| Stage | MKC.V | % of rev | BELFA | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.0B | 100.00% | $221M | 100.00% | MKC.V ×9.18 |
| Gross profit | $795M | 39.26% | $90M | 40.94% | BELFA +1.7pp |
| Operating income | $217M | 10.72% | $40M | 17.94% | BELFA +7.2pp |
| Pre-tax income | $155M | 7.63% | $47M | 21.15% | BELFA +13.5pp |
| Net income | $108M | 5.31% | $38M | 17.41% | BELFA +12.1pp |
| Stage | MKC.V | BELFA | Gap · A − B |
|---|---|---|---|
| Revenue | $2.0B100.00% | $221M100.00% | MKC.V ×9.18 |
| Gross profit | 39.26%$795M | 40.94%$90M | BELFA +1.7pp |
| Operating income | 10.72%$217M | 17.94%$40M | BELFA +7.2pp |
| Pre-tax income | 7.63%$155M | 21.15%$47M | BELFA +13.5pp |
| Net income |
| 5.31%$108M |
| 17.41%$38M |
| BELFA +12.1pp |
No disclosed counterparties: MKC.V, BELFA.