| Stage | ADP | % of rev | CARS | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $5.5B | 100.00% | $180M | 100.00% | ADP ×30.52 |
| Gross profit | $2.8B | 50.57% | $180M | 100.00% | CARS +49.4pp |
| Operating income | $1.5B | 26.64% | $28M | 15.49% | ADP +11.1pp |
| Pre-tax income | $1.5B | 26.50% | $20M | 10.85% | ADP +15.6pp |
| Net income | $1.1B | 20.49% | $14M | 7.93% | ADP +12.6pp |
| Stage | ADP | CARS | Gap · A − B |
|---|---|---|---|
| Revenue | $5.5B100.00% | $180M100.00% | ADP ×30.52 |
| Gross profit | 50.57%$2.8B | 100.00%$180M | CARS +49.4pp |
| Operating income | 26.64%$1.5B | 15.49%$28M | ADP +11.1pp |
| Pre-tax income | 26.50%$1.5B | 10.85%$20M | ADP +15.6pp |
| Net income |
| 20.49%$1.1B |
| 7.93%$14M |
| ADP +12.6pp |