FRLSY (Fourlis Holdings) Operating Income: $16.64 Mil (TTM As of Dec. 2025)


What is Fourlis Holdings Operating Income?

Fourlis Holdings FRLSY 76 Operating Income is $16.64 Mil as of Dec. 2025. GuruFocus rates FRLSY with a GF Score™ of 76/100. The stock has 10 warning signs investors should review.

Fourlis Holdings's Operating Income for the six months ended in Dec. 2025 was $19.62 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $16.64 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fourlis Holdings's Operating Income for the six months ended in Dec. 2025 was $19.62 Mil. Fourlis Holdings's Revenue for the six months ended in Dec. 2025 was $386.05 Mil. Therefore, Fourlis Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 5.08%.

Warning Sign:

Fourlis Holdings SA operating margin has been in a 5-year decline. The average rate of decline per year is -7.5%.

Fourlis Holdings's 5-Year average Growth Rate for Operating Margin % was -7.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fourlis Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 3.34%. Fourlis Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.44%.

Fourlis Holdings  (OTCPK:FRLSY) Operating Income Explanation

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

Fourlis Holdings'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 )
=39.232 * ( 1 - 22.95% )/( (860.361 + 952.25)/ 2 )
=30.228256/906.3055
=3.34 %

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))
=1032.987 - 162.858 - ( 58.909 - max(0, 229.204 - 238.972+58.909))
=860.361

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))
=1068.664 - 137.265 - ( 50.635 - max(0, 263.465 - 242.614+50.635))
=952.25

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:

Fourlis Holdings'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 )
=85.896/( ( (539.43 + max(-8.679, 0)) + (552.74 + max(20.398, 0)) )/ 2 )
=85.896/( ( 539.43 + 573.138 )/ 2 )
=85.896/556.284
=15.44 %

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)
=(6.588 + 146.678 + 0.91300000000001) - (162.858 + 0 + 0)
=-8.679

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.102 + 162.423 + 10.715) - (137.265 + 0 + 20.577)
=20.398

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 %:

Fourlis Holdings'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 )
=19.616/386.046
=5.08 %

* 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.

Fourlis Holdings Operating Income Related Terms

Fourlis Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Fourlis Holdings'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.

Fourlis Holdings Operating Income Chart

Fourlis Holdings 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 28.91 25.89 8.57 10.23 16.60

Fourlis Holdings 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 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 -1.88 -1.71 11.89 -2.97 19.62

Fourlis Holdings 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 $16.64 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 $16.64 Mil mean?
Fourlis Holdings (FRLSY) has a Operating Income of $16.64 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fourlis Holdings and its competitors.
Is Fourlis Holdings' Operating Income too high?
Fourlis Holdings' current Operating Income is $16.64 Mil. Overall, Fourlis Holdings has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Fourlis Holdings' Operating Income compare to CASY and WSM?
Fourlis Holdings' Operating Income of $16.64 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 Fourlis Holdings and its competitors. Fourlis Holdings's current Operating Income is $16.64 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fourlis Holdings stock overvalued right now?
Fourlis Holdings (FRLSY) has a current Operating Income of $16.64 Mil. The current Operating Income is $16.64 Mil. Fourlis Holdings' overall GF Score™ is 76/100 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 Fourlis Holdings (FRLSY), the current Operating Income is $16.64 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.

Fourlis Holdings Business Description

Address 25 Ermou Street, PO-14564, Kifissia, Athens, GRC, 14564
Fourlis Holdings SA operates in the retail sale of household equipment and furniture (IKEA stores) and in the retail sale of sport items (INTERSPORT & FOOT LOCKER stores). Its brands include IKEA, INTERSPORT, Foot Locker, and Holland & Barrett. The Group is active in the following two operating segments: Retail Trading of Home Furniture and Household Goods (IKEA stores) and Retail Trading of Sporting Goods (INTERSPORT and FOOT LOCKER stores).