SRXH (SRX Global) Operating Income: $-2.26 Mil (TTM As of Mar. 2026)

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SRXH SRX Global Inc SRXH
11 GF Score
Price $1.92
! 3 Warning Signs
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What is SRX Global Operating Income?

SRX Global SRXH +4.92% 11 Operating Income is $-2.26 Mil as of Mar. 2026. GuruFocus rates SRXH with a GF Score™ of 11/100. The stock has 3 warning signs investors should review.

SRX Global's Operating Income for the three months ended in Mar. 2026 was $-1.82 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-2.26 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. SRX Global's Operating Income for the three months ended in Mar. 2026 was $-1.82 Mil. SRX Global's Revenue for the three months ended in Mar. 2026 was $3.44 Mil. Therefore, SRX Global's Operating Margin % for the quarter that ended in Mar. 2026 was -52.86%.

SRX Global'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. SRX Global's annualized ROC % for the quarter that ended in Mar. 2026 was -27.93%. SRX Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -221.17%.

SRX Global  (AMEX:SRXH) Operating Income Explanation

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

SRX Global'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 )
=-7.272 * ( 1 - 0% )/( (29.244 + 22.831)/ 2 )
=-7.272/26.0375
=-27.93 %

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))
=27.053 - 2.501 - ( 13.06 - max(0, 23.529 - 18.837+13.06))
=29.244

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))
=43.364 - 2.462 - ( 26.07 - max(0, 25.078 - 43.149+26.07))
=22.831

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

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

SRX Global'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 )
=-18.396/( ( (0.073 + max(3.276, 0)) + (0.076 + max(13.21, 0)) )/ 2 )
=-18.396/( ( 3.349 + 13.286 )/ 2 )
=-18.396/8.3175
=-221.17 %

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)
=(3.056 + 1.318 + 1.403) - (2.501 + 0 + 0)
=3.276

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.806 + 2.086 + 9.78) - (2.462 + 0 + 0)
=13.21

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 %:

SRX Global'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 )
=-1.818/3.439
=-52.86 %

* 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.

SRX Global Operating Income Related Terms

SRX Global Operating Income Historical Data

* Premium members only.

The historical data trend for SRX Global'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.

SRX Global Operating Income Chart

SRX Global Annual Data
Trend Sep24 Sep25
Operating Income
0.00 -11.41

SRX Global Quarterly Data
Mar24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial -1.09 -14.73 18.08 -3.79 -1.82
SRXH
11GF Score
SRX Global Inc SRXH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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SRX Global 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 $-2.26 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 $-2.26 Mil mean?
SRX Global (SRXH) has a Operating Income of $-2.26 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on SRX Global and its competitors.
Is SRX Global's Operating Income too high?
SRX Global's current Operating Income is $-2.26 Mil. Overall, SRX Global has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does SRX Global's Operating Income compare to BFNH and BHST?
SRX Global's Operating Income of $-2.26 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 SRX Global and its competitors. SRX Global's current Operating Income is $-2.26 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SRX Global stock overvalued right now?
SRX Global (SRXH) has a current Operating Income of $-2.26 Mil. The current Operating Income is $-2.26 Mil. SRX Global's overall GF Score™ is 11/100 with 3 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 SRX Global (SRXH), the current Operating Income is $-2.26 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.

SRX Global Business Description

Address 12400 Race Track Road, Tampa, FL, USA, 33626
SRX Global Inc Formerly SRX HealthSolutions Inc operates the continuing pet health and wellness business under the Halo brand, offering premium and super-premium foods, treats, toppers, chews, dental products and supplements for dogs and cats. The company provides high-quality pet products formulated to meet high-quality sourcing and nutritional standards and produced through co-manufacturing relationships. Its Consumer Products segment includes the legacy Halo pet food business with premium products such as dry kibble, wet food, freeze-dried raw food, treats and toppers. Products are sold across e-commerce platforms such as Amazon and Chewy, select retail partners, and international distributors, with operations mainly in the United States, Taiwan and other markets.
11GF Score

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

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