Ascom Holding AG (XSWX:ASCN) Operating Income: CHF20.3 Mil (TTM As of Dec. 2025)


XSWX:ASCN Ascom Holding AG XSWX:ASCN
69 GF Score
Price CHF5.97
GF Value CHF5.83
Valuation Fairly Valued
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What is Ascom Holding AG Operating Income?

Ascom Holding AG XSWX:ASCN +2.40% 69 Operating Income is CHF20.3 Mil as of Dec. 2025. GuruFocus rates XSWX:ASCN with a GF Score™ of 69/100 and a GF Value™ of CHF5.83 (Fairly Valued).

Ascom Holding AG's Operating Income for the six months ended in Dec. 2025 was CHF15.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was CHF20.3 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ascom Holding AG's Operating Income for the six months ended in Dec. 2025 was CHF15.3 Mil. Ascom Holding AG's Revenue for the six months ended in Dec. 2025 was CHF152.1 Mil. Therefore, Ascom Holding AG's Operating Margin % for the quarter that ended in Dec. 2025 was 10.06%.

Good Sign:

Ascom Holding AG operating margin is expanding. Margin expansion is usually a good sign.

Ascom Holding AG's 5-Year average Growth Rate for Operating Margin % was 3.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ascom Holding AG's annualized ROC % for the quarter that ended in Dec. 2025 was 17.72%. Ascom Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 137.50%.

Ascom Holding AG  (XSWX:ASCN) Operating Income Explanation

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

Ascom Holding AG'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: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=30.6 * ( 1 - 14.57% )/( (149.6 + 145.5)/ 2 )
=26.14158/147.55
=17.72 %

where

Invested Capital(Q: Jun. 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))
=190.5 - 11.4 - ( 29.5 - max(0, 87.9 - 137.1+29.5))
=149.6

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))
=199.6 - 24.5 - ( 29.6 - max(0, 88.8 - 147+29.6))
=145.5

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Ascom Holding AG'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: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=26.4/( ( (9.8 + max(0.19999999999999, 0)) + (9.4 + max(19, 0)) )/ 2 )
=26.4/( ( 10 + 28.4 )/ 2 )
=26.4/19.2
=137.50 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(51.8 + 36.3 + 0) - (11.4 + 0 + 76.5)
=0.19999999999999

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(65.4 + 35 + 7.4) - (24.5 + 0 + 64.3)
=19

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Ascom Holding AG'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 )
=15.3/152.1
=10.06 %

* 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.

Ascom Holding AG Operating Income Related Terms

Ascom Holding AG Operating Income Historical Data

* Premium members only.

The historical data trend for Ascom Holding AG'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.

Ascom Holding AG Operating Income Chart

Ascom Holding AG 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 15.80 13.90 20.20 7.60 20.30

Ascom Holding AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 14.10 4.00 3.60 5.00 15.30
XSWX:ASCN
69GF Score
Ascom Holding AG XSWX:ASCN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Ascom Holding AG 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 semi-annually data reported by the company within the most recent 12 months, which was CHF20.3 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 CHF20.3 Mil mean?
Ascom Holding AG (XSWX:ASCN) has a Operating Income of CHF20.3 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ascom Holding AG and its competitors.
Is Ascom Holding AG's Operating Income too high?
Ascom Holding AG's current Operating Income is CHF20.3 Mil. Overall, Ascom Holding AG has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ascom Holding AG's Operating Income compare to VEEV and BTSG?
Ascom Holding AG's Operating Income of CHF20.3 Mil can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Operating Income depends on the Healthcare Providers & Services 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 Ascom Holding AG and its competitors. Ascom Holding AG's current Operating Income is CHF20.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ascom Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Ascom Holding AG (XSWX:ASCN) is currently considered Fairly Valued. The stock's GF Value™ is CHF5.83, compared to a current price of CHF5.97 — trading 2.4% above its estimated fair value. The current Operating Income is CHF20.3 Mil. Ascom Holding AG's overall GF Score™ is 69/100. 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 Ascom Holding AG (XSWX:ASCN), the current Operating Income is CHF20.3 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 Ascom Holding AG (XSWX:ASCN) Overvalued in 2026?

Based on GuruFocus' analysis, Ascom Holding AG stock appears to be overvalued. The current stock price of CHF5.97 is trading 2.4% above its estimated GF Value™ of CHF5.83. GuruFocus considers Ascom Holding AG to be Fairly Valued.

Key valuation signals for XSWX:ASCN:

  • Operating Income: CHF20.3 Mil
  • GF Value™: CHF5.83 vs. price of CHF5.97 (2.4% above fair value)
  • GF Score™: 69/100

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

Ascom Holding AG Business Description

Address Zugerstrasse 32, Baar, CHE, 6340
Ascom Holding AG is a solutions provider of ICT and mobile workflow solutions in the healthcare and enterprise sectors. The company consists of a business unit, the purpose of which is to use its product and solutions portfolio and software architecture capabilities to devise integration and mobilization solutions that provide digitalized, complete, and efficient workflows for healthcare as well as for industry, security, and retail sectors. The company has three segments OEM, Enterprise, and Healthcare. It derives a majority of revenue from the healthcare segment.
69GF Score

Get the complete analysis for XSWX:ASCN

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

CHF5.97
Price
CHF5.83
GF Value