Example of EBIT
As mentioned, you can find or calculate EBIT from the information on a company's financial statements. To give you an example, we can look at the annual 10-K filing for Apple (AAPL +0.38%) in the 2024 fiscal year. Under its consolidated financial statements, it reported:
- $391.035 billion in total net sales
- $210.352 billion for total cost of sales
- $57.467 billion in total operating expenses
By subtracting the total cost of sales and total operating expenses from Apple's total net sales, we get its EBIT of $123.216 billion. Apple also provides this information in its operating income field, along with operating income for the last two fiscal years, so you can easily compare recent numbers.