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Metrics Dashboard Reference: The Essential Metrics You Actually Need

Stop Tracking Everything, Start Tracking What Matters

10 min readUpdated January 2026

Primary metrics guide strategy; diagnostic metrics guide tactics. Know the difference and you'll know exactly what to track and when.

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1Primary vs. Diagnostic Metrics

Understanding Metric Categories

TypePurposeExamples
PrimaryMeasure business outcomesCost, Conversions, ROAS, CPA
DiagnosticExplain why results are good/badCTR, Conv. Rate, Impression Share

Rule: Primary metrics guide strategy; diagnostic metrics guide tactics.

2Traffic Metrics Reference

Essential Traffic Metrics

MetricFormulaWhat It Shows
Clicks-Total ad clicks
Impressions-Times ads shown
CTRClicks ÷ ImpressionsAd relevance
Avg. CPCCost ÷ ClicksAuction competitiveness
Cost-Total spend

3Conversion Metrics Reference

E-Commerce Metrics

MetricFormulaWhat It Shows
Conversions-Number of sales
ROASConv. Value ÷ CostReturn on ad spend
CPACost ÷ ConversionsCost per sale
Conv. RateConversions ÷ ClicksLanding page effectiveness
AOVConv. Value ÷ ConversionsAverage order value

Lead Gen Metrics

MetricFormulaWhat It Shows
Conversions-Number of leads
CPLCost ÷ ConversionsCost per lead
Conv. RateConversions ÷ ClicksLanding page effectiveness

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4Healthy Benchmarks

CTR Benchmarks

Campaign TypeHealthyWarningRed Flag
Brand Search8%+4-8%Below 4%
Non-brand Search3%+2-3%Below 2%
Shopping1%+0.5-1%Below 0.5%
Display0.5%+0.2-0.5%Below 0.2%

Conversion Rate Benchmarks

Campaign TypeGoodAverageBelow Average
Search (B2B)5%+2-5%Below 2%
Search (E-com)3%+1-3%Below 1%
Shopping2%+1-2%Below 1%

5Impression Share Metrics

Impression Share Explained

MetricWhat It Shows
Search Impr. Share% of eligible impressions captured
Search Top IS% in top positions
Search Abs. Top IS% in position #1
Lost IS (Budget)% lost due to budget
Lost IS (Rank)% lost due to ad rank

How to Interpret

ScenarioMeaningAction
High ROAS + Low ISProfitable but not maximizingIncrease budget
High Lost IS (Budget)Budget limitingIncrease budget if profitable
High Lost IS (Rank)Ad rank limitingImprove Quality Score/bids

6Warning Signs and Actions

CTR Warning Signs

IssueLikely CauseAction
CTR below 2% (Search)Weak ad copy or wrong keywordsImprove headlines, check search terms
Sudden CTR dropNew competitor or ad fatigueCheck auction insights, refresh ads

Conversion Rate Warning Signs

IssueLikely CauseAction
Conv. rate below 1%Landing page or traffic qualityReview search terms, audit landing page
High CTR, low conv. rateAd/page mismatchAlign messaging

Cost Warning Signs

IssueLikely CauseAction
CPC spikingCompetition or Quality ScoreCheck Quality Score, auction insights
CPA doublingMultiple possible causesCheck conv. rate, CPC, search terms

Key Takeaways

Primary metrics (ROAS, CPA, Conversions) guide strategy decisions

Diagnostic metrics (CTR, Conv. Rate, IS) explain why results are good or bad

Brand Search should have 8%+ CTR; non-brand 3%+

Conversion rate below 1% usually indicates landing page issues

High Lost IS (Budget) + good ROAS = increase budget immediately

High Lost IS (Rank) = work on Quality Score before increasing bids

Sudden metric drops usually indicate tracking issues or competitive changes

Check impression share metrics weekly to identify growth opportunities

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Daily: Spend, conversions, any anomalies. Weekly: CTR, conversion rate, search terms, impression share. Monthly: Full performance review, Quality Scores, competitive landscape.