THNPF (Technip Energies NV) Operating Income: $599 Mil (TTM As of Dec. 2025)


THNPF Technip Energies NV THNPF
83 GF Score
Price $40.15
GF Value $37.46
Valuation Fairly Valued
! 6 Warning Signs
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What is Technip Energies NV Operating Income?

Technip Energies NV THNPF 83 Operating Income is $599 Mil as of Dec. 2025. GuruFocus rates THNPF with a GF Score™ of 83/100 and a GF Value™ of $37.46 (Fairly Valued). The stock has 6 warning signs investors should review.

Technip Energies NV's Operating Income for the six months ended in Dec. 2025 was $285 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $599 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Technip Energies NV's Operating Income for the six months ended in Dec. 2025 was $285 Mil. Technip Energies NV's Revenue for the six months ended in Dec. 2025 was $4,219 Mil. Therefore, Technip Energies NV's Operating Margin % for the quarter that ended in Dec. 2025 was 6.76%.

Warning Sign:

Technip Energies NV operating margin has been in a 5-year decline. The average rate of decline per year is -7.8%.

Technip Energies NV's 5-Year average Growth Rate for Operating Margin % was -7.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Technip Energies NV's annualized ROC % for the quarter that ended in Dec. 2025 was 4.55%. Technip Energies NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 115.41%.


Technip Energies NV  (OTCPK:THNPF) Operating Income Explanation

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

Technip Energies NV'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 )
=570.726 * ( 1 - 28.34% )/( (8392.387 + 9589.813)/ 2 )
=408.9822516/8991.1
=4.55 %

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))
=10723.991 - 1975.087 - ( 4474.164 - max(0, 6870.819 - 7227.336+4474.164))
=8392.387

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))
=11477.635 - 1941.452 - ( 4317.096 - max(0, 7411.241 - 7357.611+4317.096))
=9589.813

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:

Technip Energies NV'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 )
=587.12/( ( (439.562 + max(-4527.567, 0)) + (577.869 + max(-4402.927, 0)) )/ 2 )
=587.12/( ( 439.562 + 577.869 )/ 2 )
=587.12/508.7155
=115.41 %

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)
=(1332.295 + 0 + 839.677) - (1975.087 + 0 + 4724.452)
=-4527.567

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1638.525 + 70.258 + 864.988) - (1941.452 + 0 + 5035.246)
=-4402.927

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 %:

Technip Energies NV'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 )
=285.363/4219.087
=6.76 %

* 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.


Technip Energies NV Operating Income Related Terms


Technip Energies NV Operating Income Historical Data

* Premium members only.

The historical data trend for Technip Energies NV'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.

Technip Energies NV Operating Income Chart

Technip Energies NV Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only 647.46 537.82 526.39 471.00 603.28

Technip Energies NV Semi-Annual Data
Dec17 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 294.66 211.63 265.13 313.15 285.36
THNPF
83GF Score
Technip Energies NV THNPF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Technip Energies NV 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 $599 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 $599 Mil mean?
Technip Energies NV (THNPF) has a Operating Income of $599 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Technip Energies NV and its competitors.
Is Technip Energies NV's Operating Income too high?
Technip Energies NV's current Operating Income is $599 Mil. Overall, Technip Energies NV has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Technip Energies NV's Operating Income compare to SLB and BKR?
Technip Energies NV's Operating Income of $599 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Operating Income depends on the Oil & Gas 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 Technip Energies NV and its competitors. Technip Energies NV's current Operating Income is $599 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technip Energies NV stock overvalued right now?
Based on GuruFocus' analysis, Technip Energies NV (THNPF) is currently considered Fairly Valued. The stock's GF Value™ is $37.46, compared to a current price of $40.15 — trading 7.2% above its estimated fair value. The current Operating Income is $599 Mil. Technip Energies NV's overall GF Score™ is 83/100 with 6 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 Technip Energies NV (THNPF), the current Operating Income is $599 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 Technip Energies NV (THNPF) Overvalued in 2026?

Based on GuruFocus' analysis, Technip Energies NV stock appears to be overvalued. The current stock price of $40.15 is trading 7.2% above its estimated GF Value™ of $37.46. GuruFocus considers Technip Energies NV to be Fairly Valued.

Key valuation signals for THNPF:

  • Operating Income: $599 Mil
  • GF Value™: $37.46 vs. price of $40.15 (7.2% above fair value)
  • GF Score™: 83/100 with 6 warning signs

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


Technip Energies NV Business Description

Industry EnergyOil & Gas
Address 2126 Boulevard de La Defense, CS 10266, Nanterre Cedex, Nanterre, FRA, 92741
Technip Energies NV is an engineering and technology company specialized in providing projects, technologies, products, and services on energy infrastructure both onshore and offshore. Technip Energies is positioned on two operating segments addressing its key markets: Technology Products & Services (TPS) and Project Delivery. Substantial revenue is derived from the Project Delivery segment that provides comprehensive engineering, procurement and construction delivery capabilities globally. Geographically, it operates in Europe & Central Asia; Africa & Middle East; Asia Pacific; and Americas.
83GF Score

Get the complete analysis for THNPF

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

$40.15
Price
$37.46
GF Value