| Stage | ABNB | % of rev | MAS | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $3.6B | 100.00% | $2.0B | 100.00% | ABNB ×1.84 |
| Gross profit | $3.0B | 82.46% | $720M | 36.62% | ABNB +45.8pp |
| Operating income | $758M | 21.01% | $338M | 17.19% | ABNB +3.8pp |
| Pre-tax income | $897M | 24.86% | $322M | 16.38% | ABNB +8.5pp |
| Net income | $816M | 22.62% | $240M | 12.21% | ABNB +10.4pp |
| Stage | ABNB | MAS | Gap · A − B |
|---|---|---|---|
| Revenue | $3.6B100.00% | $2.0B100.00% | ABNB ×1.84 |
| Gross profit | 82.46%$3.0B | 36.62%$720M | ABNB +45.8pp |
| Operating income | 21.01%$758M | 17.19%$338M | ABNB +3.8pp |
| Pre-tax income | 24.86%$897M | 16.38%$322M | ABNB +8.5pp |
| Net income |
| 22.62%$816M |
| 12.21%$240M |
| ABNB +10.4pp |