Revenue flow

Margins

Stage	CHRD	% of rev	EOG	% of rev	Gap · A − B
Revenue	$1.7B	100.00%	$8.3B	100.00%	EOG ×4.87
Gross profit	$1.3B	77.85%	$7.1B	85.72%	EOG +7.9pp
Operating income	$505M	29.60%	$3.6B	43.17%	EOG +13.6pp
Pre-tax income	$246M	14.40%	$3.6B	42.90%	EOG +28.5pp
Net income	$182M	10.64%	$2.8B	33.48%	EOG +22.8pp

Stage	CHRD	EOG	Gap · A − B
Revenue	$1.7B100.00%	$8.3B100.00%	EOG ×4.87
Gross profit	77.85%$1.3B	85.72%$7.1B	EOG +7.9pp
Operating income	29.60%$505M	43.17%$3.6B	EOG +13.6pp
Pre-tax income	14.40%$246M	42.90%$3.6B	EOG +28.5pp