| Stage | IR | % of rev | CTVA | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.1B | 100.00% | $6.4B | 100.00% | CTVA ×3.09 |
| Gross profit | $924M | 44.76% | $3.7B | 57.39% | CTVA +12.6pp |
| Operating income | $783M | 37.90% | $1.8B | 28.01% | IR +9.9pp |
| Pre-tax income | $725M | 35.12% | $1.6B | 25.47% | IR +9.6pp |
| Net income | $672M | 32.52% | $1.2B | 18.26% | IR +14.3pp |
| Stage | IR | CTVA | Gap · A − B |
|---|---|---|---|
| Revenue | $2.1B100.00% | $6.4B100.00% | CTVA ×3.09 |
| Gross profit | 44.76%$924M | 57.39%$3.7B | CTVA +12.6pp |
| Operating income | 37.90%$783M | 28.01%$1.8B | IR +9.9pp |
| Pre-tax income | 35.12%$725M | 25.47%$1.6B | IR +9.6pp |
| Net income |
| 32.52%$672M |
| 18.26%$1.2B |
| IR +14.3pp |