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.
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.
Man Group's Operating Income for the
six
months ended in Dec. 2025 was £145 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was £226 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. Man Group's Operating Income for the
six
months ended in Dec. 2025 was £145 Mil. Man Group's Revenue for the
six
months ended in Dec. 2025 was £598 Mil. Therefore, Man Group's Operating Margin % for the quarter that ended in Dec. 2025 was 24.22%.
Warning Sign:
Man Group PLC operating margin has been in a 5-year decline. The average rate of decline per year is -4.4%.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Man Group's annualizedROC % for the quarter that ended in Dec. 2025 was 6.49%.
Man Group's annualizedROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 241.99%.
Man Group (CHIX:EMGl) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Man Group's annualizedROC % for the quarter that ended in Dec. 2025 is calculated as:
* 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.
Man Group Operating Income Related Terms
Man Group Operating Income Historical Data
* Premium members only.
The historical data trend for Man Group'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.
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 £226 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.
Man Group (CHIX:EMGL) has a Operating Income of £226 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Man Group and its competitors.
Is Man Group's Operating Income too high?
Man Group's current Operating Income is £226 Mil. Overall, Man Group has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Man Group's Operating Income compare to BLK and BX?
Man Group's Operating Income of £226 Mil can be compared against companies in the Asset Management 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 an Asset Management company?
A good Operating Income depends on the Asset Management 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 Man Group and its competitors. Man Group's current Operating Income is £226 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Man Group stock overvalued right now?
Based on GuruFocus' analysis, Man Group (CHIX:EMGL) is currently considered Modestly Overvalued. The stock's GF Value™ is £2.36, compared to a current price of £2.96 — trading 25.3% above its estimated fair value. The current Operating Income is £226 Mil. Man Group's overall GF Score™ is 84/100 with 10 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 Man Group (CHIX:EMGL), the current Operating Income is £226 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 Man Group (CHIX:EMGL) Overvalued in 2026?
Based on GuruFocus' analysis, Man Group stock appears to be overvalued.
The current stock price of £2.96 is trading 25.3% above its estimated GF Value™ of £2.36.
GuruFocus considers Man Group to be Modestly Overvalued.
Key valuation signals for CHIX:EMGL:
Operating Income: £226 Mil
GF Value™: £2.36 vs. price of £2.96 (25.3% above fair value)
No single metric tells the full story. See the CHIX:EMGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Man Group PLC is an investment management firm. It provides a diverse range of alternative and traditional quantitative investment strategies to a predominantly institutional client base. It invests across a diverse range of strategies and asset classes, with a mix of long-only and alternative strategies run on a discretionary and quantitative basis, across liquid and private markets. The company earns the majority of its revenue in the form of Management fee which is charged as a percentage of assets under management or net asset value, and a performance fee, which is charged as a percentage of investment performance above a benchmark return.
84GF Score
Get the complete analysis for CHIX:EMGL
Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:EMGL has been successfully added to your 
