| Stage | CSGP | % of rev | SHOP | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $952M | 100.00% | $3.6B | 100.00% | SHOP ×3.76 |
| Gross profit | $741M | 77.84% | $1.7B | 47.67% | CSGP +30.2pp |
| Operating income | $84M | 8.82% | $488M | 13.62% | SHOP +4.8pp |
| Pre-tax income | $84M | 8.82% | $1.8B | 49.54% | SHOP +40.7pp |
| Net income | $74M | 7.77% | $1.5B | 41.92% | SHOP +34.1pp |
| Stage | CSGP | SHOP | Gap · A − B |
|---|---|---|---|
| Revenue | $952M100.00% | $3.6B100.00% | SHOP ×3.76 |
| Gross profit | 77.84%$741M | 47.67%$1.7B | CSGP +30.2pp |
| Operating income | 8.82%$84M | 13.62%$488M | SHOP +4.8pp |
| Pre-tax income | 8.82%$84M | 49.54%$1.8B | SHOP +40.7pp |
| Net income |
| 7.77%$74M |
| 41.92%$1.5B |
| SHOP +34.1pp |
None
No disclosed counterparties: CSGP.