| Stage | ADP | % of rev | CARG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $5.5B | 100.00% | $258M | 100.00% | ADP ×21.25 |
| Gross profit | $2.8B | 50.57% | $237M | 91.76% | CARG +41.2pp |
| Operating income | $1.5B | 26.64% | $68M | 26.29% | ADP +0.3pp |
| Pre-tax income | $1.5B | 26.50% | $69M | 26.56% | CARG +0.1pp |
| Net income | $1.1B | 20.49% | $53M | 20.43% | ADP +0.1pp |
| Stage | ADP | CARG | Gap · A − B |
|---|---|---|---|
| Revenue | $5.5B100.00% | $258M100.00% | ADP ×21.25 |
| Gross profit | 50.57%$2.8B | 91.76%$237M | CARG +41.2pp |
| Operating income | 26.64%$1.5B | 26.29%$68M | ADP +0.3pp |
| Pre-tax income | 26.50%$1.5B | 26.56%$69M | CARG +0.1pp |
| Net income |
| 20.49%$1.1B |
| 20.43%$53M |
| ADP +0.1pp |