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Top Line Business DevelopmentPHS:TOP -0.60%5 Degree of Operating Leverage is 0.96 as of Mar. 2026. GuruFocus rates PHS:TOP with a GF Score™ of 5/100. The stock has 2 warning signs investors should review. Among 1,106 Retail - Cyclical companies, Top Line Business Development ranks better than 52.08% on this metric.
Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Top Line Business Development's Degree of Operating Leverage for the quarter that ended in Mar. 2026 was 0.96. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for Top Line Business Development's Degree of Operating Leverage or its related term are showing as below:
PHS:TOP's Degree of Operating Leverage is ranked better than 52.08% of 1106
companies
in the Retail - Cyclical industry
Industry Median: 1.14
vs PHS:TOP: 0.96
Top Line Business Development (PHS:TOP) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
Top Line Business Development Degree of Operating Leverage Related Terms
Top Line Business Development Degree of Operating Leverage Historical Data
* 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.
Top Line Business Development Degree of Operating Leverage Chart
PHS:TOP vs CASY, WSM, DKS: Degree of Operating Leverage Comparison
For the Specialty Retail subindustry, Top Line Business Development's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Top Line Business Development Degree of Operating Leverage vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Top Line Business Development's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Top Line Business Development's Degree of Operating Leverage falls into.
* 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.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Operating Leverage of 0.96 mean?
Top Line Business Development (PHS:TOP) has a Degree of Operating Leverage of 0.96 as of Mar. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Top Line Business Development and its competitors. According to the industry distribution chart, Top Line Business Development ranks #530 out of 1106 companies in the Retail - Cyclical industry, placing it in the top 47.9%.
Is Top Line Business Development's Degree of Operating Leverage too high?
Top Line Business Development's current Degree of Operating Leverage is 0.96. The Retail - Cyclical industry median Degree of Operating Leverage is 1.14. Top Line Business Development's value of 0.96 is 15.8% below this industry median. Based on the distribution chart, Top Line Business Development ranks #530 out of 1106 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Top Line Business Development has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Top Line Business Development's Degree of Operating Leverage compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Top Line Business Development ranks #530 out of 1106 companies for Degree of Operating Leverage. This puts Top Line Business Development in the upper half of its industry. The industry median Degree of Operating Leverage is 1.14. Top Line Business Development's value of 0.96 is 15.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for a Retail - Cyclical company?
The median Degree of Operating Leverage among Retail - Cyclical companies is 1.14, based on 1,106 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Top Line Business Development's current Degree of Operating Leverage of 0.96 is 15.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Top Line Business Development and its competitors. For the Retail - Cyclical industry, the median Degree of Operating Leverage is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Line Business Development's current Degree of Operating Leverage is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Line Business Development stock overvalued right now?
Top Line Business Development (PHS:TOP) has a current Degree of Operating Leverage of 0.96. The current Degree of Operating Leverage is 0.96 and 15.8% below the Retail - Cyclical industry median of 1.14. Top Line Business Development's overall GF Score™ is 5/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For Top Line Business Development (PHS:TOP), the current Degree of Operating Leverage is 0.96 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.
Top Line Business Development Business Description
Top Line Business Development Corp is providing consistent and reliable fuel solutions that power industries with efficiency and sustainability. It is mainly focused on its vertically integrated liquid fuels business, with an emphasis on the underserved Central Visayas region. The company is engaged in the business of petroleum and petroleum products, mineral oils, and other sources of energy.
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