| Stage | ITW | % of rev | NUE | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.2B | 100.00% | $10.4B | 100.00% | NUE ×2.45 |
| Gross profit | $1.9B | 45.09% | $2.0B | 19.56% | ITW +25.5pp |
| Operating income | $1.2B | 27.79% | $1.6B | 15.67% | ITW +12.1pp |
| Pre-tax income | $1.1B | 26.70% | $1.6B | 15.63% | ITW +11.1pp |
| Net income | $855M | 20.18% | $1.3B | 12.31% | ITW +7.9pp |
| Stage | ITW | NUE | Gap · A − B |
|---|---|---|---|
| Revenue | $4.2B100.00% | $10.4B100.00% | NUE ×2.45 |
| Gross profit | 45.09%$1.9B | 19.56%$2.0B | ITW +25.5pp |
| Operating income | 27.79%$1.2B | 15.67%$1.6B | ITW +12.1pp |
| Pre-tax income | 26.70%$1.1B | 15.63%$1.6B | ITW +11.1pp |
| Net income |
| 20.18%$855M |
| 12.31%$1.3B |
| ITW +7.9pp |