| Stage | GCMG | % of rev | PBH | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $134M | 100.00% | $266M | 100.00% | PBH ×1.98 |
| Gross profit | $63M | 47.02% | $136M | 51.25% | PBH +4.2pp |
| Operating income | $35M | 26.41% | $53M | 19.77% | GCMG +6.6pp |
| Pre-tax income | $36M | 26.46% | $39M | 14.50% | GCMG +12.0pp |
| Net income | $32M | 23.71% | $29M | 10.98% | GCMG +12.7pp |
| Stage | GCMG | PBH | Gap · A − B |
|---|---|---|---|
| Revenue | $134M100.00% | $266M100.00% | PBH ×1.98 |
| Gross profit | 47.02%$63M | 51.25%$136M | PBH +4.2pp |
| Operating income | 26.41%$35M | 19.77%$53M | GCMG +6.6pp |
| Pre-tax income | 26.46%$36M | 14.50%$39M | GCMG +12.0pp |
| Net income |
| 23.71%$32M |
| 10.98%$29M |
| GCMG +12.7pp |