Goodwin (LSE:GDWN) Operating Income: £56.0 Mil (TTM As of Oct. 2025)


LSE:GDWN Goodwin PLC LSE:GDWN
72 GF Score
Price £176.40
GF Value £92.22
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Goodwin Operating Income?

Goodwin LSE:GDWN +2.08% 72 Operating Income is £56.0 Mil as of Oct. 2025. GuruFocus rates LSE:GDWN with a GF Score™ of 72/100 and a GF Value™ of £92.22 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Goodwin's Operating Income for the six months ended in Oct. 2025 was £37.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Oct. 2025 was £56.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Goodwin's Operating Income for the six months ended in Oct. 2025 was £37.2 Mil. Goodwin's Revenue for the six months ended in Oct. 2025 was £135.6 Mil. Therefore, Goodwin's Operating Margin % for the quarter that ended in Oct. 2025 was 27.40%.

Good Sign:

Goodwin PLC operating margin is expanding. Margin expansion is usually a good sign.

Goodwin's 5-Year average Growth Rate for Operating Margin % was 10.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Goodwin's annualized ROC % for the quarter that ended in Oct. 2025 was 25.15%. Goodwin's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 was 56.90%.


Goodwin  (LSE:GDWN) Operating Income Explanation

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

Goodwin's annualized ROC % for the quarter that ended in Oct. 2025 is calculated as:

ROC % (Q: Oct. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2025 ) + Invested Capital (Q: Oct. 2025 ))/ count )
=74.326 * ( 1 - 25.32% )/( (242.168 + 199.269)/ 2 )
=55.5066568/220.7185
=25.15 %

where

Note: The Operating Income data used here is two times the semi-annual (Oct. 2025) data.

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

Goodwin's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2025  Q: Oct. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=74.706/( ( (122.887 + max(12.23, 0)) + (127.477 + max(-39.025, 0)) )/ 2 )
=74.706/( ( 135.117 + 127.477 )/ 2 )
=74.706/131.297
=56.90 %

where Working Capital is:

Working Capital(Q: Apr. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.931 + 39.096 + 10.683) - (25.245 + 0 + 48.235)
=12.23

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34.832 + 43.297 + 3.109) - (83.984 + 0 + 36.279)
=-39.025

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Oct. 2025) EBIT data.

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

Goodwin's Operating Margin % for the quarter that ended in Oct. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Oct. 2025 )/Revenue (Q: Oct. 2025 )
=37.163/135.608
=27.40 %

* 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.


Goodwin Operating Income Related Terms


Goodwin Operating Income Historical Data

* Premium members only.

The historical data trend for Goodwin'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.

Goodwin Operating Income Chart

Goodwin Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.33 18.31 20.31 26.90 37.11

Goodwin Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 12.52 14.38 18.23 18.89 37.16
LSE:GDWN
72GF Score
Goodwin PLC LSE:GDWN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Goodwin 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 Oct. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was £56.0 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 £56.0 Mil mean?
Goodwin (LSE:GDWN) has a Operating Income of £56.0 Mil as of Oct. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Goodwin and its competitors.
Is Goodwin's Operating Income too high?
Goodwin's current Operating Income is £56.0 Mil. Overall, Goodwin has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Goodwin's Operating Income compare to GEV and ETN?
Goodwin's Operating Income of £56.0 Mil can be compared against companies in the Industrial 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 an Industrial Products company?
A good Operating Income depends on the Industrial 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 Goodwin and its competitors. Goodwin's current Operating Income is £56.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodwin stock overvalued right now?
Based on GuruFocus' analysis, Goodwin (LSE:GDWN) is currently considered Significantly Overvalued. The stock's GF Value™ is £92.22, compared to a current price of £176.40 — trading 91.3% above its estimated fair value. The current Operating Income is £56.0 Mil. Goodwin's overall GF Score™ is 72/100 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 Goodwin (LSE:GDWN), the current Operating Income is £56.0 Mil as of Oct. 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 Goodwin (LSE:GDWN) Overvalued in 2026?

Based on GuruFocus' analysis, Goodwin stock appears to be overvalued. The current stock price of £176.40 is trading 91.3% above its estimated GF Value™ of £92.22. GuruFocus considers Goodwin to be Significantly Overvalued.

Key valuation signals for LSE:GDWN:

  • Operating Income: £56.0 Mil
  • GF Value™: £92.22 vs. price of £176.40 (91.3% above fair value)
  • GF Score™: 72/100 with 1 warning sign

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


Goodwin Business Description

Other Exchanges GDWNl:UKGDW:Germany
Address Ivy House Foundry, Hanley, Stoke-on-Trent, Staffordshire, GBR, ST1 3NR
Goodwin PLC is a mechanical component manufacturing company. Its operating segments are the Mechanical Engineering segment which includes casting, valve, antenna, and pump manufacturer and general engineering, and the Refractory Engineering segment which consists of powder manufacture and mineral processing. The company generates the majority of its revenue from the Mechanical Engineering segment. Geographically, the company generates maximum revenue from the United Kingdom and also has its presence in Europe, the United States of America, Pacific Basin, and the rest of the world.
72GF Score

Get the complete analysis for LSE:GDWN

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

£176.40
Price
£92.22
GF Value