SRTMF (SRT Marine Systems) Operating Income: $8.8 Mil (TTM As of Dec. 2025)

What is SRT Marine Systems Operating Income?

SRT Marine Systems SRTMF +1.67% 55 Operating Income is $8.8 Mil as of Dec. 2025. GuruFocus rates SRTMF with a GF Score™ of 55/100 and a GF Value™ of $2.18. The stock has 5 warning signs investors should review.

SRT Marine Systems's Operating Income for the six months ended in Dec. 2025 was $5.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $8.8 Mil.

Warning Sign:

SRT Marine Systems PLC has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. SRT Marine Systems's Operating Income for the six months ended in Dec. 2025 was $5.0 Mil. SRT Marine Systems's Revenue for the six months ended in Dec. 2025 was $68.4 Mil. Therefore, SRT Marine Systems's Operating Margin % for the quarter that ended in Dec. 2025 was 7.30%.

SRT Marine Systems'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. SRT Marine Systems's annualized ROC % for the quarter that ended in Dec. 2025 was 12.77%. SRT Marine Systems's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 52.06%.

SRT Marine Systems (OTCPK:SRTMF) Operating Income Explanation

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

SRT Marine Systems'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 )
=	9.99 * ( 1 - 6.17% )	/	( (103.503	+	43.343)	/ 2 )
=	9.373617	/	73.423
=	12.77 %

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	))
=	118.596	-	9.297	-	( 5.796	-	max(0, 73.68	-	94.068	+	5.796	))
=	103.503

	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	))
=	143.359	-	80.918	-	( 19.098	-	max(0, 84.212	-	114.13	+	19.098	))
=	43.343

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:

SRT Marine Systems'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 )
=	10.458	/	( ( (1.786 + max(22.475, 0))	+	(1.799 + max(14.113, 0)) )	/	2 )
=	10.458	/	( ( 24.261	+	15.912 )	/	2 )
=	10.458	/	20.0865
=	52.06 %

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)
=	(64.426	+	5.529	+	11.341)	-	(9.297	+	0	+	49.524)
=	22.475

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(50.114	+	4.448	+	40.47)	-	(80.918	+	0	+	0.00099999999999056)
=	14.113

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 %:

SRT Marine Systems'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 )
	=	4.995	/	68.443
	=	7.30 %

* 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.

SRT Marine Systems Operating Income Related Terms

SRT Marine Systems Operating Income Historical Data

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The historical data trend for SRT Marine Systems's Operating Income can be seen below:

SRT Marine Systems Operating Income Chart

SRT Marine Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Jun25

Operating Income

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-4.14

-6.76

-7.97

0.38

8.70

SRT Marine Systems Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Dec24	Jun25	Dec25
Operating Income	Get a 7-Day Free Trial															-2.60	-5.21	4.56	3.80	5.00

55GF Score

SRT Marine Systems PLC SRTMF

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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SRT Marine Systems 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 $8.8 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $8.8 Mil mean?

SRT Marine Systems (SRTMF) has a Operating Income of $8.8 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on SRT Marine Systems and its competitors.

Is SRT Marine Systems' Operating Income too high?

SRT Marine Systems' current Operating Income is $8.8 Mil. Overall, SRT Marine Systems has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.

How does SRT Marine Systems' Operating Income compare to COHR and KEYS?

SRT Marine Systems' Operating Income of $8.8 Mil can be compared against companies in the Hardware 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 Hardware company?

A good Operating Income depends on the Hardware 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 SRT Marine Systems and its competitors. SRT Marine Systems's current Operating Income is $8.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is SRT Marine Systems stock overvalued right now?

SRT Marine Systems (SRTMF) has a current Operating Income of $8.8 Mil. The stock's GF Value™ is $2.18, compared to a current price of $1.22 — trading 44% below its estimated fair value. The current Operating Income is $8.8 Mil. SRT Marine Systems' overall GF Score™ is 55/100 with 5 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 SRT Marine Systems (SRTMF), the current Operating Income is $8.8 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 SRT Marine Systems (SRTMF) Overvalued in 2026?

Based on GuruFocus' analysis, SRT Marine Systems stock appears to be undervalued. The current stock price of $1.22 is trading 44% below its estimated GF Value™ of $2.18.

Key valuation signals for SRTMF:

Operating Income: $8.8 Mil
GF Value™: $2.18 vs. price of $1.22 (44% below fair value)
GF Score™: 55/100 with 5 warning signs

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

SRT Marine Systems Business Description

Industry Technology Hardware

Comparable Companies LSE:JDG LSE:QTX LSE:SDI LSE:KMK LSE:ONDO LSE:MET LSE:TRAC LSE:PIP TSE:6861 COHR KEYS GRMN TDY TPE:2360 MKSI OSTO:HEXA B FTV TRMB SZSE:300567 CGNX

Other Exchanges SRT:UK 6S7:Germany

Address Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS

Website http://www.srt-marine.com

SRT Marine Systems PLC develops and provides integrated maritime surveillance, monitoring, management, and safety systems used by coast guards, fisheries authorities, infrastructure owners, and vessel owners for the purpose of managing and controlling their maritime domain. The applications include security, safety, search & rescue, law enforcement, fisheries management, illegal fishing detection, and environmental monitoring. The company is in a single business segment, the Marine technology business, which provides solutions to solve the problem of maritime domain awareness, including products and systems. The company currently operates in the following geographical markets: Europe, the Middle East, North America, the United Kingdom, South East Asia, and others.

55GF Score

Get the complete analysis for SRTMF

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

$1.22

Price

$2.18

GF Value

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