| Stage | KAI | % of rev | HWKN | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $313M | 100.00% | $314M | 100.00% | HWKN ×1.00 |
| Gross profit | $137M | 43.79% | $77M | 24.41% | KAI +19.4pp |
| Operating income | $51M | 16.26% | $42M | 13.35% | KAI +2.9pp |
| Pre-tax income | $46M | 14.71% | $40M | 12.60% | KAI +2.1pp |
| Net income | $33M | 10.50% | $28M | 8.85% | KAI +1.6pp |
| Stage | KAI | HWKN | Gap · A − B |
|---|---|---|---|
| Revenue | $313M100.00% | $314M100.00% | HWKN ×1.00 |
| Gross profit | 43.79%$137M | 24.41%$77M | KAI +19.4pp |
| Operating income | 16.26%$51M | 13.35%$42M | KAI +2.9pp |
| Pre-tax income | 14.71%$46M | 12.60%$40M | KAI +2.1pp |
| Net income |
| 10.50%$33M |
| 8.85%$28M |
| KAI +1.6pp |
No disclosed counterparties: KAI, HWKN.