| Stage | DOW | % of rev | EMN | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $11.3B | 100.00% | $2.4B | 100.00% | DOW ×4.72 |
| Gross profit | $1.4B | 12.23% | $532M | 22.31% | EMN +10.1pp |
| Operating income | $741M | 6.58% | $305M | 12.79% | EMN +6.2pp |
| Pre-tax income | $642M | 5.70% | $249M | 10.44% | EMN +4.7pp |
| Net income | $525M | 4.66% | $253M | 10.61% | EMN +5.9pp |
| Stage | DOW | EMN | Gap · A − B |
|---|---|---|---|
| Revenue | $11.3B100.00% | $2.4B100.00% | DOW ×4.72 |
| Gross profit | 12.23%$1.4B | 22.31%$532M | EMN +10.1pp |
| Operating income | 6.58%$741M | 12.79%$305M | EMN +6.2pp |
| Pre-tax income | 5.70%$642M | 10.44%$249M | EMN +4.7pp |
| Net income | 4.66%$525M | 10.61%$253M | EMN +5.9pp |