Maynilad Water Services (PHS:MYNLD) Operating Income: ₱-7,325 Mil (TTM As of Mar. 2026)

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PHS:MYNLD Maynilad Water Services Inc PHS:MYNLD
31 GF Score
Price ₱19.46
! 4 Warning Signs
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What is Maynilad Water Services Operating Income?

Maynilad Water Services PHS:MYNLD -1.22% 31 Operating Income is ₱-7,325 Mil as of Mar. 2026. GuruFocus rates PHS:MYNLD with a GF Score™ of 31/100. The stock has 4 warning signs investors should review.

Maynilad Water Services's Operating Income for the three months ended in Mar. 2026 was ₱-1,420 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₱-7,325 Mil.

Warning Sign:

Maynilad Water Services Inc had lost money in 83% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Maynilad Water Services's Operating Income for the three months ended in Mar. 2026 was ₱-1,420 Mil. Maynilad Water Services's Revenue for the three months ended in Mar. 2026 was ₱9,093 Mil. Therefore, Maynilad Water Services's Operating Margin % for the quarter that ended in Mar. 2026 was -15.61%.

Maynilad Water Services's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Maynilad Water Services's annualized ROC % for the quarter that ended in Mar. 2026 was -1.89%. Maynilad Water Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 886.72%.


Maynilad Water Services  (PHS:MYNLD) Operating Income Explanation

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

Maynilad Water Services'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 )
=-5678.828 * ( 1 - 19.39% )/( (238724.459 + 245794.772)/ 2 )
=-4577.7032508/242259.6155
=-1.89 %

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))
=247360.255 - 9002.436 - ( 26792.759 - max(0, 34062.588 - 33695.948+26792.759))
=238724.459

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))
=248880.874 - 9034.002 - ( 21856.454 - max(0, 34902.626 - 28954.726+21856.454))
=245794.772

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

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

Maynilad Water Services'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 )
=22171.636/( ( (2530.754 + max(-26620.372, 0)) + (2470.078 + max(-27352.855, 0)) )/ 2 )
=22171.636/( ( 2530.754 + 2470.078 )/ 2 )
=22171.636/2500.416
=886.72 %

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)
=(2363.544 + 0 + 2235.572) - (9002.436 + 0 + 22217.052)
=-26620.372

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2182.671 + 0 + 2459.133) - (9034.002 + 0 + 22960.657)
=-27352.855

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 %:

Maynilad Water Services'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 )
=-1419.707/9093.328
=-15.61 %

* 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.


Maynilad Water Services Operating Income Related Terms


Maynilad Water Services Operating Income Historical Data

* Premium members only.

The historical data trend for Maynilad Water Services'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.

Maynilad Water Services Operating Income Chart

Maynilad Water Services Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only 2,436.55 -3,972.99 -5,953.20 -7,980.47 -7,454.37

Maynilad Water Services Quarterly Data
Dec18 Dec19 Dec20 Dec21 Dec22 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 -1,564.64 -67.85 -1,262.24 -4,574.84 -1,419.71
PHS:MYNLD
31GF Score
Maynilad Water Services Inc PHS:MYNLD
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Maynilad Water Services 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 ₱-7,325 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 ₱-7,325 Mil mean?
Maynilad Water Services (PHS:MYNLD) has a Operating Income of ₱-7,325 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Maynilad Water Services and its competitors.
Is Maynilad Water Services' Operating Income too high?
Maynilad Water Services' current Operating Income is ₱-7,325 Mil. Overall, Maynilad Water Services has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Maynilad Water Services' Operating Income compare to AWK and WTRG?
Maynilad Water Services' Operating Income of ₱-7,325 Mil can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated 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 Maynilad Water Services and its competitors. Maynilad Water Services's current Operating Income is ₱-7,325 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maynilad Water Services stock overvalued right now?
Maynilad Water Services (PHS:MYNLD) has a current Operating Income of ₱-7,325 Mil. The current Operating Income is ₱-7,325 Mil. Maynilad Water Services' overall GF Score™ is 31/100 with 4 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 Maynilad Water Services (PHS:MYNLD), the current Operating Income is ₱-7,325 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.

Maynilad Water Services Business Description

Address Katipunan Avenue, Maynilad Building, MWSS Complex, Pansol, Quezon, PHL, 1119
Maynilad Water Services Inc is the water and wastewater services provider for the West Zone of the Greater Metro Manila area in the Philippines. It operates under a government concession to manage, operate, and invest in water distribution and sewerage systems, delivering safe, potable water and sanitation services to its customers. The company also offers sewerage connections where available and septic tank cleaning services in other areas, aiming to provide reliable and sustainable water and sanitation solutions.
31GF Score

Get the complete analysis for PHS:MYNLD

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

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