HDALF (Haidilao International Holding) Operating Income: $731 Mil (TTM As of Dec. 2025)

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HDALF Haidilao International Holding Ltd HDALF
88 GF Score
Price $1.44
GF Value $2.17
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Haidilao International Holding Operating Income?

Haidilao International Holding HDALF 88 Operating Income is $731 Mil as of Dec. 2025. GuruFocus rates HDALF with a GF Score™ of 88/100 and a GF Value™ of $2.17 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Haidilao International Holding's Operating Income for the six months ended in Dec. 2025 was $409 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $731 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Haidilao International Holding's Operating Income for the six months ended in Dec. 2025 was $409 Mil. Haidilao International Holding's Revenue for the six months ended in Dec. 2025 was $3,198 Mil. Therefore, Haidilao International Holding's Operating Margin % for the quarter that ended in Dec. 2025 was 12.78%.

Good Sign:

Haidilao International Holding Ltd operating margin is expanding. Margin expansion is usually a good sign.

Haidilao International Holding's 5-Year average Growth Rate for Operating Margin % was 34.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Haidilao International Holding's annualized ROC % for the quarter that ended in Dec. 2025 was 30.39%. Haidilao International Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 107.05%.

Haidilao International Holding  (OTCPK:HDALF) Operating Income Explanation

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

Haidilao International Holding'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 )
=817.19 * ( 1 - 28.18% )/( (1870.646 + 1991.783)/ 2 )
=586.905858/1931.2145
=30.39 %

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))
=2940.652 - 618.173 - ( 1263.581 - max(0, 1191.283 - 1643.116+1263.581))
=1870.646

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))
=3136.387 - 703.993 - ( 1310.312 - max(0, 1323.825 - 1764.436+1310.312))
=1991.783

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:

Haidilao International Holding'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 )
=937.902/( ( (846.577 + max(-434.509, 0)) + (905.691 + max(-464.089, 0)) )/ 2 )
=937.902/( ( 846.577 + 905.691 )/ 2 )
=937.902/876.134
=107.05 %

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)
=(38.472 + 125.552 + 159.249) - (618.173 + 0 + 139.609)
=-434.509

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(63.638 + 152.9 + 176.81) - (703.993 + 0 + 153.444)
=-464.089

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 %:

Haidilao International Holding'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 )
=408.595/3197.703
=12.78 %

* 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.

Haidilao International Holding Operating Income Related Terms

Haidilao International Holding Operating Income Historical Data

* Premium members only.

The historical data trend for Haidilao International Holding'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.

Haidilao International Holding Operating Income Chart

Haidilao International Holding 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 131.80 303.95 778.29 831.19 737.36

Haidilao International Holding Semi-Annual Data
Dec15 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 414.21 382.55 450.01 322.49 408.60
HDALF
88GF Score
Haidilao International Holding Ltd HDALF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Haidilao International Holding 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 $731 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 $731 Mil mean?
Haidilao International Holding (HDALF) has a Operating Income of $731 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Haidilao International Holding and its competitors.
Is Haidilao International Holding's Operating Income too high?
Haidilao International Holding's current Operating Income is $731 Mil. Overall, Haidilao International Holding has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Haidilao International Holding's Operating Income compare to MCD and SBUX?
Haidilao International Holding's Operating Income of $731 Mil can be compared against companies in the Restaurants 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 Restaurants company?
A good Operating Income depends on the Restaurants 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 Haidilao International Holding and its competitors. Haidilao International Holding's current Operating Income is $731 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haidilao International Holding stock overvalued right now?
Based on GuruFocus' analysis, Haidilao International Holding (HDALF) is currently considered Significantly Undervalued. The stock's GF Value™ is $2.17, compared to a current price of $1.44 — trading 33.8% below its estimated fair value. The current Operating Income is $731 Mil. Haidilao International Holding's overall GF Score™ is 88/100 with 1 warning sign 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 Haidilao International Holding (HDALF), the current Operating Income is $731 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 Haidilao International Holding (HDALF) Overvalued in 2026?

Based on GuruFocus' analysis, Haidilao International Holding stock appears to be undervalued. The current stock price of $1.44 is trading 33.8% below its estimated GF Value™ of $2.17. GuruFocus considers Haidilao International Holding to be Significantly Undervalued.

Key valuation signals for HDALF:

  • Operating Income: $731 Mil
  • GF Value™: $2.17 vs. price of $1.44 (33.8% below fair value)
  • GF Score™: 88/100 with 1 warning sign

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

Haidilao International Holding Business Description

Other Exchanges 06862:Hong Kong8HI:Germany
Address No. 398 Yard, Zhongdong Road, 7th Floor, No. 1 Building, Dongxiaokou Town, Changping District, Beijing, CHN, 102218
Haidilao, founded in Sichuan in 1998, is a prominent Chinese hot pot restaurant operator. Following the spinoff of its international unit Super Hi, Haidilao now focuses solely on managing restaurants in Greater China.By the end of 2024, the chain operated over 1,300 stores in Greater China, generating more than CNY 40 billion in systemwide sales, making it one of the largest restaurant operators in China. The majority of its restaurants are company-owned, with only a small fraction franchised.
88GF Score

Get the complete analysis for HDALF

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

$1.44
Price
$2.17
GF Value