| Stage | CMI | % of rev | BC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $9.5B | 100.00% | $1.6B | 100.00% | CMI ×6.07 |
| Gross profit | $2.5B | 26.07% | $438M | 28.10% | BC +2.0pp |
| Operating income | $1.3B | 13.52% | $129M | 8.31% | CMI +5.2pp |
| Pre-tax income | $1.3B | 13.67% | $106M | 6.83% | CMI +6.8pp |
| Net income | $968M | 10.24% | $110M | 7.05% | CMI +3.2pp |
| Stage | CMI | BC | Gap · A − B |
|---|---|---|---|
| Revenue | $9.5B100.00% | $1.6B100.00% | CMI ×6.07 |
| Gross profit | 26.07%$2.5B | 28.10%$438M | BC +2.0pp |
| Operating income | 13.52%$1.3B | 8.31%$129M | CMI +5.2pp |
| Pre-tax income | 13.67%$1.3B | 6.83%$106M | CMI +6.8pp |
| Net income | 10.24%$968M | 7.05%$110M | CMI +3.2pp |
No shared counterparties.