| Stage | APC | % of rev | MPC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.9B | 100.00% | $56.5B | 100.00% | MPC ×29.91 |
| Gross profit | $787M | 41.67% | $12.7B | 22.47% | APC +19.2pp |
| Operating income | $25M | 1.34% | $10.4B | 18.50% | MPC +17.2pp |
| Pre-tax income | $18M | 0.94% | $10.2B | 17.99% | MPC +17.0pp |
| Net income | $13M | 0.71% | $7.9B | 13.95% | MPC +13.2pp |
| Stage | APC | MPC | Gap · A − B |
|---|---|---|---|
| Revenue | $1.9B100.00% | $56.5B100.00% | MPC ×29.91 |
| Gross profit | 41.67%$787M | 22.47%$12.7B | APC +19.2pp |
| Operating income | 1.34%$25M | 18.50%$10.4B | MPC +17.2pp |
| Pre-tax income | 0.94%$18M | 17.99%$10.2B | MPC +17.0pp |
| Net income |
| 0.71%$13M |
| 13.95%$7.9B |
| MPC +13.2pp |
No shared counterparties.