| Stage | GWRE | % of rev | FWONA | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $411M | 100.00% | $934M | 100.00% | FWONA ×2.27 |
| Gross profit | $270M | 65.60% | $329M | 35.22% | GWRE +30.4pp |
| Operating income | $62M | 15.16% | $88M | 9.42% | GWRE +5.7pp |
| Pre-tax income | $45M | 11.02% | $33M | 3.53% | GWRE +7.5pp |
| Net income | $31M | 7.64% | $8M | 0.86% | GWRE +6.8pp |
| Stage | GWRE | FWONA | Gap · A − B |
|---|---|---|---|
| Revenue | $411M100.00% | $934M100.00% | FWONA ×2.27 |
| Gross profit | 65.60%$270M | 35.22%$329M | GWRE +30.4pp |
| Operating income | 15.16%$62M | 9.42%$88M | GWRE +5.7pp |
| Pre-tax income | 11.02%$45M | 3.53%$33M | GWRE +7.5pp |
| Net income | 7.64%$31M | 0.86%$8M | GWRE +6.8pp |
No disclosed counterparties: FWONA.
None