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Profit is the money earned by a business when its total revenue exceeds its total expenses. Profit margin is profit stated as a percentage of revenue.
Any profit a company generates goes to its owners, who may choose to distribute the money to shareholders as income or allocate it back into the business to finance further company growth. The method of calculating profit is simple: subtract a business’s expenses from its total revenue over a fixed amount of time.
Three Primary Levels of Profit
There are three primary levels of profit of interest to investors: gross profit, operating profit, and net profit.
Gross Profit
Gross profit subtracts only the direct cost of producing goods from the total revenue. Since the cost of producing goods is an inevitable expense, some investors view this as a measure of a company’s overall ability to generate profit.
Operating Profit
Operating profit takes into account both the cost of goods sold and operating expenses such as selling, general and administrative costs (otherwise known as SG&A).
Net Profit
Net profit, or the bottom line, is the money left over after subtracting all expenses from total revenue. Net profit can refer to earnings before or after tax, so some use “net-net” to clarify net profit after taxes.
Investors use all three metrics as a way to evaluate a company’s health, but profit often is in reference to net profit.
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Do you want help making sense of how much money your company can generate before taxes? Reach out to a financial advisor in West Palm Beach, FL today! We’re experts in all aspects of finance and accounting, including understanding profit margins. If you are located outside this area, you may also visit our financial advisors page to see the areas we serve.