| Stage | HWKN | % of rev | ASH | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $314M | 100.00% | $497M | 100.00% | ASH ×1.58 |
| Gross profit | $77M | 24.41% | $170M | 34.21% | ASH +9.8pp |
| Operating income | $42M | 13.35% | $43M | 8.65% | HWKN +4.7pp |
| Pre-tax income | $40M | 12.60% | $56M | 11.27% | HWKN +1.3pp |
| Net income | $28M | 8.85% | $16M | 3.22% | HWKN +5.6pp |
| Stage | HWKN | ASH | Gap · A − B |
|---|---|---|---|
| Revenue | $314M100.00% | $497M100.00% | ASH ×1.58 |
| Gross profit | 24.41%$77M | 34.21%$170M | ASH +9.8pp |
| Operating income | 13.35%$42M | 8.65%$43M | HWKN +4.7pp |
| Pre-tax income | 12.60%$40M | 11.27%$56M | HWKN +1.3pp |
| Net income |
| 8.85%$28M |
| 3.22%$16M |
| HWKN +5.6pp |
None
No disclosed counterparties: HWKN.