Vertical Analysis of Income Statement Excel Template

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Let us take the example of a company named DFG Ltd. that is engaged in the manufacturing of precision components for va
latest annual reportof the company, the following information is available,Prepare a vertical analysis of the income stateme

Income Statement (in millions) Vertical Analysis of Income Statement (in %)

Particulars
2018 2017 2018
Revenue $225.40 $215.80 100.0
Cost of Sales $125.95 $120.50 55.9
Gross Profit $99.45 $95.30 44.1
SG&A Expenses $50.50 $52.30 22.4
Operating Income $48.95 $43.00 21.7
Interest Expense $10.30 $9.20 4.6
Income Tax Expense $10.60 $9.90 4.7
Net Income $28.05 $23.90 12.4
e manufacturing of precision components for various tier I OEMs. As per the
Prepare a vertical analysis of the income statement of the given company.

Analysis of Income Statement (in %)

2017
100.0
55.8
44.2
24.2
19.9
4.3
4.6
11.1
Let us take the example of Apple Inc.’s latest annual report for the year 2018 in order to illustrate the preparation of vertica
income statement excerpt for last three years is available from the annual report,Prepare the vertical analysis of the income

Income Statement (in millions) Vertical Analysis of Income Statement (in %)

Particulars
2018 2017 2016 2018 2017
Net Sales $265,595 $229,234 $215,639 100 100
Cost of Sales $163,756 $141,048 $131,376 61.7 61.5
Gross Profit $101,839 $88,186 $84,263 38.3 38.5
Research and Development $14,236 $11,581 $10,045 5.4 5.1
SG&A Expense $16,705 $15,261 $14,194 6.3 6.7
Operating Income $70,898 $61,344 $60,024 26.7 26.8
Other Income $2,005 $2,745 $1,348 0.8 1.2
Provision for Income Taxes $13,372 $15,738 $15,685 5.0 6.9
Net Income $59,531 $48,351 $45,687 22.4 21.1
 the preparation of vertical analysis of income statement.The following
tical analysis of the income statement for Apple Inc.

Income Statement (in %)

2016
100
60.9
39.1
4.7
6.6
27.8
0.6
7.3
21.2