Convert Income Statements to Excel

Drop in any income statement / P&L PDF — audited GAAP, internal management report, lender-prepared, or 10-K excerpt — and get a clean Excel file with revenue, COGS, gross profit, operating expenses, EBITDA, interest, taxes, and net income across multiple periods or segments.

Convert your first P&L — free

Income statements are the most-analyzed and most-retyped document

Every analyst, lender, and operator spends time pulling P&L data into Excel. A typical 10-K income statement has 15-25 line items across 3 fiscal years, plus segment reporting that breaks revenue and operating income into 4-6 reportable segments. Generic PDF tools fragment line items, lose period columns, and miss the segment table entirely.

Internal management P&Ls are worse — variable layouts per company, monthly comparatives, year-to-date columns, sometimes budget-vs-actual variance columns. Analysts reviewing private-company financials end up retyping P&L data again and again across investments, deals, or peer benchmarks.

Line items × periods × segments, all preserved

PDFExcel reads income statements by structure. Each line item becomes a row with period columns preserved (FY2024, FY2023, FY2022 for a 10-K; or Jan / Feb / Mar / YTD for an internal P&L). Sub-totals (Gross Profit, Operating Income, EBITDA, Net Income) are flagged. Segment reporting tables extract as separate sheets with revenue and operating income broken out per segment.

Mix multiple companies in a batch upload — the workbook tags each row with company name and statement type. Built-in OCR handles scanned management P&Ls. Drop the export into your DCF model, comp set pivot, or trend analysis. Pair with balance sheet extraction and cash flow extraction for full three-statement model input.

Fields you can pull

  • Company Name
  • Fiscal Period
  • Line Item
  • Amount
  • Sub-total Flag (Gross Profit / Operating Income / EBITDA / Net Income)
  • Segment (Reportable Segment Name)
  • Currency
  • GAAP / Non-GAAP
  • Variance vs Budget (when shown)

The model knows that 'Gross Profit' = Revenue − COGS, that 'Operating Income' = Gross Profit − Operating Expenses, and that EBITDA can be presented either as a sub-total or as a non-GAAP supplemental disclosure. Trained on real audited P&Ls and management reports.

Why analysts and FP&A teams pick PDFExcel for P&Ls

Most P&L extractors either need a paid data-vendor subscription or charge per-page at analyst volume. PDFExcel reads any company's income statement — audited or internal — directly.

  • Knows GAAP and management P&L structure. Multi-period columns preserved, sub-totals flagged, segment reporting split. Plus monthly / quarterly / YTD layouts for management reports.
  • Free to start, no credit card. 10 documents free every month. Plans from $69/month for 50 documents — covers most peer-comp and FP&A work at small-team scale.
  • No data-vendor coverage gaps. Works on private companies, recently-IPO'd issuers, foreign filers, internal management reports — anything you have a PDF for.
  • Files deleted after processing. Internal management P&Ls and pre-public financials are sensitive — files are processed in memory and deleted immediately. Never stored, never shared.

How it works

  1. Upload your income statement. 10-K excerpt, audited annual report, internal management report, or lender-prepared P&L. One company or a peer-set / multi-period ZIP.
  2. Pick line items + periods + segments. Line Item, Period, Amount for the core comp. Add Segment for reportable-segment analysis, Variance vs Budget for FP&A workflows.
  3. Drop into your model. Excel with one row per line-item-period combination. Pivot for peer comp, paste into DCF, or use as FP&A input for budget-vs-actual analysis.

What a multi-period income statement looks like in Excel

Each line item × period as separate columns. Sub-totals (Gross Profit, Operating Income, EBITDA, Net Income) flagged. Segment data on a separate sheet.

# Line Item FY2024 FY2023 FY2022 Sub-total Segment
1 Revenue $2,890.4M $2,612.1M $2,318.8M Consolidated
2 Cost of Revenue $1,184.0M $1,089.4M $986.2M Consolidated
3 Gross Profit $1,706.4M $1,522.7M $1,332.6M Yes Consolidated
4 Sales & Marketing $612.0M $554.8M $498.4M Consolidated
5 Research & Development $284.2M $248.6M $211.8M Consolidated
6 Operating Income $680.8M $594.1M $502.4M Yes Consolidated
7 Net Income $508.4M $436.2M $362.0M Yes Consolidated

Built for analysts, FP&A, and credit teams

Equity analysts running peer comps, FP&A teams pulling competitive benchmarks, credit analysts reviewing borrower P&Ls, M&A associates on diligence, founders / CFOs benchmarking against public peers.

A B2B SaaS FP&A analyst

Pulls quarterly P&L data for 8 public SaaS comps for the board pack. Convert all 8 in one batch, pivot into a side-by-side comp showing growth, gross margin, and operating leverage trends.

A credit analyst

Reviews 3 years of borrower P&Ls for a $25M revolver renewal. Convert all to Excel with EBITDA flagged, drop into the bank's leverage and coverage covenant model.

A founder benchmarking ahead of fundraising

Pulls last-12-months P&Ls for 6 closest public competitors. Convert all in one batch, build a 'where we compare' slide for the deck — half a day of analyst work, done in 60 minutes.

Pricing

  • Free — 10 documents / month, no credit card
  • Starter $69/mo — 50 documents, $1.50 per extra
  • Pro $199/mo — 200 documents, $0.99 per extra
  • Business $699/mo — 1,000 documents, $0.59 per extra

Frequently asked questions

Does it preserve multi-period income statement columns?

Yes. FY2024, FY2023, FY2022 (or whatever periods are shown — quarterly, monthly, YTD all work) extract as separate columns. Line items are rows.

Will it flag sub-totals like Gross Profit, Operating Income, EBITDA?

Yes. Sub-totals get flagged in their own column so your downstream model knows not to double-count them in a sum or pivot.

Does it handle segment reporting?

Yes. Reportable-segment tables (revenue and operating income per segment) extract as a separate sheet in the output workbook. Useful for sum-of-the-parts valuation work and segment trend analysis.

What about non-GAAP and adjusted EBITDA disclosures?

Non-GAAP measures (adjusted EBITDA, organic revenue, free cash flow reconciliations) extract as separate fields when they appear. The model preserves whether each measure is GAAP or non-GAAP.

Will it work on internal monthly P&Ls vs annual 10-K filings?

Yes — both. Internal management P&Ls (monthly columns + YTD + budget-vs-actual variance) extract cleanly. Most operators use it for board-pack prep where the source is the internal accounting-system PDF export.

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