EBIT calculator: the reconciliation walker
For the FP'A analyst who already knows what a 10-K looks like. Type any of the four headline figures, or paste a snippet into the parser. Numbers are right-aligned and monospaced. Every add-back is labelled. Nothing is hidden behind a drawer.
Net Income
$142.3M
Operating Income
$198.1M
+Interest expense$8.2M
+Income tax provision$47.6M
EBIT
$211.4M
+Non-operating items$13.3M
EBITDA
$247.9M
+D&A$36.5M
EBIT (earnings before interest and taxes) measures a company's operating profit before financing costs and income tax. Compute EBIT three ways: from the top (Revenue minus COGS minus operating expenses), from the middle (Operating Income plus non-operating items), or from the bottom (Net Income plus Interest expense plus Income tax provision)[FASB ASC][SEC].
Damodaran Jan-2026 EBIT margin medians (US)
Software (System)23.4%
Software (App)15.6%
Banking (Regional)31.2%
Retail (General)4.8%
Auto & Truck5.1%
Healthcare Equip.12.7%
Oil/Gas (Integrated)11.4%
Pharma (Drugs)13.9%
Four rails
The site is built around four orbits the FP'A analyst or PE associate cycles through during a board prep or LBO sense-check.
Rail 1 - Methods
Rail 2 - Extensions
Tools
- Multi-year trend - paste 3-5 years and get the trajectory.
- 10-K paste parser - paste a snippet, the parser auto-populates the walker.
- Permalink share - URL-encoded scenario links, no server-side storage.
- CSV export - ungated, drop straight into Excel.
UK and IFRS
IFRS 16 lease accounting and FRS 102 statutory presentation change how EBIT lands. See the UK / IFRS variant for the LBO sense-check version.