TBPH (Theravance Biopharma) Operating Income: $9.5 Mil (TTM As of Jun. 2026)

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TBPH Theravance Biopharma Inc TBPH
69 GF Score
Price $16.98
GF Value $17.08
Valuation Fairly Valued
! 2 Warning Signs
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What is Theravance Biopharma Operating Income?

Theravance Biopharma TBPH +0.18% 69 Operating Income is $9.5 Mil as of Jun. 2026. GuruFocus rates TBPH with a GF Score™ of 69/100 and a GF Value™ of $17.08 (Fairly Valued). The stock has 2 warning signs investors should review.

Theravance Biopharma's Operating Income for the three months ended in Jun. 2026 was $1.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $9.5 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Theravance Biopharma's Operating Income for the three months ended in Jun. 2026 was $1.8 Mil. Theravance Biopharma's Revenue for the three months ended in Jun. 2026 was $20.7 Mil. Therefore, Theravance Biopharma's Operating Margin % for the quarter that ended in Jun. 2026 was 8.89%.

Good Sign:

Theravance Biopharma Inc operating margin is expanding. Margin expansion is usually a good sign.

Theravance Biopharma's 5-Year average Growth Rate for Operating Margin % was 57.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Theravance Biopharma's annualized ROC % for the quarter that ended in Jun. 2026 was 11.40%. Theravance Biopharma's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -57.54%.


Theravance Biopharma  (NAS:TBPH) Operating Income Explanation

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

Theravance Biopharma's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=7.372 * ( 1 - 0% )/( (65.431 + 63.903)/ 2 )
=7.372/64.667
=11.40 %

where

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))
=472.313 - 21.023 - ( 394.666 - max(0, 31.775 - 417.634+394.666))
=65.431

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

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

Theravance Biopharma's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-19.164/( ( (28.54 + max(1.945, 0)) + (27.095 + max(9.034, 0)) )/ 2 )
=-19.164/( ( 30.485 + 36.129 )/ 2 )
=-19.164/33.307
=-57.54 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.584 + 0 + 7.384) - (21.023 + 0 + 0)
=1.945

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.381 + 0 + 8.624) - (19.971 + 0 + 0)
=9.034

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Theravance Biopharma's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=1.843/20.731
=8.89 %

* 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.


Theravance Biopharma Operating Income Related Terms


Theravance Biopharma Operating Income Historical Data

* Premium members only.

The historical data trend for Theravance Biopharma'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.

Theravance Biopharma Operating Income Chart

Theravance Biopharma 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 -237.64 -79.12 -53.29 -42.44 -3.60

Theravance Biopharma Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -2.73 -6.46 20.01 -5.85 1.84
TBPH
69GF Score
Theravance Biopharma Inc TBPH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Theravance Biopharma 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.5 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 $9.5 Mil mean?
Theravance Biopharma (TBPH) has a Operating Income of $9.5 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Theravance Biopharma and its competitors.
Is Theravance Biopharma's Operating Income too high?
Theravance Biopharma's current Operating Income is $9.5 Mil. Overall, Theravance Biopharma has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Theravance Biopharma's Operating Income compare to ABUS and SANA?
Theravance Biopharma's Operating Income of $9.5 Mil can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Operating Income depends on the Biotechnology 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 Theravance Biopharma and its competitors. Theravance Biopharma's current Operating Income is $9.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Theravance Biopharma stock overvalued right now?
Based on GuruFocus' analysis, Theravance Biopharma (TBPH) is currently considered Fairly Valued. The stock's GF Value™ is $17.08, compared to a current price of $16.98 — trading 0.6% below its estimated fair value. The current Operating Income is $9.5 Mil. Theravance Biopharma's overall GF Score™ is 69/100 with 2 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 Theravance Biopharma (TBPH), the current Operating Income is $9.5 Mil as of Jun. 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.

Is Theravance Biopharma (TBPH) Overvalued in 2026?

Based on GuruFocus' analysis, Theravance Biopharma stock appears to be undervalued. The current stock price of $16.98 is trading 0.6% below its estimated GF Value™ of $17.08. GuruFocus considers Theravance Biopharma to be Fairly Valued.

Key valuation signals for TBPH:

  • Operating Income: $9.5 Mil
  • GF Value™: $17.08 vs. price of $16.98 (0.6% below fair value)
  • GF Score™: 69/100 with 2 warning signs

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


Theravance Biopharma Business Description

Other Exchanges 0TB:Germany
Address C/O Theravance Biopharma US, LLC, 901 Gateway Boulevard, South San Francisco, CA, USA, 94080
Theravance Biopharma Inc is a biopharmaceutical company focused on the development and commercialization of medicines to improve patients lives. The company leverages decades of expertise and has developed FDA-approved YUPELRI (revefenacin) inhalation solution for the maintenance treatment of patients with COPD. Its ampreloxetine Phase 3 clinical study (CYPRESS) for the treatment of symptomatic neurogenic orthostatic hypotension in patients with multiple system atrophy did not meet its primary endpoint. The company operates in a single segment, the development and commercialization of human therapeutics, and operates in the United States, which generates maximum revenue, and Europe.
69GF Score

Get the complete analysis for TBPH

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

$16.98
Price
$17.08
GF Value