| Stage | AMC | % of rev | TER | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.7B | 100.00% | $1.3B | 100.00% | AMC ×1.31 |
| Gross profit | $1.1B | 65.89% | $771M | 59.06% | AMC +6.8pp |
| Operating income | $249M | 14.53% | $402M | 30.78% | TER +16.2pp |
| Pre-tax income | $119M | 6.94% | $404M | 30.96% | TER +24.0pp |
| Net income | $109M | 6.39% | $348M | 26.63% | TER +20.2pp |
| Stage | AMC | TER | Gap · A − B |
|---|---|---|---|
| Revenue | $1.7B100.00% | $1.3B100.00% | AMC ×1.31 |
| Gross profit | 65.89%$1.1B | 59.06%$771M | AMC +6.8pp |
| Operating income | 14.53%$249M | 30.78%$402M | TER +16.2pp |
| Pre-tax income | 6.94%$119M | 30.96%$404M | TER +24.0pp |
| Net income |
| 6.39%$109M |
| 26.63%$348M |
| TER +20.2pp |
No disclosed counterparties: TER.
None