| Stage | ENB | % of rev | WMB | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $14.8B | 100.00% | $3.2B | 100.00% | ENB ×4.60 |
| Gross profit | $4.3B | 28.91% | $2.6B | 80.39% | WMB +51.5pp |
| Operating income | $1.5B | 10.14% | $1.1B | 35.25% | WMB +25.1pp |
| Pre-tax income | $1.3B | 8.91% | $988M | 30.65% | WMB +21.7pp |
| Net income | $1.0B | 6.84% | $767M | 23.80% | WMB +17.0pp |
| Stage | ENB | WMB | Gap · A − B |
|---|---|---|---|
| Revenue | $14.8B100.00% | $3.2B100.00% | ENB ×4.60 |
| Gross profit | 28.91%$4.3B | 80.39%$2.6B | WMB +51.5pp |
| Operating income | 10.14%$1.5B | 35.25%$1.1B | WMB +25.1pp |
| Pre-tax income | 8.91%$1.3B | 30.65%$988M | WMB +21.7pp |
| Net income |
| 6.84%$1.0B |
| 23.80%$767M |
| WMB +17.0pp |
No shared counterparties.