| Stage | KAI | % of rev | MC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $313M | 100.00% | $409M | 100.00% | MC ×1.31 |
| Gross profit | $137M | 43.79% | $409M | 100.00% | MC +56.2pp |
| Operating income | $51M | 16.26% | $73M | 17.79% | MC +1.5pp |
| Pre-tax income | $46M | 14.71% | $75M | 18.39% | MC +3.7pp |
| Net income | $33M | 10.50% | $55M | 13.47% | MC +3.0pp |
| Stage | KAI | MC | Gap · A − B |
|---|---|---|---|
| Revenue | $313M100.00% | $409M100.00% | MC ×1.31 |
| Gross profit | 43.79%$137M | 100.00%$409M | MC +56.2pp |
| Operating income | 16.26%$51M | 17.79%$73M | MC +1.5pp |
| Pre-tax income | 14.71%$46M | 18.39%$75M | MC +3.7pp |
| Net income |
| 10.50%$33M |
| 13.47%$55M |
| MC +3.0pp |
No disclosed counterparties: KAI, MC.