| Stage | BHC | % of rev | BMY | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.9B | 100.00% | $13.1B | 100.00% | BMY ×4.44 |
| Gross profit | $2.2B | 75.01% | $7.4B | 56.35% | BHC +18.7pp |
| Operating income | $983M | 33.42% | $2.8B | 21.75% | BHC +11.7pp |
| Pre-tax income | $597M | 20.30% | $2.5B | 19.40% | BHC +0.9pp |
| Net income | $446M | 15.16% | $2.2B | 16.54% | BMY +1.4pp |
| Stage | BHC | BMY | Gap · A − B |
|---|---|---|---|
| Revenue | $2.9B100.00% | $13.1B100.00% | BMY ×4.44 |
| Gross profit | 75.01%$2.2B | 56.35%$7.4B | BHC +18.7pp |
| Operating income | 33.42%$983M | 21.75%$2.8B | BHC +11.7pp |
| Pre-tax income | 20.30%$597M | 19.40%$2.5B | BHC +0.9pp |
| Net income |
| 15.16%$446M |
| 16.54%$2.2B |
| BMY +1.4pp |