| Stage | FORR | % of rev | PAYX | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $100M | 100.00% | $1.6B | 100.00% | PAYX ×16.27 |
| Gross profit | $57M | 56.38% | $1.2B | 73.62% | PAYX +17.2pp |
| Operating income | $3M | 3.39% | $619M | 37.98% | PAYX +34.6pp |
| Pre-tax income | $3M | 2.91% | $565M | 34.65% | PAYX +31.7pp |
| Net income | $15M | 15.22% | $430M | 26.35% | PAYX +11.1pp |
| Stage | FORR | PAYX | Gap · A − B |
|---|---|---|---|
| Revenue | $100M100.00% | $1.6B100.00% | PAYX ×16.27 |
| Gross profit | 56.38%$57M | 73.62%$1.2B | PAYX +17.2pp |
| Operating income | 3.39%$3M | 37.98%$619M | PAYX +34.6pp |
| Pre-tax income | 2.91%$3M | 34.65%$565M | PAYX +31.7pp |
| Net income |
| 15.22%$15M |
| 26.35%$430M |
| PAYX +11.1pp |
No disclosed counterparties: FORR, PAYX.