| Stage | HE | % of rev | LB | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $940M | 100.00% | $67M | 100.00% | HE ×14.06 |
| Gross profit | $940M | 100.00% | $66M | 98.30% | HE +1.7pp |
| Operating income | $204M | 21.73% | $44M | 66.07% | LB +44.3pp |
| Pre-tax income | $165M | 17.52% | $35M | 52.29% | LB +34.8pp |
| Net income | $123M | 13.11% | $31M | 46.45% | LB +33.3pp |
| Stage | HE | LB | Gap · A − B |
|---|---|---|---|
| Revenue | $940M100.00% | $67M100.00% | HE ×14.06 |
| Gross profit | 100.00%$940M | 98.30%$66M | HE +1.7pp |
| Operating income | 21.73%$204M | 66.07%$44M | LB +44.3pp |
| Pre-tax income | 17.52%$165M | 52.29%$35M | LB +34.8pp |
| Net income |
| 13.11%$123M |
| 46.45%$31M |
| LB +33.3pp |
No shared counterparties.