| Stage | BH-A | % of rev | MCD | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $109M | 100.00% | $7.1B | 100.00% | MCD ×65.41 |
| Gross profit | $64M | 59.03% | $4.3B | 60.30% | MCD +1.3pp |
| Operating income | $12M | 10.88% | $3.3B | 47.02% | MCD +36.1pp |
| Pre-tax income | $52M | 47.56% | $2.9B | 41.36% | BH-A +6.2pp |
| Net income | $40M | 36.79% | $2.4B | 33.27% | BH-A +3.5pp |
| Stage | BH-A | MCD | Gap · A − B |
|---|---|---|---|
| Revenue | $109M100.00% | $7.1B100.00% | MCD ×65.41 |
| Gross profit | 59.03%$64M | 60.30%$4.3B | MCD +1.3pp |
| Operating income | 10.88%$12M | 47.02%$3.3B | MCD +36.1pp |
| Pre-tax income | 47.56%$52M | 41.36%$2.9B | BH-A +6.2pp |
| Net income |
| 36.79%$40M |
| 33.27%$2.4B |
| BH-A +3.5pp |