TISI (TISNF) Operating Income: $502 Mil (TTM As of Mar. 2026)


TISNF TISI Inc TISNF
93 GF Score
Price $20.00
GF Value $24.55
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What is TISI Operating Income?

TISI TISNF 93 Operating Income is $502 Mil as of Mar. 2026. GuruFocus rates TISNF with a GF Score™ of 93/100 and a GF Value™ of $24.55.

TISI's Operating Income for the three months ended in Mar. 2026 was $135 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $502 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. TISI's Operating Income for the three months ended in Mar. 2026 was $135 Mil. TISI's Revenue for the three months ended in Mar. 2026 was $1,010 Mil. Therefore, TISI's Operating Margin % for the quarter that ended in Mar. 2026 was 13.37%.

Good Sign:

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

TISI's 5-Year average Growth Rate for Operating Margin % was 3.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TISI's annualized ROC % for the quarter that ended in Mar. 2026 was 15.45%. TISI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 31.13%.


TISI  (OTCPK:TISNF) Operating Income Explanation

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

TISI'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 )
=540.096 * ( 1 - 25.43% )/( (2629.625 + 2582.877)/ 2 )
=402.7495872/2606.251
=15.45 %

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))
=3361.19 - 181.695 - ( 549.87 - max(0, 846.198 - 1753.154+549.87))
=2629.625

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))
=3475.533 - 278.449 - ( 614.207 - max(0, 1034.706 - 1860.915+614.207))
=2582.877

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

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

TISI'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 )
=307.004/( ( (568.387 + max(497.663, 0)) + (560.149 + max(346.421, 0)) )/ 2 )
=307.004/( ( 1066.05 + 906.57 )/ 2 )
=307.004/986.31
=31.13 %

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)
=(852.394 + 50.425 + 300.465) - (181.695 + 0 + 523.926)
=497.663

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(908.139 + 45.487 + 293.082) - (278.449 + 0 + 621.838)
=346.421

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 %:

TISI'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 )
=135.024/1009.738
=13.37 %

* 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.


TISI Operating Income Related Terms


TISI Operating Income Historical Data

* Premium members only.

The historical data trend for TISI'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.

TISI Operating Income Chart

TISI Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 461.64 466.31 430.98 463.23 480.39

TISI 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 135.28 113.19 129.85 123.46 135.02
TISNF
93GF Score
TISI Inc TISNF
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TISI 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 $502 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 $502 Mil mean?
TISI (TISNF) has a Operating Income of $502 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on TISI and its competitors.
Is TISI's Operating Income too high?
TISI's current Operating Income is $502 Mil. Overall, TISI has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does TISI's Operating Income compare to IBM and ACN?
TISI's Operating Income of $502 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 TISI and its competitors. TISI's current Operating Income is $502 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TISI stock overvalued right now?
TISI (TISNF) has a current Operating Income of $502 Mil. The stock's GF Value™ is $24.55, compared to a current price of $20.00 — trading 18.5% below its estimated fair value. The current Operating Income is $502 Mil. TISI's overall GF Score™ is 93/100. 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 TISI (TISNF), the current Operating Income is $502 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 TISI (TISNF) Overvalued in 2026?

Based on GuruFocus' analysis, TISI stock appears to be undervalued. The current stock price of $20.00 is trading 18.5% below its estimated GF Value™ of $24.55.

Key valuation signals for TISNF:

  • Operating Income: $502 Mil
  • GF Value™: $24.55 vs. price of $20.00 (18.5% below fair value)
  • GF Score™: 93/100

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


TISI Business Description

Address 17-1, Nishishinjuku 8-chome, Shinjuku-ku, Tokyo, JPN, 160-0023
TIS is one of Japan's largest independent IT services companies, combining enterprise systems integration and outsourcing with issuer-side payment-processing infrastructure for banks and card issuers, a mix that is uncommon among domestic peers. The company serves clients in financial services, manufacturing, distribution, and the public sector, and recurring operation-and-cloud revenue represented 33.4% of group sales in fiscal 2026. For fiscal 2026, TIS generated JPY 596.5 billion of revenue and JPY 76.2 billion of operating profit, or a 12.8% margin. Its five reporting segments are regional IT solutions, industrial IT, offering service, financial IT, and BPM.
93GF Score

Get the complete analysis for TISNF

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

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Price
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