International Container Terminal Services (PHS:ICT) Operating Income: ₱116,264 Mil (TTM As of Mar. 2026)


PHS:ICT International Container Terminal Services Inc PHS:ICT
82 GF Score
Price ₱985.00
GF Value ₱514.86
Valuation Significantly Overvalued
! 6 Warning Signs
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What is International Container Terminal Services Operating Income?

International Container Terminal Services PHS:ICT +1.39% 82 Operating Income is ₱116,264 Mil as of Mar. 2026. GuruFocus rates PHS:ICT with a GF Score™ of 82/100 and a GF Value™ of ₱514.86 (Significantly Overvalued). The stock has 6 warning signs investors should review.

International Container Terminal Services's Operating Income for the three months ended in Mar. 2026 was ₱31,377 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₱116,264 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. International Container Terminal Services's Operating Income for the three months ended in Mar. 2026 was ₱31,377 Mil. International Container Terminal Services's Revenue for the three months ended in Mar. 2026 was ₱60,558 Mil. Therefore, International Container Terminal Services's Operating Margin % for the quarter that ended in Mar. 2026 was 51.81%.

Good Sign:

International Container Terminal Services Inc operating margin is expanding. Margin expansion is usually a good sign.

International Container Terminal Services's 5-Year average Growth Rate for Operating Margin % was 4.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Container Terminal Services's annualized ROC % for the quarter that ended in Mar. 2026 was 18.28%. International Container Terminal Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 57.23%.


International Container Terminal Services  (PHS:ICT) Operating Income Explanation

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

International Container Terminal Services'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 )
=125509.492 * ( 1 - 25.03% )/( (498868.526 + 530629.575)/ 2 )
=94094.4661524/514749.0505
=18.28 %

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))
=557760.773 - 31037.755 - ( 67543.313 - max(0, 66310.255 - 94164.747+67543.313))
=498868.526

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))
=591213.028 - 55461.782 - ( 50479.104 - max(0, 78024.824 - 83146.495+50479.104))
=530629.575

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

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

International Container Terminal Services'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 )
=127187.98/( ( (210834.652 + max(-22471.486, 0)) + (233649.812 + max(-22972.464, 0)) )/ 2 )
=127187.98/( ( 210834.652 + 233649.812 )/ 2 )
=127187.98/222242.232
=57.23 %

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)
=(11544.115 + 4228.109 + 8466.356) - (31037.755 + 0 + 15672.311)
=-22471.486

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18521.855 + 5098.813 + 9046.723) - (55461.782 + 0 + 178.07299999999)
=-22972.464

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 %:

International Container Terminal Services'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 )
=31377.373/60558.444
=51.81 %

* 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.


International Container Terminal Services Operating Income Related Terms


International Container Terminal Services Operating Income Historical Data

* Premium members only.

The historical data trend for International Container Terminal Services'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.

International Container Terminal Services Operating Income Chart

International Container Terminal Services 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 53,892.55 68,314.29 73,626.45 89,958.21 110,213.91

International Container Terminal Services 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 25,327.54 25,804.43 28,826.34 30,255.53 31,377.37
PHS:ICT
82GF Score
International Container Terminal Services Inc PHS:ICT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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International Container Terminal Services 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 ₱116,264 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 ₱116,264 Mil mean?
International Container Terminal Services (PHS:ICT) has a Operating Income of ₱116,264 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on International Container Terminal Services and its competitors.
Is International Container Terminal Services' Operating Income too high?
International Container Terminal Services' current Operating Income is ₱116,264 Mil. Overall, International Container Terminal Services has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does International Container Terminal Services' Operating Income compare to competitors?
International Container Terminal Services' Operating Income of ₱116,264 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 International Container Terminal Services and its competitors. International Container Terminal Services's current Operating Income is ₱116,264 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Container Terminal Services stock overvalued right now?
Based on GuruFocus' analysis, International Container Terminal Services (PHS:ICT) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱514.86, compared to a current price of ₱985.00 — trading 91.3% above its estimated fair value. The current Operating Income is ₱116,264 Mil. International Container Terminal Services' overall GF Score™ is 82/100 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 International Container Terminal Services (PHS:ICT), the current Operating Income is ₱116,264 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 International Container Terminal Services (PHS:ICT) Overvalued in 2026?

Based on GuruFocus' analysis, International Container Terminal Services stock appears to be overvalued. The current stock price of ₱985.00 is trading 91.3% above its estimated GF Value™ of ₱514.86. GuruFocus considers International Container Terminal Services to be Significantly Overvalued.

Key valuation signals for PHS:ICT:

  • Operating Income: ₱116,264 Mil
  • GF Value™: ₱514.86 vs. price of ₱985.00 (91.3% above fair value)
  • GF Score™: 82/100 with 6 warning signs

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


International Container Terminal Services Business Description

Other Exchanges ICTEY:USAICTEF:USA
Address MICT South Access Road, Port of Manila, Manila International Container Terminal, 3rd Floor, ICTSI Administration Building, Manila, PHL, 1012
International Container Terminal Services Inc is engaged in the development, management, and operation of container terminals and serves as a developer, manager, and operator of common user origin and destination container terminals for the international container shipping industry. The Company operates on multiple continents and continues to pursue container terminal opportunities internationally. It also handles general cargo and provides ancillary services such as storage, container packing and unpacking, inspection, weighing, and services for refrigerated containers (reefers). The Group operates principally in one industry segment, cargo handling and related services, and geographically operates in Asia, EMEA, and the Americas, with Asia contributing the maximum revenue.
82GF Score

Get the complete analysis for PHS:ICT

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

₱985.00
Price
₱514.86
GF Value