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What is Sea1 Offshore Operating Income?

Sea1 Offshore OSL:SEA1 +0.37% 75 Operating Income is kr952 Mil as of Mar. 2026. GuruFocus rates OSL:SEA1 with a GF Score™ of 75/100 and a GF Value™ of kr28.75 (Fairly Valued). The stock has 4 warning signs investors should review.

Sea1 Offshore's Operating Income for the three months ended in Mar. 2026 was kr236 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr952 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sea1 Offshore's Operating Income for the three months ended in Mar. 2026 was kr236 Mil. Sea1 Offshore's Revenue for the three months ended in Mar. 2026 was kr695 Mil. Therefore, Sea1 Offshore's Operating Margin % for the quarter that ended in Mar. 2026 was 33.87%.

Good Sign:

Sea1 Offshore Inc operating margin is expanding. Margin expansion is usually a good sign.

Sea1 Offshore's 5-Year average Growth Rate for Operating Margin % was 55.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sea1 Offshore's annualized ROC % for the quarter that ended in Mar. 2026 was 12.94%. Sea1 Offshore's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.34%.


Sea1 Offshore  (OSL:SEA1) Operating Income Explanation

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

Sea1 Offshore'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 )
=942.024 * ( 1 - 1.54% )/( (7396.906 + 6943.673)/ 2 )
=927.5168304/7170.2895
=12.94 %

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))
=8111.889 - 173.162 - ( 828.402 - max(0, 1075.586 - 1617.407+828.402))
=7396.906

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))
=7847.081 - 1005.364 - ( 659.219 - max(0, 1597.89 - 1495.934+659.219))
=6943.673

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

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

Sea1 Offshore'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 )
=1255.54/( ( (6150.999 + max(172.353, 0)) + (6019.925 + max(-168.649, 0)) )/ 2 )
=1255.54/( ( 6323.352 + 6019.925 )/ 2 )
=1255.54/6171.6385
=20.34 %

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)
=(476.52 + 47.583 + 98.805) - (173.162 + 0 + 277.393)
=172.353

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(836.715 + 0 + -2.2737367544323E-13) - (1005.364 + 0 + 2.2737367544323E-13)
=-168.649

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 %:

Sea1 Offshore'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 )
=235.506/695.352
=33.87 %

* 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.


Sea1 Offshore Operating Income Related Terms


Sea1 Offshore Operating Income Historical Data

* Premium members only.

The historical data trend for Sea1 Offshore'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.

Sea1 Offshore Operating Income Chart

Sea1 Offshore 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 332.71 389.98 1,017.63 1,210.68 992.85

Sea1 Offshore 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 286.32 273.70 217.03 226.06 235.51
OSL:SEA1
75GF Score
Sea1 Offshore Inc OSL:SEA1
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Sea1 Offshore 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 kr952 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 kr952 Mil mean?
Sea1 Offshore (OSL:SEA1) has a Operating Income of kr952 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sea1 Offshore and its competitors.
Is Sea1 Offshore's Operating Income too high?
Sea1 Offshore's current Operating Income is kr952 Mil. Overall, Sea1 Offshore has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sea1 Offshore's Operating Income compare to SLB and BKR?
Sea1 Offshore's Operating Income of kr952 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Operating Income depends on the Oil & Gas 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 Sea1 Offshore and its competitors. Sea1 Offshore's current Operating Income is kr952 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sea1 Offshore stock overvalued right now?
Based on GuruFocus' analysis, Sea1 Offshore (OSL:SEA1) is currently considered Fairly Valued. The stock's GF Value™ is kr28.75, compared to a current price of kr26.85 — trading 6.6% below its estimated fair value. The current Operating Income is kr952 Mil. Sea1 Offshore's overall GF Score™ is 75/100 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 Sea1 Offshore (OSL:SEA1), the current Operating Income is kr952 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 Sea1 Offshore (OSL:SEA1) Overvalued in 2026?

Based on GuruFocus' analysis, Sea1 Offshore stock appears to be undervalued. The current stock price of kr26.85 is trading 6.6% below its estimated GF Value™ of kr28.75. GuruFocus considers Sea1 Offshore to be Fairly Valued.

Key valuation signals for OSL:SEA1:

  • Operating Income: kr952 Mil
  • GF Value™: kr28.75 vs. price of kr26.85 (6.6% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the OSL:SEA1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sea1 Offshore Business Description

Industry EnergyOil & Gas
Other Exchanges SIOFFO:SwedenS5H0:Germany
Address Kjoita 18, Kristiansand, NOR, 4630
Sea1 Offshore Inc is a vessel provider to the offshore oil and gas and renewable industry. It provides a wide range of services with its vessels, equipment and an experienced crew. The fleet consists of various vessels and includes platform supply vessels, anchor handling tug and supply as well as offshore subsea construction and well intervention vessels. The reportable segments are Subsea Vessels, Anchor-Handling Tug Supply (AHTS) Vessels, Platform Supply Vessels (PSVs), Fast Crew & Oil Spill Recovery Vessels, and Other. The company generates the majority of its revenue from the Subsea Vessels segment.
75GF Score

Get the complete analysis for OSL:SEA1

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

kr26.85
Price
kr28.75
GF Value