| Stage | LAUR | % of rev | APEI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $485M | 100.00% | $172M | 100.00% | LAUR ×2.82 |
| Gross profit | $132M | 27.15% | $95M | 55.37% | APEI +28.2pp |
| Operating income | $119M | 24.56% | $14M | 7.88% | LAUR +16.7pp |
| Pre-tax income | $121M | 24.99% | $14M | 8.25% | LAUR +16.7pp |
| Net income | $101M | 20.87% | $10M | 5.69% | LAUR +15.2pp |
| Stage | LAUR | APEI | Gap · A − B |
|---|---|---|---|
| Revenue | $485M100.00% | $172M100.00% | LAUR ×2.82 |
| Gross profit | 27.15%$132M | 55.37%$95M | APEI +28.2pp |
| Operating income | 24.56%$119M | 7.88%$14M | LAUR +16.7pp |
| Pre-tax income | 24.99%$121M | 8.25%$14M | LAUR +16.7pp |
| Net income |
| 20.87%$101M |
| 5.69%$10M |
| LAUR +15.2pp |
None
No disclosed counterparties: LAUR.