Agnico Eagle Mines (XSWX:AEM) Operating Income: CHF6,137 Mil (TTM As of Mar. 2026)

What is Agnico Eagle Mines Operating Income?

Agnico Eagle Mines XSWX:AEM 97 Operating Income is CHF6,137 Mil as of Mar. 2026. GuruFocus rates XSWX:AEM with a GF Score™ of 97/100 and a GF Value™ of CHF65.60. The stock has 1 warning sign investors should review.

Agnico Eagle Mines's Operating Income for the three months ended in Mar. 2026 was CHF2,013 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was CHF6,137 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Agnico Eagle Mines's Operating Income for the three months ended in Mar. 2026 was CHF2,013 Mil. Agnico Eagle Mines's Revenue for the three months ended in Mar. 2026 was CHF3,228 Mil. Therefore, Agnico Eagle Mines's Operating Margin % for the quarter that ended in Mar. 2026 was 62.37%.

Good Sign:

Agnico Eagle Mines Ltd operating margin is expanding. Margin expansion is usually a good sign.

Agnico Eagle Mines's 5-Year average Growth Rate for Operating Margin % was 13.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Agnico Eagle Mines's annualized ROC % for the quarter that ended in Mar. 2026 was 22.21%. Agnico Eagle Mines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 44.40%.

Agnico Eagle Mines (XSWX:AEM) Operating Income Explanation

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

Agnico Eagle Mines'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 )
=	8051.76 * ( 1 - 33.76% )	/	( (23867.869	+	24163.715)	/ 2 )
=	5333.485824	/	24015.792
=	22.21 %

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	))
=	27470.172	-	1592.732	-	( 2291.015	-	max(0, 1970.101	-	3979.672	+	2291.015	))
=	23867.869

	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	))
=	27678.083	-	1055.9	-	( 2458.468	-	max(0, 1282.765	-	4038.277	+	2458.468	))
=	24163.715

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

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

Agnico Eagle Mines'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 )
=	8110.388	/	( ( (18209.595 + max(-407.067, 0))	+	(18129.711 + max(190.472, 0)) )	/	2 )
=	8110.388	/	( ( 18209.595	+	18320.183 )	/	2 )
=	8110.388	/	18264.889
=	44.40 %

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)
=	(14.894	+	1353.798	+	170.052)	-	(1592.732	+	0	+	353.079)
=	-407.067

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(19.05	+	1243.027	+	185.515)	-	(1055.9	+	0	+	201.22)
=	190.472

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 %:

Agnico Eagle Mines'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 )
	=	2012.94	/	3227.606
	=	62.37 %

* 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.

Agnico Eagle Mines Operating Income Related Terms

Agnico Eagle Mines Operating Income Historical Data

* Premium members only.

The historical data trend for Agnico Eagle Mines's Operating Income can be seen below:

Agnico Eagle Mines Operating Income Chart

Agnico Eagle Mines Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

Get a 7-Day Free Trial

973.25

1,344.21

1,465.52

2,808.03

5,042.75

Agnico Eagle Mines 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															1,024.60	1,227.97	1,309.59	1,586.92	2,012.94

97GF Score

Agnico Eagle Mines Ltd XSWX:AEM

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Agnico Eagle Mines 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 CHF6,137 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of CHF6,137 Mil mean?

Agnico Eagle Mines (XSWX:AEM) has a Operating Income of CHF6,137 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Agnico Eagle Mines and its competitors.

Is Agnico Eagle Mines' Operating Income too high?

Agnico Eagle Mines' current Operating Income is CHF6,137 Mil. Overall, Agnico Eagle Mines has a GF Score™ of 97/100, reflecting its overall financial health beyond just this single metric.

How does Agnico Eagle Mines' Operating Income compare to NEM and AU?

Agnico Eagle Mines' Operating Income of CHF6,137 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 Agnico Eagle Mines and its competitors. Agnico Eagle Mines's current Operating Income is CHF6,137 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Agnico Eagle Mines stock overvalued right now?

Agnico Eagle Mines (XSWX:AEM) has a current Operating Income of CHF6,137 Mil. The stock's GF Value™ is CHF65.60, compared to a current price of CHF124.88 — trading 90.4% above its estimated fair value. The current Operating Income is CHF6,137 Mil. Agnico Eagle Mines' overall GF Score™ is 97/100 with 1 warning sign 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 Agnico Eagle Mines (XSWX:AEM), the current Operating Income is CHF6,137 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 Agnico Eagle Mines (XSWX:AEM) Overvalued in 2026?

Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be overvalued. The current stock price of CHF124.88 is trading 90.4% above its estimated GF Value™ of CHF65.60.

Key valuation signals for XSWX:AEM:

Operating Income: CHF6,137 Mil
GF Value™: CHF65.60 vs. price of CHF124.88 (90.4% above fair value)
GF Score™: 97/100 with 1 warning sign

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

Agnico Eagle Mines Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSX:ABX TSX:WPM TSX:FNV TSX:K TSX:PAAS TSX:LUG TSX:AGI TSX:IMG TSX:ELD TSX:EQX NEM SHSE:601899 AU HKSE:02259 JSE:GFI MIC:PLZL ASX:NST RGLD ASX:EVN CDE

Other Exchanges AEM:USA AEMN:Mexico 0R2J:UK AE9:Germany AEM:Canada AEM:Argentina

Address 145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7

Website https://www.agnicoeagle.com

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.

97GF Score

Get the complete analysis for XSWX:AEM

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

CHF124.88

Price

CHF65.60

GF Value

View XSWX:AEM Analysis

See Operating Income data for all stocks →