| Stage | PBH | % of rev | GCMG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $266M | 100.00% | $134M | 100.00% | PBH ×1.98 |
| Gross profit | $136M | 51.25% | $63M | 47.02% | PBH +4.2pp |
| Operating income | $53M | 19.77% | $35M | 26.41% | GCMG +6.6pp |
| Pre-tax income | $39M | 14.50% | $36M | 26.46% | GCMG +12.0pp |
| Net income | $29M | 10.98% | $32M | 23.71% | GCMG +12.7pp |
| Stage | PBH | GCMG | Gap · A − B |
|---|---|---|---|
| Revenue | $266M100.00% | $134M100.00% | PBH ×1.98 |
| Gross profit | 51.25%$136M | 47.02%$63M | PBH +4.2pp |
| Operating income | 19.77%$53M | 26.41%$35M | GCMG +6.6pp |
| Pre-tax income | 14.50%$39M | 26.46%$36M | GCMG +12.0pp |
| Net income |
| 10.98%$29M |
| 23.71%$32M |
| GCMG +12.7pp |