| Stage | CL | % of rev | IPAR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $5.4B | 100.00% | $430M | 100.00% | CL ×12.50 |
| Gross profit | $3.2B | 60.22% | $288M | 67.10% | IPAR +6.9pp |
| Operating income | $1.1B | 20.26% | $118M | 27.44% | IPAR +7.2pp |
| Pre-tax income | $1.0B | 18.98% | $117M | 27.35% | IPAR +8.4pp |
| Net income | $779M | 14.51% | $88M | 20.53% | IPAR +6.0pp |
| Stage | CL | IPAR | Gap · A − B |
|---|---|---|---|
| Revenue | $5.4B100.00% | $430M100.00% | CL ×12.50 |
| Gross profit | 60.22%$3.2B | 67.10%$288M | IPAR +6.9pp |
| Operating income | 20.26%$1.1B | 27.44%$118M | IPAR +7.2pp |
| Pre-tax income | 18.98%$1.0B | 27.35%$117M | IPAR +8.4pp |
| Net income | 14.51%$779M | 20.53%$88M | IPAR +6.0pp |