IWGFF (International Workplace Group) Operating Income: $174 Mil (TTM As of Dec. 2025)

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IWGFF International Workplace Group PLC IWGFF
65 GF Score
Price $2.71
GF Value $2.57
Valuation Fairly Valued
! 5 Warning Signs
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What is International Workplace Group Operating Income?

International Workplace Group IWGFF -0.29% 65 Operating Income is $174 Mil as of Dec. 2025. GuruFocus rates IWGFF with a GF Score™ of 65/100 and a GF Value™ of $2.57 (Fairly Valued). The stock has 5 warning signs investors should review.

International Workplace Group's Operating Income for the six months ended in Dec. 2025 was $94 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $174 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. International Workplace Group's Operating Income for the six months ended in Dec. 2025 was $94 Mil. International Workplace Group's Revenue for the six months ended in Dec. 2025 was $1,912 Mil. Therefore, International Workplace Group's Operating Margin % for the quarter that ended in Dec. 2025 was 4.92%.

International Workplace Group'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. International Workplace Group's annualized ROC % for the quarter that ended in Dec. 2025 was 0.27%. International Workplace Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 2.52%.


International Workplace Group  (OTCPK:IWGFF) Operating Income Explanation

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

International Workplace Group'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 )
=188 * ( 1 - 83.87% )/( (11865 + 10679)/ 2 )
=30.3244/11272
=0.27 %

where

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:

International Workplace Group'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 )
=156/( ( (6296 + max(-1032, 0)) + (6071 + max(-1141, 0)) )/ 2 )
=156/( ( 6296 + 6071 )/ 2 )
=156/6183.5
=2.52 %

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)
=(692 + 0 + 574) - (219 + 0 + 2079)
=-1032

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(419 + 0 + 467) - (705 + 0 + 1322)
=-1141

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 %:

International Workplace Group'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 )
=94/1912
=4.92 %

* 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.


International Workplace Group Operating Income Related Terms


International Workplace Group Operating Income Historical Data

* Premium members only.

The historical data trend for International Workplace 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.

International Workplace Group Operating Income Chart

International Workplace Group 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 -70.18 -118.00 77.00 168.00 174.00

International Workplace Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Dec22 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 0.00 76.00 92.00 80.00 94.00
IWGFF
65GF Score
International Workplace Group PLC IWGFF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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International Workplace 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $174 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 $174 Mil mean?
International Workplace Group (IWGFF) has a Operating Income of $174 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on International Workplace Group and its competitors.
Is International Workplace Group's Operating Income too high?
International Workplace Group's current Operating Income is $174 Mil. Overall, International Workplace Group has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does International Workplace Group's Operating Income compare to CBRE and BEKE?
International Workplace Group's Operating Income of $174 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 International Workplace Group and its competitors. International Workplace Group's current Operating Income is $174 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Workplace Group stock overvalued right now?
Based on GuruFocus' analysis, International Workplace Group (IWGFF) is currently considered Fairly Valued. The stock's GF Value™ is $2.57, compared to a current price of $2.71 — trading 5.5% above its estimated fair value. The current Operating Income is $174 Mil. International Workplace Group's overall GF Score™ is 65/100 with 5 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 International Workplace Group (IWGFF), the current Operating Income is $174 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 International Workplace Group (IWGFF) Overvalued in 2026?

Based on GuruFocus' analysis, International Workplace Group stock appears to be overvalued. The current stock price of $2.71 is trading 5.5% above its estimated GF Value™ of $2.57. GuruFocus considers International Workplace Group to be Fairly Valued.

Key valuation signals for IWGFF:

  • Operating Income: $174 Mil
  • GF Value™: $2.57 vs. price of $2.71 (5.5% above fair value)
  • GF Score™: 65/100 with 5 warning signs

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


International Workplace Group Business Description

Other Exchanges IWGl:UKIWG:UKIWG:Germany
Address Baarerstrasse 52, Zug, CHE, CH-6300
International Workplace Group PLC owns a network of business centers leased to various business customers and offers flexible workspace options. It owns and operates brands like Regus, Spaces, Signature, HQ, and No 18. The company operates in three principal geographical segments: the Americas; Europe, the Middle East, Africa; and Asia-Pacific. The Americas segment generates the majority proportion of revenue.
65GF Score

Get the complete analysis for IWGFF

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

$2.71
Price
$2.57
GF Value