Owner Earnings Calculator

Inputs

OE = Net Income + D&A − Maint. CapEx Warren Buffett's measure of the cash a business truly earns for its owners.

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Net Income — TTM ($M)

Depreciation & Amortization ($M)

Total CapEx ($M)

From cash flow statement (Yahoo Finance). Used to estimate maintenance CapEx below.

Maintenance CapEx — % of Total

Buffett's key insight: maintenance CapEx ≠ total CapEx. 70% is a common shortcut. Growth companies may be 50–60%; mature businesses 80–100%.

Results

Enter a ticker above to see owner earnings — Buffett's preferred measure of a business's true earning power.