Free Excel Financial Models
207 free Excel financial model templates. DCF, LBO, 3 statement, real estate, SaaS, and more — download instantly, no sign-up.
3 Statement Model
Integrated income statement, balance sheet, and cash flow forecasts.
DCF Model
Discounted cash flow valuation model with explicit forecast, terminal value, and WACC.
Leveraged Buyout Model
Complete LBO analysis with debt financing structures, sponsor returns, and sensitivity to exit scenarios.
Comparable Companies Analysis
Pull trading multiples from peer companies and calculate implied valuation ranges.
M&A Modeling & Valuation
Comprehensive M&A valuation with DCF, comparable companies, and precedent transactions analysis.
Cashflow Model
Detailed monthly and annual cash flow projections with sweep and liquidity mechanics.
Startup Cash Runway Model
Monthly cash flow projection for seed and early-stage companies showing burn rate, months of runway, and funding milestones.
Cap Table Management Model
Equity ownership tracking and scenario modeling.
Unit Economics Dashboard
Track customer acquisition cost, lifetime value, payback period, and margins by customer segment.
SaaS MRR/ARR Forecast Model
Subscription forecast with logo motion, MRR build, ARR, NRR/GRR, and CAC payback for SaaS businesses.
Working Capital Model
Model cash conversion cycle with DSO, DIO, and DPO to forecast working capital needs.
Budget vs Actuals Tracker
12-month operating P&L variance tracker with YTD summary.
Capex Planning
12-month capex portfolio plan with NPV economics, budget envelope tracking, and traffic-light approval status.
Capital Raising
Staged Seed / Series A / Series B / venture-debt raise with dilution and runway.
Hiring Model
12-month headcount, comp expense, and sales-productivity forecast across five departments.
Payroll Forecast
12-month fully-loaded payroll forecast across five departments.
Browse models by sector
500+ programmatic 3-statement models for individual S&P 500 companies, built from SEC EDGAR filings.
Communication Services
2725 models available
Consumer Discretionary
4746 models available
Consumer Staples
3531 models available
Energy
2423 models available
Financials
6660 models available
Health Care
6259 models available
Industrials
8379 models available
Information Technology
7166 models available
Materials
2118 models available
Other
1312 models available
Real Estate
2424 models available
Utilities
3027 models available
Free Excel financial model templates
Finamodel is a free library of 207 Excel financial model templates built by ex-Deloitte financial professionals. Every template is a working .xlsx file with live formulas, clean formatting, and audit-ready structure — download instantly, no sign-up required.
The catalog covers the core models used in investment banking, private equity, corporate finance, and startup planning: DCF valuation, LBO, 3-statement, M&A accretion / dilution, real estate development pro formas, SaaS ARR projections, and many more — across 27 industries and use cases.
Every file is unlocked and fully editable, so you can tailor inputs, sheets, and formulas to your own deal, company, or sector before sharing.
Frequently asked
Are the financial model templates really free?+
Yes. Every template on Finamodel is free to download as an Excel .xlsx file — no sign-up, no email gate, no credit card. You can use them for personal projects, client work, coursework, or internal analysis at no cost.
What format are the templates?+
All templates are native Microsoft Excel files (.xlsx) with live formulas, named ranges, and standard financial-modelling formatting (blue inputs, black formulas, green links). They open in Excel, Google Sheets, and LibreOffice Calc.
Who built these financial models?+
The templates are built and reviewed by ex-Big Four (Deloitte) financial professionals with backgrounds in audit, valuation, and transaction services. Each model follows investment-banking conventions for structure, formatting, and auditability.
What's the difference between a DCF, LBO, and 3-statement model?+
A 3-statement model links the income statement, balance sheet, and cash flow statement to forecast a company's financials. A DCF (discounted cash flow) values a business by projecting unlevered free cash flow and discounting it at the WACC. An LBO (leveraged buyout) models a private-equity acquisition financed mostly with debt and projects equity returns at exit.
Can I customise a template for my own company or deal?+
Yes. The .xlsx files are fully unlocked — change inputs, add sheets, edit formulas, or reformat as needed to fit your own company, deal, or sector.
Can I use the templates commercially?+
Yes. You can use Finamodel templates for client work, internal analysis, fundraising decks, and coursework. You may not resell or redistribute the templates as-is on competing template marketplaces.
How often are new templates added?+
New templates are added regularly across new industries, deal types, and use cases. Bookmark the homepage to see the latest additions, or browse by category to find models for a specific sector.
Need a custom financial model?
If none of the free templates fit your deal, company, or sector, you can get a bespoke model built to your assumptions and reporting needs.
Get a custom model