| Stage | MIDD | % of rev | HAYW | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $876M | 100.00% | $260M | 100.00% | MIDD ×3.37 |
| Gross profit | $335M | 38.27% | $125M | 47.92% | HAYW +9.6pp |
| Operating income | $148M | 16.87% | $50M | 19.30% | HAYW +2.4pp |
| Pre-tax income | $126M | 14.43% | $41M | 15.82% | HAYW +1.4pp |
| Net income | $55M | 6.26% | $32M | 12.46% | HAYW +6.2pp |
| Stage | MIDD | HAYW | Gap · A − B |
|---|---|---|---|
| Revenue | $876M100.00% | $260M100.00% | MIDD ×3.37 |
| Gross profit | 38.27%$335M | 47.92%$125M | HAYW +9.6pp |
| Operating income | 16.87%$148M | 19.30%$50M | HAYW +2.4pp |
| Pre-tax income | 14.43%$126M | 15.82%$41M | HAYW +1.4pp |
| Net income |
| 6.26%$55M |
| 12.46%$32M |
| HAYW +6.2pp |
None
No disclosed counterparties: MIDD.