| Stage | CAKE | % of rev | MCD | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.0B | 100.00% | $7.1B | 100.00% | MCD ×6.87 |
| Gross profit | $674M | 65.19% | $4.3B | 60.30% | CAKE +4.9pp |
| Operating income | $75M | 7.25% | $3.3B | 47.02% | MCD +39.8pp |
| Pre-tax income | $73M | 7.10% | $2.9B | 41.36% | MCD +34.3pp |
| Net income | $61M | 5.93% | $2.4B | 33.27% | MCD +27.3pp |
| Stage | CAKE | MCD | Gap · A − B |
|---|---|---|---|
| Revenue | $1.0B100.00% | $7.1B100.00% | MCD ×6.87 |
| Gross profit | 65.19%$674M | 60.30%$4.3B | CAKE +4.9pp |
| Operating income | 7.25%$75M | 47.02%$3.3B | MCD +39.8pp |
| Pre-tax income | 7.10%$73M | 41.36%$2.9B | MCD +34.3pp |
| Net income |
| 5.93%$61M |
| 33.27%$2.4B |
| MCD +27.3pp |
No shared counterparties.