| Stage | ADP | % of rev | RNG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $5.5B | 100.00% | $676M | 100.00% | ADP ×8.12 |
| Gross profit | $2.8B | 50.57% | $494M | 73.12% | RNG +22.5pp |
| Operating income | $1.5B | 26.64% | $54M | 7.97% | ADP +18.7pp |
| Pre-tax income | $1.5B | 26.50% | $28M | 4.14% | ADP +22.4pp |
| Net income | $1.1B | 20.49% | $570M | 84.27% | RNG +63.8pp |
| Stage | ADP | RNG | Gap · A − B |
|---|---|---|---|
| Revenue | $5.5B100.00% | $676M100.00% | ADP ×8.12 |
| Gross profit | 50.57%$2.8B | 73.12%$494M | RNG +22.5pp |
| Operating income | 26.64%$1.5B | 7.97%$54M | ADP +18.7pp |
| Pre-tax income | 26.50%$1.5B | 4.14%$28M | ADP +22.4pp |
| Net income |
| 20.49%$1.1B |
| 84.27%$570M |
| RNG +63.8pp |
No shared counterparties.