| Stage | KEYS | % of rev | DHR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.8B | 100.00% | $6.6B | 100.00% | DHR ×3.55 |
| Gross profit | $1.2B | 65.87% | $3.8B | 58.54% | KEYS +7.3pp |
| Operating income | $461M | 24.97% | $1.2B | 19.00% | KEYS +6.0pp |
| Pre-tax income | $477M | 25.84% | $1.1B | 17.27% | KEYS +8.6pp |
| Net income | $397M | 21.51% | $1.2B | 18.84% | KEYS +2.7pp |
| Stage | KEYS | DHR | Gap · A − B |
|---|---|---|---|
| Revenue | $1.8B100.00% | $6.6B100.00% | DHR ×3.55 |
| Gross profit | 65.87%$1.2B | 58.54%$3.8B | KEYS +7.3pp |
| Operating income | 24.97%$461M | 19.00%$1.2B | KEYS +6.0pp |
| Pre-tax income | 25.84%$477M | 17.27%$1.1B | KEYS +8.6pp |
| Net income |
| 21.51%$397M |
| 18.84%$1.2B |
| KEYS +2.7pp |
No disclosed counterparties: KEYS, DHR.