| Stage | MAN | % of rev | LEG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.8B | 100.00% | $1000M | 100.00% | MAN ×4.84 |
| Gross profit | $767M | 15.85% | $203M | 20.33% | LEG +4.5pp |
| Operating income | $82M | 1.70% | $80M | 8.01% | LEG +6.3pp |
| Pre-tax income | $68M | 1.40% | $68M | 6.84% | LEG +5.4pp |
| Net income | $34M | 0.70% | $47M | 4.71% | LEG +4.0pp |
| Stage | MAN | LEG | Gap · A − B |
|---|---|---|---|
| Revenue | $4.8B100.00% | $1000M100.00% | MAN ×4.84 |
| Gross profit | 15.85%$767M | 20.33%$203M | LEG +4.5pp |
| Operating income | 1.70%$82M | 8.01%$80M | LEG +6.3pp |
| Pre-tax income | 1.40%$68M | 6.84%$68M | LEG +5.4pp |
| Net income |
| 0.70%$34M |
| 4.71%$47M |
| LEG +4.0pp |
No disclosed counterparties: MAN, LEG.