| Stage | BMI | % of rev | KMI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $236M | 100.00% | $4.5B | 100.00% | KMI ×19.20 |
| Gross profit | $99M | 41.90% | $2.8B | 62.77% | KMI +20.9pp |
| Operating income | $48M | 20.23% | $1.2B | 25.60% | KMI +5.4pp |
| Pre-tax income | $48M | 20.33% | $980M | 21.63% | KMI +1.3pp |
| Net income | $36M | 15.22% | $790M | 17.44% | KMI +2.2pp |
| Stage | BMI | KMI | Gap · A − B |
|---|---|---|---|
| Revenue | $236M100.00% | $4.5B100.00% | KMI ×19.20 |
| Gross profit | 41.90%$99M | 62.77%$2.8B | KMI +20.9pp |
| Operating income | 20.23%$48M | 25.60%$1.2B | KMI +5.4pp |
| Pre-tax income | 20.33%$48M | 21.63%$980M | KMI +1.3pp |
| Net income |
| 15.22%$36M |
| 17.44%$790M |
| KMI +2.2pp |
No disclosed counterparties: BMI, KMI.