FS.COM (HKSE:03355) EBIT: HK$232.5 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:03355 FS.COM Ltd HKSE:03355
19 GF Score
Price HK$31.34
! 2 Warning Signs
View Full Analysis

What is FS.COM EBIT?

FS.COM HKSE:03355 -9.21% 19 EBIT is HK$232.5 Mil as of Dec. 2025. GuruFocus rates HKSE:03355 with a GF Score™ of 19/100. The stock has 2 warning signs investors should review.

FS.COM's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was HK$232.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$232.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FS.COM's annualized ROC % for the quarter that ended in Dec. 2025 was 34.89%. FS.COM's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 58.41%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FS.COM's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1.80%.

FS.COM  (HKSE:03355) EBIT Explanation

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

FS.COM's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=1009.76 * ( 1 - 11.87% )/( (2294.61 + 2807.064)/ 2 )
=889.901488/2550.837
=34.89 %

where

Invested Capital(Q: Sep. 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))
=4067.059 - 311.595 - ( 1460.854 - max(0, 684.089 - 2418.704+1460.854))
=2294.61

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))
=4368.136 - 339.773 - ( 1728.939 - max(0, 1510.142 - 2731.441+1728.939))
=2807.064

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

FS.COM's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=929.904/( ( (1409.274 + max(364.306, 0)) + (1410.452 + max(-453.496, 0)) )/ 2 )
=929.904/( ( 1773.58 + 1410.452 )/ 2 )
=929.904/1592.016
=58.41 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(238.632 + 529.837 + 51.873) - (311.595 + 0 + 144.441)
=364.306

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(243.549 + 522.748 + 59.766) - (339.773 + 0 + 939.786)
=-453.496

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

FS.COM's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=232.476/12927.957
=1.80 %

* 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.

FS.COM EBIT Related Terms

FS.COM EBIT Historical Data

* Premium members only.

The historical data trend for FS.COM's EBIT 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.

FS.COM EBIT Chart

FS.COM Annual Data
Trend Dec22 Dec23 Dec24 Dec25
EBIT
472.80 566.47 507.27 788.09

FS.COM Quarterly Data
Dec22 Dec23 Dec24 Sep25 Dec25
EBIT 0.00 0.00 58.21 0.00 232.48

HKSE:03355 vs CSCO, MSI, HPE: EBIT Comparison

For the Communication Equipment subindustry, FS.COM's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

FS.COM EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, FS.COM's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where FS.COM's EV-to-EBIT falls into.


HKSE:03355
19GF Score
FS.COM Ltd HKSE:03355
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FS.COM EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$232.5 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 EBIT →
What does a EBIT of HK$232.5 Mil mean?
FS.COM (HKSE:03355) has a EBIT of HK$232.5 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on FS.COM.
Is FS.COM's EBIT too high?
FS.COM's current EBIT is HK$232.5 Mil. Overall, FS.COM has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does FS.COM's EBIT compare to CSCO and MSI?
FS.COM's EBIT of HK$232.5 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Hardware company?
A good EBIT depends on the Hardware industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on FS.COM. FS.COM's current EBIT is HK$232.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS.COM stock overvalued right now?
FS.COM (HKSE:03355) has a current EBIT of HK$232.5 Mil. The current EBIT is HK$232.5 Mil. FS.COM's overall GF Score™ is 19/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For FS.COM (HKSE:03355), the current EBIT is HK$232.5 Mil as of Dec. 2025. 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.

FS.COM Business Description

Address Yuehai Street, 1903-1904, Block C, China Resources Land Building, Da Chong Community, Nanshan District, Guangdong Province, Shenzhen, CHN
FS.COM Ltd operates as a DTC networking solution provider, principally engaged in the sales of optical communication products. It operates through its online platform, FS.com. The company's offerings include networking equipment, networking operating systems, and cloud-based network management platforms used in applications such as high-performance computing, data centers, enterprise networks, and telecommunications, supporting businesses' digital infrastructure needs. The majority of revenue is derived from the provision of its General networking solutions and High-performance networking solutions. Geographically, the company generates the maximum revenue from the United States.
19GF Score

Get the complete analysis for HKSE:03355

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

HK$31.34
Price