| Stage | GOLF | % of rev | CLAR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $820M | 100.00% | $56M | 100.00% | GOLF ×14.60 |
| Gross profit | $446M | 54.37% | $27M | 48.92% | GOLF +5.5pp |
| Operating income | $177M | 21.54% | $5M | 8.12% | GOLF +13.4pp |
| Pre-tax income | $164M | 20.00% | $5M | 8.43% | GOLF +11.6pp |
| Net income | $125M | 15.28% | $5M | 8.39% | GOLF +6.9pp |
| Stage | GOLF | CLAR | Gap · A − B |
|---|---|---|---|
| Revenue | $820M100.00% | $56M100.00% | GOLF ×14.60 |
| Gross profit | 54.37%$446M | 48.92%$27M | GOLF +5.5pp |
| Operating income | 21.54%$177M | 8.12%$5M | GOLF +13.4pp |
| Pre-tax income | 20.00%$164M | 8.43%$5M | GOLF +11.6pp |
| Net income |
| 15.28%$125M |
| 8.39%$5M |
| GOLF +6.9pp |
None
No disclosed counterparties: GOLF.