Revenue flow

Margins

Stage	EOG	% of rev	EGY	% of rev	Gap · A − B
Revenue	$8.6B	100.00%	$135M	100.00%	EOG ×63.34
Gross profit	$7.4B	86.65%	$89M	65.94%	EOG +20.7pp
Operating income	$3.5B	41.21%	$44M	32.25%	EOG +9.0pp
Pre-tax income	$3.5B	40.87%	$59M	43.83%	EGY +3.0pp
Net income	$2.7B	31.81%	$42M	31.40%	EOG +0.4pp

Stage	EOG	EGY	Gap · A − B
Revenue	$8.6B100.00%	$135M100.00%	EOG ×63.34
Gross profit	86.65%$7.4B	65.94%$89M	EOG +20.7pp
Operating income	41.21%$3.5B	32.25%$44M	EOG +9.0pp
Pre-tax income	40.87%$3.5B	43.83%$59M	EGY +3.0pp
Net income