| Stage | GEV | % of rev | VST | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $12.6B | 100.00% | $4.0B | 100.00% | GEV ×3.15 |
| Gross profit | $3.1B | 24.58% | $2.2B | 55.84% | VST +31.3pp |
| Operating income | $1.4B | 11.03% | $553M | 13.77% | VST +2.7pp |
| Pre-tax income | $1.8B | 14.10% | $427M | 10.63% | GEV +3.5pp |
| Net income | $1.3B | 10.20% | $305M | 7.59% | GEV +2.6pp |
| Stage | GEV | VST | Gap · A − B |
|---|---|---|---|
| Revenue | $12.6B100.00% | $4.0B100.00% | GEV ×3.15 |
| Gross profit | 24.58%$3.1B | 55.84%$2.2B | VST +31.3pp |
| Operating income | 11.03%$1.4B | 13.77%$553M | VST +2.7pp |
| Pre-tax income | 14.10%$1.8B | 10.63%$427M | GEV +3.5pp |
| Net income |
| 10.20%$1.3B |
| 7.59%$305M |
| GEV +2.6pp |