| Stage | AERT | % of rev | BAH | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $22M | 100.00% | $2.8B | 100.00% | BAH ×126.75 |
| Gross profit | $6M | 29.10% | $1.4B | 52.02% | BAH +22.9pp |
| Operating income | $3M | 15.33% | $245M | 8.82% | AERT +6.5pp |
| Pre-tax income | $3M | 14.11% | $199M | 7.16% | AERT +6.9pp |
| Net income | $2M | 10.10% | $181M | 6.52% | AERT +3.6pp |
| Stage | AERT | BAH | Gap · A − B |
|---|---|---|---|
| Revenue | $22M100.00% | $2.8B100.00% | BAH ×126.75 |
| Gross profit | 29.10%$6M | 52.02%$1.4B | BAH +22.9pp |
| Operating income | 15.33%$3M | 8.82%$245M | AERT +6.5pp |
| Pre-tax income | 14.11%$3M | 7.16%$199M | AERT +6.9pp |
| Net income |
| 10.10%$2M |
| 6.52%$181M |
| AERT +3.6pp |
None
No disclosed counterparties: AERT.