Mekdam Holding Group (DSMD:MKDM) Operating Income: ر.ق45.2 Mil (TTM As of Mar. 2026)

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DSMD:MKDM Mekdam Holding Group DSMD:MKDM
82 GF Score
Price ر.ق2.15
GF Value ر.ق3.23
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Mekdam Holding Group Operating Income?

Mekdam Holding Group DSMD:MKDM -0.09% 82 Operating Income is ر.ق45.2 Mil as of Mar. 2026. GuruFocus rates DSMD:MKDM with a GF Score™ of 82/100 and a GF Value™ of ر.ق3.23 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Mekdam Holding Group's Operating Income for the three months ended in Mar. 2026 was ر.ق9.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ر.ق45.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mekdam Holding Group's Operating Income for the three months ended in Mar. 2026 was ر.ق9.5 Mil. Mekdam Holding Group's Revenue for the three months ended in Mar. 2026 was ر.ق174.8 Mil. Therefore, Mekdam Holding Group's Operating Margin % for the quarter that ended in Mar. 2026 was 5.45%.

Warning Sign:

Mekdam Holding Group operating margin has been in a 5-year decline. The average rate of decline per year is -15.1%.

Mekdam Holding Group's 5-Year average Growth Rate for Operating Margin % was -15.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mekdam Holding Group's annualized ROC % for the quarter that ended in Mar. 2026 was 9.05%. Mekdam Holding Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 53.56%.

Mekdam Holding Group  (DSMD:MKDM) Operating Income Explanation

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

Mekdam Holding Group'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 )
=38.104 * ( 1 - 0% )/( (413.425 + 428.249)/ 2 )
=38.104/420.837
=9.05 %

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))
=565.497 - 120.635 - ( 31.437 - max(0, 263.809 - 459.702+31.437))
=413.425

Invested Capital(Q: Mar. 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))
=589.045 - 115.708 - ( 45.088 - max(0, 300.44 - 477.76+45.088))
=428.249

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

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

Mekdam Holding Group'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 )
=38.104/( ( (54.215 + max(22.184, 0)) + (57.894 + max(7.982, 0)) )/ 2 )
=38.104/( ( 76.399 + 65.876 )/ 2 )
=38.104/71.1375
=53.56 %

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)
=(144.868 + 15.834 + 64.368) - (120.635 + 0 + 82.251)
=22.184

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(139.401 + 21.574 + 65.484) - (115.708 + 0 + 102.769)
=7.982

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 %:

Mekdam Holding Group'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 )
=9.526/174.79
=5.45 %

* 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.

Mekdam Holding Group Operating Income Related Terms

Mekdam Holding Group Operating Income Historical Data

* Premium members only.

The historical data trend for Mekdam Holding 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.

Mekdam Holding Group Operating Income Chart

Mekdam Holding Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 32.83 38.92 44.87 42.96 47.36

Mekdam Holding Group 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 11.68 8.22 10.12 17.34 9.53
DSMD:MKDM
82GF Score
Mekdam Holding Group DSMD:MKDM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Mekdam Holding Group 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 ر.ق45.2 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 ر.ق45.2 Mil mean?
Mekdam Holding Group (DSMD:MKDM) has a Operating Income of ر.ق45.2 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mekdam Holding Group and its competitors.
Is Mekdam Holding Group's Operating Income too high?
Mekdam Holding Group's current Operating Income is ر.ق45.2 Mil. Overall, Mekdam Holding Group has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mekdam Holding Group's Operating Income compare to IBM and ACN?
Mekdam Holding Group's Operating Income of ر.ق45.2 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 Mekdam Holding Group and its competitors. Mekdam Holding Group's current Operating Income is ر.ق45.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mekdam Holding Group stock overvalued right now?
Based on GuruFocus' analysis, Mekdam Holding Group (DSMD:MKDM) is currently considered Significantly Undervalued. The stock's GF Value™ is ر.ق3.23, compared to a current price of ر.ق2.15 — trading 33.4% below its estimated fair value. The current Operating Income is ر.ق45.2 Mil. Mekdam Holding Group's overall GF Score™ is 82/100 with 4 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 Mekdam Holding Group (DSMD:MKDM), the current Operating Income is ر.ق45.2 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 Mekdam Holding Group (DSMD:MKDM) Overvalued in 2026?

Based on GuruFocus' analysis, Mekdam Holding Group stock appears to be undervalued. The current stock price of ر.ق2.15 is trading 33.4% below its estimated GF Value™ of ر.ق3.23. GuruFocus considers Mekdam Holding Group to be Significantly Undervalued.

Key valuation signals for DSMD:MKDM:

  • Operating Income: ر.ق45.2 Mil
  • GF Value™: ر.ق3.23 vs. price of ر.ق2.15 (33.4% below fair value)
  • GF Score™: 82/100 with 4 warning signs

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

Mekdam Holding Group Business Description

Address Block E1, Zone 55, Salwa Road, P.O. Box 17654, Al Waab Complex, Doha, QAT
Mekdam Holding Group is a Qatar-based group operating across different industries such as IT & Communication Technology, Engineering, Procurement & Construction (EPC), Consultancy, Oil & Gas, Trading, Logistics, and MEP, through its subsidiaries. The group's reportable segments are: Technology, Technical Services, Centralized Alarm Monitoring System (CAMS), and Others. Maximum revenue is generated from the Technology segment, which comprises its subsidiaries offering solutions related to information technology, audio and visuals, operations and maintenance, security, education, and other domains.
82GF Score

Get the complete analysis for DSMD:MKDM

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

ر.ق2.15
Price
ر.ق3.23
GF Value