Various measurement tools are used in evaluating the performance of Strategic Business Unit managers. Performance measurement is essential when responsibility can be effectively delegated to Strategic Business Unit managers including managers of profit centers. The Value-Stream Income Statement and contribution income statement are considered as important tools for performance Measurement of profit centers. Therefore, this study examines the differences and similarities of these two types of reports used to evaluate management performance. The findings of the study showed that these two types of report despite structural differences have similarities for comparison of short and long term performance. The findings indicated that in the Value-Stream Income Statement, Value stream profit before inventory change reflects short-term performance of the manager and Operating income shows long-term performance of the manager but in the contribution income statement, controllable margin and Contribution by Profit Center are preferred respectively to evaluate the short term and long-term performance of the managers.