TMRC (Texas Mineral Resources) Operating Income: $-2.18 Mil (TTM As of May. 2026)


TMRC Texas Mineral Resources Corp TMRC
35 GF Score
Price $0.77
! 2 Warning Signs
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What is Texas Mineral Resources Operating Income?

Texas Mineral Resources TMRC -4.47% 35 Operating Income is $-2.18 Mil as of May. 2026. GuruFocus rates TMRC with a GF Score™ of 35/100. The stock has 2 warning signs investors should review.

Texas Mineral Resources's Operating Income for the three months ended in May. 2026 was $-1.35 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2026 was $-2.18 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Texas Mineral Resources's Operating Income for the three months ended in May. 2026 was $-1.35 Mil. Texas Mineral Resources's Revenue for the three months ended in May. 2026 was $0.00 Mil. Therefore, Texas Mineral Resources's Operating Margin % for the quarter that ended in May. 2026 was %.

Texas Mineral Resources'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. Texas Mineral Resources's annualized ROC % for the quarter that ended in May. 2026 was -893.30%. Texas Mineral Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was -1,026.34%.

Texas Mineral Resources  (OTCPK:TMRC) Operating Income Explanation

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

Texas Mineral Resources's annualized ROC % for the quarter that ended in May. 2026 is calculated as:

ROC % (Q: May. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2026 ) + Invested Capital (Q: May. 2026 ))/ count )
=-5.4 * ( 1 - 0% )/( (0.604 + 0.605)/ 2 )
=-5.4/0.6045
=-893.30 %

where

Invested Capital(Q: Feb. 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))
=4.412 - 0.07 - ( 3.77 - max(0, 0.145 - 3.883+3.77))
=0.604

Invested Capital(Q: May. 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))
=3.199 - 0.171 - ( 2.606 - max(0, 0.246 - 2.669+2.606))
=0.605

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

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

Texas Mineral Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2026  Q: May. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5.26/( ( (0.491 + max(0.043, 0)) + (0.491 + max(-0.108, 0)) )/ 2 )
=-5.26/( ( 0.534 + 0.491 )/ 2 )
=-5.26/0.5125
=-1,026.34 %

where Working Capital is:

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.113) - (0.07 + 0 + -2.7755575615629E-17)
=0.043

Working Capital(Q: May. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.063) - (0.171 + 0 + 0)
=-0.108

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2026) EBIT data.

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

Texas Mineral Resources's Operating Margin % for the quarter that ended in May. 2026 is calculated as:

Operating Margin %=Operating Income (Q: May. 2026 )/Revenue (Q: May. 2026 )
=-1.35/0
= %

* 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.

Texas Mineral Resources Operating Income Related Terms

Texas Mineral Resources Operating Income Historical Data

* Premium members only.

The historical data trend for Texas Mineral Resources'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.

Texas Mineral Resources Operating Income Chart

Texas Mineral Resources Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.29 -2.91 -2.60 -0.95 -1.21

Texas Mineral Resources Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 -0.51 -0.27 -0.25 -0.31 -1.35
TMRC
35GF Score
Texas Mineral Resources Corp TMRC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Texas Mineral Resources 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 May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.18 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 $-2.18 Mil mean?
Texas Mineral Resources (TMRC) has a Operating Income of $-2.18 Mil as of May. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Texas Mineral Resources and its competitors.
Is Texas Mineral Resources' Operating Income too high?
Texas Mineral Resources' current Operating Income is $-2.18 Mil. Overall, Texas Mineral Resources has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Texas Mineral Resources' Operating Income compare to XPL and WWR?
Texas Mineral Resources' Operating Income of $-2.18 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Operating Income depends on the Metals & Mining 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 Texas Mineral Resources and its competitors. Texas Mineral Resources's current Operating Income is $-2.18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texas Mineral Resources stock overvalued right now?
Texas Mineral Resources (TMRC) has a current Operating Income of $-2.18 Mil. The current Operating Income is $-2.18 Mil. Texas Mineral Resources' overall GF Score™ is 35/100 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 Texas Mineral Resources (TMRC), the current Operating Income is $-2.18 Mil as of May. 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.

Texas Mineral Resources Business Description

Address 527 21st Street, No 44, Galveston, TX, USA, 77550
Texas Mineral Resources Corp is an exploration-stage mining company engaged in the acquisition, exploration, and development of mineral properties. The group focuses on developing a metallurgical process to concentrate or extract metals from the Round Top Projects. Its flagship property includes the Round Top rare earths-uranium-beryllium project in Hudspeth County, Texas, along with prospecting permits for surrounding acreage adjacent to the Round Top project.
35GF 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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