| Stage | MAN | % of rev | EPR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.8B | 100.00% | $204M | 100.00% | MAN ×23.71 |
| Gross profit | $767M | 15.85% | $204M | 100.00% | EPR +84.1pp |
| Operating income | $82M | 1.70% | $139M | 68.23% | EPR +66.5pp |
| Pre-tax income | $68M | 1.40% | $101M | 49.43% | EPR +48.0pp |
| Net income | $34M | 0.70% | $100M | 49.05% | EPR +48.3pp |
| Stage | MAN | EPR | Gap · A − B |
|---|---|---|---|
| Revenue | $4.8B100.00% | $204M100.00% | MAN ×23.71 |
| Gross profit | 15.85%$767M | 100.00%$204M | EPR +84.1pp |
| Operating income | 1.70%$82M | 68.23%$139M | EPR +66.5pp |
| Pre-tax income | 1.40%$68M | 49.43%$101M | EPR +48.0pp |
| Net income |
| 0.70%$34M |
| 49.05%$100M |
| EPR +48.3pp |
None
No disclosed counterparties: MAN.