Wallenius Wilhelmsen ASA (STU:WNL) Operating Income: €1,006 Mil (TTM As of Dec. 2025)

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STU:WNL Wallenius Wilhelmsen ASA STU:WNL
71 GF Score
Price €12.46
GF Value €7.39
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Wallenius Wilhelmsen ASA Operating Income?

Wallenius Wilhelmsen ASA STU:WNL +3.66% 71 Operating Income is €1,006 Mil as of Dec. 2025. GuruFocus rates STU:WNL with a GF Score™ of 71/100 and a GF Value™ of €7.39 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Wallenius Wilhelmsen ASA's Operating Income for the three months ended in Dec. 2025 was €182 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €1,006 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Wallenius Wilhelmsen ASA's Operating Income for the three months ended in Dec. 2025 was €182 Mil. Wallenius Wilhelmsen ASA's Revenue for the three months ended in Dec. 2025 was €1,077 Mil. Therefore, Wallenius Wilhelmsen ASA's Operating Margin % for the quarter that ended in Dec. 2025 was 16.89%.

Good Sign:

Wallenius Wilhelmsen ASA operating margin is expanding. Margin expansion is usually a good sign.

Wallenius Wilhelmsen ASA's 5-Year average Growth Rate for Operating Margin % was 74.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wallenius Wilhelmsen ASA's annualized ROC % for the quarter that ended in Dec. 2025 was 10.51%. Wallenius Wilhelmsen ASA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 16.18%.


Wallenius Wilhelmsen ASA  (STU:WNL) Operating Income Explanation

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

Wallenius Wilhelmsen ASA'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=727.608 * ( 1 - 1.69% )/( (6775.956 + 6830.292)/ 2 )
=715.3114248/6803.124
=10.51 %

where

Invested Capital(Q: Sep. 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))
=6648.156 - 133.764 - ( 919.308 - max(0, 1982.604 - 1721.04+919.308))
=6775.956

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))
=6675.718 - 149.45 - ( 915.488 - max(0, 2043.622 - 1739.598+915.488))
=6830.292

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Wallenius Wilhelmsen ASA'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=744.688/( ( (4588.02 + max(-524.832, 0)) + (4616.724 + max(-574.742, 0)) )/ 2 )
=744.688/( ( 4588.02 + 4616.724 )/ 2 )
=744.688/4602.372
=16.18 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(446.448 + 125.244 + 230.04) - (133.764 + 0 + 1192.8)
=-524.832

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(476.532 + 126.392 + 206.668) - (149.45 + 0 + 1234.884)
=-574.742

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Wallenius Wilhelmsen ASA'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 )
=181.902/1076.894
=16.89 %

* 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.


Wallenius Wilhelmsen ASA Operating Income Related Terms


Wallenius Wilhelmsen ASA Operating Income Historical Data

* Premium members only.

The historical data trend for Wallenius Wilhelmsen 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.

Wallenius Wilhelmsen ASA Operating Income Chart

Wallenius Wilhelmsen ASA 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 307.98 949.66 1,128.83 1,229.09 981.25

Wallenius Wilhelmsen ASA Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 Premium Member Only 295.10 282.13 267.90 274.34 181.90
STU:WNL
71GF Score
Wallenius Wilhelmsen ASA STU:WNL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Wallenius Wilhelmsen 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,006 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 €1,006 Mil mean?
Wallenius Wilhelmsen ASA (STU:WNL) has a Operating Income of €1,006 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Wallenius Wilhelmsen ASA and its competitors.
Is Wallenius Wilhelmsen ASA's Operating Income too high?
Wallenius Wilhelmsen ASA's current Operating Income is €1,006 Mil. Overall, Wallenius Wilhelmsen ASA has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wallenius Wilhelmsen ASA's Operating Income compare to competitors?
Wallenius Wilhelmsen ASA's Operating Income of €1,006 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Operating Income depends on the Transportation 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 Wallenius Wilhelmsen ASA and its competitors. Wallenius Wilhelmsen ASA's current Operating Income is €1,006 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wallenius Wilhelmsen ASA stock overvalued right now?
Based on GuruFocus' analysis, Wallenius Wilhelmsen ASA (STU:WNL) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.39, compared to a current price of €12.46 — trading 68.6% above its estimated fair value. The current Operating Income is €1,006 Mil. Wallenius Wilhelmsen ASA's overall GF Score™ is 71/100 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 Wallenius Wilhelmsen ASA (STU:WNL), the current Operating Income is €1,006 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 Wallenius Wilhelmsen ASA (STU:WNL) Overvalued in 2026?

Based on GuruFocus' analysis, Wallenius Wilhelmsen ASA stock appears to be overvalued. The current stock price of €12.46 is trading 68.6% above its estimated GF Value™ of €7.39. GuruFocus considers Wallenius Wilhelmsen ASA to be Significantly Overvalued.

Key valuation signals for STU:WNL:

  • Operating Income: €1,006 Mil
  • GF Value™: €7.39 vs. price of €12.46 (68.6% above fair value)
  • GF Score™: 71/100 with 10 warning signs

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


Wallenius Wilhelmsen ASA Business Description

Address Strandveien 20, Lysaker, NOR, 1366
Wallenius Wilhelmsen ASA is an integrated vehicle transportation and logistics company, supporting customers across their supply chain, all the way from the factory to the end-consumer. The company has three reportable operating segments, namely Shipping services, Logistics services and Government services. It generates maximum revenue from the Shipping services segment. The shipping services segment is engaged in the ocean transport of cars and RoRo cargo. Its main customers are car manufacturers as well as manufacturers of construction and other high and heavy equipment. Geographically, it derives a majority of its revenue from the Americas followed by Europe, Asia and Africa.
71GF Score

Get the complete analysis for STU:WNL

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

€12.46
Price
€7.39
GF Value