| Stage | ITW | % of rev | GTES | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.2B | 100.00% | $904M | 100.00% | ITW ×4.69 |
| Gross profit | $1.9B | 45.09% | $383M | 42.42% | ITW +2.7pp |
| Operating income | $1.2B | 27.79% | $131M | 14.53% | ITW +13.3pp |
| Pre-tax income | $1.1B | 26.70% | $108M | 11.99% | ITW +14.7pp |
| Net income | $855M | 20.18% | $91M | 10.12% | ITW +10.1pp |
| Stage | ITW | GTES | Gap · A − B |
|---|---|---|---|
| Revenue | $4.2B100.00% | $904M100.00% | ITW ×4.69 |
| Gross profit | 45.09%$1.9B | 42.42%$383M | ITW +2.7pp |
| Operating income | 27.79%$1.2B | 14.53%$131M | ITW +13.3pp |
| Pre-tax income | 26.70%$1.1B | 11.99%$108M | ITW +14.7pp |
| Net income |
| 20.18%$855M |
| 10.12%$91M |
| ITW +10.1pp |
No disclosed counterparties: ITW, GTES.