| Stage | ITW | % of rev | TWIN | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.2B | 100.00% | $89M | 100.00% | ITW ×47.73 |
| Gross profit | $1.9B | 45.09% | $25M | 28.65% | ITW +16.4pp |
| Operating income | $1.2B | 27.79% | $5M | 5.16% | ITW +22.6pp |
| Pre-tax income | $1.1B | 26.70% | $4M | 4.40% | ITW +22.3pp |
| Net income | $855M | 20.18% | $3M | 3.93% | ITW +16.3pp |
| Stage | ITW | TWIN | Gap · A − B |
|---|---|---|---|
| Revenue | $4.2B100.00% | $89M100.00% | ITW ×47.73 |
| Gross profit | 45.09%$1.9B | 28.65%$25M | ITW +16.4pp |
| Operating income | 27.79%$1.2B | 5.16%$5M | ITW +22.6pp |
| Pre-tax income | 26.70%$1.1B | 4.40%$4M | ITW +22.3pp |
| Net income |
| 20.18%$855M |
| 3.93%$3M |
| ITW +16.3pp |
No disclosed counterparties: ITW, TWIN.