| Stage | MSI | % of rev | ZIP | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $3.4B | 100.00% | $118M | 100.00% | MSI ×28.60 |
| Gross profit | $1.8B | 52.37% | $105M | 89.34% | ZIP +37.0pp |
| Operating income | $777M | 23.02% | $4M | 3.50% | MSI +19.5pp |
| Pre-tax income | $678M | 20.08% | $60M | 50.70% | ZIP +30.6pp |
| Net income | $514M | 15.23% | $43M | 36.78% | ZIP +21.6pp |
| Stage | MSI | ZIP | Gap · A − B |
|---|---|---|---|
| Revenue | $3.4B100.00% | $118M100.00% | MSI ×28.60 |
| Gross profit | 52.37%$1.8B | 89.34%$105M | ZIP +37.0pp |
| Operating income | 23.02%$777M | 3.50%$4M | MSI +19.5pp |
| Pre-tax income | 20.08%$678M | 50.70%$60M | ZIP +30.6pp |
| Net income |
| 15.23%$514M |
| 36.78%$43M |
| ZIP +21.6pp |
No shared counterparties.