| Stage | MSM | % of rev | GIC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.1B | 100.00% | $390M | 100.00% | MSM ×2.77 |
| Gross profit | $439M | 40.64% | $139M | 35.66% | MSM +5.0pp |
| Operating income | $73M | 6.75% | $33M | 8.40% | GIC +1.7pp |
| Pre-tax income | $64M | 5.96% | $33M | 8.50% | GIC +2.5pp |
| Net income | $48M | 4.44% | $25M | 6.32% | GIC +1.9pp |
| Stage | MSM | GIC | Gap · A − B |
|---|---|---|---|
| Revenue | $1.1B100.00% | $390M100.00% | MSM ×2.77 |
| Gross profit | 40.64%$439M | 35.66%$139M | MSM +5.0pp |
| Operating income | 6.75%$73M | 8.40%$33M | GIC +1.7pp |
| Pre-tax income | 5.96%$64M | 8.50%$33M | GIC +2.5pp |
| Net income |
| 4.44%$48M |
| 6.32%$25M |
| GIC +1.9pp |
No disclosed counterparties: GIC.
None