| Stage | INGR | % of rev | GIS | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.9B | 100.00% | $4.4B | 100.00% | GIS ×2.37 |
| Gross profit | $426M | 23.03% | $1.5B | 33.88% | GIS +10.9pp |
| Operating income | $188M | 10.16% | $634M | 14.43% | GIS +4.3pp |
| Pre-tax income | $175M | 9.46% | $502M | 11.44% | GIS +2.0pp |
| Net income | $116M | 6.27% | $398M | 9.07% | GIS +2.8pp |
| Stage | INGR | GIS | Gap · A − B |
|---|---|---|---|
| Revenue | $1.9B100.00% | $4.4B100.00% | GIS ×2.37 |
| Gross profit | 23.03%$426M | 33.88%$1.5B | GIS +10.9pp |
| Operating income | 10.16%$188M | 14.43%$634M | GIS +4.3pp |
| Pre-tax income | 9.46%$175M | 11.44%$502M | GIS +2.0pp |
| Net income |
| 6.27%$116M |
| 9.07%$398M |
| GIS +2.8pp |