| Stage | HRI | % of rev | NPKI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.4B | 100.00% | $76M | 100.00% | HRI ×17.88 |
| Gross profit | $500M | 36.66% | $24M | 31.34% | HRI +5.3pp |
| Operating income | $247M | 18.11% | $9M | 12.01% | HRI +6.1pp |
| Pre-tax income | $120M | 8.80% | $9M | 11.27% | NPKI +2.5pp |
| Net income | $104M | 7.62% | $6M | 8.01% | NPKI +0.4pp |
| Stage | HRI | NPKI | Gap · A − B |
|---|---|---|---|
| Revenue | $1.4B100.00% | $76M100.00% | HRI ×17.88 |
| Gross profit | 36.66%$500M | 31.34%$24M | HRI +5.3pp |
| Operating income | 18.11%$247M | 12.01%$9M | HRI +6.1pp |
| Pre-tax income | 8.80%$120M | 11.27%$9M | NPKI +2.5pp |
| Net income |
| 7.62%$104M |
| 8.01%$6M |
| NPKI +0.4pp |
None
No disclosed counterparties: HRI.