Bridger Aerospace Group Holdings (Bridger Aerospace Group Holdings) Operating Income : $-32.69 Mil (TTM As of Mar. 2024)

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What is Bridger Aerospace Group Holdings Operating Income?

Bridger Aerospace Group Holdings's Operating Income for the three months ended in Mar. 2024 was $-15.31 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-32.69 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bridger Aerospace Group Holdings's Operating Income for the three months ended in Mar. 2024 was $-15.31 Mil. Bridger Aerospace Group Holdings's Revenue for the three months ended in Mar. 2024 was $5.51 Mil. Therefore, Bridger Aerospace Group Holdings's Operating Margin % for the quarter that ended in Mar. 2024 was -277.99%.

Bridger Aerospace Group Holdings'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. Bridger Aerospace Group Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -26.42%. Bridger Aerospace Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -27.64%.

Bridger Aerospace Group Holdings Operating Income Historical Data

The historical data trend for Bridger Aerospace Group Holdings'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.

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Bridger Aerospace Group Holdings Operating Income Chart

Bridger Aerospace Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Operating Income

-8.86

1.59

-22.63

-57.50

Bridger Aerospace Group Holdings Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Operating Income	Get a 7-Day Free Trial							-40.11	-14.08	22.58	-25.89	-15.31

Bridger Aerospace Group Holdings 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-32.69 Mil.

Bridger Aerospace Group Holdings (NAS:BAER) Operating Income Explanation

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

Bridger Aerospace Group Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-61.236 * ( 1 - -0.07% )	/	( (232.527	+	231.405)	/ 2 )
=	-61.2788652	/	231.966
=	-26.42 %

where

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	273.47	-	21.146	-	( 23.965	-	max(0, 25.398	-	45.195	+	23.965	))
=	232.527

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	252.431	-	15.887	-	( 6.776	-	max(0, 20.068	-	25.207	+	6.776	))
=	231.405

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Bridger Aerospace Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-56.6	/	( ( (204.153 + max(-3.348, 0))	+	(203.055 + max(2.282, 0)) )	/	2 )
=	-56.6	/	( ( 204.153	+	205.337 )	/	2 )
=	-56.6	/	204.745
=	-27.64 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.681	+	0	+	17.117)	-	(21.146	+	0	+	0)
=	-3.348

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4.664	+	0	+	13.505)	-	(15.887	+	0	+	0)
=	2.282

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Bridger Aerospace Group Holdings's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	-15.309	/	5.507
	=	-277.99 %

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.

Bridger Aerospace Group Holdings Operating Income Related Terms

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Bridger Aerospace Group Holdings (Bridger Aerospace Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Bridger Aerospace Group Holdings Inc (NAS:BAER) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

90 Aviation Lane, Belgrade, MT, USA, 59714

Website

https://www.bridgeraerospace.com

Bridger Aerospace Group Holdings Inc operates as an aerial firefighting company. It provides aerial wildfire surveillance, relief and suppression, and aerial firefighting services using next-generation technology and environmentally friendly and sustainable firefighting methods. Bridger Aerospace provides aerial firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service, across the nation.

Executives

Anne Hayes	director	6436 31ST STREET NW, WASHINGTON DC 20015
Thomas Jermoluk	10 percent owner	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Ksh Capital Lp	10 percent owner	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Jcic Sponsor Llc	10 percent owner	386 PARK AVENUE SOUTH, FL 20, NEW YORK NY 10016
Debra Coleman	director	C/O FORTRESS CAPITAL ACQUISITION CORP., 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Jpmorgan Chase Funding Inc.	10 percent owner	383 MADISON AVENUE, NEW YORK NY 10179
Grannus Holdings Manager - Nq Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Family Tactical Opportunities Investment Partnership Iii - Nq - Esc L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bto Grannus Holdings Iv - Nq Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Howard Hugh Wyman Iii	director	1209 ORANGE STREET, C/O ZERO ONE GROUP, WILMINGTON DE 19801
Dean Heller	director	195 HUDSON AURORA ROAD, SMITH NV 89430
Todd J Hirsch	director	345 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10154
Timothy P Sheehy	director, 10 percent owner, officer: CEO & Co-Founder	90 AVIATION LANE, BELGRADE MT 59714
James J Muchmore	officer: Chief Legal Officer & EVP	90 AVIATION LANE, BELGRADE MT 59714