BLHWF (Belimo Holding AG) Operating Income: $322 Mil (TTM As of Jun. 2026)

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BLHWF Belimo Holding AG BLHWF
100 GF Score
Price $1,200.00
GF Value $1,186.44
! 2 Warning Signs
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What is Belimo Holding AG Operating Income?

Belimo Holding AG BLHWF 100 Operating Income is $322 Mil as of Jun. 2026. GuruFocus rates BLHWF with a GF Score™ of 100/100 and a GF Value™ of $1,186.44. The stock has 2 warning signs investors should review.

Belimo Holding AG's Operating Income for the six months ended in Jun. 2026 was $191 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $322 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Belimo Holding AG's Operating Income for the six months ended in Jun. 2026 was $191 Mil. Belimo Holding AG's Revenue for the six months ended in Jun. 2026 was $846 Mil. Therefore, Belimo Holding AG's Operating Margin % for the quarter that ended in Jun. 2026 was 22.55%.

Good Sign:

Belimo Holding AG operating margin is expanding. Margin expansion is usually a good sign.

Belimo Holding AG's 5-Year average Growth Rate for Operating Margin % was 3.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Belimo Holding AG's annualized ROC % for the quarter that ended in Jun. 2026 was 33.99%. Belimo Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 60.53%.


Belimo Holding AG  (OTCPK:BLHWF) Operating Income Explanation

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

Belimo Holding AG's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=381.584 * ( 1 - 18.21% )/( (839.233 + 997.123)/ 2 )
=312.0975536/918.178
=33.99 %

where

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))
=1102.777 - 117.99 - ( 145.554 - max(0, 255.362 - 626.405+145.554))
=839.233

Invested Capital(Q: Jun. 2026 )
=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))
=1275.116 - 148.88 - ( 129.113 - max(0, 420.618 - 761.917+129.113))
=997.123

Note: The Operating Income data used here is two times the semi-annual (Jun. 2026) data.

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

Belimo Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=390.592/( ( (409.046 + max(225.489, 0)) + (443.763 + max(212.186, 0)) )/ 2 )
=390.592/( ( 634.535 + 655.949 )/ 2 )
=390.592/645.242
=60.53 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(194.866 + 259.767 + 26.218) - (117.99 + 0 + 137.372)
=225.489

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(289.003 + 289.378 + 54.423) - (148.88 + 0 + 271.738)
=212.186

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2026) EBIT data.

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

Belimo Holding AG's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=190.792/846.24
=22.55 %

* 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.


Belimo Holding AG Operating Income Related Terms


Belimo Holding AG Operating Income Historical Data

* Premium members only.

The historical data trend for Belimo Holding AG'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.

Belimo Holding AG Operating Income Chart

Belimo Holding AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 157.83 163.55 176.30 203.15 292.20

Belimo Holding AG Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 Premium Member Only Premium Member Only Premium Member Only 104.10 98.79 157.53 131.45 190.79
BLHWF
100GF Score
Belimo Holding AG BLHWF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Belimo Holding AG 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 Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $322 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 Operating Income →
What does a Operating Income of $322 Mil mean?
Belimo Holding AG (BLHWF) has a Operating Income of $322 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Belimo Holding AG and its competitors.
Is Belimo Holding AG's Operating Income too high?
Belimo Holding AG's current Operating Income is $322 Mil. Overall, Belimo Holding AG has a GF Score™ of 100/100, reflecting its overall financial health beyond just this single metric.
How does Belimo Holding AG's Operating Income compare to TT and JCI?
Belimo Holding AG's Operating Income of $322 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Belimo Holding AG and its competitors. Belimo Holding AG's current Operating Income is $322 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belimo Holding AG stock overvalued right now?
Belimo Holding AG (BLHWF) has a current Operating Income of $322 Mil. The stock's GF Value™ is $1,186.44, compared to a current price of $1,200.00 — trading 1.1% above its estimated fair value. The current Operating Income is $322 Mil. Belimo Holding AG's overall GF Score™ is 100/100 with 2 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 Belimo Holding AG (BLHWF), the current Operating Income is $322 Mil as of Jun. 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.

Is Belimo Holding AG (BLHWF) Overvalued in 2026?

Based on GuruFocus' analysis, Belimo Holding AG stock appears to be overvalued. The current stock price of $1,200.00 is trading 1.1% above its estimated GF Value™ of $1,186.44.

Key valuation signals for BLHWF:

  • Operating Income: $322 Mil
  • GF Value™: $1,186.44 vs. price of $1,200.00 (1.1% above fair value)
  • GF Score™: 100/100 with 2 warning signs

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


Belimo Holding AG Business Description

Address Brunnenbachstrasse 1, Hinwil, CHE, 8340
Belimo Holding AG is engaged in the development, production, and sales of field devices for the energy-efficient control of heating, ventilation, and air-conditioning system. The focus of the core business is on damper actuators, control valves, sensors, and meters, such as fire damper actuators, valve actuators, globe valves, throttle valves, duct sensors (air), and outdoor sensors (air), among others. The company, along with its subsidiaries, has four reportable operating segments: EMEA, Americas, Asia Pacific, and Shared Services. Maximum revenue for the company is generated from the Americas.
100GF Score

Get the complete analysis for BLHWF

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

$1,200.00
Price
$1,186.44
GF Value