| Stage | ADM | % of rev | DAR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $22.3B | 100.00% | $1.7B | 100.00% | ADM ×12.95 |
| Gross profit | $1.9B | 8.44% | $503M | 29.20% | DAR +20.8pp |
| Operating income | $935M | 4.19% | $555M | 32.20% | DAR +28.0pp |
| Pre-tax income | $997M | 4.46% | $500M | 29.00% | DAR +24.5pp |
| Net income | $826M | 3.70% | $389M | 22.58% | DAR +18.9pp |
| Stage | ADM | DAR | Gap · A − B |
|---|---|---|---|
| Revenue | $22.3B100.00% | $1.7B100.00% | ADM ×12.95 |
| Gross profit | 8.44%$1.9B | 29.20%$503M | DAR +20.8pp |
| Operating income | 4.19%$935M | 32.20%$555M | DAR +28.0pp |
| Pre-tax income | 4.46%$997M | 29.00%$500M | DAR +24.5pp |
| Net income |
| 3.70%$826M |
| 22.58%$389M |
| DAR +18.9pp |
No shared counterparties.