| Stage | AM | % of rev | WMB | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $350M | 100.00% | $3.1B | 100.00% | WMB ×8.73 |
| Gross profit | $267M | 76.21% | $2.5B | 83.13% | WMB +6.9pp |
| Operating income | $557M | 159.26% | $1.2B | 38.72% | AM +120.5pp |
| Pre-tax income | $533M | 152.27% | $1.1B | 37.21% | AM +115.1pp |
| Net income | $393M | 112.22% | $876M | 28.69% | AM +83.5pp |
| Stage | AM | WMB | Gap · A − B |
|---|---|---|---|
| Revenue | $350M100.00% | $3.1B100.00% | WMB ×8.73 |
| Gross profit | 76.21%$267M | 83.13%$2.5B | WMB +6.9pp |
| Operating income | 159.26%$557M | 38.72%$1.2B | AM +120.5pp |
| Pre-tax income | 152.27%$533M | 37.21%$1.1B | AM +115.1pp |
| Net income | 112.22%$393M | 28.69%$876M | AM +83.5pp |
No shared counterparties.