| Stage | NI | % of rev | AEE | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.3B | 100.00% | $2.1B | 100.00% | AEE ×1.55 |
| Gross profit | $714M | 52.88% | $1.0B | 49.00% | NI +3.9pp |
| Operating income | $340M | 25.22% | $459M | 21.94% | NI +3.3pp |
| Pre-tax income | $152M | 11.27% | $368M | 17.59% | AEE +6.3pp |
| Net income | $139M | 10.30% | $316M | 15.11% | AEE +4.8pp |
| Stage | NI | AEE | Gap · A − B |
|---|---|---|---|
| Revenue | $1.3B100.00% | $2.1B100.00% | AEE ×1.55 |
| Gross profit | 52.88%$714M | 49.00%$1.0B | NI +3.9pp |
| Operating income | 25.22%$340M | 21.94%$459M | NI +3.3pp |
| Pre-tax income | 11.27%$152M | 17.59%$368M | AEE +6.3pp |
| Net income |
| 10.30%$139M |
| 15.11%$316M |
| AEE +4.8pp |