Burkhalter Holding AG (LTS:0QO2) Operating Income: CHF71 Mil (TTM As of Dec. 2025)

What is Burkhalter Holding AG Operating Income?

Burkhalter Holding AG LTS:0QO2 +0.37% 80 Operating Income is CHF71 Mil as of Dec. 2025. GuruFocus rates LTS:0QO2 with a GF Score™ of 80/100 and a GF Value™ of CHF106.15 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Burkhalter Holding AG's Operating Income for the six months ended in Dec. 2025 was CHF42 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was CHF71 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Burkhalter Holding AG's Operating Income for the six months ended in Dec. 2025 was CHF42 Mil. Burkhalter Holding AG's Revenue for the six months ended in Dec. 2025 was CHF643 Mil. Therefore, Burkhalter Holding AG's Operating Margin % for the quarter that ended in Dec. 2025 was 6.54%.

Good Sign:

Burkhalter Holding AG operating margin is expanding. Margin expansion is usually a good sign.

Burkhalter Holding AG's 5-Year average Growth Rate for Operating Margin % was 12.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Burkhalter Holding AG's annualized ROC % for the quarter that ended in Dec. 2025 was 20.34%. Burkhalter Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 147.25%.

Burkhalter Holding AG (LTS:0QO2) Operating Income Explanation

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

Burkhalter Holding AG'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 )
=	83.988 * ( 1 - 15.33% )	/	( (379.327	+	319.831)	/ 2 )
=	71.1126396	/	349.579
=	20.34 %

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	))
=	477.748	-	67.131	-	( 31.29	-	max(0, 332.878	-	405.386	+	31.29	))
=	379.327

	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	))
=	463.775	-	69.302	-	( 74.642	-	max(0, 280.765	-	395.077	+	74.642	))
=	319.831

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:

Burkhalter Holding AG'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 )
=	88.604	/	( ( (60.983 + max(-120.24, 0))	+	(59.358 + max(-133.662, 0)) )	/	2 )
=	88.604	/	( ( 60.983	+	59.358 )	/	2 )
=	88.604	/	60.1705
=	147.25 %

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)
=	(143.019	+	17.095	+	1.939)	-	(67.131	+	0	+	215.162)
=	-120.24

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(125.332	+	17.02	+	4.166)	-	(69.302	+	0	+	210.878)
=	-133.662

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 %:

Burkhalter Holding AG'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 )
	=	41.994	/	642.512
	=	6.54 %

* 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.

Burkhalter Holding AG Operating Income Related Terms

Burkhalter Holding AG Operating Income Historical Data

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The historical data trend for Burkhalter Holding AG's Operating Income can be seen below:

Burkhalter Holding AG Operating Income Chart

Burkhalter Holding AG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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26.91

45.68

62.56

67.57

71.00

Burkhalter Holding AG Semi-Annual Data
	Jun16	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															37.34	27.63	39.94	29.01	41.99

80GF Score

Burkhalter Holding AG LTS:0QO2

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Burkhalter Holding AG 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 CHF71 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of CHF71 Mil mean?

Burkhalter Holding AG (LTS:0QO2) has a Operating Income of CHF71 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Burkhalter Holding AG and its competitors.

Is Burkhalter Holding AG's Operating Income too high?

Burkhalter Holding AG's current Operating Income is CHF71 Mil. Overall, Burkhalter Holding AG has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Burkhalter Holding AG's Operating Income compare to PWR and FIX?

Burkhalter Holding AG's Operating Income of CHF71 Mil can be compared against companies in the Construction 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 Construction company?

A good Operating Income depends on the Construction 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 Burkhalter Holding AG and its competitors. Burkhalter Holding AG's current Operating Income is CHF71 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Burkhalter Holding AG stock overvalued right now?

Based on GuruFocus' analysis, Burkhalter Holding AG (LTS:0QO2) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF106.15, compared to a current price of CHF156.58 — trading 47.5% above its estimated fair value. The current Operating Income is CHF71 Mil. Burkhalter Holding AG's overall GF Score™ is 80/100 with 2 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 Burkhalter Holding AG (LTS:0QO2), the current Operating Income is CHF71 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 Burkhalter Holding AG (LTS:0QO2) Overvalued in 2026?

Based on GuruFocus' analysis, Burkhalter Holding AG stock appears to be overvalued. The current stock price of CHF156.58 is trading 47.5% above its estimated GF Value™ of CHF106.15. GuruFocus considers Burkhalter Holding AG to be Significantly Overvalued.

Key valuation signals for LTS:0QO2:

Operating Income: CHF71 Mil
GF Value™: CHF106.15 vs. price of CHF156.58 (47.5% above fair value)
GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the LTS:0QO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Burkhalter Holding AG Business Description

Industry Industrials Construction

Comparable Companies XSWX:IMPN PWR XPAR:DG FIX NSE:LT XAMS:FER XKRX:028260 XTER:HOT XMAD:ACS EME MTZ SHSE:601668 STRL XPAR:EN TSX:WSP APG TSE:1812 HKSE:03996 SHSE:601390 XMAD:ANA

Other Exchanges BRKNz:UK BKMA:Germany BRKN:Switzerland

Address Hohlstrasse 475, Zurich, CHE, 8048

Website https://www.burkhalter.ch

Burkhalter Holding AG is a Switzerland-based company which provides electrical engineering services to the construction sector comprising residential and non-residential buildings as well as infrastructure facilities. It provides electrical engineering services at the place of a power station and includes all processes up to and including the regulation of electrical installations and end user machines for buildings. The company's products and services include installations, switchboards, maintenance and repairs, telematics, wiring, cabling, building automation, control & regulation systems and technical security solutions. It undertakes installations and implements systems for high and low voltage equipment in industrial, commercial, non-residential and residential properties.

80GF Score

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

CHF156.58

Price

CHF106.15

GF Value

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