Revenue flow

Margins

Stage	DHR	% of rev	RAL	% of rev	Gap · A − B
Revenue	$6.6B	100.00%	$568M	100.00%	DHR ×11.54
Gross profit	$3.8B	58.54%	$293M	51.59%	DHR +7.0pp
Operating income	$1.2B	19.00%	$82M	14.48%	DHR +4.5pp
Pre-tax income	$1.1B	17.27%	$69M	12.06%	DHR +5.2pp
Net income	$1.2B	18.84%	$57M	10.07%	DHR +8.8pp

Stage	DHR	RAL	Gap · A − B
Revenue	$6.6B100.00%	$568M100.00%	DHR ×11.54
Gross profit	58.54%$3.8B	51.59%$293M	DHR +7.0pp
Operating income	19.00%$1.2B	14.48%$82M	DHR +4.5pp
Pre-tax income	17.27%$1.1B	12.06%$69M	DHR +5.2pp
Net income