VMD (Viemed Healthcare) Operating Income: $23.9 Mil (TTM As of Mar. 2026)

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VMD Viemed Healthcare Inc VMD
93 GF Score
Price $11.94
GF Value $10.93
Valuation Fairly Valued
! 7 Warning Signs
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What is Viemed Healthcare Operating Income?

Viemed Healthcare VMD -3.16% 93 Operating Income is $23.9 Mil as of Mar. 2026. GuruFocus rates VMD with a GF Score™ of 93/100 and a GF Value™ of $10.93 (Fairly Valued). The stock has 7 warning signs investors should review.

Viemed Healthcare's Operating Income for the three months ended in Mar. 2026 was $4.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $23.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Viemed Healthcare's Operating Income for the three months ended in Mar. 2026 was $4.7 Mil. Viemed Healthcare's Revenue for the three months ended in Mar. 2026 was $75.4 Mil. Therefore, Viemed Healthcare's Operating Margin % for the quarter that ended in Mar. 2026 was 6.17%.

Warning Sign:

Viemed Healthcare Inc operating margin has been in a 5-year decline. The average rate of decline per year is -14%.

Viemed Healthcare's 5-Year average Growth Rate for Operating Margin % was -14.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Viemed Healthcare's annualized ROC % for the quarter that ended in Mar. 2026 was 7.65%. Viemed Healthcare's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.07%.


Viemed Healthcare  (NAS:VMD) Operating Income Explanation

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

Viemed Healthcare'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 )
=18.608 * ( 1 - 32.02% )/( (166.77 + 163.925)/ 2 )
=12.6497184/165.3475
=7.65 %

where

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

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

Viemed Healthcare'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 )
=17.184/( ( (82.355 + max(-3.998, 0)) + (79.308 + max(1.415, 0)) )/ 2 )
=17.184/( ( 82.355 + 80.723 )/ 2 )
=17.184/81.539
=21.07 %

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)
=(25.586 + 5.047 + 4.132) - (24.947 + 7.52 + 6.296)
=-3.998

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31.179 + 5.183 + 3.687) - (24.331 + 7.479 + 6.824)
=1.415

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 %:

Viemed Healthcare'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 )
=4.652/75.414
=6.17 %

* 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.


Viemed Healthcare Operating Income Related Terms


Viemed Healthcare Operating Income Historical Data

* Premium members only.

The historical data trend for Viemed Healthcare'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.

Viemed Healthcare Operating Income Chart

Viemed Healthcare 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 12.03 8.60 14.98 16.00 20.71

Viemed Healthcare Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.47 4.46 6.12 8.66 4.65
VMD
93GF Score
Viemed Healthcare Inc VMD
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Viemed Healthcare 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 $23.9 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 $23.9 Mil mean?
Viemed Healthcare (VMD) has a Operating Income of $23.9 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Viemed Healthcare and its competitors.
Is Viemed Healthcare's Operating Income too high?
Viemed Healthcare's current Operating Income is $23.9 Mil. Overall, Viemed Healthcare has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Viemed Healthcare's Operating Income compare to DCTH and VREX?
Viemed Healthcare's Operating Income of $23.9 Mil can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Operating Income depends on the Medical Devices & Instruments 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 Viemed Healthcare and its competitors. Viemed Healthcare's current Operating Income is $23.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viemed Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Viemed Healthcare (VMD) is currently considered Fairly Valued. The stock's GF Value™ is $10.93, compared to a current price of $11.94 — trading 9.2% above its estimated fair value. The current Operating Income is $23.9 Mil. Viemed Healthcare's overall GF Score™ is 93/100 with 7 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 Viemed Healthcare (VMD), the current Operating Income is $23.9 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.

Is Viemed Healthcare (VMD) Overvalued in 2026?

Based on GuruFocus' analysis, Viemed Healthcare stock appears to be overvalued. The current stock price of $11.94 is trading 9.2% above its estimated GF Value™ of $10.93. GuruFocus considers Viemed Healthcare to be Fairly Valued.

Key valuation signals for VMD:

  • Operating Income: $23.9 Mil
  • GF Value™: $10.93 vs. price of $11.94 (9.2% above fair value)
  • GF Score™: 93/100 with 7 warning signs

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


Viemed Healthcare Business Description

Other Exchanges VIJ:Germany
Address 625 E. Kaliste Saloom Road, Lafayette, LA, USA, 70508
Viemed Healthcare Inc is a provider of home medical equipment ("HME") and post-acute healthcare services in the United States, with a focus on respiratory, chronic care, and women's health products and services. The Company's primary service offerings focus on effective in-home treatment, with clinical practitioners providing therapy and counseling to patients in their homes using cutting-edge technology. The company generates the majority of its revenue from medical equipment rental, sales, and supply.
93GF Score

Get the complete analysis for VMD

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

$11.94
Price
$10.93
GF Value