| Stage | DVA | % of rev | VAC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $3.6B | 100.00% | $1.4B | 100.00% | DVA ×2.62 |
| Gross profit | $1.1B | 31.50% | $1.1B | 77.47% | VAC +46.0pp |
| Operating income | $499M | 13.95% | $153M | 11.19% | DVA +2.8pp |
| Pre-tax income | $359M | 10.02% | $113M | 8.27% | DVA +1.8pp |
| Net income | $269M | 7.53% | $82M | 6.00% | DVA +1.5pp |
| Stage | DVA | VAC | Gap · A − B |
|---|---|---|---|
| Revenue | $3.6B100.00% | $1.4B100.00% | DVA ×2.62 |
| Gross profit | 31.50%$1.1B | 77.47%$1.1B | VAC +46.0pp |
| Operating income | 13.95%$499M | 11.19%$153M | DVA +2.8pp |
| Pre-tax income | 10.02%$359M | 8.27%$113M | DVA +1.8pp |
| Net income |
| 7.53%$269M |
| 6.00%$82M |
| DVA +1.5pp |
No shared counterparties.