| Stage | APT | % of rev | STE | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $19M | 100.00% | $1.6B | 100.00% | STE ×85.07 |
| Gross profit | $7M | 37.37% | $711M | 44.74% | STE +7.4pp |
| Operating income | $2M | 10.77% | $294M | 18.53% | STE +7.8pp |
| Pre-tax income | $2M | 12.77% | $288M | 18.13% | STE +5.4pp |
| Net income | $2M | 9.78% | $214M | 13.48% | STE +3.7pp |
| Stage | APT | STE | Gap · A − B |
|---|---|---|---|
| Revenue | $19M100.00% | $1.6B100.00% | STE ×85.07 |
| Gross profit | 37.37%$7M | 44.74%$711M | STE +7.4pp |
| Operating income | 10.77%$2M | 18.53%$294M | STE +7.8pp |
| Pre-tax income | 12.77%$2M | 18.13%$288M | STE +5.4pp |
| Net income |
| 9.78%$2M |
| 13.48%$214M |
| STE +3.7pp |
No disclosed counterparties: STE.
None