Job profit calculator
Enter what you charged and what the job cost: materials, the hours you or your crew worked, and anything else. You get the profit, the margin and what each hour on the job paid.
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The job
What the job earned
Enter what you charged to see the profit.
How it works
- Labor cost is the hours worked times what an hour of labor costs you.
- Total cost is the materials, the labor and the other costs added together. Profit is the price less the total cost.
- Margin is the profit as a percentage of the price. Markup is the profit as a percentage of the cost.
- What each hour paid is the price less materials and other costs, divided by the hours. It shows what the job paid for the time on it, before the cost of that time.
Tips
- Count your own time too. Put what an hour of your labor is worth to you in the labor cost, even if you pay yourself nothing directly.
- Include the small costs: fuel, disposal, consumables, permits and the trips to buy supplies.
- Do this for a few finished jobs, and look at which kinds of work pay best for the time on them.
- A job with a good profit can still have paid badly for the hours, so check what each hour paid as well.
Or let QuoteDash do the sums
QuoteDash lets you log what each job cost you, and shows the profit and the margin on every job, while your customers never see your costs.
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Questions
- What is the difference between profit and margin?
- Profit is a dollar amount: the price less the cost. Margin is that profit as a percentage of the price.
- Should labor be my wage or the job's cost?
- Use what an hour of labor costs you, such as a helper's pay or what your own time is worth. If you leave your own time out, the profit looks bigger than it is.
- What if I charged by the hour?
- Enter the total you charged as the price, and the calculator shows the profit and what each hour paid after materials.
- Does it change my quotes?
- No, it looks at a job after the fact, or at a quote you are working on. To price the next job, use the markup and margin calculator or the quote tools in QuoteDash.