SoftwareONE Holding AG (XSWX:SWON) Operating Income: CHF100 Mil (TTM As of Dec. 2025)


XSWX:SWON SoftwareONE Holding AG XSWX:SWON
72 GF Score
Price CHF7.74
GF Value CHF15.32
Valuation Possible Value Trap
! 6 Warning Signs
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What is SoftwareONE Holding AG Operating Income?

SoftwareONE Holding AG XSWX:SWON -0.13% 72 Operating Income is CHF100 Mil as of Dec. 2025. GuruFocus rates XSWX:SWON with a GF Score™ of 72/100 and a GF Value™ of CHF15.32 (Possible Value Trap). The stock has 6 warning signs investors should review.

SoftwareONE Holding AG's Operating Income for the six months ended in Dec. 2025 was CHF55 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was CHF100 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. SoftwareONE Holding AG's Operating Income for the six months ended in Dec. 2025 was CHF55 Mil. SoftwareONE Holding AG's Revenue for the six months ended in Dec. 2025 was CHF757 Mil. Therefore, SoftwareONE Holding AG's Operating Margin % for the quarter that ended in Dec. 2025 was 7.28%.

Warning Sign:

SoftwareONE Holding AG operating margin has been in a 5-year decline. The average rate of decline per year is -14.8%.

SoftwareONE Holding AG's 5-Year average Growth Rate for Operating Margin % was -14.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SoftwareONE Holding AG's annualized ROC % for the quarter that ended in Dec. 2025 was 4.23%. SoftwareONE Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 13.62%.

SoftwareONE Holding AG  (XSWX:SWON) Operating Income Explanation

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

SoftwareONE 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 )
=110.138 * ( 1 - 0% )/( (1987.196 + 3218)/ 2 )
=110.138/2602.598
=4.23 %

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))
=4961.176 - 3183.6 - ( 726.586 - max(0, 4111.035 - 3901.415+726.586))
=1987.196

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))
=6789.3 - 4007.9 - ( 434.1 - max(0, 4648 - 4211.4+434.1))
=3218

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:

SoftwareONE 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 )
=11.614/( ( (66.741 + max(-1227.213, 0)) + (103.8 + max(-1128.1, 0)) )/ 2 )
=11.614/( ( 66.741 + 103.8 )/ 2 )
=11.614/85.2705
=13.62 %

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)
=(2846.273 + 0 + 37.549) - (3183.6 + 0 + 927.435)
=-1227.213

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3424.5 + 0 + 73.099999999999) - (4007.9 + 0 + 617.8)
=-1128.1

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 %:

SoftwareONE 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 )
=55.069/756.815
=7.28 %

* 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.

SoftwareONE Holding AG Operating Income Related Terms

SoftwareONE Holding AG Operating Income Historical Data

* Premium members only.

The historical data trend for SoftwareONE 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.

SoftwareONE Holding AG Operating Income Chart

SoftwareONE 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 128.82 152.96 121.73 75.60 99.90

SoftwareONE Holding AG Semi-Annual Data
Dec16 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 62.81 45.89 29.71 44.83 55.07
XSWX:SWON
72GF Score
SoftwareONE Holding AG XSWX:SWON
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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SoftwareONE 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 CHF100 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 CHF100 Mil mean?
SoftwareONE Holding AG (XSWX:SWON) has a Operating Income of CHF100 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on SoftwareONE Holding AG and its competitors.
Is SoftwareONE Holding AG's Operating Income too high?
SoftwareONE Holding AG's current Operating Income is CHF100 Mil. Overall, SoftwareONE Holding AG has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SoftwareONE Holding AG's Operating Income compare to CRM and SHOP?
SoftwareONE Holding AG's Operating Income of CHF100 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 SoftwareONE Holding AG and its competitors. SoftwareONE Holding AG's current Operating Income is CHF100 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SoftwareONE Holding AG stock overvalued right now?
Based on GuruFocus' analysis, SoftwareONE Holding AG (XSWX:SWON) is currently considered Possible Value Trap. The stock's GF Value™ is CHF15.32, compared to a current price of CHF7.74 — trading 49.5% below its estimated fair value. The current Operating Income is CHF100 Mil. SoftwareONE Holding AG's overall GF Score™ is 72/100 with 6 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 SoftwareONE Holding AG (XSWX:SWON), the current Operating Income is CHF100 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 SoftwareONE Holding AG (XSWX:SWON) Overvalued in 2026?

Based on GuruFocus' analysis, SoftwareONE Holding AG stock appears to be undervalued. The current stock price of CHF7.74 is trading 49.5% below its estimated GF Value™ of CHF15.32. GuruFocus considers SoftwareONE Holding AG to be Possible Value Trap.

Key valuation signals for XSWX:SWON:

  • Operating Income: CHF100 Mil
  • GF Value™: CHF15.32 vs. price of CHF7.74 (49.5% below fair value)
  • GF Score™: 72/100 with 6 warning signs

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

SoftwareONE Holding AG Business Description

Address Riedenmatt 4, Stans, CHE, CH-6370
SoftwareONE Holding AG is engaged in providing cloud technology solutions. It generates its revenue from Software and Cloud Marketplace by arranging software license agreements between software providers and end customers and managing cloud subscriptions for them (point in time). Revenue from Software and Cloud Services is generated by providing services to customers (over time), the sale of on-premise software only used to provide software asset management solutions and the resale or sale of self-developed on-premise software. DACH, rEMEA, NORAM, LATAM and APAC are the geographical segments of the company. It derives maximum revenue from DACH (Germany, Austria and Switzerland) segment.
72GF Score

Get the complete analysis for XSWX:SWON

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

CHF7.74
Price
CHF15.32
GF Value