Wesco Holdings (TSE:6091) Operating Income: 円1,022 Mil (TTM As of Jan. 2026)

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TSE:6091 Wesco Holdings Inc TSE:6091
72 GF Score
Price 円919.00
GF Value 円700.41
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Wesco Holdings Operating Income?

Wesco Holdings TSE:6091 +0.33% 72 Operating Income is 円1,022 Mil as of Jan. 2026. GuruFocus rates TSE:6091 with a GF Score™ of 72/100 and a GF Value™ of 円700.41 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Wesco Holdings's Operating Income for the three months ended in Jan. 2026 was 円345 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was 円1,022 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Wesco Holdings's Operating Income for the three months ended in Jan. 2026 was 円345 Mil. Wesco Holdings's Revenue for the three months ended in Jan. 2026 was 円4,561 Mil. Therefore, Wesco Holdings's Operating Margin % for the quarter that ended in Jan. 2026 was 7.56%.

Good Sign:

Wesco Holdings Inc operating margin is expanding. Margin expansion is usually a good sign.

Wesco Holdings's 5-Year average Growth Rate for Operating Margin % was 0.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wesco Holdings's annualized ROC % for the quarter that ended in Jan. 2026 was 7.09%. Wesco Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 48.04%.


Wesco Holdings  (TSE:6091) Operating Income Explanation

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

Wesco Holdings's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=1378.72 * ( 1 - 31.85% )/( (12445.653 + 14073.35)/ 2 )
=939.59768/13259.5015
=7.09 %

where

Invested Capital(Q: Oct. 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))
=19197.136 - 1410.193 - ( 5341.29 - max(0, 2656.077 - 11932.003+5341.29))
=12445.653

Invested Capital(Q: Jan. 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))
=20210.268 - 1823.548 - ( 4313.37 - max(0, 3286.317 - 12814.683+4313.37))
=14073.35

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

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

Wesco Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1378.72/( ( (2884.63 + max(-977.014, 0)) + (2855.747 + max(-1146.554, 0)) )/ 2 )
=1378.72/( ( 2884.63 + 2855.747 )/ 2 )
=1378.72/2870.1885
=48.04 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1013.998 + 37.03 + 628.035) - (1410.193 + 0 + 1245.884)
=-977.014

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1566.838 + 34.528 + 538.397) - (1823.548 + 0 + 1462.769)
=-1146.554

When net working capital is negative, 0 is used.

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

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

Wesco Holdings's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=344.68/4560.745
=7.56 %

* 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.


Wesco Holdings Operating Income Related Terms


Wesco Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Wesco Holdings'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.

Wesco Holdings Operating Income Chart

Wesco Holdings Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 825.87 888.03 892.71 942.25 987.62

Wesco Holdings Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 457.00 49.07 97.60 344.68 531.00
TSE:6091
72GF Score
Wesco Holdings Inc TSE:6091
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Wesco Holdings 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 Jan. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円1,022 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 円1,022 Mil mean?
Wesco Holdings (TSE:6091) has a Operating Income of 円1,022 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Wesco Holdings and its competitors.
Is Wesco Holdings' Operating Income too high?
Wesco Holdings' current Operating Income is 円1,022 Mil. Overall, Wesco Holdings has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wesco Holdings' Operating Income compare to PWR and FIX?
Wesco Holdings' Operating Income of 円1,022 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 Wesco Holdings and its competitors. Wesco Holdings's current Operating Income is 円1,022 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wesco Holdings stock overvalued right now?
Based on GuruFocus' analysis, Wesco Holdings (TSE:6091) is currently considered Significantly Overvalued. The stock's GF Value™ is 円700.41, compared to a current price of 円919.00 — trading 31.2% above its estimated fair value. The current Operating Income is 円1,022 Mil. Wesco Holdings' overall GF Score™ is 72/100 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 Wesco Holdings (TSE:6091), the current Operating Income is 円1,022 Mil as of Jan. 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 Wesco Holdings (TSE:6091) Overvalued in 2026?

Based on GuruFocus' analysis, Wesco Holdings stock appears to be overvalued. The current stock price of 円919.00 is trading 31.2% above its estimated GF Value™ of 円700.41. GuruFocus considers Wesco Holdings to be Significantly Overvalued.

Key valuation signals for TSE:6091:

  • Operating Income: 円1,022 Mil
  • GF Value™: 円700.41 vs. price of 円919.00 (31.2% above fair value)
  • GF Score™: 72/100 with 2 warning signs

No single metric tells the full story. See the TSE:6091 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wesco Holdings Business Description

Address Shimadahon cho 2-5-35, Kita-ku, Yubinbango, Okayama, JPN, 700-0033
Wesco Holdings Inc operates as a holding company with an interest in the construction consulting business. It offers construction design, compensation consultant, environmental assessment, general survey, aerial survey and geological survey services. The company's three reporting sections are the General Construction Consultant Business, the Sports Facility Management Business, and the Aquarium Management Business. The company generates the majority of its revenue from the General Construction Consultant Business.
72GF Score

Get the complete analysis for TSE:6091

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

円919.00
Price
円700.41
GF Value