Income Statement Pro Forma
Corporate Finance Excel Template (Free Download)
Turn revenue growth, margins, operating expenses, and tax assumptions into a clear projected income statement output.
professionals from Deloitte
About this pro forma
This pro forma presents the projected income statement from revenue through net income. The underlying Excel model is the engine: revenue drivers, cost of sales, operating expenses, depreciation, interest, taxes, and checks are linked into a consistent forward-looking P&L.
Use the output for budgeting, management planning, lender materials, and scenario analysis where the projected earnings path must be easy to review.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Income Statement Pro Forma
- Projected revenue and revenue growth
- Projected cost of sales and gross profit
- Projected operating expenses and EBITDA
- Projected depreciation, EBIT, interest, and EBT
- Projected taxes, net income, and margins
- Projected period summary, trend analysis, and identity checks
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What does an income statement pro forma show?+
It shows projected revenue, costs, operating expenses, EBITDA, EBIT, taxes, net income, and related margins.
Who uses an income statement pro forma?+
Business owners, CFOs, FP&A teams, lenders, investors, and operators use it for budgets and forward planning.
Can I model a downside case?+
Yes. Change growth, gross margin, expense, depreciation, interest, and tax assumptions to compare projected cases.
Is the statement linked?+
Yes. The Excel model links the driver assumptions through the projected income statement and includes identity checks.
Have more financial modelling questions? Contact us
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