Sunday, 8 November 2026 Weekly snapshot · Not investment advice standard-equity.report
Income Statement
Operating Profit
Profit from core operations before interest and taxes (EBIT).
Definition
Operating profit, also called operating income or EBIT (Earnings Before Interest and Taxes), is what's left after all operating expenses — COGS, R&D, sales & marketing, general & administrative — but before financing costs and taxes.
Formula
Revenue − COGS − Operating Expenses
Why it matters
Operating profit isolates the profitability of the core business from how it's financed (interest) or where it's domiciled (taxes). It's the cleanest single number for comparing operational quality across companies.
How Standard Equity uses it
Drives the EV/EBIT multiple in the main table and the interest cover check in the SE Grade. Its margin is in the main table.
The metric
| Category | Income Statement |
|---|---|
| Unit | $M |