| Stage | FWONK | % of rev | ON | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $934M | 100.00% | $1.7B | 100.00% | ON ×1.84 |
| Gross profit | $329M | 35.22% | $713M | 41.40% | ON +6.2pp |
| Operating income | $88M | 9.42% | $378M | 21.96% | ON +12.5pp |
| Pre-tax income | $33M | 3.53% | $399M | 23.18% | ON +19.7pp |
| Net income | $8M | 0.86% | $314M | 18.25% | ON +17.4pp |
| Stage | FWONK | ON | Gap · A − B |
|---|---|---|---|
| Revenue | $934M100.00% | $1.7B100.00% | ON ×1.84 |
| Gross profit | 35.22%$329M | 41.40%$713M | ON +6.2pp |
| Operating income | 9.42%$88M | 21.96%$378M | ON +12.5pp |
| Pre-tax income | 3.53%$33M | 23.18%$399M | ON +19.7pp |
| Net income |
| 0.86%$8M |
| 18.25%$314M |
| ON +17.4pp |
None
No disclosed counterparties: FWONK.