Straumann Holding AG (XSWX:STMN) Operating Income: CHF549 Mil (TTM As of Dec. 2025)


XSWX:STMN Straumann Holding AG XSWX:STMN
98 GF Score
Price CHF108.60
GF Value CHF137.04
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Straumann Holding AG Operating Income?

Straumann Holding AG XSWX:STMN +2.07% 98 Operating Income is CHF549 Mil as of Dec. 2025. GuruFocus rates XSWX:STMN with a GF Score™ of 98/100 and a GF Value™ of CHF137.04 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Straumann Holding AG's Operating Income for the six months ended in Dec. 2025 was CHF220 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was CHF549 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Straumann Holding AG's Operating Income for the six months ended in Dec. 2025 was CHF220 Mil. Straumann Holding AG's Revenue for the six months ended in Dec. 2025 was CHF1,257 Mil. Therefore, Straumann Holding AG's Operating Margin % for the quarter that ended in Dec. 2025 was 17.47%.

Good Sign:

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

Straumann Holding AG's 5-Year average Growth Rate for Operating Margin % was 9.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Straumann Holding AG's annualized ROC % for the quarter that ended in Dec. 2025 was 11.93%. Straumann Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.59%.


Straumann Holding AG  (XSWX:STMN) Operating Income Explanation

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

Straumann 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 )
=439.254 * ( 1 - 26.29% )/( (2529.277 + 2898.784)/ 2 )
=323.7741234/2714.0305
=11.93 %

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))
=3511.832 - 647.576 - ( 334.979 - max(0, 892.473 - 1467.346+334.979))
=2529.277

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))
=3758.162 - 369.809 - ( 489.569 - max(0, 743.609 - 1646.272+489.569))
=2898.784

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:

Straumann 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 )
=130.76/( ( (717.931 + max(239.894, 0)) + (730.273 + max(389.157, 0)) )/ 2 )
=130.76/( ( 957.825 + 1119.43 )/ 2 )
=130.76/1038.6275
=12.59 %

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)
=(640.954 + 458.053 + 33.36) - (647.576 + 0 + 244.897)
=239.894

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(494.986 + 476.138 + 140.133) - (369.809 + 0 + 352.291)
=389.157

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 %:

Straumann 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 )
=219.627/1257.194
=17.47 %

* 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.


Straumann Holding AG Operating Income Related Terms


Straumann Holding AG Operating Income Historical Data

* Premium members only.

The historical data trend for Straumann 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.

Straumann Holding AG Operating Income Chart

Straumann 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 536.51 535.35 598.05 601.00 549.24

Straumann 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 286.20 336.06 264.94 329.61 219.63
XSWX:STMN
98GF Score
Straumann Holding AG XSWX:STMN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Straumann 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 CHF549 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 CHF549 Mil mean?
Straumann Holding AG (XSWX:STMN) has a Operating Income of CHF549 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Straumann Holding AG and its competitors.
Is Straumann Holding AG's Operating Income too high?
Straumann Holding AG's current Operating Income is CHF549 Mil. Overall, Straumann Holding AG has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Straumann Holding AG's Operating Income compare to ISRG and BDX?
Straumann Holding AG's Operating Income of CHF549 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 Straumann Holding AG and its competitors. Straumann Holding AG's current Operating Income is CHF549 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Straumann Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Straumann Holding AG (XSWX:STMN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF137.04, compared to a current price of CHF108.60 — trading 20.8% below its estimated fair value. The current Operating Income is CHF549 Mil. Straumann Holding AG's overall GF Score™ is 98/100 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 Straumann Holding AG (XSWX:STMN), the current Operating Income is CHF549 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 Straumann Holding AG (XSWX:STMN) Overvalued in 2026?

Based on GuruFocus' analysis, Straumann Holding AG stock appears to be undervalued. The current stock price of CHF108.60 is trading 20.8% below its estimated GF Value™ of CHF137.04. GuruFocus considers Straumann Holding AG to be Modestly Undervalued.

Key valuation signals for XSWX:STMN:

  • Operating Income: CHF549 Mil
  • GF Value™: CHF137.04 vs. price of CHF108.60 (20.8% below fair value)
  • GF Score™: 98/100 with 7 warning signs

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


Straumann Holding AG Business Description

Address Peter Merian-Weg 12, Basel, CHE, 4002
Straumann is a global leader in tooth replacement and orthodontics solutions. Its line of products includes dental implants, abutments, clear aligners, biomaterials, and computer-aided design/computer-aided manufacturing equipment. The firm's core products are dental implants, and it holds over one third of the CHF 6 billion global market. Originally a pure premium implant player, Straumann entered the value market in 2012 with its acquisition of Neodent. Straumann now accounts for almost half of the global premium market and around 15% of the value market. While its premium product catalog is marketed under Straumann, its value brands include Neodent, Anthogyr, and Medentika as well as other local and regional brands.
98GF Score

Get the complete analysis for XSWX:STMN

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

CHF108.60
Price
CHF137.04
GF Value