| Stage | HWM | % of rev | TG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.7B | 100.00% | $216M | 100.00% | HWM ×12.50 |
| Gross profit | $1.0B | 37.11% | $29M | 13.40% | HWM +23.7pp |
| Operating income | $777M | 28.75% | $8M | 3.79% | HWM +25.0pp |
| Pre-tax income | $721M | 26.67% | $8M | 3.60% | HWM +23.1pp |
| Net income | $567M | 20.98% | $6M | 2.78% | HWM +18.2pp |
| Stage | HWM | TG | Gap · A − B |
|---|---|---|---|
| Revenue | $2.7B100.00% | $216M100.00% | HWM ×12.50 |
| Gross profit | 37.11%$1.0B | 13.40%$29M | HWM +23.7pp |
| Operating income | 28.75%$777M | 3.79%$8M | HWM +25.0pp |
| Pre-tax income | 26.67%$721M | 3.60%$8M | HWM +23.1pp |
| Net income |
| 20.98%$567M |
| 2.78%$6M |
| HWM +18.2pp |