| Stage | JOE | % of rev | NWN | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $156M | 100.00% | $244M | 100.00% | NWN ×1.56 |
| Gross profit | $156M | 100.00% | $101M | 41.65% | JOE +58.3pp |
| Operating income | $62M | 39.40% | $33M | 13.61% | JOE +25.8pp |
| Pre-tax income | $50M | 31.99% | $1M | 0.50% | JOE +31.5pp |
| Net income | $37M | 23.73% | $600,000 | 0.25% | JOE +23.5pp |
| Stage | JOE | NWN | Gap · A − B |
|---|---|---|---|
| Revenue | $156M100.00% | $244M100.00% | NWN ×1.56 |
| Gross profit | 100.00%$156M | 41.65%$101M | JOE +58.3pp |
| Operating income | 39.40%$62M | 13.61%$33M | JOE +25.8pp |
| Pre-tax income | 31.99%$50M | 0.50%$1M | JOE +31.5pp |
| Net income |
| 23.73%$37M |
| 0.25%$600,000 |
| JOE +23.5pp |
None
No disclosed counterparties: JOE.