| Stage | IPAR | % of rev | CL | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $341M | 100.00% | $5.4B | 100.00% | CL ×15.74 |
| Gross profit | $224M | 65.54% | $3.2B | 60.22% | IPAR +5.3pp |
| Operating income | $49M | 14.35% | $1.1B | 20.26% | CL +5.9pp |
| Pre-tax income | $48M | 14.15% | $1.0B | 18.98% | CL +4.8pp |
| Net income | $37M | 10.81% | $779M | 14.51% | CL +3.7pp |
| Stage | IPAR | CL | Gap · A − B |
|---|---|---|---|
| Revenue | $341M100.00% | $5.4B100.00% | CL ×15.74 |
| Gross profit | 65.54%$224M | 60.22%$3.2B | IPAR +5.3pp |
| Operating income | 14.35%$49M | 20.26%$1.1B | CL +5.9pp |
| Pre-tax income | 14.15%$48M | 18.98%$1.0B | CL +4.8pp |
| Net income |
| 10.81%$37M |
| 14.51%$779M |
| CL +3.7pp |