| Stage | KNF | % of rev | VMC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.3B | 100.00% | $2.2B | 100.00% | VMC ×1.71 |
| Gross profit | $288M | 22.55% | $666M | 30.47% | VMC +7.9pp |
| Operating income | $214M | 16.79% | $525M | 24.01% | VMC +7.2pp |
| Pre-tax income | $189M | 14.79% | $471M | 21.57% | VMC +6.8pp |
| Net income | $138M | 10.81% | $363M | 16.61% | VMC +5.8pp |
| Stage | KNF | VMC | Gap · A − B |
|---|---|---|---|
| Revenue | $1.3B100.00% | $2.2B100.00% | VMC ×1.71 |
| Gross profit | 22.55%$288M | 30.47%$666M | VMC +7.9pp |
| Operating income | 16.79%$214M | 24.01%$525M | VMC +7.2pp |
| Pre-tax income | 14.79%$189M | 21.57%$471M | VMC +6.8pp |
| Net income |
| 10.81%$138M |
| 16.61%$363M |
| VMC +5.8pp |