Melia Hotels International (CHIX:MELE) Operating Income: €305 Mil (TTM As of Mar. 2026)


CHIX:MELE Melia Hotels International SA CHIX:MELE
66 GF Score
Price €11.98
GF Value €7.60
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Melia Hotels International Operating Income?

Melia Hotels International CHIX:MELE 66 Operating Income is €305 Mil as of Mar. 2026. GuruFocus rates CHIX:MELE with a GF Score™ of 66/100 and a GF Value™ of €7.60 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Melia Hotels International's Operating Income for the three months ended in Mar. 2026 was €23 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €305 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Melia Hotels International's Operating Income for the three months ended in Mar. 2026 was €23 Mil. Melia Hotels International's Revenue for the three months ended in Mar. 2026 was €462 Mil. Therefore, Melia Hotels International's Operating Margin % for the quarter that ended in Mar. 2026 was 5.00%.

Melia Hotels International's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Melia Hotels International's annualized ROC % for the quarter that ended in Mar. 2026 was 1.54%. Melia Hotels International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.39%.


Melia Hotels International  (CHIX:MELe) Operating Income Explanation

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

Melia Hotels International's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=92.4 * ( 1 - 24.44% )/( (4528.149 + 0)/ 1 )
=69.81744/4528.149
=1.54 %

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))
=4655.03 - 418.681 - ( 234.936 - max(0, 876.584 - 584.784+234.936))
=4528.149

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Melia Hotels International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=106.4/( ( (3137.011 + max(-316.032, 0)) + (0 + max(0, 0)) )/ 1 )
=106.4/( ( 3137.011 + 0 )/ 1 )
=106.4/3137.011
=3.39 %

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)
=(171.247 + 29.787 + 40.115) - (418.681 + 0 + 138.5)
=-316.032

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Melia Hotels International's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=23.1/461.7
=5.00 %

* 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.


Melia Hotels International Operating Income Related Terms


Melia Hotels International Operating Income Historical Data

* Premium members only.

The historical data trend for Melia Hotels International'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.

Melia Hotels International Operating Income Chart

Melia Hotels International 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 -208.62 154.09 245.82 313.84 315.87

Melia Hotels International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 33.70 92.17 128.00 62.17 23.10
CHIX:MELE
66GF Score
Melia Hotels International SA CHIX:MELE
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Melia Hotels International 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €305 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 €305 Mil mean?
Melia Hotels International (CHIX:MELE) has a Operating Income of €305 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Melia Hotels International and its competitors.
Is Melia Hotels International's Operating Income too high?
Melia Hotels International's current Operating Income is €305 Mil. Overall, Melia Hotels International has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Melia Hotels International's Operating Income compare to MAR and HLT?
Melia Hotels International's Operating Income of €305 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure 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 Melia Hotels International and its competitors. Melia Hotels International's current Operating Income is €305 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melia Hotels International stock overvalued right now?
Based on GuruFocus' analysis, Melia Hotels International (CHIX:MELE) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.60, compared to a current price of €11.98 — trading 57.6% above its estimated fair value. The current Operating Income is €305 Mil. Melia Hotels International's overall GF Score™ is 66/100 with 9 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 Melia Hotels International (CHIX:MELE), the current Operating Income is €305 Mil 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.

Is Melia Hotels International (CHIX:MELE) Overvalued in 2026?

Based on GuruFocus' analysis, Melia Hotels International stock appears to be overvalued. The current stock price of €11.98 is trading 57.6% above its estimated GF Value™ of €7.60. GuruFocus considers Melia Hotels International to be Significantly Overvalued.

Key valuation signals for CHIX:MELE:

  • Operating Income: €305 Mil
  • GF Value™: €7.60 vs. price of €11.98 (57.6% above fair value)
  • GF Score™: 66/100 with 9 warning signs

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


Melia Hotels International Business Description

Address Gremio Toneleros, 24, Poligono Son Castello, Palma de Mallorca, Baleares, ESP, 07009
Melia Hotels International SA is mainly engaged in tourism-related activities, specifically the management and operation of hotels owned by the Group under ownership, lease, management, or franchise arrangements, as well as activities related to vacation club operations. Its reportable segments are Hotel Business, which includes the operating activities of owned and leased hotels and additional hotel business activities such as casinos and tour operators; Hotel Management, which involves the operation of hotels under management or franchise arrangements; and Real Estate, which includes real estate development and operation. The Company operates mainly in Spain, Latin America, the rest of Europe, and Asia.
66GF Score

Get the complete analysis for CHIX:MELE

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

€11.98
Price
€7.60
GF Value