Treehouse Foods (MEX:THS) Operating Income: MXN3,620 Mil (TTM As of Sep. 2025)


MEX:THS Treehouse Foods Inc MEX:THS
63 GF Score
Price MXN703.30
GF Value MXN1,214.01
! 6 Warning Signs
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What is Treehouse Foods Operating Income?

Treehouse Foods MEX:THS 63 Operating Income is MXN3,620 Mil as of Sep. 2025. GuruFocus rates MEX:THS with a GF Score™ of 63/100 and a GF Value™ of MXN1,214.01. The stock has 6 warning signs investors should review.

Treehouse Foods's Operating Income for the three months ended in Sep. 2025 was MXN1,152 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was MXN3,620 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Treehouse Foods's Operating Income for the three months ended in Sep. 2025 was MXN1,152 Mil. Treehouse Foods's Revenue for the three months ended in Sep. 2025 was MXN15,415 Mil. Therefore, Treehouse Foods's Operating Margin % for the quarter that ended in Sep. 2025 was 7.47%.

Warning Sign:

Treehouse Foods Inc operating margin has been in a 5-year decline. The average rate of decline per year is -2.5%.

Treehouse Foods's 5-Year average Growth Rate for Operating Margin % was -2.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Treehouse Foods's annualized ROC % for the quarter that ended in Sep. 2025 was 7.78%. Treehouse Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -85.54%.


Treehouse Foods  (MEX:THS) Operating Income Explanation

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

Treehouse Foods's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=4608.064 * ( 1 - 0.64% )/( (62373.609 + 55392.146)/ 2 )
=4578.5723904/58882.8775
=7.78 %

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))
=76147.168 - 13451.58 - ( 321.979 - max(0, 13560.79 - 17098.797+321.979))
=62373.609

Invested Capital(Q: Sep. 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))
=69267.699 - 13490.325 - ( 385.228 - max(0, 13736.137 - 17768.192+385.228))
=55392.146

Note: The Operating Income data used here is four times the quarterly (Sep. 2025) data.

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

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

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-17874.588/( ( (17742.755 + max(3325.237, 0)) + (16832.638 + max(3892.639, 0)) )/ 2 )
=-17874.588/( ( 21067.992 + 20725.277 )/ 2 )
=-17874.588/20896.6345
=-85.54 %

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)
=(3991.79 + 11952.776 + 832.252) - (13451.58 + 0 + 0.0010000000002037)
=3325.237

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4244.848 + 12257.594 + 880.522) - (13490.325 + 0 + 0)
=3892.639

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2025) EBIT data.

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

Treehouse Foods's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=1152.016/15414.631
=7.47 %

* 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.


Treehouse Foods Operating Income Related Terms


Treehouse Foods Operating Income Historical Data

* Premium members only.

The historical data trend for Treehouse Foods'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.

Treehouse Foods Operating Income Chart

Treehouse Foods Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,386.19 804.15 961.15 2,568.20 3,097.07

Treehouse Foods Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 726.57 1,749.79 204.58 514.04 1,152.02
MEX:THS
63GF Score
Treehouse Foods Inc MEX:THS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Treehouse Foods 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 Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN3,620 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 MXN3,620 Mil mean?
Treehouse Foods (MEX:THS) has a Operating Income of MXN3,620 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Treehouse Foods and its competitors.
Is Treehouse Foods' Operating Income too high?
Treehouse Foods' current Operating Income is MXN3,620 Mil. Overall, Treehouse Foods has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Treehouse Foods' Operating Income compare to JBSS and OFRM?
Treehouse Foods' Operating Income of MXN3,620 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 Treehouse Foods and its competitors. Treehouse Foods's current Operating Income is MXN3,620 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Treehouse Foods stock overvalued right now?
Treehouse Foods (MEX:THS) has a current Operating Income of MXN3,620 Mil. The stock's GF Value™ is MXN1,214.01, compared to a current price of MXN703.30 — trading 42.1% below its estimated fair value. The current Operating Income is MXN3,620 Mil. Treehouse Foods' overall GF Score™ is 63/100 with 6 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 Treehouse Foods (MEX:THS), the current Operating Income is MXN3,620 Mil as of Sep. 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 Treehouse Foods (MEX:THS) Overvalued in 2026?

Based on GuruFocus' analysis, Treehouse Foods stock appears to be undervalued. The current stock price of MXN703.30 is trading 42.1% below its estimated GF Value™ of MXN1,214.01.

Key valuation signals for MEX:THS:

  • Operating Income: MXN3,620 Mil
  • GF Value™: MXN1,214.01 vs. price of MXN703.30 (42.1% below fair value)
  • GF Score™: 63/100 with 6 warning signs

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


Treehouse Foods Business Description

Address 2021 Spring Road, Suite 600, Oak Brook, IL, USA, 60523
TreeHouse Foods is the largest pure-play private-label manufacturer in the US. Much larger in the past following the 2016 acquisition of Ralcorp, Conagra's former private-label business, the company has since divested several businesses to focus on high-growth categories. At present, the company produces and sells snacks (crackers, pretzels, cookies, and so on), beverages (such as nondairy creamer, coffee, tea, and broth), and a select number of grocery products (pickles, refrigerated dough, hot cereal, cheese, and pudding). Its most important sales channel is through retail grocery stores that sell its products under their own brands, with co-manufacturing and food away from home as much smaller channels of distribution for its fare.
63GF Score

Get the complete analysis for MEX:THS

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

MXN703.30
Price
MXN1,214.01
GF Value