| Stage | GIC | % of rev | MSM | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $390M | 100.00% | $1.1B | 100.00% | MSM ×2.77 |
| Gross profit | $139M | 35.66% | $439M | 40.64% | MSM +5.0pp |
| Operating income | $33M | 8.40% | $73M | 6.75% | GIC +1.7pp |
| Pre-tax income | $33M | 8.50% | $64M | 5.96% | GIC +2.5pp |
| Net income | $25M | 6.32% | $48M | 4.44% | GIC +1.9pp |
| Stage | GIC | MSM | Gap · A − B |
|---|---|---|---|
| Revenue | $390M100.00% | $1.1B100.00% | MSM ×2.77 |
| Gross profit | 35.66%$139M | 40.64%$439M | MSM +5.0pp |
| Operating income | 8.40%$33M | 6.75%$73M | GIC +1.7pp |
| Pre-tax income | 8.50%$33M | 5.96%$64M | GIC +2.5pp |
| Net income |
| 6.32%$25M |
| 4.44%$48M |
| GIC +1.9pp |
None
No disclosed counterparties: GIC.