Enter the total revenue, cost of goods sold, sales, operating expenses, and total costs into the calculator. The calculate will generate and display an income statement (Gross Profit + Operating Profit + Net Profit)

- Net Profit Margin Calculator
- Cost of Goods Manufactured Calculator (COGM)
- Degree of Operating Leverage Calculator (+ Formula)
- Net Profit Calculator

## Income Statement Formula

The following 3 equations are used to calculate and generate an income statement.

Gross Profit = Revenue – Cost of Goods Sales

Operating profit = = Sales – COGS – Operating expenses

Net Profit = Revenue – All expenses

## Income Statement Definition

An income statement generally includes 3 metrics. Those are gross profit, operating profit, and net profit. They are 3 key metrics for determining the true profitability of any company. The 3 of them together make a more complete picture than any single metric.

## Income Statement Example

How to calculate an income statement?

**First, determine the gross profit.**Determine the gross profit from the revenue and cost of goods sold.

**Next, determine the operating profit.**Calculate the operating profit using the sales, COGS, and operating expenses.

**Finally, calculate the net profit.**Calculate the net profit using the revenue and total expenses.

## FAQ

**What is an income statement?**

An income statement is a financial statement that displays the gross profit, operating profit, and net profit of a company.

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