<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> In accounting and finance, earnings before interest and taxes (EBIT), is a measure of a firm's profit that includes all expenses except interest and income tax expenses . It is the difference between operating revenues and operating expenses . When a firm does not have non-operating income, operating income is sometimes used as a synonym for EBIT and operating profit . </P> <Dl> <Dd> EBIT = revenue--operating expenses (OPEX) </Dd> </Dl>

Is ebitda the same as profit before tax