LTM Income Statement

1 minutes read
Last updated: November 6, 2023

Now, let’s calculate the target’s last-twelve-month (“LTM”) income statement. To do so, we simply take the last fiscal year results, add the most recent stub period, and subtract the same stub period from twelve months earlier. We have entered our LTM inputs taken from 10-Q SEC filings to the right of the income statement (you may have to scroll right to see them), and added a LTM column to the income statement. Several key metrics, including valuation and capital structure multiples, are calculated using LTM figures.


Download Template

LTM Income Statement

Try Macabacus for free to accelerate financial modeling in Excel.

Create Financial Models 10x Faster with Macabacus

Gain access to 100+ shortcuts, formula auditing visualizations, easy Excel-to-PowerPoint linking and productivity tools to help you accelerate financial modeling and presentations.

Start your Free Trial

Discover more topics

Build an operating model
In this tutorial, we will walk through how to build a general industry business operating model.
Read more
Build an M&A model
In this section, we demonstrate how to model a merger of two public companies in Excel.
Read more
Build an LBO model
In this tutorial, we will walk you through building an LBO model in Excel.
Read more
Asset and Stock Deals
The first step in purchase price allocation, or PPA, is to determine the purchase price.
Read more