Build a simple P&L statement online, see gross and net profit instantly, and download a spreadsheet-ready CSV. No signup required.
A contractor with $10,000 revenue, $2,500 direct costs and $3,200 operating expenses has $7,500 gross profit and $4,300 net profit, a 43% net margin.
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A profit and loss statement covers a defined period. Start with revenue, subtract direct costs to find gross profit, then subtract operating expenses to find net profit.
Gross profit = revenue − cost of goods sold. Net profit = gross profit − operating expenses. Contractors can put direct project costs under cost of goods sold and software, insurance, advertising and professional fees under operating expenses.
A profit and loss statement summarizes revenue, direct costs, operating expenses and net profit over a defined period. It is also called an income statement.
Gross profit equals revenue minus cost of goods sold. Net profit equals gross profit minus operating expenses.
Yes. Enter client income as revenue, direct project costs as cost of goods sold, and ordinary business overhead as operating expenses.
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General information only; reviewed August 2026.