| Stage | ATO | % of rev | VG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $879M | 100.00% | $4.6B | 100.00% | VG ×5.21 |
| Gross profit | $871M | 99.07% | $2.9B | 63.74% | ATO +35.3pp |
| Operating income | $320M | 36.45% | $2.2B | 47.79% | VG +11.3pp |
| Pre-tax income | $303M | 34.50% | $1.8B | 38.29% | VG +3.8pp |
| Net income | $243M | 27.61% | $1.4B | 30.95% | VG +3.3pp |
| Stage | ATO | VG | Gap · A − B |
|---|---|---|---|
| Revenue | $879M100.00% | $4.6B100.00% | VG ×5.21 |
| Gross profit | 99.07%$871M | 63.74%$2.9B | ATO +35.3pp |
| Operating income | 36.45%$320M | 47.79%$2.2B | VG +11.3pp |
| Pre-tax income | 34.50%$303M | 38.29%$1.8B | VG +3.8pp |
| Net income | 27.61%$243M | 30.95%$1.4B | VG +3.3pp |
No shared counterparties.