Horizontal Analysis Template

Further Reading → Horizontal Analysis

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Horizontal Analysis

Income Statement Horizontal Analysis

($ in millions) 2020A 2021A ($) (%)
Revenue $100 $145 $45 45.0%
Less: COGS (40) (60) (20) 50.0%
Gross Profit $60 $85 $25 41.7%
Less: SG&A (25) (40) (15) 60.0%
Less: R&D (10) (15) (5) 50.0%
EBIT $25 $30 $5 20.0%
Less: Interest Expense (5) (5) -- --
EBT $20 $25 $5 25.0%
Less: Taxes % Tax Rate 30.0% (6) (8) (2) 25.0%
Net Income $14 $18 $4 25.0%

Balance Sheet Horizontal Analysis

($ in millions) 2020A 2021A ($) (%)
Cash and Equivalents $80 $100 $20 25.0%
Accounts Receivable 50 65 15 30.0%
Inventory 40 45 5 12.5%
Prepaid Expenses 10 10 -- --
Total Current Assets $180 $220 $40 22.2%
PP&E, net 200 220 20 10.0%
Total Assets $380 $440 $60 15.8%

Accounts Payable $60 $75 $15 25.0%

Accrued Expenses 35 40 5 14.3%
Total Current Liabilities $95 $115 $20 21.1%
Long-Term Debt 85 100 15 17.6%
Total Liabilities $180 $215 $35 19.4%

Total Equity $200 $225 $25 12.5%