MADGF (Mader Group) Operating Income: $39.3 Mil (TTM As of Dec. 2025)


MADGF Mader Group Ltd MADGF
98 GF Score
Price $5.27
GF Value $5.77
! 3 Warning Signs
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What is Mader Group Operating Income?

Mader Group MADGF 98 Operating Income is $39.3 Mil as of Dec. 2025. GuruFocus rates MADGF with a GF Score™ of 98/100 and a GF Value™ of $5.77. The stock has 3 warning signs investors should review.

Mader Group's Operating Income for the six months ended in Dec. 2025 was $28.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $39.3 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mader Group's Operating Income for the six months ended in Dec. 2025 was $28.4 Mil. Mader Group's Revenue for the six months ended in Dec. 2025 was $322.4 Mil. Therefore, Mader Group's Operating Margin % for the quarter that ended in Dec. 2025 was 8.82%.

Warning Sign:

Mader Group Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -2%.

Mader Group's 5-Year average Growth Rate for Operating Margin % was -2.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mader Group's annualized ROC % for the quarter that ended in Dec. 2025 was 23.84%. Mader Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 41.38%.

Mader Group  (OTCPK:MADGF) Operating Income Explanation

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

Mader 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 )
=56.872 * ( 1 - 28.89% )/( (163.057 + 176.169)/ 2 )
=40.4416792/169.613
=23.84 %

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))
=225.904 - 47.051 - ( 15.796 - max(0, 68.945 - 128.19+15.796))
=163.057

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))
=233.058 - 45.482 - ( 11.407 - max(0, 66.347 - 126.104+11.407))
=176.169

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:

Mader 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 )
=58.652/( ( (88.992 + max(39.464, 0)) + (94.763 + max(60.278, 0)) )/ 2 )
=58.652/( ( 128.456 + 155.041 )/ 2 )
=58.652/141.7485
=41.38 %

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)
=(93.11 + 0 + 4.968) - (47.051 + 5.104 + 6.459)
=39.464

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(107.102 + 0 + 7.595) - (45.482 + 1.585 + 7.352)
=60.278

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 %:

Mader 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 )
=28.436/322.391
=8.82 %

* 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.

Mader Group Operating Income Related Terms

Mader Group Operating Income Historical Data

* Premium members only.

The historical data trend for Mader 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.

Mader Group Operating Income Chart

Mader Group Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial 14.44 18.32 25.83 31.53 35.46

Mader Group Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 16.24 15.42 23.91 10.88 28.44
MADGF
98GF Score
Mader Group Ltd MADGF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Mader 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 $39.3 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 $39.3 Mil mean?
Mader Group (MADGF) has a Operating Income of $39.3 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Mader Group and its competitors.
Is Mader Group's Operating Income too high?
Mader Group's current Operating Income is $39.3 Mil. Overall, Mader Group has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Mader Group's Operating Income compare to CTAS and CPRT?
Mader Group's Operating Income of $39.3 Mil can be compared against companies in the Business 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 Business Services company?
A good Operating Income depends on the Business 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 Mader Group and its competitors. Mader Group's current Operating Income is $39.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mader Group stock overvalued right now?
Mader Group (MADGF) has a current Operating Income of $39.3 Mil. The stock's GF Value™ is $5.77, compared to a current price of $5.27 — trading 8.7% below its estimated fair value. The current Operating Income is $39.3 Mil. Mader Group's overall GF Score™ is 98/100 with 3 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 Mader Group (MADGF), the current Operating Income is $39.3 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 Mader Group (MADGF) Overvalued in 2026?

Based on GuruFocus' analysis, Mader Group stock appears to be undervalued. The current stock price of $5.27 is trading 8.7% below its estimated GF Value™ of $5.77.

Key valuation signals for MADGF:

  • Operating Income: $39.3 Mil
  • GF Value™: $5.77 vs. price of $5.27 (8.7% below fair value)
  • GF Score™: 98/100 with 3 warning signs

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

Mader Group Business Description

Other Exchanges MAD:Australia
Address 2 George Wiencke Drive, Perth Airport, Suite A1, Hkew Alpha Building, Perth, WA, AUS, 6105
Mader Group Ltd is a maintenance services company that supplies tradespeople to resource industry customers. It provides specialized contract labour for the maintenance of heavy mobile equipment in the resources industry. The services provided include maintenance labour, field support, shutdown teams for overhauls, maintenance workshops, training of maintenance teams, and a range of other ancillary services. Its geographical segments include Australia, North America, Rest of World and Corporate, of which the majority of the revenue comes from Australia.
98GF Score

Get the complete analysis for MADGF

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

$5.27
Price
$5.77
GF Value