Profit Margin Calculator
Enter job revenue and costs, see gross margin, markup %, and profit. Pre-loaded with electrical industry benchmarks.
Labor
% of revenue allocated to overhead (30-45% typical)
Results
Electrical Industry Benchmarks
Save this calculation to your account
Create a free account to save your results, track your numbers over time, and download a branded PDF you can share with your accountant.
Save this calculation to your account
Email these results to yourself
Get a copy you can reference on the job site or attach to a quote.
Results sent! Check your inbox.
Want to save all your calculations?
How to Use This Calculator
1. Enter your job revenue. This is the total amount you charge the customer including all line items.
2. Enter parts and materials cost. Your wholesale cost for wire, breakers, boxes, conduit, fittings, and components.
3. Fill in labor details. Number of techs, total hours, and your burdened hourly cost (wages + payroll taxes + workers comp).
4. Add consumables and overhead. Consumables are tape, connectors, wire nuts, etc. Overhead is typically 30-45% for electrical contractors.
How Profit Margin Works
Labor_Cost = Techs x Hours x Hourly_Rate
Total_Cost = Parts + Labor_Cost + Consumables + (Revenue x Overhead%/100)
Profit = Revenue - Total_Cost
Gross_Margin = (Profit / Revenue) x 100
Markup = (Profit / Total_Cost) x 100
Frequently Asked Questions
What is a good profit margin for electrical contractors?
What is the difference between margin and markup?
How do I calculate overhead for an electrical job?
Why is my electrical profit margin so low?
Related Electrical Tools
Labor Rate
Find out what you actually need to charge per hour to be profitable.
BusinessParts Markup
Calculate sell price and margin on electrical parts at any markup.
BusinessOverhead Calculator
Know your true break-even by adding up all electrical business costs.
BusinessService Call Pricing
Price a service call with electrical-specific parts and labor.