Astec Industries (STU:AI2) Operating Income: €46 Mil (TTM As of Mar. 2026)


STU:AI2 Astec Industries Inc STU:AI2
84 GF Score
Price €51.00
GF Value €39.57
! 9 Warning Signs
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What is Astec Industries Operating Income?

Astec Industries STU:AI2 +2.00% 84 Operating Income is €46 Mil as of Mar. 2026. GuruFocus rates STU:AI2 with a GF Score™ of 84/100 and a GF Value™ of €39.57. The stock has 9 warning signs investors should review.

Astec Industries's Operating Income for the three months ended in Mar. 2026 was €8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €46 Mil.

Warning Sign:

Astec Industries Inc 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. Astec Industries's Operating Income for the three months ended in Mar. 2026 was €8 Mil. Astec Industries's Revenue for the three months ended in Mar. 2026 was €343 Mil. Therefore, Astec Industries's Operating Margin % for the quarter that ended in Mar. 2026 was 2.25%.

Good Sign:

Astec Industries Inc operating margin is expanding. Margin expansion is usually a good sign.

Astec Industries's 5-Year average Growth Rate for Operating Margin % was 9.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Astec Industries's annualized ROC % for the quarter that ended in Mar. 2026 was 1.40%. Astec Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.28%.


Astec Industries  (STU:AI2) Operating Income Explanation

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

Astec Industries'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 )
=30.792 * ( 1 - 53.55% )/( (964.252 + 1075.887)/ 2 )
=14.302884/1020.0695
=1.40 %

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))
=1167.589 - 140.056 - ( 63.281 - max(0, 280.112 - 697.376+63.281))
=964.252

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))
=1235.998 - 93.593 - ( 66.518 - max(0, 302.404 - 708.867+66.518))
=1075.887

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

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

Astec Industries'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 )
=35.292/( ( (189.844 + max(364.658, 0)) + (206.302 + max(363.646, 0)) )/ 2 )
=35.292/( ( 554.502 + 569.948 )/ 2 )
=35.292/562.225
=6.28 %

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)
=(186.087 + 397.964 + 36.551) - (140.056 + 71.48 + 44.408)
=364.658

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(186.494 + 406.377 + 49.478) - (93.593 + 83.126 + 101.984)
=363.646

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 %:

Astec Industries'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 )
=7.698/342.799
=2.25 %

* 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.


Astec Industries Operating Income Related Terms


Astec Industries Operating Income Historical Data

* Premium members only.

The historical data trend for Astec Industries'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.

Astec Industries Operating Income Chart

Astec Industries 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 19.82 15.58 49.89 49.47 55.94

Astec Industries 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 18.96 18.47 0.77 19.47 7.70
STU:AI2
84GF Score
Astec Industries Inc STU:AI2
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Astec Industries 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 €46 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 €46 Mil mean?
Astec Industries (STU:AI2) has a Operating Income of €46 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Astec Industries and its competitors.
Is Astec Industries' Operating Income too high?
Astec Industries' current Operating Income is €46 Mil. Overall, Astec Industries has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Astec Industries' Operating Income compare to LNN and AEBI?
Astec Industries' Operating Income of €46 Mil can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Operating Income depends on the Farm & Heavy Construction Machinery 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 Astec Industries and its competitors. Astec Industries's current Operating Income is €46 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astec Industries stock overvalued right now?
Astec Industries (STU:AI2) has a current Operating Income of €46 Mil. The stock's GF Value™ is €39.57, compared to a current price of €51.00 — trading 28.9% above its estimated fair value. The current Operating Income is €46 Mil. Astec Industries' overall GF Score™ is 84/100 with 9 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 Astec Industries (STU:AI2), the current Operating Income is €46 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 Astec Industries (STU:AI2) Overvalued in 2026?

Based on GuruFocus' analysis, Astec Industries stock appears to be overvalued. The current stock price of €51.00 is trading 28.9% above its estimated GF Value™ of €39.57.

Key valuation signals for STU:AI2:

  • Operating Income: €46 Mil
  • GF Value™: €39.57 vs. price of €51.00 (28.9% above fair value)
  • GF Score™: 84/100 with 9 warning signs

No single metric tells the full story. See the STU:AI2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Astec Industries Business Description

Other Exchanges ASTE:USA
Address 1725 Shepherd Road, Chattanooga, TN, USA, 37421
Astec Industries Inc designs and manufactures equipment and components used in road construction and other development activities. Its products are used through the entire process of building roads, from mining and crushing materials to creating the road surface. The company manufactures a line of plants, pavers, vehicles, and machines to mix and transform materials into construction components. The company has two operating segments: infrastructure solutions generating maximum revenue and materials solutions. The majority of sales are derived from the United States. Its customers are asphalt producers, highway and heavy equipment contractors, ready mix concrete producers, demolition recycling markets, sand and gravel producers, open mine operators, quarry operators, and others.
84GF Score

Get the complete analysis for STU:AI2

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

€51.00
Price
€39.57
GF Value