Stainless Tankers ASA (OSL:STST) Operating Income: kr24.8 Mil (TTM As of Mar. 2026)


OSL:STST Stainless Tankers ASA OSL:STST
14 GF Score
Price kr41.60
! 11 Warning Signs
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What is Stainless Tankers ASA Operating Income?

Stainless Tankers ASA OSL:STST +0.97% 14 Operating Income is kr24.8 Mil as of Mar. 2026. GuruFocus rates OSL:STST with a GF Score™ of 14/100. The stock has 11 warning signs investors should review.

Stainless Tankers ASA's Operating Income for the three months ended in Mar. 2026 was kr10.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr24.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Stainless Tankers ASA's Operating Income for the three months ended in Mar. 2026 was kr10.1 Mil. Stainless Tankers ASA's Revenue for the three months ended in Mar. 2026 was kr81.3 Mil. Therefore, Stainless Tankers ASA's Operating Margin % for the quarter that ended in Mar. 2026 was 12.45%.

Stainless Tankers ASA'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. Stainless Tankers ASA's annualized ROC % for the quarter that ended in Mar. 2026 was 4.07%. Stainless Tankers ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.60%.

Stainless Tankers ASA  (OSL:STST) Operating Income Explanation

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

Stainless Tankers 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 )
=40.488 * ( 1 - 0% )/( (978.753 + 1011.787)/ 2 )
=40.488/995.27
=4.07 %

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))
=997.824 - 33.403 - ( 53.597 - max(0, 120.05 - 105.718+53.597))
=978.753

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))
=914.853 - 23.016 - ( 19.733 - max(0, 195.432 - 75.482+19.733))
=1011.787

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

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

Stainless Tankers 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 )
=31.176/( ( (892.106 + max(-34.071, 0)) + (839.371 + max(-26.359, 0)) )/ 2 )
=31.176/( ( 892.106 + 839.371 )/ 2 )
=31.176/865.7385
=3.60 %

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)
=(6.276 + 0 + 17.283) - (33.403 + 0 + 24.227)
=-34.071

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.172 + 0 + 16.902) - (23.016 + 0 + 26.417)
=-26.359

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 %:

Stainless Tankers 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 )
=10.122/81.325
=12.45 %

* 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.

Stainless Tankers ASA Operating Income Related Terms

Stainless Tankers ASA Operating Income Historical Data

* Premium members only.

The historical data trend for Stainless Tankers 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.

Stainless Tankers ASA Operating Income Chart

Stainless Tankers ASA Annual Data
Trend Dec23 Dec24 Dec25
Operating Income
111.30 274.91 35.50

Stainless Tankers ASA Quarterly Data
Feb23 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 29.77 13.59 5.45 -4.41 10.12
OSL:STST
14GF Score
Stainless Tankers ASA OSL:STST
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Stainless Tankers 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 kr24.8 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 kr24.8 Mil mean?
Stainless Tankers ASA (OSL:STST) has a Operating Income of kr24.8 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Stainless Tankers ASA and its competitors.
Is Stainless Tankers ASA's Operating Income too high?
Stainless Tankers ASA's current Operating Income is kr24.8 Mil. Overall, Stainless Tankers ASA has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Stainless Tankers ASA's Operating Income compare to competitors?
Stainless Tankers ASA's Operating Income of kr24.8 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 Stainless Tankers ASA and its competitors. Stainless Tankers ASA's current Operating Income is kr24.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stainless Tankers ASA stock overvalued right now?
Stainless Tankers ASA (OSL:STST) has a current Operating Income of kr24.8 Mil. The current Operating Income is kr24.8 Mil. Stainless Tankers ASA's overall GF Score™ is 14/100 with 11 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 Stainless Tankers ASA (OSL:STST), the current Operating Income is kr24.8 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.

Stainless Tankers ASA Business Description

Other Exchanges ZC0:Germany
Address Henrik Ibsens Gate 90, Oslo, NOR, 0255
Stainless Tankers ASA is a shipping company specializing in providing seaborne transportation of chemical cargoes world-wide. The company provides investors with pure play stainless steel chemical tanker exposure in an investor-friendly structure through its fleet of seven stainless steel vessels.
14GF Score

Get the complete analysis for OSL:STST

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

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