| Stage | MSM | % of rev | COKE | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.1B | 100.00% | $2.1B | 100.00% | COKE ×1.90 |
| Gross profit | $439M | 40.64% | $778M | 37.93% | MSM +2.7pp |
| Operating income | $73M | 6.75% | $271M | 13.22% | COKE +6.5pp |
| Pre-tax income | $64M | 5.96% | $215M | 10.48% | COKE +4.5pp |
| Net income | $48M | 4.44% | $159M | 7.74% | COKE +3.3pp |
| Stage | MSM | COKE | Gap · A − B |
|---|---|---|---|
| Revenue | $1.1B100.00% | $2.1B100.00% | COKE ×1.90 |
| Gross profit | 40.64%$439M | 37.93%$778M | MSM +2.7pp |
| Operating income | 6.75%$73M | 13.22%$271M | COKE +6.5pp |
| Pre-tax income | 5.96%$64M | 10.48%$215M | COKE +4.5pp |
| Net income |
| 4.44%$48M |
| 7.74%$159M |
| COKE +3.3pp |
No shared counterparties.