LQDT (Liquidity Services) Operating Income: $44.1 Mil (TTM As of Jun. 2026)

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LQDT Liquidity Services Inc LQDT
70 GF Score
Price $41.78
GF Value $31.16
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Liquidity Services Operating Income?

Liquidity Services LQDT +2.33% 70 Operating Income is $44.1 Mil as of Jun. 2026. GuruFocus rates LQDT with a GF Score™ of 70/100 and a GF Value™ of $31.16 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Liquidity Services's Operating Income for the three months ended in Jun. 2026 was $14.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $44.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Liquidity Services's Operating Income for the three months ended in Jun. 2026 was $14.1 Mil. Liquidity Services's Revenue for the three months ended in Jun. 2026 was $129.6 Mil. Therefore, Liquidity Services's Operating Margin % for the quarter that ended in Jun. 2026 was 10.91%.

Liquidity Services'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. Liquidity Services's annualized ROC % for the quarter that ended in Jun. 2026 was 23.93%. Liquidity Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 183.36%.


Liquidity Services  (NAS:LQDT) Operating Income Explanation

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

Liquidity Services's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=56.552 * ( 1 - 32.73% )/( (159.991 + 157.943)/ 2 )
=38.0425304/158.967
=23.93 %

where

Invested Capital(Q: Mar. 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))
=400.411 - 155.522 - ( 204.019 - max(0, 165.307 - 250.205+204.019))
=159.991

Invested Capital(Q: Jun. 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))
=420.092 - 162.477 - ( 231.099 - max(0, 171.828 - 271.5+231.099))
=157.943

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

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

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

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=56.552/( ( (31.287 + max(-117.113, 0)) + (30.397 + max(-128.137, 0)) )/ 2 )
=56.552/( ( 31.287 + 30.397 )/ 2 )
=56.552/30.842
=183.36 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.034 + 20.238 + 10.24) - (155.522 + 5.103 + 0)
=-117.113

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.47 + 15.539 + 11.18) - (162.477 + 4.849 + 0)
=-128.137

When net working capital is negative, 0 is used.

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

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

Liquidity Services's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=14.138/129.578
=10.91 %

* 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.


Liquidity Services Operating Income Related Terms


Liquidity Services Operating Income Historical Data

* Premium members only.

The historical data trend for Liquidity Services'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.

Liquidity Services Operating Income Chart

Liquidity Services Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.17 22.91 26.10 23.40 35.07

Liquidity Services Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 10.22 10.96 9.37 9.62 14.14
LQDT
70GF Score
Liquidity Services Inc LQDT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Liquidity Services 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $44.1 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 $44.1 Mil mean?
Liquidity Services (LQDT) has a Operating Income of $44.1 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Liquidity Services and its competitors.
Is Liquidity Services' Operating Income too high?
Liquidity Services' current Operating Income is $44.1 Mil. Overall, Liquidity Services has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Liquidity Services' Operating Income compare to TDUP and JMIA?
Liquidity Services' Operating Income of $44.1 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 Liquidity Services and its competitors. Liquidity Services's current Operating Income is $44.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liquidity Services stock overvalued right now?
Based on GuruFocus' analysis, Liquidity Services (LQDT) is currently considered Significantly Overvalued. The stock's GF Value™ is $31.16, compared to a current price of $41.78 — trading 34.1% above its estimated fair value. The current Operating Income is $44.1 Mil. Liquidity Services' overall GF Score™ is 70/100 with 7 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 Liquidity Services (LQDT), the current Operating Income is $44.1 Mil as of Jun. 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 Liquidity Services (LQDT) Overvalued in 2026?

Based on GuruFocus' analysis, Liquidity Services stock appears to be overvalued. The current stock price of $41.78 is trading 34.1% above its estimated GF Value™ of $31.16. GuruFocus considers Liquidity Services to be Significantly Overvalued.

Key valuation signals for LQDT:

  • Operating Income: $44.1 Mil
  • GF Value™: $31.16 vs. price of $41.78 (34.1% above fair value)
  • GF Score™: 70/100 with 7 warning signs

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


Liquidity Services Business Description

Other Exchanges L1S:Germany
Address 6931 Arlington Road, Suite 460, Bethesda, MD, USA, 20814
Liquidity Services Inc is an online auction marketplace. It manages and sells inventory and equipment for business and government clients by operating a network of e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering across different product categories. The company has four reportable segments: GovDeals, Retail Supply Chain Group (RSCG), and Machinio & Software Solutions. It generates majority of its revenue from Retail Supply Chain Group (RSCG) segment which consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. Geographically, a substantial portion the company's revenue is generated from its business in United States.
70GF Score

Get the complete analysis for LQDT

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

$41.78
Price
$31.16
GF Value