| Stage | ALH | % of rev | UA | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $477M | 100.00% | $1.1B | 100.00% | UA ×2.30 |
| Gross profit | $190M | 39.83% | $594M | 54.09% | UA +14.3pp |
| Operating income | $106M | 22.16% | $47M | 4.26% | ALH +17.9pp |
| Pre-tax income | $88M | 18.42% | $29M | 2.65% | ALH +15.8pp |
| Net income | $69M | 14.40% | $545,000 | 0.05% | ALH +14.4pp |
| Stage | ALH | UA | Gap · A − B |
|---|---|---|---|
| Revenue | $477M100.00% | $1.1B100.00% | UA ×2.30 |
| Gross profit | 39.83%$190M | 54.09%$594M | UA +14.3pp |
| Operating income | 22.16%$106M | 4.26%$47M | ALH +17.9pp |
| Pre-tax income | 18.42%$88M | 2.65%$29M | ALH +15.8pp |
| Net income |
| 14.40%$69M |
| 0.05%$545,000 |
| ALH +14.4pp |
No disclosed counterparties: ALH, UA.