RUBNF (ArborGen Holdings) Operating Income: $-3.49 Mil (TTM As of Mar. 2026)


What is ArborGen Holdings Operating Income?

ArborGen Holdings RUBNF -11.11% Operating Income is $-3.49 Mil as of Mar. 2026. The stock has 5 warning signs investors should review.

ArborGen Holdings's Operating Income for the six months ended in Mar. 2026 was $-2.37 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-3.49 Mil.

Warning Sign:

ArborGen Holdings Ltd has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. ArborGen Holdings's Operating Income for the six months ended in Mar. 2026 was $-2.37 Mil. ArborGen Holdings's Revenue for the six months ended in Mar. 2026 was $56.34 Mil. Therefore, ArborGen Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was -4.21%.

ArborGen Holdings'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. ArborGen Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was -2.80%. ArborGen Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.63%.

ArborGen Holdings  (OTCPK:RUBNF) Operating Income Explanation

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

ArborGen Holdings'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-4.742 * ( 1 - 0% )/( (172.018 + 166.177)/ 2 )
=-4.742/169.0975
=-2.80 %

where

Invested Capital(Q: Sep. 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))
=190.318 - 14.64 - ( 3.66 - max(0, 19.316 - 72.996+3.66))
=172.018

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))
=178.676 - 10.245 - ( 2.254 - max(0, 15.368 - 68.745+2.254))
=166.177

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

ArborGen Holdings'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.618/( ( (45.038 + max(54.188, 0)) + (44.771 + max(55.119, 0)) )/ 2 )
=1.618/( ( 99.226 + 99.89 )/ 2 )
=1.618/99.558
=1.63 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.608 + 49.613 + 13.115) - (14.64 + 0.508 + 0)
=54.188

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.27 + 43.03 + 12.191) - (10.245 + 1.127 + 0)
=55.119

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

ArborGen Holdings'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 )
=-2.371/56.34
=-4.21 %

* 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.

ArborGen Holdings Operating Income Related Terms

ArborGen Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for ArborGen Holdings'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.

ArborGen Holdings Operating Income Chart

ArborGen Holdings Annual Data
Trend Jun15 Jun16 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.89 1.28 -4.16 -33.02 -3.48

ArborGen Holdings Semi-Annual Data
Dec15 Jun16 Dec16 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 -2.13 -3.62 -29.69 -1.12 -2.37

ArborGen Holdings 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 semi-annually data reported by the company within the most recent 12 months, which was $-3.49 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 $-3.49 Mil mean?
ArborGen Holdings (RUBNF) has a Operating Income of $-3.49 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on ArborGen Holdings and its competitors.
Is ArborGen Holdings' Operating Income too high?
ArborGen Holdings' current Operating Income is $-3.49 Mil.
How does ArborGen Holdings' Operating Income compare to SSD and UFPI?
ArborGen Holdings' Operating Income of $-3.49 Mil can be compared against companies in the Forest 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 a Forest Products company?
A good Operating Income depends on the Forest 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 ArborGen Holdings and its competitors. ArborGen Holdings's current Operating Income is $-3.49 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ArborGen Holdings stock overvalued right now?
Based on GuruFocus' analysis, ArborGen Holdings (RUBNF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.08, compared to a current price of $0.04 — trading 50% below its estimated fair value. The current Operating Income is $-3.49 Mil. 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 ArborGen Holdings (RUBNF), the current Operating Income is $-3.49 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.

ArborGen Holdings Business Description

Other Exchanges ARB:New Zealand
Address Victoria Street West, PO Box 68 249, Auckland, NZL, 1142
ArborGen Holdings Ltd is a producer of tree seedling products and a provider of conventional and technology-enhanced seedlings to the forestry industry. Seedlings are sold to landowners and managers. The Company has one reportable segment, being forestry genetics. The Company's revenues are earned from the sale of seedlings or tree stocks and logistics services to customers. The firm focuses on loblolly pine, radiata pine, and eucalyptus.