WHGLY (WH Group) Operating Income: $2,300 Mil (TTM As of Dec. 2025)


WHGLY WH Group Ltd WHGLY
79 GF Score
Price $20.98
GF Value $15.76
Valuation Significantly Overvalued
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What is WH Group Operating Income?

WH Group WHGLY -2.51% 79 Operating Income is $2,300 Mil as of Dec. 2025. GuruFocus rates WHGLY with a GF Score™ of 79/100 and a GF Value™ of $15.76 (Significantly Overvalued).

WH Group's Operating Income for the three months ended in Dec. 2025 was $374 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $2,300 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. WH Group's Operating Income for the three months ended in Dec. 2025 was $374 Mil. WH Group's Revenue for the three months ended in Dec. 2025 was $7,549 Mil. Therefore, WH Group's Operating Margin % for the quarter that ended in Dec. 2025 was 4.95%.

WH Group's 5-Year average Growth Rate for Operating Margin % was -0.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. WH Group's annualized ROC % for the quarter that ended in Dec. 2025 was 7.71%. WH Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 58.98%.


WH Group  (OTCPK:WHGLY) Operating Income Explanation

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

WH Group'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=1496 * ( 1 - % )/( (22014 + 16777)/ 2 )
=1496/19395.5
=7.71 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

WH Group'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2768/( ( (0 + max(0, 0)) + (7304 + max(2082, 0)) )/ 2 )
=2768/( ( 0 + 9386 )/ 2 )
=2768/4693
=58.98 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1449 + 3893 + 149) - (1540 + 0 + 1869)
=2082

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

WH Group'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 )
=374/7549
=4.95 %

* 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.


WH Group Operating Income Related Terms


WH Group Operating Income Historical Data

* Premium members only.

The historical data trend for WH Group'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.

WH Group Operating Income Chart

WH Group 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 2,264.00 2,220.00 2,288.00 2,423.00 2,300.00

WH Group Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 Premium Member Only 628.00 598.00 586.00 742.00 374.00
WHGLY
79GF Score
WH Group Ltd WHGLY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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WH Group 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 quarterly data reported by the company within the most recent 12 months, which was $2,300 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 $2,300 Mil mean?
WH Group (WHGLY) has a Operating Income of $2,300 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on WH Group and its competitors.
Is WH Group's Operating Income too high?
WH Group's current Operating Income is $2,300 Mil. Overall, WH Group has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WH Group's Operating Income compare to KHC and GIS?
WH Group's Operating Income of $2,300 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 WH Group and its competitors. WH Group's current Operating Income is $2,300 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WH Group stock overvalued right now?
Based on GuruFocus' analysis, WH Group (WHGLY) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.76, compared to a current price of $20.98 — trading 33.1% above its estimated fair value. The current Operating Income is $2,300 Mil. WH Group's overall GF Score™ is 79/100. 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 WH Group (WHGLY), the current Operating Income is $2,300 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 WH Group (WHGLY) Overvalued in 2026?

Based on GuruFocus' analysis, WH Group stock appears to be overvalued. The current stock price of $20.98 is trading 33.1% above its estimated GF Value™ of $15.76. GuruFocus considers WH Group to be Significantly Overvalued.

Key valuation signals for WHGLY:

  • Operating Income: $2,300 Mil
  • GF Value™: $15.76 vs. price of $20.98 (33.1% above fair value)
  • GF Score™: 79/100

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


WH Group Business Description

Address 1 Austin Road West, Unit 7602B-7604A, Level 76, International Commerce Centre, Kowloon, Hong Kong, HKG
WH Group is a holding company and the world's largest vertically integrated producer of pork and related packaged meat products. Its revenue is mainly derived from activities undertaken by its China and US operations, which are respectively via 70.3%-owned Henan Shuanghui Investment & Development Company and wholly owned Smithfield Foods Inc. In the US, its key packaged meats brands, in which it has a 6% market share, include Nathan's hot dogs, Armour, John Morrell, and Curly's, while in China, products are mainly under the Shuanghui brand, where it also has a 25% market share. We expect the company's operating profit to be split almost equally between the US and China in the future with a small contribution from Europe.
79GF Score

Get the complete analysis for WHGLY

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

$20.98
Price
$15.76
GF Value