| Stage | PAGP | % of rev | PCG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $17.7B | 100.00% | $6.2B | 100.00% | PAGP ×2.86 |
| Gross profit | $1.1B | 6.43% | $2.6B | 42.53% | PCG +36.1pp |
| Operating income | $397M | 2.24% | $1.2B | 20.18% | PCG +17.9pp |
| Pre-tax income | $375M | 2.12% | $681M | 11.01% | PCG +8.9pp |
| Net income | $1.8B | 10.26% | $776M | 12.54% | PCG +2.3pp |
| Stage | PAGP | PCG | Gap · A − B |
|---|---|---|---|
| Revenue | $17.7B100.00% | $6.2B100.00% | PAGP ×2.86 |
| Gross profit | 6.43%$1.1B | 42.53%$2.6B | PCG +36.1pp |
| Operating income | 2.24%$397M | 20.18%$1.2B | PCG +17.9pp |
| Pre-tax income | 2.12%$375M | 11.01%$681M | PCG +8.9pp |
| Net income |
| 10.26%$1.8B |
| 12.54%$776M |
| PCG +2.3pp |