| Stage | MLI | % of rev | HWM | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.4B | 100.00% | $2.7B | 100.00% | HWM ×1.91 |
| Gross profit | $361M | 25.48% | $1.0B | 37.11% | HWM +11.6pp |
| Operating income | $282M | 19.85% | $777M | 28.75% | HWM +8.9pp |
| Pre-tax income | $299M | 21.09% | $721M | 26.67% | HWM +5.6pp |
| Net income | $224M | 15.81% | $567M | 20.98% | HWM +5.2pp |
| Stage | MLI | HWM | Gap · A − B |
|---|---|---|---|
| Revenue | $1.4B100.00% | $2.7B100.00% | HWM ×1.91 |
| Gross profit | 25.48%$361M | 37.11%$1.0B | HWM +11.6pp |
| Operating income | 19.85%$282M | 28.75%$777M | HWM +8.9pp |
| Pre-tax income | 21.09%$299M | 26.67%$721M | HWM +5.6pp |
| Net income | 15.81%$224M | 20.98%$567M | HWM +5.2pp |