No disclosed counterparties: KMI, BMI.
| Stage | KMI | % of rev | BMI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.5B | 100.00% | $236M | 100.00% | KMI ×19.20 |
| Gross profit | $2.8B | 62.77% | $99M | 41.90% | KMI +20.9pp |
| Operating income | $1.2B | 25.60% | $48M | 20.23% | KMI +5.4pp |
| Pre-tax income | $980M | 21.63% | $48M | 20.33% | KMI +1.3pp |
| Net income | $790M | 17.44% | $36M | 15.22% | KMI +2.2pp |
| Stage | KMI | BMI | Gap · A − B |
|---|---|---|---|
| Revenue | $4.5B100.00% | $236M100.00% | KMI ×19.20 |
| Gross profit | 62.77%$2.8B | 41.90%$99M | KMI +20.9pp |
| Operating income | 25.60%$1.2B | 20.23%$48M | KMI +5.4pp |
| Pre-tax income | 21.63%$980M | 20.33%$48M | KMI +1.3pp |
| Net income | 17.44%$790M | 15.22%$36M | KMI +2.2pp |