RLLWF (Reliance Worldwide) Operating Income: $102 Mil (TTM As of Dec. 2025)


RLLWF Reliance Worldwide Corp Ltd RLLWF
86 GF Score
Price $2.50
GF Value $2.85
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Reliance Worldwide Operating Income?

Reliance Worldwide RLLWF 86 Operating Income is $102 Mil as of Dec. 2025. GuruFocus rates RLLWF with a GF Score™ of 86/100 and a GF Value™ of $2.85 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Reliance Worldwide's Operating Income for the six months ended in Dec. 2025 was $38 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $102 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Reliance Worldwide's Operating Income for the six months ended in Dec. 2025 was $38 Mil. Reliance Worldwide's Revenue for the six months ended in Dec. 2025 was $645 Mil. Therefore, Reliance Worldwide's Operating Margin % for the quarter that ended in Dec. 2025 was 5.96%.

Warning Sign:

Reliance Worldwide Corp Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -3.2%.

Reliance Worldwide's 5-Year average Growth Rate for Operating Margin % was -3.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Reliance Worldwide's annualized ROC % for the quarter that ended in Dec. 2025 was 2.69%. Reliance Worldwide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 21.89%.


Reliance Worldwide  (OTCPK:RLLWF) Operating Income Explanation

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

Reliance Worldwide'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 )
=76.934 * ( 1 - 30.89% )/( (1986.532 + 1968.975)/ 2 )
=53.1690874/1977.7535
=2.69 %

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))
=2199.114 - 187.198 - ( 25.384 - max(0, 216.229 - 589.934+25.384))
=1986.532

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:

Reliance Worldwide'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 )
=151.424/( ( (325.992 + max(363.95, 0)) + (320.924 + max(372.382, 0)) )/ 2 )
=151.424/( ( 689.942 + 693.306 )/ 2 )
=151.424/691.624
=21.89 %

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)
=(227.657 + 310.785 + 21.895) - (187.198 + 1.051 + 8.138)
=363.95

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(220.637 + 343.879 + 22.222) - (206 + 1.861 + 6.495)
=372.382

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 %:

Reliance Worldwide'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 )
=38.467/645.381
=5.96 %

* 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.


Reliance Worldwide Operating Income Related Terms


Reliance Worldwide Operating Income Historical Data

* Premium members only.

The historical data trend for Reliance Worldwide'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.

Reliance Worldwide Operating Income Chart

Reliance Worldwide Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only 176.11 159.10 153.13 137.48 134.27

Reliance Worldwide Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.82 84.66 70.94 63.33 38.47
RLLWF
86GF Score
Reliance Worldwide Corp Ltd RLLWF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Reliance Worldwide 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 $102 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 $102 Mil mean?
Reliance Worldwide (RLLWF) has a Operating Income of $102 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Reliance Worldwide and its competitors.
Is Reliance Worldwide's Operating Income too high?
Reliance Worldwide's current Operating Income is $102 Mil. Overall, Reliance Worldwide has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reliance Worldwide's Operating Income compare to TT and JCI?
Reliance Worldwide's Operating Income of $102 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Reliance Worldwide and its competitors. Reliance Worldwide's current Operating Income is $102 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance Worldwide stock overvalued right now?
Based on GuruFocus' analysis, Reliance Worldwide (RLLWF) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.85, compared to a current price of $2.50 — trading 12.3% below its estimated fair value. The current Operating Income is $102 Mil. Reliance Worldwide's overall GF Score™ is 86/100 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 Reliance Worldwide (RLLWF), the current Operating Income is $102 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 Reliance Worldwide (RLLWF) Overvalued in 2026?

Based on GuruFocus' analysis, Reliance Worldwide stock appears to be undervalued. The current stock price of $2.50 is trading 12.3% below its estimated GF Value™ of $2.85. GuruFocus considers Reliance Worldwide to be Modestly Undervalued.

Key valuation signals for RLLWF:

  • Operating Income: $102 Mil
  • GF Value™: $2.85 vs. price of $2.50 (12.3% below fair value)
  • GF Score™: 86/100 with 6 warning signs

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


Reliance Worldwide Business Description

Other Exchanges 0EU:GermanyRWC:Australia
Address 140 William Street, Level 32, Melbourne, VIC, AUS, 3000
Reliance manufactures behind-the-wall plumbing products, which include fittings, pipes, valves, fluid dispensers, pipe systems, and appliance connectors. Its main segment is the US, which comprises about two-thirds of our midcycle EBITDA estimates. Other segments include EMEA and the Asia-Pacific, which contribute about 15% and 20%, respectively, of our midcycle EBITDA estimates. The firm is best known for its push-to-connect products, including the brands SharkBite in the US and John Guest in the United Kingdom. Reliance's primary target segment is the do-it-yourself market. Smaller sales segments include residential and commercial construction, and hot water system manufacturers, which use some Reliance products in manufacturing.
86GF Score

Get the complete analysis for RLLWF

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

$2.50
Price
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GF Value