Gross profit and net income are widely followed measures of a company’s profitability. They both gauge performance but in different ways by focusing on all or only a select few expenses. Gross profit ...

The income statement is a step-by-step guide that reveals how much income your business makes and where it goes. The net sales figure is what remains after all sales discounts, returns and allowances ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

In simple terms, a company's net income is its total revenue minus all business expenses, taxes and debt payments. A business with costs greater than the amount of revenue it brings in over the course ...

Brian Beers is a digital editor, writer, Emmy-nominated producer, and content expert with 15+ years of experience writing about corporate finance & accounting, fundamental analysis, and investing. Dr.

If you’ve been using the terms “revenue” and “income” interchangeably, it’s time to stop. Although they have much in common, there are crucial differences between these two financial terms. Business ...