| Stage | ENB | % of rev | KMI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $14.8B | 100.00% | $4.5B | 100.00% | ENB ×3.27 |
| Gross profit | $4.3B | 28.91% | $2.8B | 62.77% | KMI +33.9pp |
| Operating income | $1.5B | 10.14% | $1.2B | 25.60% | KMI +15.5pp |
| Pre-tax income | $1.3B | 8.91% | $980M | 21.63% | KMI +12.7pp |
| Net income | $1.0B | 6.84% | $790M | 17.44% | KMI +10.6pp |
| Stage | ENB | KMI | Gap · A − B |
|---|---|---|---|
| Revenue | $14.8B100.00% | $4.5B100.00% | ENB ×3.27 |
| Gross profit | 28.91%$4.3B | 62.77%$2.8B | KMI +33.9pp |
| Operating income | 10.14%$1.5B | 25.60%$1.2B | KMI +15.5pp |
| Pre-tax income | 8.91%$1.3B | 21.63%$980M | KMI +12.7pp |
| Net income |
| 6.84%$1.0B |
| 17.44%$790M |
| KMI +10.6pp |
No disclosed counterparties: KMI.
None