| Stage | CRM | % of rev | ELV | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $11.3B | 100.00% | $51.4B | 100.00% | ELV ×4.53 |
| Gross profit | $8.7B | 76.65% | $8.0B | 15.57% | CRM +61.1pp |
| Operating income | $2.3B | 20.55% | $2.2B | 4.18% | CRM +16.4pp |
| Pre-tax income | $4.6B | 40.12% | $1.8B | 3.49% | CRM +36.6pp |
| Net income | $3.5B | 31.08% | $1.3B | 2.61% | CRM +28.5pp |
| Stage | CRM | ELV | Gap · A − B |
|---|---|---|---|
| Revenue | $11.3B100.00% | $51.4B100.00% | ELV ×4.53 |
| Gross profit | 76.65%$8.7B | 15.57%$8.0B | CRM +61.1pp |
| Operating income | 20.55%$2.3B | 4.18%$2.2B | CRM +16.4pp |
| Pre-tax income | 40.12%$4.6B | 3.49%$1.8B | CRM +36.6pp |
| Net income |
| 31.08%$3.5B |
| 2.61%$1.3B |
| CRM +28.5pp |
No shared counterparties.