Church & Dwight Co (MEX:CHD) Operating Income: MXN19,635 Mil (TTM As of Mar. 2026)

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MEX:CHD Church & Dwight Co Inc MEX:CHD
77 GF Score
Price MXN1,730.00
GF Value MXN1,907.01
Valuation Fairly Valued
! 2 Warning Signs
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What is Church & Dwight Co Operating Income?

Church & Dwight Co MEX:CHD 77 Operating Income is MXN19,635 Mil as of Mar. 2026. GuruFocus rates MEX:CHD with a GF Score™ of 77/100 and a GF Value™ of MXN1,907.01 (Fairly Valued). The stock has 2 warning signs investors should review.

Church & Dwight Co's Operating Income for the three months ended in Mar. 2026 was MXN5,248 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN19,635 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Church & Dwight Co's Operating Income for the three months ended in Mar. 2026 was MXN5,248 Mil. Church & Dwight Co's Revenue for the three months ended in Mar. 2026 was MXN26,495 Mil. Therefore, Church & Dwight Co's Operating Margin % for the quarter that ended in Mar. 2026 was 19.81%.

Warning Sign:

Church & Dwight Co Inc operating margin has been in a 5-year decline. The average rate of decline per year is -3.5%.

Church & Dwight Co's 5-Year average Growth Rate for Operating Margin % was -3.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Church & Dwight Co's annualized ROC % for the quarter that ended in Mar. 2026 was 12.66%. Church & Dwight Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 144.20%.


Church & Dwight Co  (MEX:CHD) Operating Income Explanation

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

Church & Dwight Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=20990.064 * ( 1 - 20.65% )/( (131718.898 + 131382.646)/ 2 )
=16655.615784/131550.772
=12.66 %

where

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))
=160474.001 - 26967.137 - ( 7364.331 - max(0, 26967.137 - 28755.103+7364.331))
=131718.898

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))
=162411.513 - 25487.418 - ( 9077.661 - max(0, 25487.418 - 31028.867+9077.661))
=131382.646

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

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

Church & Dwight Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=21393.996/( ( (14815.09 + max(-5576.365, 0)) + (14857.142 + max(-3536.212, 0)) )/ 2 )
=21393.996/( ( 14815.09 + 14857.142 )/ 2 )
=21393.996/14836.116
=144.20 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10684.582 + 9629.448 + 1076.742) - (26967.137 + 0 + 0)
=-5576.365

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10397.655 + 10430.114 + 1123.437) - (25487.418 + 0 + 0)
=-3536.212

When net working capital is negative, 0 is used.

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

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

Church & Dwight Co's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=5247.516/26495.446
=19.81 %

* 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.


Church & Dwight Co Operating Income Related Terms


Church & Dwight Co Operating Income Historical Data

* Premium members only.

The historical data trend for Church & Dwight Co'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.

Church & Dwight Co Operating Income Chart

Church & Dwight Co 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 22,136.66 19,667.57 17,948.57 24,280.21 19,402.94

Church & Dwight Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6,041.31 4,927.60 4,670.43 4,789.52 5,247.52
MEX:CHD
77GF Score
Church & Dwight Co Inc MEX:CHD
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Church & Dwight Co 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN19,635 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 MXN19,635 Mil mean?
Church & Dwight Co (MEX:CHD) has a Operating Income of MXN19,635 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Church & Dwight Co and its competitors.
Is Church & Dwight Co's Operating Income too high?
Church & Dwight Co's current Operating Income is MXN19,635 Mil. Overall, Church & Dwight Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Church & Dwight Co's Operating Income compare to EL and CLX?
Church & Dwight Co's Operating Income of MXN19,635 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Church & Dwight Co and its competitors. Church & Dwight Co's current Operating Income is MXN19,635 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Church & Dwight Co stock overvalued right now?
Based on GuruFocus' analysis, Church & Dwight Co (MEX:CHD) is currently considered Fairly Valued. The stock's GF Value™ is MXN1,907.01, compared to a current price of MXN1,730.00 — trading 9.3% below its estimated fair value. The current Operating Income is MXN19,635 Mil. Church & Dwight Co's overall GF Score™ is 77/100 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 Church & Dwight Co (MEX:CHD), the current Operating Income is MXN19,635 Mil as of Mar. 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 Church & Dwight Co (MEX:CHD) Overvalued in 2026?

Based on GuruFocus' analysis, Church & Dwight Co stock appears to be undervalued. The current stock price of MXN1,730.00 is trading 9.3% below its estimated GF Value™ of MXN1,907.01. GuruFocus considers Church & Dwight Co to be Fairly Valued.

Key valuation signals for MEX:CHD:

  • Operating Income: MXN19,635 Mil
  • GF Value™: MXN1,907.01 vs. price of MXN1,730.00 (9.3% below fair value)
  • GF Score™: 77/100 with 2 warning signs

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


Church & Dwight Co Business Description

Other Exchanges CHD:USA0R13:UKCHD:Austria
Address 500 Charles Ewing Boulevard, Ewing, NJ, USA, 08628
Church & Dwight is the leading global producer of baking soda. Its portfolio extends beyond its legacy category to include laundry products, cat litter, oral care, deodorant, and nasal care, all sold under the Arm & Hammer brand. Its brands also include Batiste, OxiClean, Vitafusion, Hero, and TheraBreath, which, together with Arm & Hammer, account for around 70% of its annual sales and profits. Most recently, the firm added Touchland and its hand sanitizer business to its fold. Even as it works to expand its product reach, Church & Dwight still derives around 80% of its sales from its home market in the US.
77GF Score

Get the complete analysis for MEX:CHD

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

MXN1,730.00
Price
MXN1,907.01
GF Value