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Blue Owl Capital (Blue Owl Capital) Operating Income : $407 Mil (TTM As of Mar. 2024)


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What is Blue Owl Capital Operating Income?

Blue Owl Capital's Operating Income for the three months ended in Mar. 2024 was $156 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $407 Mil.

Warning Sign:

Blue Owl Capital Inc has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Blue Owl Capital's Operating Income for the three months ended in Mar. 2024 was $156 Mil. Blue Owl Capital's Revenue for the three months ended in Mar. 2024 was $513 Mil. Therefore, Blue Owl Capital's Operating Margin % for the quarter that ended in Mar. 2024 was 30.31%.

Blue Owl Capital'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. Blue Owl Capital's annualized ROC % for the quarter that ended in Mar. 2024 was 6.20%. Blue Owl Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 140.99%.


Blue Owl Capital Operating Income Historical Data

The historical data trend for Blue Owl Capital'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.

* Premium members only.

Blue Owl Capital Operating Income Chart

Blue Owl Capital Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
27.37 -58.73 -927.27 -2.48 317.82

Blue Owl Capital Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 66.34 41.26 93.47 116.75 155.61

Blue Owl Capital 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 $407 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.


Blue Owl Capital  (NYSE:OWL) Operating Income Explanation

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

Blue Owl Capital'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 )
=622.424 * ( 1 - 11.65% )/( (8574.707 + 9177.5)/ 2 )
=549.911604/8876.1035
=6.20 %

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))
=8817.621 - 138.754 - ( 104.16 - max(0, 343.754 - 494.361+104.16))
=8574.707

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))
=8985.477 - 151.536 - ( 155.759 - max(0, 903.734 - 560.175+155.759))
=9177.5

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

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

Blue Owl Capital'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 )
=597.072/( ( (416.562 + max(-115.689, 0)) + (430.38 + max(-288.269, 0)) )/ 2 )
=597.072/( ( 416.562 + 430.38 )/ 2 )
=597.072/423.471
=140.99 %

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)
=(15.853 + 0 + 7.212) - (138.754 + 0 + 0)
=-115.689

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(11.386 + 0 + 9.079) - (151.536 + 0 + 157.198)
=-288.269

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 %:

Blue Owl Capital'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 )
=155.606/513.34
=30.31 %

* 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.


Blue Owl Capital Operating Income Related Terms

Thank you for viewing the detailed overview of Blue Owl Capital's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Blue Owl Capital (Blue Owl Capital) Business Description

Traded in Other Exchanges
N/A
Address
399 Park Avenue, New York, NY, USA, 10022
Blue Owl Capital Inc is an alternative asset management firm. It provides investors access to asset management capital solutions through its Direct Lending and GP Capital Solutions business segments. Its investor base includes a diversified mix of institutional investors, including public and private pension funds, endowments, foundations, family offices, private banks, high net worth individuals, asset managers and insurance companies.
Executives
Blue Pool Capital Ltd 10 percent owner 25/F HYSAN PLACE, 500 HENNESSY ROAD, CAUSEWAY BAY K3 NA
Marc Zahr director, officer: Pres. of Oak Street Div. C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 37TH FLOOR, NEW YORK NY 10022
Claudia A Holz director C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 37TH FLOOR, NEW YORK NY 10022
Augustus, Llc director C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 38TH FLOOR, NEW YORK NY 10022
Koch Industries Inc 10 percent owner 4111 EAST 37TH STREET NORTH, WICHITA KS 67220
Icq Bb Gp, Llc 10 percent owner 394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
Kevin L Beebe other: See remarks. ONE ALLIED DRIVE, LITTLE ROCK AR 72202
Co-investment Portfolio 2021, L.p. 10 percent owner 394 PACIFIC AVENUE, SECOND FLOOR, SAN FRANCISCO CA 94111
Glide Path Solutions 2021, L.p. 10 percent owner 394 PACIFIC AVENUE, SECOND FLOOR, SAN FRANCISCO CA 94111
Bb Holdings Aa Lp 10 percent owner 50 BEALE STREET, SUITE 2300, SAN FRANCISCO CA 94105
Andrew Robert Polland officer: Chief Operating Officer C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 38TH FLOOR, NEW YORK NY 10022
Andrew Charles Laurino officer: Senior Managing Director C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 38TH FLOOR, NEW YORK NY 10022
Andrew Steven Komaroff director C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 38TH FLOOR, NEW YORK NY 10022
Junot Foradada officer: Chief Accounting Officer C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 38TH FLOOR, NEW YORK NY 10022
Dana Weeks Ugwonali director C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 37TH FLOOR, NEW YORK NY 10022