TNTFF (PostNL NV) Operating Income: $52 Mil (TTM As of Dec. 2025)

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TNTFF PostNL NV TNTFF
75 GF Score
Price $1.13
GF Value $1.34
Valuation Modestly Undervalued
! 3 Warning Signs
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What is PostNL NV Operating Income?

PostNL NV TNTFF 75 Operating Income is $52 Mil as of Dec. 2025. GuruFocus rates TNTFF with a GF Score™ of 75/100 and a GF Value™ of $1.34 (Modestly Undervalued). The stock has 3 warning signs investors should review.

PostNL NV's Operating Income for the three months ended in Dec. 2025 was $129 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $52 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PostNL NV's Operating Income for the three months ended in Dec. 2025 was $129 Mil. PostNL NV's Revenue for the three months ended in Dec. 2025 was $1,141 Mil. Therefore, PostNL NV's Operating Margin % for the quarter that ended in Dec. 2025 was 11.29%.

PostNL NV'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. PostNL NV's annualized ROC % for the quarter that ended in Dec. 2025 was 17.48%. PostNL NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 42.43%.


PostNL NV  (OTCPK:TNTFF) Operating Income Explanation

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

PostNL 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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=515.224 * ( 1 - 26.98% )/( (2442.487 + 1861.826)/ 2 )
=376.2165648/2152.1565
=17.48 %

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))
=2336.854 - 191.315 - ( 514.085 - max(0, 1300.469 - 1003.521+514.085))
=2442.487

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))
=2580.796 - 634.66 - ( 721.311 - max(0, 1135.831 - 1220.141+721.311))
=1861.826

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

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

PostNL 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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=360.656/( ( (835.681 + max(-455.4, 0)) + (864.169 + max(-481.264, 0)) )/ 2 )
=360.656/( ( 835.681 + 864.169 )/ 2 )
=360.656/849.925
=42.43 %

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)
=(334.507 + 10.563 + 45.774) - (191.315 + 0 + 654.929)
=-455.4

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(399.297 + 10.539 + 11.71) - (634.66 + 0 + 268.15)
=-481.264

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 %:

PostNL 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 )
=128.806/1140.515
=11.29 %

* 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.


PostNL NV Operating Income Related Terms


PostNL NV Operating Income Historical Data

* Premium members only.

The historical data trend for PostNL 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.

PostNL NV Operating Income Chart

PostNL NV 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 335.59 -1,375.00 88.33 33.51 50.35

PostNL NV 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 61.78 -17.30 -39.22 -19.95 128.81
TNTFF
75GF Score
PostNL NV TNTFF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PostNL 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 quarterly data reported by the company within the most recent 12 months, which was $52 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 $52 Mil mean?
PostNL NV (TNTFF) has a Operating Income of $52 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PostNL NV and its competitors.
Is PostNL NV's Operating Income too high?
PostNL NV's current Operating Income is $52 Mil. Overall, PostNL NV has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PostNL NV's Operating Income compare to UPS and FDX?
PostNL NV's Operating Income of $52 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 PostNL NV and its competitors. PostNL NV's current Operating Income is $52 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PostNL NV stock overvalued right now?
Based on GuruFocus' analysis, PostNL NV (TNTFF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.34, compared to a current price of $1.13 — trading 15.3% below its estimated fair value. The current Operating Income is $52 Mil. PostNL NV's overall GF Score™ is 75/100 with 3 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 PostNL NV (TNTFF), the current Operating Income is $52 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 PostNL NV (TNTFF) Overvalued in 2026?

Based on GuruFocus' analysis, PostNL NV stock appears to be undervalued. The current stock price of $1.13 is trading 15.3% below its estimated GF Value™ of $1.34. GuruFocus considers PostNL NV to be Modestly Undervalued.

Key valuation signals for TNTFF:

  • Operating Income: $52 Mil
  • GF Value™: $1.34 vs. price of $1.13 (15.3% below fair value)
  • GF Score™: 75/100 with 3 warning signs

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


PostNL NV Business Description

Address Waldorpstraat 3, The Hague, NLD, 2521 CA
PostNL NV provides businesses and consumers in the Benelux with an extensive range of services for their mail and parcel needs. Through its international sales network, Spring connects local businesses with consumers globally. PostNL's services include collecting, sorting, transporting, and delivering letters and parcels for its customers within specified timeframes. The company also provides services in the area of data management, direct marketing, and fulfilment. It reports two operating segments: Parcels and Mail in the Netherlands, and one other segment: PostNL Other. The majority of its revenue is generated from the Parcels segment. Geographically, the company earns maximum revenue from the Netherlands, with the remainder coming from the rest of Europe and other markets.
75GF Score

Get the complete analysis for TNTFF

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

$1.13
Price
$1.34
GF Value