| Stage | MCD | % of rev | QSR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $7.1B | 100.00% | $2.5B | 100.00% | MCD ×2.82 |
| Gross profit | $4.3B | 60.30% | $1.4B | 54.64% | MCD +5.7pp |
| Operating income | $3.3B | 47.02% | $716M | 28.41% | MCD +18.6pp |
| Pre-tax income | $2.9B | 41.36% | $592M | 23.49% | MCD +17.9pp |
| Net income | $2.4B | 33.27% | $665M | 26.39% | MCD +6.9pp |
| Stage | MCD | QSR | Gap · A − B |
|---|---|---|---|
| Revenue | $7.1B100.00% | $2.5B100.00% | MCD ×2.82 |
| Gross profit | 60.30%$4.3B | 54.64%$1.4B | MCD +5.7pp |
| Operating income | 47.02%$3.3B | 28.41%$716M | MCD +18.6pp |
| Pre-tax income | 41.36%$2.9B | 23.49%$592M | MCD +17.9pp |
| Net income |
| 33.27%$2.4B |
| 26.39%$665M |
| MCD +6.9pp |
No shared counterparties.