| Stage | KGS | % of rev | WMB | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $391M | 100.00% | $3.2B | 100.00% | WMB ×8.24 |
| Gross profit | $247M | 63.09% | $2.6B | 80.39% | WMB +17.3pp |
| Operating income | $124M | 31.76% | $1.1B | 35.25% | WMB +3.5pp |
| Pre-tax income | $73M | 18.72% | $988M | 30.65% | WMB +11.9pp |
| Net income | $52M | 13.33% | $767M | 23.80% | WMB +10.5pp |
| Stage | KGS | WMB | Gap · A − B |
|---|---|---|---|
| Revenue | $391M100.00% | $3.2B100.00% | WMB ×8.24 |
| Gross profit | 63.09%$247M | 80.39%$2.6B | WMB +17.3pp |
| Operating income | 31.76%$124M | 35.25%$1.1B | WMB +3.5pp |
| Pre-tax income | 18.72%$73M | 30.65%$988M | WMB +11.9pp |
| Net income |
| 13.33%$52M |
| 23.80%$767M |
| WMB +10.5pp |
None
No disclosed counterparties: KGS.