WTMA (Welsbach Technology Metals Acquisition) Operating Income: $-2.39 Mil (TTM As of Sep. 2025)


WTMA Welsbach Technology Metals Acquisition Corp WTMA
20 GF Score
Price $7.50
! 4 Warning Signs
View Full Analysis

What is Welsbach Technology Metals Acquisition Operating Income?

Welsbach Technology Metals Acquisition WTMA 20 Operating Income is $-2.39 Mil as of Sep. 2025. GuruFocus rates WTMA with a GF Score™ of 20/100. The stock has 4 warning signs investors should review.

Welsbach Technology Metals Acquisition's Operating Income for the three months ended in Sep. 2025 was $-0.47 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was $-2.39 Mil.

Warning Sign:

Welsbach Technology Metals Acquisition Corp has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Welsbach Technology Metals Acquisition's Operating Income for the three months ended in Sep. 2025 was $-0.47 Mil. Welsbach Technology Metals Acquisition's Revenue for the three months ended in Sep. 2025 was $0.00 Mil. Therefore, Welsbach Technology Metals Acquisition's Operating Margin % for the quarter that ended in Sep. 2025 was %.

Welsbach Technology Metals Acquisition'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. Welsbach Technology Metals Acquisition's annualized ROC % for the quarter that ended in Sep. 2025 was -13.17%. Welsbach Technology Metals Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was %.

Welsbach Technology Metals Acquisition  (OTCPK:WTMA) Operating Income Explanation

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

Welsbach Technology Metals Acquisition's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=-1.868 * ( 1 - 0% )/( (17.048 + 11.329)/ 2 )
=-1.868/14.1885
=-13.17 %

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))
=12.395 - 15.946 - ( 0.001 - max(0, 20.744 - 0.145+0.001))
=17.048

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))
=6.574 - 5.023 - ( 0 - max(0, 9.928 - 0.15+0))
=11.329

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

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

Welsbach Technology Metals Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.868/( ( (0 + max(-15.802, 0)) + (0 + max(-4.873, 0)) )/ 2 )
=-1.868/( ( 0 + 0 )/ 2 )
=-1.868/0
= %

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)
=(0 + 0 + 0.144) - (15.946 + 0 + 0)
=-15.802

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.15) - (5.023 + 0 + 0)
=-4.873

When net working capital is negative, 0 is used.

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

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

Welsbach Technology Metals Acquisition's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=-0.467/0
= %

* 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.

Welsbach Technology Metals Acquisition Operating Income Related Terms

Welsbach Technology Metals Acquisition Operating Income Historical Data

* Premium members only.

The historical data trend for Welsbach Technology Metals Acquisition'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.

Welsbach Technology Metals Acquisition Operating Income Chart

Welsbach Technology Metals Acquisition Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Operating Income
0.00 -3.33 -2.22 -1.58

Welsbach Technology Metals Acquisition Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -0.23 -0.71 -0.61 -0.61 -0.47
WTMA
20GF Score
Welsbach Technology Metals Acquisition Corp WTMA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Welsbach Technology Metals Acquisition 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 Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.39 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 $-2.39 Mil mean?
Welsbach Technology Metals Acquisition (WTMA) has a Operating Income of $-2.39 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Welsbach Technology Metals Acquisition and its competitors.
Is Welsbach Technology Metals Acquisition's Operating Income too high?
Welsbach Technology Metals Acquisition's current Operating Income is $-2.39 Mil. Overall, Welsbach Technology Metals Acquisition has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Welsbach Technology Metals Acquisition's Operating Income compare to TBMC and HSPOF?
Welsbach Technology Metals Acquisition's Operating Income of $-2.39 Mil can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Operating Income depends on the Diversified Financial Services 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 Welsbach Technology Metals Acquisition and its competitors. Welsbach Technology Metals Acquisition's current Operating Income is $-2.39 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Welsbach Technology Metals Acquisition stock overvalued right now?
Welsbach Technology Metals Acquisition (WTMA) has a current Operating Income of $-2.39 Mil. The current Operating Income is $-2.39 Mil. Welsbach Technology Metals Acquisition's overall GF Score™ is 20/100 with 4 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 Welsbach Technology Metals Acquisition (WTMA), the current Operating Income is $-2.39 Mil as of Sep. 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.

Welsbach Technology Metals Acquisition Business Description

Address 4422 N. Ravenswood Avenue, Suite 1025, Chicago, IL, USA, 60640
Welsbach Technology Metals Acquisition Corp is a blank check company.
20GF Score

Get the complete analysis for WTMA

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

$7.50
Price