Add up labour, materials and other job costs, enter your price, and see your profit, margin and markup as you type. No account needed.
Updated
The short answer
Profit margin is your profit as a share of the price. Margin = profit ÷ price. A $1,200 job that costs you $750 leaves $450 of profit, a 37.5% margin.
Markup uses the same profit but divides by cost. Markup = profit ÷ cost. That same job has a 60% markup. The two numbers are never equal unless both are zero.
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Wages, or your own time at a fair rate
What you pay for parts and supplies
Fuel, rentals, dump fees, subcontractors
What you charge, before GST/HST
Must be under 100%
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Both come from the same profit. The difference is what you divide it by.
This matters when you set a price. If you want a 40% margin and add 40% to your cost, you end up short.
A small crew quotes a two-day job. Labour costs $480, materials cost $220, and fuel and a rental cost $50. The price is $1,200 before GST/HST.
To reach a 40% margin on the same cost, divide by what is left after the margin: $750 ÷ (1 − 0.40) = $1,250. Adding 40% to the cost gives only $1,050, a margin of about 28.6%.
This calculator shows the margin on one job or one month of jobs. It leaves out overhead that you pay even in a quiet week, such as insurance, your truck, your phone and your software. To see your margin after overhead, add a share of those costs under other job costs.
For what other operators charge, see the pricing guides. If you add a set percentage to your costs, use the markup calculator. For a monthly view, use the gross margin calculator.
Profit margin = (price − cost) ÷ price × 100. On a $1,200 job that costs $750, the profit is $450, and $450 ÷ $1,200 is 37.5%.
Both start with the same profit. Margin divides it by the price, and markup divides it by the cost. A job with a 60% markup has a 37.5% margin.
There is no single right number. It depends on your trade, your overhead and how much of the work you do yourself. Track the margin on your own jobs, and compare it with what you need to cover overhead and pay yourself.
Yes, if you want a true job margin. If you leave your own hours out, the job looks more profitable than it is, and the profit is really your wage.
No. GST/HST you collect is not your revenue. Use your price before tax. If you only know the total with 13% HST, divide it by 1.13 first.
Only if the job costs nothing. Any cost keeps the margin under 100%, so the calculator asks for a target under 100%. Markup has no such limit.
The margin goes negative, and the calculator shows the loss. A $900 price on a $1,000 cost is a loss of $100, a margin of about −11.1%.
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Not ready? Try the free invoice generatorThis page is general information, not financial, legal, or tax advice. We gathered it from public sources (banks, payment providers, government agencies such as the CRA, and published industry rates), and it reflects our understanding when it was last updated. Rates, limits, fees, and rules change without notice, and your situation may differ from the general case.
Before you rely on anything here, do your own due diligence: confirm the details with the original source, and check that they are still current. For advice about your own finances, taxes, or legal position, hire a qualified professional such as an accountant, lawyer, or financial advisor. See our Terms for the full disclaimer. Last updated October 31, 2026.