| Stage | MSM | % of rev | AYI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.1B | 100.00% | $1.2B | 100.00% | AYI ×1.15 |
| Gross profit | $439M | 40.64% | $670M | 53.85% | AYI +13.2pp |
| Operating income | $73M | 6.75% | $227M | 18.24% | AYI +11.5pp |
| Pre-tax income | $64M | 5.96% | $220M | 17.68% | AYI +11.7pp |
| Net income | $48M | 4.44% | $173M | 13.90% | AYI +9.5pp |
| Stage | MSM | AYI | Gap · A − B |
|---|---|---|---|
| Revenue | $1.1B100.00% | $1.2B100.00% | AYI ×1.15 |
| Gross profit | 40.64%$439M | 53.85%$670M | AYI +13.2pp |
| Operating income | 6.75%$73M | 18.24%$227M | AYI +11.5pp |
| Pre-tax income | 5.96%$64M | 17.68%$220M | AYI +11.7pp |
| Net income |
| 4.44%$48M |
| 13.90%$173M |
| AYI +9.5pp |
No shared counterparties.