IRHO (Iron Horse Acquisitions II) Operating Income: $-0.41 Mil (TTM As of Feb. 2026)


IRHO Iron Horse Acquisitions II Corp IRHO
15 GF Score
Price $10.06
View Full Analysis

What is Iron Horse Acquisitions II Operating Income?

Iron Horse Acquisitions II IRHO 15 Operating Income is $-0.41 Mil as of Feb. 2026. GuruFocus rates IRHO with a GF Score™ of 15/100.

Iron Horse Acquisitions II's Operating Income for the three months ended in Feb. 2026 was $-0.28 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was $-0.41 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Iron Horse Acquisitions II's Operating Income for the three months ended in Feb. 2026 was $-0.28 Mil. Iron Horse Acquisitions II's Revenue for the three months ended in Feb. 2026 was $0.00 Mil. Therefore, Iron Horse Acquisitions II's Operating Margin % for the quarter that ended in Feb. 2026 was %.

Iron Horse Acquisitions II'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. Iron Horse Acquisitions II's annualized ROC % for the quarter that ended in Feb. 2026 was -0.96%. Iron Horse Acquisitions II's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was %.

Iron Horse Acquisitions II  (NAS:IRHO) Operating Income Explanation

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

Iron Horse Acquisitions II'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 )
=-1.112 * ( 1 - 0% )/( (0.64 + 231.529)/ 2 )
=-1.112/116.0845
=-0.96 %

where

Invested Capital(Q: Nov. 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))
=0.365 - 0.238 - ( 0 - max(0, 0.538 - 0.025+0))
=0.64

Invested Capital(Q: Feb. 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))
=232.425 - 0.18 - ( 0.718 - max(0, 0.18 - 0.896+0.718))
=231.529

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

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

Iron Horse Acquisitions II'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 )
=-1.112/( ( (0 + max(-0.213, 0)) + (0 + max(-0.0019999999999999, 0)) )/ 2 )
=-1.112/( ( 0 + 0 )/ 2 )
=-1.112/0
= %

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)
=(0 + 0 + 0.025) - (0.238 + 0 + 0)
=-0.213

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.178) - (0.18 + 0 + 0)
=-0.0019999999999999

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 %:

Iron Horse Acquisitions II'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 )
=-0.278/0
= %

* 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.

Iron Horse Acquisitions II Operating Income Related Terms

Iron Horse Acquisitions II Operating Income Historical Data

* Premium members only.

The historical data trend for Iron Horse Acquisitions II'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.

Iron Horse Acquisitions II Operating Income Chart

Iron Horse Acquisitions II Annual Data
Trend Nov24 Nov25
Operating Income
0.00 -0.20

Iron Horse Acquisitions II Quarterly Data
Nov24 Feb25 May25 Aug25 Nov25 Feb26
Operating Income Get a 7-Day Free Trial -0.07 -0.02 -0.07 -0.04 -0.28
IRHO
15GF Score
Iron Horse Acquisitions II Corp IRHO
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iron Horse Acquisitions II 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 $-0.41 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 $-0.41 Mil mean?
Iron Horse Acquisitions II (IRHO) has a Operating Income of $-0.41 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Iron Horse Acquisitions II and its competitors.
Is Iron Horse Acquisitions II's Operating Income too high?
Iron Horse Acquisitions II's current Operating Income is $-0.41 Mil. Overall, Iron Horse Acquisitions II has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Iron Horse Acquisitions II's Operating Income compare to GPAC and SVAQ?
Iron Horse Acquisitions II's Operating Income of $-0.41 Mil can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Operating Income depends on the Diversified Financial Services 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 Iron Horse Acquisitions II and its competitors. Iron Horse Acquisitions II's current Operating Income is $-0.41 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iron Horse Acquisitions II stock overvalued right now?
Iron Horse Acquisitions II (IRHO) has a current Operating Income of $-0.41 Mil. The current Operating Income is $-0.41 Mil. Iron Horse Acquisitions II's overall GF Score™ is 15/100. 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 Iron Horse Acquisitions II (IRHO), the current Operating Income is $-0.41 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.

Iron Horse Acquisitions II Business Description

Address 851 Broken Sound Parkway Northwest, Suite 230, Boca Raton, FL, USA, 33487
Iron Horse Acquisitions II Corp is a blank check company.
15GF Score

Get the complete analysis for IRHO

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

$10.06
Price