The Directors' Brief

The Directors' Brief

Share this post

The Directors' Brief
The Directors' Brief
What is NOPAT — and Why Should You Care?
CPD Business Concepts

What is NOPAT — and Why Should You Care?

Richard Winfield's avatar
Richard Winfield
Jun 05, 2025
∙ Paid

Share this post

The Directors' Brief
The Directors' Brief
What is NOPAT — and Why Should You Care?
Share

If you're involved in analysing company performance or making strategic decisions, you've probably heard of NOPAT.

But what exactly is it?

NOPAT = Net Operating Profit After Tax

It’s a company’s operating profit (EBIT) after adjusting for taxes — and it’s a key indicator of operating efficiency without the noise of financing decisions or tax strategies.

Why…

Keep reading with a 7-day free trial

Subscribe to The Directors' Brief to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Richard Winfield
Publisher Privacy ∙ Publisher Terms
Substack
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share