| Stage | FA | % of rev | ADP | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $449M | 100.00% | $5.5B | 100.00% | ADP ×12.24 |
| Gross profit | $449M | 100.00% | $2.8B | 50.57% | FA +49.4pp |
| Operating income | $57M | 12.71% | $1.5B | 26.64% | ADP +13.9pp |
| Pre-tax income | $25M | 5.58% | $1.5B | 26.50% | ADP +20.9pp |
| Net income | $17M | 3.77% | $1.1B | 20.49% | ADP +16.7pp |
| Stage | FA | ADP | Gap · A − B |
|---|---|---|---|
| Revenue | $449M100.00% | $5.5B100.00% | ADP ×12.24 |
| Gross profit | 100.00%$449M | 50.57%$2.8B | FA +49.4pp |
| Operating income | 12.71%$57M | 26.64%$1.5B | ADP +13.9pp |
| Pre-tax income | 5.58%$25M | 26.50%$1.5B | ADP +20.9pp |
| Net income |
| 3.77%$17M |
| 20.49%$1.1B |
| ADP +16.7pp |