| Stage | FA | % of rev | EVCM | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $449M | 100.00% | $152M | 100.00% | FA ×2.95 |
| Gross profit | $449M | 100.00% | $152M | 100.00% | 0.0pp |
| Operating income | $57M | 12.71% | $17M | 11.49% | FA +1.2pp |
| Pre-tax income | $25M | 5.58% | $11M | 7.36% | EVCM +1.8pp |
| Net income | $17M | 3.77% | $10M | 6.39% | EVCM +2.6pp |
| Stage | FA | EVCM | Gap · A − B |
|---|---|---|---|
| Revenue | $449M100.00% | $152M100.00% | FA ×2.95 |
| Gross profit | 100.00%$449M | 100.00%$152M | 0.0pp |
| Operating income | 12.71%$57M | 11.49%$17M | FA +1.2pp |
| Pre-tax income | 5.58%$25M | 7.36%$11M | EVCM +1.8pp |
| Net income |
| 3.77%$17M |
| 6.39%$10M |
| EVCM +2.6pp |
None
No disclosed counterparties: FA.