| Stage | BELFA | % of rev | MKC.V | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $211M | 100.00% | $2.0B | 100.00% | MKC.V ×9.61 |
| Gross profit | $84M | 39.85% | $795M | 39.26% | BELFA +0.6pp |
| Operating income | $38M | 18.24% | $217M | 10.72% | BELFA +7.5pp |
| Pre-tax income | $38M | 17.92% | $155M | 7.63% | BELFA +10.3pp |
| Net income | $34M | 16.13% | $108M | 5.31% | BELFA +10.8pp |
| Stage | BELFA | MKC.V | Gap · A − B |
|---|---|---|---|
| Revenue | $211M100.00% | $2.0B100.00% | MKC.V ×9.61 |
| Gross profit | 39.85%$84M | 39.26%$795M | BELFA +0.6pp |
| Operating income | 18.24%$38M | 10.72%$217M | BELFA +7.5pp |
| Pre-tax income | 17.92%$38M | 7.63%$155M | BELFA +10.3pp |
| Net income |
| 16.13%$34M |
| 5.31%$108M |
| BELFA +10.8pp |
No disclosed counterparties: BELFA, MKC.V.