| Stage | ETN | % of rev | VRT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $8.9B | 100.00% | $4.3B | 100.00% | ETN ×2.07 |
| Gross profit | $3.1B | 34.70% | $1.6B | 38.11% | VRT +3.4pp |
| Operating income | $1.6B | 17.76% | $984M | 22.81% | VRT +5.1pp |
| Pre-tax income | $1.4B | 15.31% | $995M | 23.07% | VRT +7.8pp |
| Net income | $1.1B | 12.06% | $765M | 17.73% | VRT +5.7pp |
| Stage | ETN | VRT | Gap · A − B |
|---|---|---|---|
| Revenue | $8.9B100.00% | $4.3B100.00% | ETN ×2.07 |
| Gross profit | 34.70%$3.1B | 38.11%$1.6B | VRT +3.4pp |
| Operating income | 17.76%$1.6B | 22.81%$984M | VRT +5.1pp |
| Pre-tax income | 15.31%$1.4B | 23.07%$995M | VRT +7.8pp |
| Net income |
| 12.06%$1.1B |
| 17.73%$765M |
| VRT +5.7pp |