Cavendish Hydrogen ASA (STU:V07) Operating Income: €-21.80 Mil (TTM As of Mar. 2026)

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STU:V07 Cavendish Hydrogen ASA STU:V07
19 GF Score
Price €0.52
! 2 Warning Signs
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What is Cavendish Hydrogen ASA Operating Income?

Cavendish Hydrogen ASA STU:V07 +0.19% 19 Operating Income is €-21.80 Mil as of Mar. 2026. GuruFocus rates STU:V07 with a GF Score™ of 19/100. The stock has 2 warning signs investors should review.

Cavendish Hydrogen ASA's Operating Income for the three months ended in Mar. 2026 was €-5.00 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €-21.80 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Cavendish Hydrogen ASA's Operating Income for the three months ended in Mar. 2026 was €-5.00 Mil. Cavendish Hydrogen ASA's Revenue for the three months ended in Mar. 2026 was €2.80 Mil. Therefore, Cavendish Hydrogen ASA's Operating Margin % for the quarter that ended in Mar. 2026 was -178.57%.

Cavendish Hydrogen ASA'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. Cavendish Hydrogen ASA's annualized ROC % for the quarter that ended in Mar. 2026 was -56.12%. Cavendish Hydrogen ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -95.57%.


Cavendish Hydrogen ASA  (STU:V07) Operating Income Explanation

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

Cavendish Hydrogen ASA'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 )
=-20 * ( 1 - 0% )/( (36.08 + 35.2)/ 2 )
=-20/35.64
=-56.12 %

where

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

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

Cavendish Hydrogen ASA'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 )
=-19.6/( ( (9.758 + max(11.158, 0)) + (8.8 + max(11.3, 0)) )/ 2 )
=-19.6/( ( 20.916 + 20.1 )/ 2 )
=-19.6/20.508
=-95.57 %

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)
=(1.841 + 12.906 + 2.953) - (2.743 + 0 + 3.799)
=11.158

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.4 + 13.5 + 2.1) - (1.7 + 0 + 4)
=11.3

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 %:

Cavendish Hydrogen ASA'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 )
=-5/2.8
=-178.57 %

* 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.


Cavendish Hydrogen ASA Operating Income Related Terms


Cavendish Hydrogen ASA Operating Income Historical Data

* Premium members only.

The historical data trend for Cavendish Hydrogen ASA'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.

Cavendish Hydrogen ASA Operating Income Chart

Cavendish Hydrogen ASA Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -23.94 -41.93 -24.06 -23.55 -23.98

Cavendish Hydrogen ASA Quarterly Data
Dec20 Dec21 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 -8.20 -5.70 -5.30 -5.80 -5.00
STU:V07
19GF Score
Cavendish Hydrogen ASA STU:V07
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Cavendish Hydrogen ASA 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 €-21.80 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 €-21.80 Mil mean?
Cavendish Hydrogen ASA (STU:V07) has a Operating Income of €-21.80 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Cavendish Hydrogen ASA and its competitors.
Is Cavendish Hydrogen ASA's Operating Income too high?
Cavendish Hydrogen ASA's current Operating Income is €-21.80 Mil. Overall, Cavendish Hydrogen ASA has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Cavendish Hydrogen ASA's Operating Income compare to ATO and NI?
Cavendish Hydrogen ASA's Operating Income of €-21.80 Mil can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated 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 Cavendish Hydrogen ASA and its competitors. Cavendish Hydrogen ASA's current Operating Income is €-21.80 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cavendish Hydrogen ASA stock overvalued right now?
Cavendish Hydrogen ASA (STU:V07) has a current Operating Income of €-21.80 Mil. The current Operating Income is €-21.80 Mil. Cavendish Hydrogen ASA's overall GF Score™ is 19/100 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 Cavendish Hydrogen ASA (STU:V07), the current Operating Income is €-21.80 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.

Cavendish Hydrogen ASA Business Description

Other Exchanges CAVEN:Norway
Address Dronning Eufemias gate 16, Oslo, NOR, N-0191
Cavendish Hydrogen ASA is a hydrogen fueling company that specializes in the development, production, marketing, sales, installation, commissioning and service of equipment for fueling hydrogen to on road vehicles. The company's core product is hydrogen fueling stations that provide fuel cell electric vehicles (FCEV) including cars, vans, buses and trucks with comparable fast fueling and long range as conventional vehicles today. Beside pure sales of the fueling stations the company offers services such as project execution, site engineering, installation, commissioning, operation support and service and maintenance for its own products. The company operates globally with offices in Denmark, USA, South Korea and Austria.
19GF 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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