| Stage | BEN | % of rev | BF.B | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.4B | 100.00% | $1.2B | 100.00% | BEN ×2.00 |
| Gross profit | $1.4B | 59.36% | $549M | 46.49% | BEN +12.9pp |
| Operating income | $216M | 9.15% | $252M | 21.34% | BF.B +12.2pp |
| Pre-tax income | $371M | 15.73% | $229M | 19.39% | BF.B +3.7pp |
| Net income | $255M | 10.83% | $176M | 14.90% | BF.B +4.1pp |
| Stage | BEN | BF.B | Gap · A − B |
|---|---|---|---|
| Revenue | $2.4B100.00% | $1.2B100.00% | BEN ×2.00 |
| Gross profit | 59.36%$1.4B | 46.49%$549M | BEN +12.9pp |
| Operating income | 9.15%$216M | 21.34%$252M | BF.B +12.2pp |
| Pre-tax income | 15.73%$371M | 19.39%$229M | BF.B +3.7pp |
| Net income |
| 10.83%$255M |
| 14.90%$176M |
| BF.B +4.1pp |
No disclosed counterparties: BEN, BF.B.