Fourth Milling Co (SAU:2286) Operating Income: ﷼231.6 Mil (TTM As of Jun. 2026)

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SAU:2286 Fourth Milling Co SAU:2286
26 GF Score
Price ﷼4.10
! 2 Warning Signs
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What is Fourth Milling Co Operating Income?

Fourth Milling Co SAU:2286 +0.49% 26 Operating Income is ﷼231.6 Mil as of Jun. 2026. GuruFocus rates SAU:2286 with a GF Score™ of 26/100. The stock has 2 warning signs investors should review.

Fourth Milling Co's Operating Income for the three months ended in Jun. 2026 was ﷼54.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ﷼231.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fourth Milling Co's Operating Income for the three months ended in Jun. 2026 was ﷼54.7 Mil. Fourth Milling Co's Revenue for the three months ended in Jun. 2026 was ﷼167.8 Mil. Therefore, Fourth Milling Co's Operating Margin % for the quarter that ended in Jun. 2026 was 32.62%.

Fourth Milling Co'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. Fourth Milling Co's annualized ROC % for the quarter that ended in Jun. 2026 was 20.14%. Fourth Milling Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 26.80%.


Fourth Milling Co  (SAU:2286) Operating Income Explanation

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

Fourth Milling Co's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=218.968 * ( 1 - 6.95% )/( (999.539 + 1023.658)/ 2 )
=203.749724/1011.5985
=20.14 %

where

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))
=1295.876 - 109.298 - ( 251.108 - max(0, 160.082 - 347.121+251.108))
=999.539

Invested Capital(Q: Jun. 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))
=1274.838 - 34.837 - ( 216.343 - max(0, 84.935 - 307.976+216.343))
=1023.658

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

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

Fourth Milling Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=227.864/( ( (838.667 + max(-61.068, 0)) + (843.224 + max(18.464, 0)) )/ 2 )
=227.864/( ( 838.667 + 861.688 )/ 2 )
=227.864/850.1775
=26.80 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.127 + 55.612 + 10.625) - (109.298 + 0 + 37.134)
=-61.068

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.837 + 58.242 + 13.67) - (34.837 + 0 + 36.448)
=18.464

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Fourth Milling Co's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=54.742/167.84
=32.62 %

* 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.


Fourth Milling Co Operating Income Related Terms


Fourth Milling Co Operating Income Historical Data

* Premium members only.

The historical data trend for Fourth Milling Co'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.

Fourth Milling Co Operating Income Chart

Fourth Milling Co Annual Data
Trend Dec23 Dec24 Dec25
Operating Income
163.90 198.37 211.79

Fourth Milling Co Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 37.70 53.01 66.86 57.03 54.74
SAU:2286
26GF Score
Fourth Milling Co SAU:2286
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fourth Milling Co 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ﷼231.6 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 ﷼231.6 Mil mean?
Fourth Milling Co (SAU:2286) has a Operating Income of ﷼231.6 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fourth Milling Co and its competitors.
Is Fourth Milling Co's Operating Income too high?
Fourth Milling Co's current Operating Income is ﷼231.6 Mil. Overall, Fourth Milling Co has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Fourth Milling Co's Operating Income compare to ADM and BG?
Fourth Milling Co's Operating Income of ﷼231.6 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Fourth Milling Co and its competitors. Fourth Milling Co's current Operating Income is ﷼231.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fourth Milling Co stock overvalued right now?
Fourth Milling Co (SAU:2286) has a current Operating Income of ﷼231.6 Mil. The current Operating Income is ﷼231.6 Mil. Fourth Milling Co's overall GF Score™ is 26/100 with 2 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 Fourth Milling Co (SAU:2286), the current Operating Income is ﷼231.6 Mil as of Jun. 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.

Fourth Milling Co Business Description

Address King Saud Road, Battoyor Tower Floor No. 14, Building No. 6729, As Safa District, Dammam, SAU, 34222
Fourth Milling Co licensed activities include the packing and milling of wheat, maize, barley, rice, flour, meal, bulgur wheat, oats, dried leguminous vegetables, edible nuts, and corn, as well as the production of flour from rice and the manufacture of starch from corn and potatoes. It also manufactures bakery products such as bread, cakes, biscuits, pies, breakfast cereals, popcorn, frozen bakery items, and traditional desserts. In addition, the Company produces animal feed, including cattle, poultry, birds, and pet feed, along with non-medicinal feed additives. The Company is also engaged in freight transport by road, storage and warehousing of grain, silos, flour, and agricultural products, as well as the wholesale and retail of grains, feed, bakery products, and food and beverages.
26GF Score

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

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