| Stage | MCD | % of rev | LOCO | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $7.1B | 100.00% | $130M | 100.00% | MCD ×54.79 |
| Gross profit | $4.3B | 60.30% | $42M | 32.80% | MCD +27.5pp |
| Operating income | $3.3B | 47.02% | $19M | 14.42% | MCD +32.6pp |
| Pre-tax income | $2.9B | 41.36% | $18M | 13.87% | MCD +27.5pp |
| Net income | $2.4B | 33.27% | $13M | 9.88% | MCD +23.4pp |
| Stage | MCD | LOCO | Gap · A − B |
|---|---|---|---|
| Revenue | $7.1B100.00% | $130M100.00% | MCD ×54.79 |
| Gross profit | 60.30%$4.3B | 32.80%$42M | MCD +27.5pp |
| Operating income | 47.02%$3.3B | 14.42%$19M | MCD +32.6pp |
| Pre-tax income | 41.36%$2.9B | 13.87%$18M | MCD +27.5pp |
| Net income |
| 33.27%$2.4B |
| 9.88%$13M |
| MCD +23.4pp |