ALAVF (Alliance Aviation Services) Operating Income: $38.9 Mil (TTM As of Dec. 2025)

What is Alliance Aviation Services Operating Income?

Alliance Aviation Services ALAVF -18.85% 52 Operating Income is $38.9 Mil as of Dec. 2025. GuruFocus rates ALAVF with a GF Score™ of 52/100 and a GF Value™ of $2.53 (Possible Value Trap). The stock has 7 warning signs investors should review.

Alliance Aviation Services's Operating Income for the six months ended in Dec. 2025 was $2.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $38.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Alliance Aviation Services's Operating Income for the six months ended in Dec. 2025 was $2.3 Mil. Alliance Aviation Services's Revenue for the six months ended in Dec. 2025 was $235.5 Mil. Therefore, Alliance Aviation Services's Operating Margin % for the quarter that ended in Dec. 2025 was 0.98%.

Good Sign:

Alliance Aviation Services Ltd operating margin is expanding. Margin expansion is usually a good sign.

Alliance Aviation Services's 5-Year average Growth Rate for Operating Margin % was 1.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alliance Aviation Services's annualized ROC % for the quarter that ended in Dec. 2025 was 0.51%. Alliance Aviation Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -28.44%.

Alliance Aviation Services (OTCPK:ALAVF) Operating Income Explanation

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

Alliance Aviation Services'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: Jun. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	4.628 * ( 1 - 29.96% )	/	( (667.504	+	614.453)	/ 2 )
=	3.2414512	/	640.9785
=	0.51 %

where

	Invested Capital		(Q: Jun. 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	))
=	784.578	-	54.256	-	( 62.818	-	max(0, 81.292	-	174.932	+	62.818	))
=	667.504

	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	))
=	715.007	-	61.733	-	( 38.821	-	max(0, 89.261	-	166.116	+	38.821	))
=	614.453

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Alliance Aviation Services'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: Jun. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-177.554	/	( ( (609.576 + max(41.233, 0))	+	(548.891 + max(48.738, 0)) )	/	2 )
=	-177.554	/	( ( 650.809	+	597.629 )	/	2 )
=	-177.554	/	624.219
=	-28.44 %

where Working Capital is:

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(55.768	+	56.345	+	0.0010000000000048)	-	(54.256	+	0	+	16.625)
=	41.233

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(57.709	+	69.585	+	0.0010000000000048)	-	(61.733	+	0	+	16.824)
=	48.738

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Alliance Aviation Services's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2025 )	/	Revenue (Q: Dec. 2025 )
	=	2.314	/	235.451
	=	0.98 %

* 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.

Alliance Aviation Services Operating Income Related Terms

Alliance Aviation Services Operating Income Historical Data

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The historical data trend for Alliance Aviation Services's Operating Income can be seen below:

Alliance Aviation Services Operating Income Chart

Alliance Aviation Services Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

Operating Income

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40.53

7.63

37.43

63.47

69.33

Alliance Aviation Services Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Operating Income	Get a 7-Day Free Trial															26.78	36.91	31.81	36.63	2.31

52GF Score

Alliance Aviation Services Ltd ALAVF

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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Alliance Aviation Services 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $38.9 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $38.9 Mil mean?

Alliance Aviation Services (ALAVF) has a Operating Income of $38.9 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Alliance Aviation Services and its competitors.

Is Alliance Aviation Services' Operating Income too high?

Alliance Aviation Services' current Operating Income is $38.9 Mil. Overall, Alliance Aviation Services has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Alliance Aviation Services' Operating Income compare to JOBY?

Alliance Aviation Services' Operating Income of $38.9 Mil can be compared against companies in the Transportation 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 a Transportation company?

A good Operating Income depends on the Transportation 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 Alliance Aviation Services and its competitors. Alliance Aviation Services's current Operating Income is $38.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Alliance Aviation Services stock overvalued right now?

Based on GuruFocus' analysis, Alliance Aviation Services (ALAVF) is currently considered Possible Value Trap. The stock's GF Value™ is $2.53, compared to a current price of $0.37 — trading 85.2% below its estimated fair value. The current Operating Income is $38.9 Mil. Alliance Aviation Services' overall GF Score™ is 52/100 with 7 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 Alliance Aviation Services (ALAVF), the current Operating Income is $38.9 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.

Is Alliance Aviation Services (ALAVF) Overvalued in 2026?

Based on GuruFocus' analysis, Alliance Aviation Services stock appears to be undervalued. The current stock price of $0.37 is trading 85.2% below its estimated GF Value™ of $2.53. GuruFocus considers Alliance Aviation Services to be Possible Value Trap.

Key valuation signals for ALAVF:

Operating Income: $38.9 Mil
GF Value™: $2.53 vs. price of $0.37 (85.2% below fair value)
GF Score™: 52/100 with 7 warning signs

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

Alliance Aviation Services Business Description

Industry Industrials Transportation

Comparable Companies ASX:BWN ASX:PRG ASX:WWG ASX:ODA ASX:CLX ASX:LAU ASX:SST XMAD:AENA BKK:AOT MEX:GAPB XPAR:ADP BOM:532754 XSWX:FHZN MEX:ASURB JOBY SHSE:600009 NZSE:AIA XTER:FRA OCSE:KBHL HSTC:ACV

Other Exchanges AQZ:Australia

Address 81 Pandanus Avenue, P.O. Box 1126, Brisbane Airport, Brisbane, QLD, AUS, 4009

Website https://www.allianceairlines.com.au

Alliance Aviation Services Ltd is an aviation services provider. The company is engaged in the provision of contract, charter, and allied aviation services to both the resource industry and airlines, both domestically and internationally. The group also provides specialised aviation services to airlines and clients, including aircraft dry leasing, airport management, aircraft trading, part sales, engine leasing, and engineering services.

52GF Score

Get the complete analysis for ALAVF

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

$0.37

Price

$2.53

GF Value

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