| Stage | ADP | % of rev | CARG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $5.5B | 100.00% | $251M | 100.00% | ADP ×21.88 |
| Gross profit | $2.8B | 50.57% | $231M | 92.08% | CARG +41.5pp |
| Operating income | $1.5B | 26.64% | $63M | 25.10% | ADP +1.5pp |
| Pre-tax income | $1.5B | 26.50% | $63M | 25.30% | ADP +1.2pp |
| Net income | $1.1B | 20.49% | $49M | 19.60% | ADP +0.9pp |
| Stage | ADP | CARG | Gap · A − B |
|---|---|---|---|
| Revenue | $5.5B100.00% | $251M100.00% | ADP ×21.88 |
| Gross profit | 50.57%$2.8B | 92.08%$231M | CARG +41.5pp |
| Operating income | 26.64%$1.5B | 25.10%$63M | ADP +1.5pp |
| Pre-tax income | 26.50%$1.5B | 25.30%$63M | ADP +1.2pp |
| Net income |
| 20.49%$1.1B |
| 19.60%$49M |
| ADP +0.9pp |