Coeur Mining (XSWX:CDE) Operating Income: CHF857 Mil (TTM As of Mar. 2026)

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XSWX:CDE Coeur Mining Inc XSWX:CDE
68 GF Score
Price CHF11.97
GF Value CHF7.86
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Coeur Mining Operating Income?

Coeur Mining XSWX:CDE +0.17% 68 Operating Income is CHF857 Mil as of Mar. 2026. GuruFocus rates XSWX:CDE with a GF Score™ of 68/100 and a GF Value™ of CHF7.86 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Coeur Mining's Operating Income for the three months ended in Mar. 2026 was CHF295 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was CHF857 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Coeur Mining's Operating Income for the three months ended in Mar. 2026 was CHF295 Mil. Coeur Mining's Revenue for the three months ended in Mar. 2026 was CHF674 Mil. Therefore, Coeur Mining's Operating Margin % for the quarter that ended in Mar. 2026 was 43.70%.

Good Sign:

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

Coeur Mining's 5-Year average Growth Rate for Operating Margin % was 24.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coeur Mining's annualized ROC % for the quarter that ended in Mar. 2026 was 11.86%. Coeur Mining's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.30%.


Coeur Mining  (XSWX:CDE) Operating Income Explanation

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

Coeur Mining'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 )
=1178.3 * ( 1 - 29.24% )/( (3027.103 + 11031.575)/ 2 )
=833.76508/7029.339
=11.86 %

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))
=3741.989 - 273.725 - ( 441.161 - max(0, 313.296 - 775.126+441.161))
=3027.103

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))
=12015.243 - 319.841 - ( 663.827 - max(0, 360.881 - 1346.423+663.827))
=11031.575

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

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

Coeur Mining'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 )
=1115.812/( ( (2187.398 + max(3.7849999999999, 0)) + (9712.593 + max(291.356, 0)) )/ 2 )
=1115.812/( ( 2191.183 + 10003.949 )/ 2 )
=1115.812/6097.566
=18.30 %

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)
=(14.488 + 255.638 + 23.878) - (273.725 + 4.393 + 12.101)
=3.7849999999999

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.015 + 573.457 + 40.36) - (319.841 + 4.428 + 16.207)
=291.356

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 %:

Coeur Mining'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 )
=294.575/674.08
=43.70 %

* 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.


Coeur Mining Operating Income Related Terms


Coeur Mining Operating Income Historical Data

* Premium members only.

The historical data trend for Coeur Mining'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.

Coeur Mining Operating Income Chart

Coeur Mining 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 93.40 1.30 13.77 192.10 619.03

Coeur Mining 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 65.72 120.65 149.62 291.76 294.58
XSWX:CDE
68GF Score
Coeur Mining Inc XSWX:CDE
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coeur Mining 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 CHF857 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 CHF857 Mil mean?
Coeur Mining (XSWX:CDE) has a Operating Income of CHF857 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Coeur Mining and its competitors.
Is Coeur Mining's Operating Income too high?
Coeur Mining's current Operating Income is CHF857 Mil. Overall, Coeur Mining has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coeur Mining's Operating Income compare to RGLD and AUGO?
Coeur Mining's Operating Income of CHF857 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 Coeur Mining and its competitors. Coeur Mining's current Operating Income is CHF857 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coeur Mining stock overvalued right now?
Based on GuruFocus' analysis, Coeur Mining (XSWX:CDE) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF7.86, compared to a current price of CHF11.97 — trading 52.3% above its estimated fair value. The current Operating Income is CHF857 Mil. Coeur Mining's overall GF Score™ is 68/100 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 Coeur Mining (XSWX:CDE), the current Operating Income is CHF857 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 Coeur Mining (XSWX:CDE) Overvalued in 2026?

Based on GuruFocus' analysis, Coeur Mining stock appears to be overvalued. The current stock price of CHF11.97 is trading 52.3% above its estimated GF Value™ of CHF7.86. GuruFocus considers Coeur Mining to be Significantly Overvalued.

Key valuation signals for XSWX:CDE:

  • Operating Income: CHF857 Mil
  • GF Value™: CHF7.86 vs. price of CHF11.97 (52.3% above fair value)
  • GF Score™: 68/100 with 2 warning signs

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


Coeur Mining Business Description

Address 200 South Wacker Drive, Suite 2100, Chicago, IL, USA, 60606
Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, Rochester, Wharf, and Kensington. Its projects are located in the United States, Canada, and Mexico generating maximum revenue from United States.
68GF Score

Get the complete analysis for XSWX:CDE

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

CHF11.97
Price
CHF7.86
GF Value