substantial response to: A financial statement analysis can be useful in construction, like in most other industries, in that it offers a financial performance snapshot for stakeholders to evaluate the firm's financial stability and operational health. Income statements in construction offer a broad insight to aspects like earnings before interest, taxes, depreciation and amortization (EBITDA), and focuses mainly on "the company's profitability before considering the impact of non-operational financial factors" (Keleher et al., 2024). In construction, companies will produce and combine statements over a period of time, to determine financial health. Contractors, like the GC I work for, will compare an income statement against what they've estimated for a project, to show what was expected to earn against the actual profit after all bills have been paid. Some losses are to be expected, so Project Managers will estimate costs conservatively, so no loss is unexpected. While at the same time, accuracy in forecasting helps to manage expectations and avoid any amended returns (Keleher et al., 2024). Profitability it the ultimate goal for any industry, and Contractors use income statements to analyze and judge the profitability of their businesses. Reference