| Stage | AIT | % of rev | HDSN | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.3B | 100.00% | $78M | 100.00% | AIT ×16.48 |
| Gross profit | $392M | 30.38% | $21M | 26.41% | AIT +4.0pp |
| Operating income | $144M | 11.12% | $7M | 9.44% | AIT +1.7pp |
| Pre-tax income | $141M | 10.92% | $7M | 9.50% | AIT +1.4pp |
| Net income | $110M | 8.55% | $5M | 6.31% | AIT +2.2pp |
| Stage | AIT | HDSN | Gap · A − B |
|---|---|---|---|
| Revenue | $1.3B100.00% | $78M100.00% | AIT ×16.48 |
| Gross profit | 30.38%$392M | 26.41%$21M | AIT +4.0pp |
| Operating income | 11.12%$144M | 9.44%$7M | AIT +1.7pp |
| Pre-tax income | 10.92%$141M | 9.50%$7M | AIT +1.4pp |
| Net income |
| 8.55%$110M |
| 6.31%$5M |
| AIT +2.2pp |
None
No disclosed counterparties: AIT.