National Building & Marketing Co (SAU:9510) Operating Income: ﷼65.8 Mil (TTM As of Dec. 2025)

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SAU:9510 National Building & Marketing Co SAU:9510
58 GF Score
Price ﷼45.02
GF Value ﷼284.55
Valuation Possible Value Trap
! 10 Warning Signs
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What is National Building & Marketing Co Operating Income?

National Building & Marketing Co SAU:9510 +0.04% 58 Operating Income is ﷼65.8 Mil as of Dec. 2025. GuruFocus rates SAU:9510 with a GF Score™ of 58/100 and a GF Value™ of ﷼284.55 (Possible Value Trap). The stock has 10 warning signs investors should review.

National Building & Marketing Co's Operating Income for the six months ended in Dec. 2025 was ﷼30.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was ﷼65.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. National Building & Marketing Co's Operating Income for the six months ended in Dec. 2025 was ﷼30.3 Mil. National Building & Marketing Co's Revenue for the six months ended in Dec. 2025 was ﷼444.1 Mil. Therefore, National Building & Marketing Co's Operating Margin % for the quarter that ended in Dec. 2025 was 6.83%.

Warning Sign:

National Building & Marketing Co operating margin has been in a 5-year decline. The average rate of decline per year is -2.9%.

National Building & Marketing Co's 5-Year average Growth Rate for Operating Margin % was -2.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. National Building & Marketing Co's annualized ROC % for the quarter that ended in Dec. 2025 was 5.52%. National Building & Marketing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.87%.


National Building & Marketing Co  (SAU:9510) Operating Income Explanation

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

National Building & Marketing Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=60.694 * ( 1 - 0% )/( (1029.624 + 1167.939)/ 2 )
=60.694/1098.7815
=5.52 %

where

Invested Capital(Q: Jun. 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))
=1231.968 - 191.055 - ( 11.289 - max(0, 624.507 - 677.029+11.289))
=1029.624

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))
=1253.453 - 177.573 - ( 19.903 - max(0, 799.358 - 707.299+19.903))
=1167.939

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

National Building & Marketing Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=66.73/( ( (425.907 + max(208.589, 0)) + (425.736 + max(167.356, 0)) )/ 2 )
=66.73/( ( 634.496 + 593.092 )/ 2 )
=66.73/613.794
=10.87 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(172.038 + 247.48 + 0) - (191.055 + 0 + 19.874)
=208.589

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(62.015 + 251.374 + 75.212) - (177.573 + 0 + 43.672)
=167.356

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

National Building & Marketing Co's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=30.347/444.133
=6.83 %

* 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.


National Building & Marketing Co Operating Income Related Terms


National Building & Marketing Co Operating Income Historical Data

* Premium members only.

The historical data trend for National Building & Marketing 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.

National Building & Marketing Co Operating Income Chart

National Building & Marketing Co 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 80.00 48.43 60.57 95.51 65.81

National Building & Marketing Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 28.08 40.89 54.62 35.47 30.35
SAU:9510
58GF Score
National Building & Marketing Co SAU:9510
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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National Building & Marketing 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was ﷼65.8 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 ﷼65.8 Mil mean?
National Building & Marketing Co (SAU:9510) has a Operating Income of ﷼65.8 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on National Building & Marketing Co and its competitors.
Is National Building & Marketing Co's Operating Income too high?
National Building & Marketing Co's current Operating Income is ﷼65.8 Mil. Overall, National Building & Marketing Co has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does National Building & Marketing Co's Operating Income compare to NUE and STLD?
National Building & Marketing Co's Operating Income of ﷼65.8 Mil can be compared against companies in the Steel 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 Steel company?
A good Operating Income depends on the Steel 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 National Building & Marketing Co and its competitors. National Building & Marketing Co's current Operating Income is ﷼65.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Building & Marketing Co stock overvalued right now?
Based on GuruFocus' analysis, National Building & Marketing Co (SAU:9510) is currently considered Possible Value Trap. The stock's GF Value™ is ﷼284.55, compared to a current price of ﷼45.02 — trading 84.2% below its estimated fair value. The current Operating Income is ﷼65.8 Mil. National Building & Marketing Co's overall GF Score™ is 58/100 with 10 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 National Building & Marketing Co (SAU:9510), the current Operating Income is ﷼65.8 Mil as of Dec. 2025. 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 National Building & Marketing Co (SAU:9510) Overvalued in 2026?

Based on GuruFocus' analysis, National Building & Marketing Co stock appears to be undervalued. The current stock price of ﷼45.02 is trading 84.2% below its estimated GF Value™ of ﷼284.55. GuruFocus considers National Building & Marketing Co to be Possible Value Trap.

Key valuation signals for SAU:9510:

  • Operating Income: ﷼65.8 Mil
  • GF Value™: ﷼284.55 vs. price of ﷼45.02 (84.2% below fair value)
  • GF Score™: 58/100 with 10 warning signs

No single metric tells the full story. See the SAU:9510 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Building & Marketing Co Business Description

Address Olaya Street, P.O.Box 401, Riyadh, SAU, 11312
National Building & Marketing Co is a Saudi-based company. It is involved in trading construction materials, general construction, real estate trading, real estate development, manufacturing of primary iron and steel products as well as manufacture of pipes, tubes and hollow shapes of iron and steel, extending communication cables, network extensions, installing and extending computer and communication networks, providing wholesale infrastructure services, analyzing systems, designing and programming special software, and providing communications and information network management services. The company's operating segments include Manufacturing of steel products, which generates maximum revenue, Contracting and development projects, Commercial, Information Technology, and Others.
58GF Score

Get the complete analysis for SAU:9510

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

﷼45.02
Price
﷼284.55
GF Value