| Stage | NEM | % of rev | CDE | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $6.4B | 100.00% | $1.1B | 100.00% | NEM ×5.86 |
| Gross profit | $4.2B | 66.32% | $502M | 46.22% | NEM +20.1pp |
| Operating income | $3.2B | 49.71% | $217M | 19.94% | NEM +29.8pp |
| Pre-tax income | $3.2B | 50.45% | $215M | 19.81% | NEM +30.6pp |
| Net income | $2.5B | 39.51% | $122M | 11.22% | NEM +28.3pp |
| Stage | NEM | CDE | Gap · A − B |
|---|---|---|---|
| Revenue | $6.4B100.00% | $1.1B100.00% | NEM ×5.86 |
| Gross profit | 66.32%$4.2B | 46.22%$502M | NEM +20.1pp |
| Operating income | 49.71%$3.2B | 19.94%$217M | NEM +29.8pp |
| Pre-tax income | 50.45%$3.2B | 19.81%$215M | NEM +30.6pp |
| Net income | 39.51%$2.5B | 11.22%$122M | NEM +28.3pp |