| Stage | MSCI | % of rev | IDXX | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $892M | 100.00% | $1.2B | 100.00% | IDXX ×1.36 |
| Gross profit | $740M | 82.94% | $764M | 62.94% | MSCI +20.0pp |
| Operating income | $502M | 56.29% | $402M | 33.14% | MSCI +23.2pp |
| Pre-tax income | $428M | 47.97% | $399M | 32.89% | MSCI +15.1pp |
| Net income | $351M | 39.35% | $317M | 26.12% | MSCI +13.2pp |
| Stage | MSCI | IDXX | Gap · A − B |
|---|---|---|---|
| Revenue | $892M100.00% | $1.2B100.00% | IDXX ×1.36 |
| Gross profit | 82.94%$740M | 62.94%$764M | MSCI +20.0pp |
| Operating income | 56.29%$502M | 33.14%$402M | MSCI +23.2pp |
| Pre-tax income | 47.97%$428M | 32.89%$399M | MSCI +15.1pp |
| Net income |
| 39.35%$351M |
| 26.12%$317M |
| MSCI +13.2pp |