| Stage | HWM | % of rev | MLI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.7B | 100.00% | $1.4B | 100.00% | HWM ×1.91 |
| Gross profit | $1.0B | 37.11% | $361M | 25.48% | HWM +11.6pp |
| Operating income | $777M | 28.75% | $282M | 19.85% | HWM +8.9pp |
| Pre-tax income | $721M | 26.67% | $299M | 21.09% | HWM +5.6pp |
| Net income | $567M | 20.98% | $224M | 15.81% | HWM +5.2pp |
| Stage | HWM | MLI | Gap · A − B |
|---|---|---|---|
| Revenue | $2.7B100.00% | $1.4B100.00% | HWM ×1.91 |
| Gross profit | 37.11%$1.0B | 25.48%$361M | HWM +11.6pp |
| Operating income | 28.75%$777M | 19.85%$282M | HWM +8.9pp |
| Pre-tax income | 26.67%$721M | 21.09%$299M | HWM +5.6pp |
| Net income |
| 20.98%$567M |
| 15.81%$224M |
| HWM +5.2pp |