GFELF (Goodfellow) Operating Income: $323.3 Mil (TTM As of Feb. 2026)


GFELF Goodfellow Inc GFELF
68 GF Score
Price $8.40
GF Value $8.64
Valuation Fairly Valued
! 4 Warning Signs
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What is Goodfellow Operating Income?

Goodfellow GFELF 68 Operating Income is $323.3 Mil as of Feb. 2026. GuruFocus rates GFELF with a GF Score™ of 68/100 and a GF Value™ of $8.64 (Fairly Valued). The stock has 4 warning signs investors should review.

Goodfellow's Operating Income for the three months ended in Feb. 2026 was $-2.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was $323.3 Mil.

Warning Sign:

Goodfellow Inc has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Goodfellow's Operating Income for the three months ended in Feb. 2026 was $-2.6 Mil. Goodfellow's Revenue for the three months ended in Feb. 2026 was $79.7 Mil. Therefore, Goodfellow's Operating Margin % for the quarter that ended in Feb. 2026 was -3.23%.

Good Sign:

Goodfellow Inc operating margin is expanding. Margin expansion is usually a good sign.

Goodfellow's 5-Year average Growth Rate for Operating Margin % was 80.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Goodfellow's annualized ROC % for the quarter that ended in Feb. 2026 was -3.97%. Goodfellow's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was -6.50%.


Goodfellow  (OTCPK:GFELF) Operating Income Explanation

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

Goodfellow's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=-10.296 * ( 1 - 27.99% )/( (176.808 + 197.16)/ 2 )
=-7.4141496/186.984
=-3.97 %

where

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

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

Goodfellow's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-10.84/( ( (44.059 + max(113.211, 0)) + (44.411 + max(131.828, 0)) )/ 2 )
=-10.84/( ( 157.27 + 176.239 )/ 2 )
=-10.84/166.7545
=-6.50 %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38.938 + 102.792 + 2.253) - (30.328 + 0 + 0.444)
=113.211

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(46.475 + 121.025 + 3.832) - (39.046 + 0 + 0.45800000000001)
=131.828

When net working capital is negative, 0 is used.

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

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

Goodfellow's Operating Margin % for the quarter that ended in Feb. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=-2.574/79.667
=-3.23 %

* 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.


Goodfellow Operating Income Related Terms


Goodfellow Operating Income Historical Data

* Premium members only.

The historical data trend for Goodfellow'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.

Goodfellow Operating Income Chart

Goodfellow Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.35 35.61 16.43 311.71 324.06

Goodfellow Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -1.65 3.34 4.67 317.86 -2.57
GFELF
68GF Score
Goodfellow Inc GFELF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Goodfellow 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 Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $323.3 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 $323.3 Mil mean?
Goodfellow (GFELF) has a Operating Income of $323.3 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Goodfellow and its competitors.
Is Goodfellow's Operating Income too high?
Goodfellow's current Operating Income is $323.3 Mil. Overall, Goodfellow has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Goodfellow's Operating Income compare to SSD and UFPI?
Goodfellow's Operating Income of $323.3 Mil can be compared against companies in the Forest Products 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 Forest Products company?
A good Operating Income depends on the Forest Products 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 Goodfellow and its competitors. Goodfellow's current Operating Income is $323.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodfellow stock overvalued right now?
Based on GuruFocus' analysis, Goodfellow (GFELF) is currently considered Fairly Valued. The stock's GF Value™ is $8.64, compared to a current price of $8.40 — trading 2.8% below its estimated fair value. The current Operating Income is $323.3 Mil. Goodfellow's overall GF Score™ is 68/100 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 Goodfellow (GFELF), the current Operating Income is $323.3 Mil as of Feb. 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 Goodfellow (GFELF) Overvalued in 2026?

Based on GuruFocus' analysis, Goodfellow stock appears to be undervalued. The current stock price of $8.40 is trading 2.8% below its estimated GF Value™ of $8.64. GuruFocus considers Goodfellow to be Fairly Valued.

Key valuation signals for GFELF:

  • Operating Income: $323.3 Mil
  • GF Value™: $8.64 vs. price of $8.40 (2.8% below fair value)
  • GF Score™: 68/100 with 4 warning signs

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


Goodfellow Business Description

Other Exchanges GDL:Canada
Address 225 Goodfellow Street, Delson, QC, CAN, J5B 1V5
Goodfellow Inc is engaged in various business activities related to the remanufacturing and distribution of lumber and wood products. The company manages its operations under one operating segment i.e. sale of Lumber, Specialty and commodity panels, Flooring, and Building materials. The majority of the company's revenue is generated from the sale of Lumber. The company operates in Canada and the United States; the majority of its revenue is generated from Canada.
68GF Score

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

$8.40
Price
$8.64
GF Value