Owner-Operator Profit Calculator
Calculate net income after all expenses for owner-operator truckers.
Inputs
$
$
$
$
$
$
$
$
$
%
$
$
%
Results
Monthly Take-Home Pay
$3,509.00
≈ 4 smartphones
Weekly Take-Home
$810.00
≈ 9 nice dinners out
Hourly Equivalent (~50hr/wk)$16.21
Net Before Tax$5,450.00
Total Operating Expenses$11,250.00
Dispatch/Broker Fee$1,800.00
Estimated Monthly Taxes$1,941.00
Operating Ratio62.5%
Profit Margin19.5%
How to Use This Calculator
- Enter your Monthly Gross Revenue from hauling loads.
- Input each monthly expense: Fuel, Truck Payment, Insurance, Maintenance Reserve, Tires, Permits, Tolls, Load Board/ELD, and Health Insurance.
- Set the Dispatch/Broker Fee percentage deducted from gross revenue.
- Review Net Monthly Profit, Net Profit Margin, Cost per Mile, and Revenue per Mile.
- Use the breakdown to identify the largest cost centers and target areas for margin improvement.
How the result changes with Monthly Gross Revenue
| Monthly Gross Revenue | Monthly Take-Home Pay | Weekly Take-Home |
|---|---|---|
| $9,500.00 | -$2,200.00 | -$508.00 |
| $20,750.00 | $5,102.00 | $1,178.00 |
| $34,250.00 | $12,925.00 | $2,985.00 |
| $45,500.00 | $19,444.00 | $4,490.00 |
What each input means
- Monthly Gross Revenue
- Total monthly revenue from hauling loads.
- Fuel Cost
- Monthly diesel fuel expense.
- Truck Payment
- Monthly truck loan or lease payment.
- Insurance
- Monthly commercial auto/cargo insurance.
- Maintenance Reserve
- Monthly maintenance and repair set-aside.
- Tire Reserve
- Monthly tire replacement set-aside.
- Permits & Fees
- Monthly permits, IFTA, IRP, and regulatory fees.
- Tolls
- Monthly toll costs.
- Load Board / ELD
- Monthly load board subscription and ELD service.
- Dispatch/Broker Fee
- Percentage of gross paid to dispatcher or broker.
- Health Insurance
- Monthly health insurance premium.
- Retirement Savings
- Monthly retirement contribution (SEP-IRA, Solo 401k).
- Self-Employment Tax Rate
- Combined Social Security + Medicare self-employment rate (15.3%).
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersMonthly Gross Revenue = 18000, Fuel Cost = 4500, Truck Payment = 2200, Insurance = 1200 = 13 input(s) provided
- Calculate Monthly Take-Home PayMonthly Take-Home Pay3509 = $3,509
- Calculate Weekly Take-HomeWeekly Take-Home810 = $810
- Calculate Hourly EquivalentHourly Equivalent16.21 = $16.21
- Calculate Net Before TaxNet Before Tax5450 = $5,450
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