| Stage | IEX | % of rev | NTAP | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $952M | 100.00% | $1.7B | 100.00% | NTAP ×1.80 |
| Gross profit | $430M | 45.13% | $1.2B | 70.58% | NTAP +25.4pp |
| Operating income | $208M | 21.86% | $434M | 25.34% | NTAP +3.5pp |
| Pre-tax income | $193M | 20.25% | $433M | 25.28% | NTAP +5.0pp |
| Net income | $144M | 15.13% | $334M | 19.50% | NTAP +4.4pp |
| Stage | IEX | NTAP | Gap · A − B |
|---|---|---|---|
| Revenue | $952M100.00% | $1.7B100.00% | NTAP ×1.80 |
| Gross profit | 45.13%$430M | 70.58%$1.2B | NTAP +25.4pp |
| Operating income | 21.86%$208M | 25.34%$434M | NTAP +3.5pp |
| Pre-tax income | 20.25%$193M | 25.28%$433M | NTAP +5.0pp |
| Net income |
| 15.13%$144M |
| 19.50%$334M |
| NTAP +4.4pp |