Siemens Energy AG (XSWX:ENR) Operating Income: CHF2,418 Mil (TTM As of Mar. 2026)

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XSWX:ENR Siemens Energy AG XSWX:ENR
40 GF Score
Price CHF142.22
GF Value CHF53.41
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Siemens Energy AG Operating Income?

Siemens Energy AG XSWX:ENR 40 Operating Income is CHF2,418 Mil as of Mar. 2026. GuruFocus rates XSWX:ENR with a GF Score™ of 40/100 and a GF Value™ of CHF53.41 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Siemens Energy AG's Operating Income for the three months ended in Mar. 2026 was CHF946 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was CHF2,418 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Siemens Energy AG's Operating Income for the three months ended in Mar. 2026 was CHF946 Mil. Siemens Energy AG's Revenue for the three months ended in Mar. 2026 was CHF9,369 Mil. Therefore, Siemens Energy AG's Operating Margin % for the quarter that ended in Mar. 2026 was 10.09%.

Siemens Energy AG'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. Siemens Energy AG's annualized ROC % for the quarter that ended in Mar. 2026 was 5.32%. Siemens Energy AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 62.74%.


Siemens Energy AG  (XSWX:ENR) Operating Income Explanation

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

Siemens Energy AG'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 )
=3782.68 * ( 1 - 25.11% )/( (52861.345 + 53601.022)/ 2 )
=2832.849052/53231.1835
=5.32 %

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))
=56166.52 - 6215.633 - ( 12250.238 - max(0, 38406.101 - 35495.643+12250.238))
=52861.345

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))
=56304.237 - 6170.976 - ( 11933.284 - max(0, 39375.922 - 35908.161+11933.284))
=53601.022

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

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

Siemens Energy AG'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 )
=4245.048/( ( (6761.519 + max(-17918.12, 0)) + (6770.78 + max(-18765.046, 0)) )/ 2 )
=4245.048/( ( 6761.519 + 6770.78 )/ 2 )
=4245.048/6766.1495
=62.74 %

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)
=(7438.044 + 10313.043 + 1425.835) - (6215.633 + 0 + 30879.409)
=-17918.12

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7497.098 + 10382.348 + 1602.815) - (6170.976 + 0 + 32076.331)
=-18765.046

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 %:

Siemens Energy AG'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 )
=945.67/9369.325
=10.09 %

* 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.


Siemens Energy AG Operating Income Related Terms


Siemens Energy AG Operating Income Historical Data

* Premium members only.

The historical data trend for Siemens Energy AG'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.

Siemens Energy AG Operating Income Chart

Siemens Energy AG Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only -445.12 -653.36 -3,206.69 -80.87 1,466.06

Siemens Energy AG 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 514.88 391.12 259.76 821.16 945.67
XSWX:ENR
40GF Score
Siemens Energy AG XSWX:ENR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Siemens Energy AG 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 CHF2,418 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 CHF2,418 Mil mean?
Siemens Energy AG (XSWX:ENR) has a Operating Income of CHF2,418 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Siemens Energy AG and its competitors.
Is Siemens Energy AG's Operating Income too high?
Siemens Energy AG's current Operating Income is CHF2,418 Mil. Overall, Siemens Energy AG has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Siemens Energy AG's Operating Income compare to GEV and ETN?
Siemens Energy AG's Operating Income of CHF2,418 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Operating Income depends on the Industrial Products 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 Siemens Energy AG and its competitors. Siemens Energy AG's current Operating Income is CHF2,418 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siemens Energy AG stock overvalued right now?
Based on GuruFocus' analysis, Siemens Energy AG (XSWX:ENR) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF53.41, compared to a current price of CHF142.22 — trading 166.3% above its estimated fair value. The current Operating Income is CHF2,418 Mil. Siemens Energy AG's overall GF Score™ is 40/100 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 Siemens Energy AG (XSWX:ENR), the current Operating Income is CHF2,418 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 Siemens Energy AG (XSWX:ENR) Overvalued in 2026?

Based on GuruFocus' analysis, Siemens Energy AG stock appears to be overvalued. The current stock price of CHF142.22 is trading 166.3% above its estimated GF Value™ of CHF53.41. GuruFocus considers Siemens Energy AG to be Significantly Overvalued.

Key valuation signals for XSWX:ENR:

  • Operating Income: CHF2,418 Mil
  • GF Value™: CHF53.41 vs. price of CHF142.22 (166.3% above fair value)
  • GF Score™: 40/100 with 2 warning signs

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


Siemens Energy AG Business Description

Address Otto-Hahn-Ring 6, Munich, BY, DEU, 81739
Siemens Energy manufactures a wide range of equipment used to generate and transmit energy. The group is a product of the spinout from Siemens in 2020, consisting of the power and gas segment and Siemens Gamesa, although its operations go back over 150 years. Approximately one-sixth of global electricity generation is based on its technology.
40GF Score

Get the complete analysis for XSWX:ENR

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

CHF142.22
Price
CHF53.41
GF Value