| Stage | HRL | % of rev | BF.B | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $3.0B | 100.00% | $1.2B | 100.00% | HRL ×2.51 |
| Gross profit | $472M | 15.92% | $549M | 46.49% | BF.B +30.6pp |
| Operating income | $148M | 5.00% | $252M | 21.34% | BF.B +16.3pp |
| Pre-tax income | $103M | 3.48% | $229M | 19.39% | BF.B +15.9pp |
| Net income | $60M | 2.01% | $176M | 14.90% | BF.B +12.9pp |
| Stage | HRL | BF.B | Gap · A − B |
|---|---|---|---|
| Revenue | $3.0B100.00% | $1.2B100.00% | HRL ×2.51 |
| Gross profit | 15.92%$472M | 46.49%$549M | BF.B +30.6pp |
| Operating income | 5.00%$148M | 21.34%$252M | BF.B +16.3pp |
| Pre-tax income | 3.48%$103M | 19.39%$229M | BF.B +15.9pp |
| Net income |
| 2.01%$60M |
| 14.90%$176M |
| BF.B +12.9pp |
No disclosed counterparties: BF.B.
None