WUXIF (Wuxi AppTec Co) Operating Income: $2,694 Mil (TTM As of Mar. 2026)


WUXIF Wuxi AppTec Co Ltd WUXIF
81 GF Score
Price $20.58
GF Value $12.31
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Wuxi AppTec Co Operating Income?

Wuxi AppTec Co WUXIF 81 Operating Income is $2,694 Mil as of Mar. 2026. GuruFocus rates WUXIF with a GF Score™ of 81/100 and a GF Value™ of $12.31 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Wuxi AppTec Co's Operating Income for the three months ended in Mar. 2026 was $741 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $2,694 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Wuxi AppTec Co's Operating Income for the three months ended in Mar. 2026 was $741 Mil. Wuxi AppTec Co's Revenue for the three months ended in Mar. 2026 was $1,804 Mil. Therefore, Wuxi AppTec Co's Operating Margin % for the quarter that ended in Mar. 2026 was 41.08%.

Good Sign:

Wuxi AppTec Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Wuxi AppTec Co's 5-Year average Growth Rate for Operating Margin % was 13.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wuxi AppTec Co's annualized ROC % for the quarter that ended in Mar. 2026 was 32.52%. Wuxi AppTec Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 67.00%.


Wuxi AppTec Co  (OTCPK:WUXIF) Operating Income Explanation

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

Wuxi AppTec Co'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 )
=2964.824 * ( 1 - 16.71% )/( (7355.051 + 7832.933)/ 2 )
=2469.4019096/7593.992
=32.52 %

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))
=14641.21 - 1473.812 - ( 5812.347 - max(0, 2731.041 - 8756.965+5812.347))
=7355.051

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))
=15585.16 - 1457.417 - ( 6294.81 - max(0, 2762.799 - 9455.653+6294.81))
=7832.933

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

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

Wuxi AppTec Co'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 )
=3272.288/( ( (3782.168 + max(913.969, 0)) + (3911.276 + max(1161.305, 0)) )/ 2 )
=3272.288/( ( 4696.137 + 5072.581 )/ 2 )
=3272.288/4884.359
=67.00 %

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)
=(1031.158 + 1276.869 + 464.403) - (1473.812 + 0 + 384.649)
=913.969

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1117.357 + 1445.986 + 469.62) - (1457.417 + 0 + 414.241)
=1161.305

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 %:

Wuxi AppTec Co'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 )
=741.206/1804.352
=41.08 %

* 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.


Wuxi AppTec Co Operating Income Related Terms


Wuxi AppTec Co Operating Income Historical Data

* Premium members only.

The historical data trend for Wuxi AppTec Co'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.

Wuxi AppTec Co Operating Income Chart

Wuxi AppTec Co 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 731.59 1,398.26 1,647.92 1,594.94 2,414.38

Wuxi AppTec Co 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 430.53 564.42 680.24 707.84 741.21
WUXIF
81GF Score
Wuxi AppTec Co Ltd WUXIF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Wuxi AppTec Co 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 $2,694 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 $2,694 Mil mean?
Wuxi AppTec Co (WUXIF) has a Operating Income of $2,694 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Wuxi AppTec Co and its competitors.
Is Wuxi AppTec Co's Operating Income too high?
Wuxi AppTec Co's current Operating Income is $2,694 Mil. Overall, Wuxi AppTec Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wuxi AppTec Co's Operating Income compare to TMO and DHR?
Wuxi AppTec Co's Operating Income of $2,694 Mil can be compared against companies in the Medical Diagnostics & Research 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 Diagnostics & Research company?
A good Operating Income depends on the Medical Diagnostics & Research 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 Wuxi AppTec Co and its competitors. Wuxi AppTec Co's current Operating Income is $2,694 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wuxi AppTec Co stock overvalued right now?
Based on GuruFocus' analysis, Wuxi AppTec Co (WUXIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.31, compared to a current price of $20.58 — trading 67.1% above its estimated fair value. The current Operating Income is $2,694 Mil. Wuxi AppTec Co's overall GF Score™ is 81/100 with 4 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 Wuxi AppTec Co (WUXIF), the current Operating Income is $2,694 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 Wuxi AppTec Co (WUXIF) Overvalued in 2026?

Based on GuruFocus' analysis, Wuxi AppTec Co stock appears to be overvalued. The current stock price of $20.58 is trading 67.1% above its estimated GF Value™ of $12.31. GuruFocus considers Wuxi AppTec Co to be Significantly Overvalued.

Key valuation signals for WUXIF:

  • Operating Income: $2,694 Mil
  • GF Value™: $12.31 vs. price of $20.58 (67.1% above fair value)
  • GF Score™: 81/100 with 4 warning signs

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


Wuxi AppTec Co Business Description

Address 288 Fute Zhong Road, Waigaoqiao Free Trade Zone, Pudong New Area, Shanghai, CHN, 200131
Wuxi AppTec Co Ltd provides a portfolio of research and manufacturing services throughout the discovery, development, and manufacturing spectrum for small molecule drugs, development of computer software and databases as well as consulting services for combinatorial chemistry and pharmaceuticals. The services offered by the company include drug research and development testing, clinical research services, an end-to-end CRDMO platform for peptide, oligonucleotide, and small molecules, and integrated biology services and solutions for drug discovery. The company's reportable segments are WuXi Chemistry, which derives maximum revenue, WuXi Testing, WuXi Biology, and Others. Geographically, it derives key revenue from the United States of America, followed by PRC, Europe, and other regions.
81GF Score

Get the complete analysis for WUXIF

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

$20.58
Price
$12.31
GF Value