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EBITDA Calculator
Calculate EBITDA for any US-listed stock or enter values manually. Pulls net income, taxes, interest, and D&A from live filings, shows TTM vs annual results, and benchmarks the margin against your sector.
Enter a ticker to calculate EBITDA
Try AAPL, MSFT, or any US-listed company. The calculator pulls net income, income taxes, interest expense, and D&A from live filings and computes EBITDA along with the margin vs. your sector benchmark.
RELATED TOOLS
EV/EBITDA calculator — the standard valuation multiple →Free cash flow calculator — the number EBITDA omits →EBITDA margin screener — rank the market by margin →Read the difference between EBITDA and free cash flow in the FCF vs. EBITDA guide.
What Is EBITDA?
EBITDA — Earnings Before Interest, Taxes, Depreciation, and Amortization — strips the income statement down to core operating earnings. By removing the effects of how a company is financed (interest), how governments tax it, and how it accounts for the gradual use of its assets (D&A), EBITDA gives you a cleaner view of the cash-generating engine:
| Component | Why it is added back |
|---|---|
| Net Income | The starting point — profit after all expenses |
| + Income Tax Expense | Varies by jurisdiction and tax strategy, not operations |
| + Interest Expense | Reflects capital structure (debt), not operating performance |
| + Depreciation & Amortization | Non-cash accounting charge for using assets over time |
| = EBITDA | Operating earnings before financing and accounting adjustments |
EBITDA is widely used in valuation (EV/EBITDA), loan covenants, and peer comparisons precisely because it lets you compare a debt-heavy manufacturer against a debt-free software company on the same plane.
How to Use This Calculator
Enter a ticker or go manual
Type any US-listed ticker to auto-populate net income, taxes, interest, and D&A from live filings — or switch to Manual to enter your own numbers.
Read the EBITDA result
The calculator shows the formula breakdown, the absolute EBITDA figure, and — when revenue is available — the EBITDA margin as a percentage of revenue.
Benchmark against the sector
Compare the EBITDA margin to the sector benchmark table. A margin well above the sector median signals pricing power or operating leverage.
Pair with free cash flow
EBITDA omits capex — run the FCF calculator alongside to see whether operating earnings actually turn into cash after maintenance spending.
Key Concepts
EBITDA vs. operating income
Operating income (EBIT) already excludes interest and taxes but still includes D&A. EBITDA goes one step further, making it more comparable across industries with different asset intensities. Capital-light software companies look similarly profitable on both measures; heavy manufacturers look better on EBITDA.
Why lenders use EBITDA
Debt covenants often reference EBITDA because it approximates the cash flow available to service debt before capex. A Net Debt/EBITDA ratio above 4–5× is typically considered stretched; below 2× is conservative. The Net Debt/EBITDA screener ranks the market on this ratio.
EV/EBITDA valuation
Enterprise Value ÷ EBITDA is the standard M&A and LBO entry-point multiple. It strips out capital structure, so a company with 40% debt and one with none can be compared fairly. The EV/EBITDA calculator runs this multiple for any ticker.
The D&A add-back trap
Depreciation is non-cash, but it represents the real economic cost of using physical assets. Companies that underinvest in maintenance can sustain high EBITDA while their asset base deteriorates. Always check capex vs. depreciation: if capex persistently lags D&A, EBITDA is overstating economic reality.
Frequently Asked Questions
What is EBITDA?
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It measures core operating profitability by stripping out financing costs, tax effects, and non-cash depreciation charges.
How is EBITDA different from net income?
Net income is the bottom line after all costs. EBITDA adds back interest, taxes, and D&A to isolate the operating engine. It is higher than net income for most companies and better for cross-company comparisons.
What is a good EBITDA margin?
It depends on the sector. REITs and utilities often exceed 35% because of large D&A. Technology firms aim for 20–30%. Consumer discretionary and industrials typically run 12–18%. Use the sector benchmark table on this calculator rather than a single threshold.
What are EBITDA's limitations?
EBITDA ignores capital expenditures and working capital needs — two real cash drains. It overstates the profitability of capital-intensive businesses. Pair it with free cash flow, which deducts capex, for a complete picture.
How does EBITDA relate to enterprise value?
EV/EBITDA is the standard deal multiple in M&A. Enterprise value (market cap plus net debt) divided by EBITDA shows how many years of operating earnings a buyer pays. Typical ranges are 8–15× for mature sectors, higher for growth. It allows fair comparison across companies with different debt loads.
FINISHED THE NUMBERS?
A calculator gives you one number. The report gives you the argument.
EBITDA in context — margins, trends, debt capacity, and whether the valuation holds — on any public company.
See a sample report →