No disclosed counterparties: PAYX, FORR.
| Stage | PAYX | % of rev | FORR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.6B | 100.00% | $100M | 100.00% | PAYX ×16.27 |
| Gross profit | $1.2B | 73.62% | $57M | 56.38% | PAYX +17.2pp |
| Operating income | $619M | 37.98% | $3M | 3.39% | PAYX +34.6pp |
| Pre-tax income | $565M | 34.65% | $3M | 2.91% | PAYX +31.7pp |
| Net income | $430M | 26.35% | $15M | 15.22% | PAYX +11.1pp |
| Stage | PAYX | FORR | Gap · A − B |
|---|---|---|---|
| Revenue | $1.6B100.00% | $100M100.00% | PAYX ×16.27 |
| Gross profit | 73.62%$1.2B | 56.38%$57M | PAYX +17.2pp |
| Operating income | 37.98%$619M | 3.39%$3M | PAYX +34.6pp |
| Pre-tax income | 34.65%$565M | 2.91%$3M | PAYX +31.7pp |
| Net income |
| 26.35%$430M |
| 15.22%$15M |
| PAYX +11.1pp |