DDM Holding AG (OSTO:DDM) Operating Income: kr574.7 Mil (TTM As of Dec. 2025)

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OSTO:DDM DDM Holding AG OSTO:DDM
12 GF Score
Price kr23.00
GF Value kr25.89
! 8 Warning Signs
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What is DDM Holding AG Operating Income?

DDM Holding AG OSTO:DDM 12 Operating Income is kr574.7 Mil as of Dec. 2025. GuruFocus rates OSTO:DDM with a GF Score™ of 12/100 and a GF Value™ of kr25.89. The stock has 8 warning signs investors should review.

DDM Holding AG's Operating Income for the three months ended in Dec. 2025 was kr29.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was kr574.7 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. DDM Holding AG's Operating Income for the three months ended in Dec. 2025 was kr29.9 Mil. DDM Holding AG's Revenue for the three months ended in Dec. 2025 was kr42.3 Mil. Therefore, DDM Holding AG's Operating Margin % for the quarter that ended in Dec. 2025 was 70.51%.

Good Sign:

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

DDM Holding AG's 5-Year average Growth Rate for Operating Margin % was 11.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DDM Holding AG's annualized ROC % for the quarter that ended in Dec. 2025 was 1.82%. DDM Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 970.33%.


DDM Holding AG  (OSTO:DDM) Operating Income Explanation

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

DDM 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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=119.4 * ( 1 - 0% )/( (6510.704 + 6600.191)/ 2 )
=119.4/6555.4475
=1.82 %

where

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))
=4656.362 - 107.17 - ( 109.436 - max(0, 2223.816 - 262.304+109.436))
=6510.704

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))
=4625.997 - 61.692 - ( 49.656 - max(0, 2250.181 - 214.295+49.656))
=6600.191

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

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

DDM 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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=128.976/( ( (11.958 + max(-447.249, 0)) + (14.626 + max(-408.652, 0)) )/ 2 )
=128.976/( ( 11.958 + 14.626 )/ 2 )
=128.976/13.292
=970.33 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.15 + 0 + 0.00099999999997635) - (107.17 + 0 + 357.23)
=-447.249

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26.923 + 0 + -11.404) - (61.692 + 0 + 362.479)
=-408.652

When net working capital is negative, 0 is used.

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

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

DDM 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 )
=29.85/42.332
=70.51 %

* 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.


DDM Holding AG Operating Income Related Terms


DDM Holding AG Operating Income Historical Data

* Premium members only.

The historical data trend for DDM Holding AG'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.

DDM Holding AG Operating Income Chart

DDM Holding AG 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 103.88 85.37 117.95 87.34 557.73

DDM Holding AG Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.66 13.26 14.46 517.16 29.85
OSTO:DDM
12GF Score
DDM Holding AG OSTO:DDM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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DDM 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 quarterly data reported by the company within the most recent 12 months, which was kr574.7 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 kr574.7 Mil mean?
DDM Holding AG (OSTO:DDM) has a Operating Income of kr574.7 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on DDM Holding AG and its competitors.
Is DDM Holding AG's Operating Income too high?
DDM Holding AG's current Operating Income is kr574.7 Mil. Overall, DDM Holding AG has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does DDM Holding AG's Operating Income compare to BLK and BX?
DDM Holding AG's Operating Income of kr574.7 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good Operating Income depends on the Asset Management 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 DDM Holding AG and its competitors. DDM Holding AG's current Operating Income is kr574.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DDM Holding AG stock overvalued right now?
DDM Holding AG (OSTO:DDM) has a current Operating Income of kr574.7 Mil. The stock's GF Value™ is kr25.89, compared to a current price of kr23.00 — trading 11.2% below its estimated fair value. The current Operating Income is kr574.7 Mil. DDM Holding AG's overall GF Score™ is 12/100 with 8 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 DDM Holding AG (OSTO:DDM), the current Operating Income is kr574.7 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 DDM Holding AG (OSTO:DDM) Overvalued in 2026?

Based on GuruFocus' analysis, DDM Holding AG stock appears to be undervalued. The current stock price of kr23.00 is trading 11.2% below its estimated GF Value™ of kr25.89.

Key valuation signals for OSTO:DDM:

  • Operating Income: kr574.7 Mil
  • GF Value™: kr25.89 vs. price of kr23.00 (11.2% below fair value)
  • GF Score™: 12/100 with 8 warning signs

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


DDM Holding AG Business Description

Address Landis & Gyr Strasse 1, Zug, CHE, 6300
DDM Holding AG is a Swiss company investing and managing non-performing loans and special situations. It invests in corporate and consumer-secured portfolios in Southern, Central, and Eastern Europe, and also unsecured portfolios. It has invested in assets originating from Greece, Croatia, Serbia, Bosnia, Romania, Hungary, Russia, the Czech Republic, Slovakia, and Slovenia.
12GF Score

Get the complete analysis for OSTO:DDM

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

kr23.00
Price
kr25.89
GF Value