Profit and Loss Template
Download CFI’s free P&L template and Excel file. Enter your own numbers and edit both the monthly and annual worksheets.
Waterfall Chart Template
Get the free Excel waterfall chart template, a great way to graph changes and impacts of financial metrics in Excel
Budget Template
For effective business planning is critical to have a good budget template that tracks revenues and expenses and is easy to use
3 Statement Financial Model
Download CFI’s free 3 statement financial model to learn how the income statement, balance sheet, and cash flow statement are linked
Cash Flow Statement
Download the cash flow statement template to portray a company’s cash from operations, investing and financing
DCF Model
Download a free DCF model template to calculate the net present value (NPV) of a business using a discount rate and free cash flow
List of Excel Templates
Explore and download the free Excel templates below to perform different kinds of financial calculations, build financial models and documents, and create professional charts and graphs. CFI’s template library has hundreds of free Excel file downloads to help you become a world-class financial analyst.
Financial Models and Schedules
| Balance Sheet | This balance sheet template provides you with a foundation to build your own company's financial statement showing the total assets, liabilities and shareholders' equity. |
financial_model
balance_sheet
|
| Income Statement | This income statement template provides you with a foundation to build your own monthly or annual summary of revenues and expenses. |
financial_model
income_statement
|
| Profit and Loss (P&L) Statement | This profit and loss (P&L) statement template summarizes a company's income and expenses for a period of time to arrive at its net earnings for the period. |
financial_model
p&l
|
| Cash Flow Statement | This cash flow statement template provides you with a foundation to record operating, investing and financing cash flows annually. |
financial_model
cash_flow_statement
|
| DCF Model | This DCF model template provides you with a foundation to build your own discounted cash flow model with different assumptions. |
financial_model
dcf_model
|
| Property Plant and Equipment Schedule | This property plant and equipment (PP&E) schedule template will help you keep track of PP&E balances and depreciation costs. |
financial_model
pp&e_schedule
depreciation
|
| Bank Reconciliation Statement | This bank reconciliation statement template shows you how to calculate the adjusted cash balance using the bank statement and a company's accounting record. |
financial_model
bank_reconciliation
|
| Operating Budget | This operating budget template helps you prepare your monthly and annual revenue, costs and expenses budget. |
financial_model
operating_budget
|
| Project Budget | This project budget template provides you with a tool to summarize the cost budget for a project. |
financial_model
project_budget
|
| Cash Budget | This cash budget template will help you plan your cash inflows and outflows on a monthly basis. |
financial_model
cash_budget
|
| Personal Financial Statement | This personal financial statement template is a great tool to keep track your personal assets, liabilities, income and expenses. |
financial_model
financial_statement
|
| Consolidation Model | This consolidation model template helps you summarize the financial performance of multiple business units into a consolidated model. |
financial_model
consolidation
|
| Capitalization Table | This capitalization table template is a helpful tool for a startup company or early-stage venture to list all the company’s securities. |
cap_table
|
| Cohort Analysis | This cohort analysis template is a useful tool for customer behavior analysis using a large data set. |
cohort_analysis
|
| 3 Statement Model | This 3 statement financial model links the income statement, balance sheet & cash flow |
financial_model
financial_statements
|
Financial Calculations
| Working Capital | This working capital template allows you to calculate working capital using the formula: Working capital = current assets – current liabilities |
financial_measure
calculation
|
| CapEx Formula | This CapEx formula template helps you calculate the amount of capital expenditures using numbers in the income statement and balance sheet. |
financial_measure
calculation
|
| Marginal Cost Calculator | This marginal cost calculator allows you to calculate the additional cost of producing more units using the formula: Marginal Cost = Change in Costs / Change in Quantity |
financial_measure
calculation
|
| Cost of Goods Manufactured | This cost of goods manufactured template lays out a schedule of COGM using the amount of direct materials, direct labor, manufacturing overhead and work in process inventory. |
accounting_measure
calculation
|
| CAPM Formula | This CAPM formula template will help you calculate the required rate of return for investing in a security given the risk-free return and risk premium. |
expected_return
risk
calculation
|
| Equity Beta Asset Beta Conversion | This equity beta asset beta conversion template allows you to convert between equity beta and asset beta. |
financial_ratios
unlevered_beta
levered_beta
conversion
|
| Market to Book (Price to Book) Ratio | This market to book ratio template allows you to calculate the Market/Book ratio using the market capitalization and the net book value. |
financial_valuation_metric
market_price
book_value
|
| Discount Factor | This discount factor template helps you calculate the amount of discounted cash flows using explicit discount factors. |
calculation
cash_flow
discount
|
| Return on Investment Calculator | This return on investment calculator will show you how to calculate ROI using four different approaches. |
financial_ratio
ROI
|
| Market Value of Debt | This market value of debt template shows you how to calculate the market value of debt given the FV of total debt, interest expense, cost of debt and weighted average maturity. |
financial_measure
debt
calculation
|
| Leverage Ratios | This leverage ratios template helps you calculate five commonly used leverage ratios. |
financial_ratios
leverage_ratios
|
| Enterprise Value vs Equity Value Calculator | This enterprise value vs equity value calculator will allow you to compare the equity value of two companies with the same enterprise value but different capital structures. |
financial_measure
enterprise_value
equity_value
|
| Sensitivity Analysis Table | This sensitivity analysis table template helps you predict sales revenue based on changes in input variables including traffic growth, unit price and sales volume. |
financial_analysis
variables
sensitivity
|
| EBITDA Multiple | This EBITDA multiple template helps you find out the EBITDA multiple given the line items for determining the enterprise value. |
financial_ratio
valuation
calculation
|
| WACC Calculator | This WACC calculator helps you calculate WACC based on capital structure, cost of equity, cost of debt and tax rate. |
financial_measure
cost_of_capital
|
| Cash Flow Reconciliation | This cash flow reconciliation template will help you differentiate between EBITDA, CF, FCF and FCFF. |
cash_flows
reconciliation
calculation
|
| Effective Annual Interest Rate Calculator | This effective annual interest rate calculator helps you calculate the EAR given the nominal interest rate and number of compounding periods. |
interest_rate
calculation
|
| Tax Shield Example | This tax shield example template shows how interest tax shield and depreciated tax shield are calculated. |
tax_shield
calculation
|
| Net Working Capital | This net working capital template allows you to compute the net working capital using the formula: Net Working Capital = Current Assets (less cash) – Current Liabilities (less debt) |
financial_measure
calculation
|
| Accounting Rate of Return | This accounting rate of return template will demonstrate two examples of ARR calculation. |
financial_measure
rate_of_return
|
| Return on Assets | This return on assets template will help you calculate return on assets using net income and the amount of start of period and end of period assets. |
financial_measure
return_on_assets
|
| EV/EBITDA | This EV/EBITDA template guides you through the calculation of EV/EBITDA using figures from an Income Statement. |
financial_ratio
valuation_metric
|
| Earnings Per Share | This earnings per share template helps you calculate basic and diluted EPS given information on common and preferred shares. |
financial_ratio
calculation
|
| EBITDA Margin | This EBITDA margin template shows you how to calculate EBITDA margin using revenue amounts and EBITDA. |
financial_ratio
profitability_ratio
|
| Economic Value Added | This economic value added template guides you to compute EVA using the amount of capital invested, WACC and NOPLAT. |
financial_measure
profitability
|
| Market Risk Premium | This market risk premium template will show you how to compute the market risk premium using the expected rate of return and risk-free rate. |
financial_measure
market_risk_premium
|
| Perpetuity Calculator | This perpetuity calculator shows you how to compute present value of perpetuity and perpetuity with growth. |
cash_flows
present_value
perpetuity
|
| EBIT vs EBITDA | This EBIT vs EBITDA template will help you distinguish between EBIT and EBITDA calculations. |
financial_measure
ebit
ebitda
|
| XIRR vs IRR | This XIRR vs IRR template allows you to differentiate between the use of IRR and XIRR functions to compute the internal rate of return. |
financial_measure
internal_rate_of_return
|
| Debt Equity Ratio | This debt equity ratio template shows you how to calculate D/E ratio given the amounts of short-term and long-term debt and shareholder's equity. |
financial_measure
valuation
|
| Quick Ratio | This quick ratio template helps you calculate the quick ratio given the amount of cash, marketable securities, accounts receivable and accounts payable. |
financial_measure
liquidity_ratio
|
| Diluted EPS Formula | This diluted EPS formula template shows you how to compute the diluted earnings per share using information from income statement and an employee option schedule. |
financial_measure
diluted_eps
|
| Margin of Safety | This margin of safety template will allow you to calculate the margin of safety given the profits and break-even point. |
financial_measure
profitability
breakeven_point
|
| Exchange Ratio | This exchange ratio template shows you how to calculate an exchange ratio using the offer price for the target's shares and the acquirer's share price. |
financial_ratio
exchange_ratio
|
| Comparable Company Analysis | This comparable company analysis template demonstrates how to compute and compare valuation ratios of industry competitors. |
financial_ratios
valuation
|
| Present Value of Growth Opportunities | This present value of growth opportunities template shows you how to calculate the PVGO given the market price of stock, required rate of return and expected earnings. |
financial_measure
pvgo
|
| Expected Return | This expected return template will demonstrate the calculation of expected return for a single investment and for a portfolio. |
financial_measure
expected_return
|
| Adjusted Present Value | This adjusted present value template guides you through the calculation of APV starting with the value of unlevered project and PV of debt financing. |
valuation
financial_measure
|
| Markup Calculator | This markup calculator shows you how to compute the markup amount and percentage given the selling price and cost of purchase. |
financial_ratio
markup
|
| Crossover Rate | This crossover rate template will demonstrate how to calculate the NPV of different projects and plot the NPV profiles to identify the crossover rate. |
valuation_ratio
crossover_rate
|
| Cost of Preferred Stock Calculator | This cost of preferred stock calculator shows you how to calculate the cost of preferred stock given the dividend, stock price and growth rate. |
financial_measure
calculation
|
| Salvage Value | This salvage value template shows the calculation of salvage value of an equipment. |
financial_measure
salvage_value
|
| Unlevered FCF | This unlevered FCF template will show you how to compute the unlevered free cash flows with EBIT, tax, depreciation & amortization, change in NWC and Capex. |
financial_measure
unlevered_fcf
|
| Treasury Stock Method Calculator | This treasury stock method calculator helps you find the additional shares outstanding using the formula: Additional shares outstanding = Additional shares (1 - Strike Price / Average Price) |
treasury_stock
calculator
|
| Sharpe Ratio Calculator | This sharpe ratio calculator template demonstrates the calculation of sharpe ratio to determine an investment's performance relative to risk. |
financial_ratio
sharpe_ratio
|
| Target Costing | This target costing template shows you how to find the target cost given the selling price and profit margin. |
financial_measure
target_costing
|
| Operating Income | This operating income template shows you how to calculate operating income using line items from the income statement. |
financial_measure
operating_income
|
| Straight Line Depreciation | This straight line depreciation template demonstrates how to calculate depreciation expense using the straight line depreciation method. |
financial_measure
depreciation
|
| Return on Equity | This return on equity template helps you calculate the ROE using the formula: ROE = Net Income / Shareholder’s Equity |
financial_ratio
roe
|
| Weighted Average Shares Outstanding | This weighted average shares outstanding template shows you how to calculate the weighted average shares outstanding using quarterly data. |
calculation
shares_outstanding
|
| Cost of Goods Sold | This cost of goods sold template demonstrates three methods of COGS accounting: FIFO, LIFO and weighted average. |
financial_measure
cogs
|
| Fixed Asset Turnover | This fixed asset turnover template teaches you how to calculate the fixed asset turnover ratio using the formula: Fixed Asset Turnover = Net Sales / Average Fixed Assets. |
financial_ratio
|
| Unlevered Cost of Capital | This unlevered cost of capital template shows you how to compute the unlevered cost of capital given the risk free rate, unlevered beta and expected market return. |
financial_measure
cost_of_capital
|
| Variance Formula | This variance formula template helps you find out the variance between actual and forecast financial figures. |
financial_measure
variance
|
| Variance Analysis | This variance analysis template guides you through the process of variance analysis using the column method. |
financial_measure
variance
|
| NOPAT | This NOPAT template shows you how to calculate the net operating profit after tax using the income statement. |
financial_measure
profit
|
| Forward P/E Ratio | This forward P/E ratio template helps you find out the forward P/E ratio given the share price and earnings per share of stocks. |
financial_ratio
valuation
|
| Economic Order Quantity | This economic order quantity template helps you identify the optimal order quantity which minimizes the cost of ordering and holding inventory. |
financial_measure
eoq
|
| Geometric Mean | This geometric mean template helps you compare investment options by calculating the final value of investments using geometric mean. |
financial_calculation
|
| Payback Period | This payback period template will help you visualize and determine the period of time a company takes to recoup its investment. |
financial_calculation
payback
|
| Net Income | This net income template shows you the calculation of net income using line items from an income statement. |
financial_measure
net_income
|
| Free Cash Flow | This free cash flow template shows you how to calculate free cash flow using a cash flow statement. |
financial_measure
fcf
|
| Equity Risk Premium | This equity risk premium template shows you how to calculate equity risk premium given the risk-free rate, beta of stock and expected return on the market. |
financial_measure
capm
|
| Days Sales Outstanding | This days sales outstanding template demonstrates the calculation of the number of days it takes to collect all accounts receivable. |
financial_measure
accounts_receivable
|
| Capital Gains Yield Calculator | This capital gains yield calculator demonstrates how to calculate the capital gains yield using the purchase price and current price of a stock. |
financial_calculation
capital_gains_yield
|
| Contribution Analysis | This contribution analysis template helps you calculate the total and per unit contribution margin. |
financial_measure
contribution_margin
|
| Funds From Operations | This funds from operations template allows you to calculate the FFO using the formula: FFO = Net Income + (Depreciation expense + Amortization expense + Losses on sale of assets) – (Gains on sale of assets + Interest income) |
financial_measure
ffo
|
| Net Identifiable Assets | This net identifiable assets template will show you how to calculate the net identifiable assets given the value of assets and liabilities of an acquired company. |
financial_measure
calculation
|
| Earnings Before Tax | This earnings before tax template shows you how to calculate the earnings before tax using line items in the income statement. |
financial_measure
EBT
|
| Leveraged Finance | This leveraged finance template shows the calculation of internal rate of return of an investment with different levels of leverage. |
financial_measure
leveraged_finance
|
| LTM Revenue | This LTM revenue template demonstrates the calculation of last-twelve-month revenue. |
financial_measure
revenue
|
| Sharpe Ratio Table | This sharpe ratio table template demonstrates the calculation of sharpe ratio given the expected portfolio return, risk-free rate and standard deviation of the portfolio return. |
financial_ratio
sharpe_ratio
|
| Earnings Before Interest & Taxes | This earnings before interest & taxes template helps you calculate enterprise value, EBIT and the EV/EBIT ratio. |
financial_measure
EBIT
|
| Cost Behavior Analysis | This cost behavior analysis template shows you how a cost changes with changes in the level of activity relating to that cost. |
cost_behavior_analysis
|
| Revenue Variance Analysis | This revenue variance analysis template demonstrates how to use the column-based approach to calculate the three different types of revenue variance. |
variance_analysis
revenue
|
| Proforma Earnings Per Share | This proforma earnings per share template shows you how to calculate the earnings per share assuming a merger and acquisition takes place. |
financial_measure
eps
|
| Price/Earnings to Growth Ratio Template | This price/earnings to growth ratio template shows you the calculation of PEG ratio given the share price, EPS and EPS growth rate. |
financial_ratio
peg_ratio
|
| Contribution Margin Ratio | This contribution margin ratio template shows you how to calculate the contribution margin, CM percentage and breakeven point. |
financial_ratio
contribution_margin
|
| Days Sales in Inventory | This days sales in inventory template will show you how to find average number of days or time required for a business to convert its inventory into sales. |
financial_measure
inventory
|
| Liquidation Value | This liquidation value template helps you compute the liquidation value given a company's total liabilities and assets in auction value. |
financial_measure
liquidation_value
|
| Additional Paid in Capital | This additional paid in capital template demonstrates the calculation of additional amount of capital paid by investors. |
share_value
capital
|
| Burn Rate | This burn rate template demonstrates how to calculate the gross and net burn rate of cash of a company earning negative profit. |
financial_measure
cash_pool
burn_rate
|
| Working Capital Cycle | This working capital cycle template shows you how to calculate the working capital cycle given the inventory days, receivable days and payable days. |
financial_measure
working_capital
|
| Market Capitalization | This market capitalization template helps you differentiate between market capitalization and enterprise value. |
financial_measure
market_cap
|
| Revenue Run Rate | This revenue run rate template shows you how to calculate the annualized revenue. |
financial_measure
revenue
run_rate
|
| Adjusted EBITDA | This adjusted EBITDA template will guide you through the calculation of adjusted EBITDA by removing any one-time items from EBITDA. |
financial_measure
ebitda
|
| CVP Analysis | This CVP analysis template helps you perform a break-even analysis, calculate margin of safety and find the degree of operating leverage. |
financial_measure
analysis
|
| Sales Tax Decalculator | This sales tax decalculator template will help you calculate the pre-tax price of a good or service when the total price and tax rate are known. |
financial_calculation
pre-tax
|
| Net Debt Calculator | This net debt calculator helps you compute the net debt using the formula: Net debt = Short-term debt + Long-term debt – Cash and equivalents |
financial_calculation
net_debt
|
| Intrinsic Value | This intrinsic value template will demonstrate the calculation of intrinsic value using the discount rate method and certainty factor method. |
financial_measure
intrinsic_value
|
| Dilution | This dilution template helps you identify the impact of dilutive securities on the share price. |
financial_measure
dilution
|
| Depreciation Methods | This depreciation methods template will show you the calculation of depreciation expenses using four types of commonly use depreciation methods. |
financial_calculation
depreciation
|
| Net Present Value | This net present value template helps you calculate net present value given the discount rate and undiscounted cash flows. |
financial_measure
npv
|
| Marginal Cost of Production | This marginal cost of production template will show you how to calculate different types of marginal costs. |
financial_calculation
marginal_cost
|
| Debt to Asset Ratio | This debt to asset ratio template will show how to calculate the Debt/Asset ratio given the amount of assets, short-term and long-term debt. Here is a preview of the debt to asset ratio template: |
financial_ratio
debt_to_asset
|
| Beta Calculator | This beta calculator allows you to measure the volatility of returns of an individual stock relative to the entire market. |
calculation
beta
|
| Cost of Equity Calculator | This cost of equity calculator helps you calculate the cost of equity given the risk free rate, beta and equity risk premium. |
financial_ratio
cost_of_equity
|
| Common Size Analysis | This common size analysis template allows you to compare the financial performance of companies in different sizes on the same scale. |
financial_analysis
common_size
|
| Effective Annual Rate Calculator | This effective annual rate calculator will help you compute the effect annual rate given the nominal interest rate and the number of compounding periods. |
financial_measure
interest_rate
|
Charts and Graphs
| Charts and Graphs Template | This charts and graphs template provides you with 10 different types of charts and graphs used in financial planning and analysis. |
charts
graphs
|
| Efficient Frontier and CAL | This efficient frontier and CAL template demonstrates how to construct a portfolio frontier and CAL line chart to find the optimal portfolio. |
chart
capital_allocation_line
|
| Waterfall Chart | This waterfall chart template guides you step-by-step to construct a waterfall chart using raw data. |
chart
waterfall
|
| Football Field Chart | This football field chart template can be used to summarize a range of values for a business, based on different valuation methods. |
chart
football_field_chart
|
| Gantt Chart | This Gantt chart template will help you build a project schedule using a bar chart. |
chart
gantt_chart
|
| Bullet Chart | This bullet chart template teaches you how to create a bullet chart from scratch to compare actual versus forecasted performance. |
chart
bullet_chart
|
Functions and Shortcuts
| Bloomberg Functions | This Excel spreadsheet contains a list of some of the most common and important functions, keystrokes and shortcuts to know on the Bloomberg Terminal. |
functions
shortcuts
bloomberg
|
| Excel for Finance Functions | This Excel template demonstrates sample calculations using the top 10 most important functions and formulas for finance professionals. |
excel
finance_functions
|