| Stage | FLEX | % of rev | CLS | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $8.5B | 100.00% | $5.8B | 100.00% | FLEX ×1.46 |
| Gross profit | $812M | 9.56% | $641M | 10.99% | CLS +1.4pp |
| Operating income | $414M | 4.88% | $460M | 7.89% | CLS +3.0pp |
| Pre-tax income | $370M | 4.36% | $456M | 7.82% | CLS +3.5pp |
| Net income | $263M | 3.10% | $397M | 6.81% | CLS +3.7pp |
| Stage | FLEX | CLS | Gap · A − B |
|---|---|---|---|
| Revenue | $8.5B100.00% | $5.8B100.00% | FLEX ×1.46 |
| Gross profit | 9.56%$812M | 10.99%$641M | CLS +1.4pp |
| Operating income | 4.88%$414M | 7.89%$460M | CLS +3.0pp |
| Pre-tax income | 4.36%$370M | 7.82%$456M | CLS +3.5pp |
| Net income |
| 3.10%$263M |
| 6.81%$397M |
| CLS +3.7pp |
No shared counterparties.