| Stage | DOW | % of rev | SPGI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $11.3B | 100.00% | $3.7B | 100.00% | DOW ×3.06 |
| Gross profit | $1.4B | 12.23% | $2.6B | 71.89% | SPGI +59.7pp |
| Operating income | $741M | 6.58% | $2.0B | 53.18% | SPGI +46.6pp |
| Pre-tax income | $642M | 5.70% | $1.9B | 50.92% | SPGI +45.2pp |
| Net income | $525M | 4.66% | $1.3B | 36.65% | SPGI +32.0pp |
| Stage | DOW | SPGI | Gap · A − B |
|---|---|---|---|
| Revenue | $11.3B100.00% | $3.7B100.00% | DOW ×3.06 |
| Gross profit | 12.23%$1.4B | 71.89%$2.6B | SPGI +59.7pp |
| Operating income | 6.58%$741M | 53.18%$2.0B | SPGI +46.6pp |
| Pre-tax income | 5.70%$642M | 50.92%$1.9B | SPGI +45.2pp |
| Net income |
| 4.66%$525M |
| 36.65%$1.3B |
| SPGI +32.0pp |
No shared counterparties.