| Stage | PCTY | % of rev | PRAA | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $445M | 100.00% | $372M | 100.00% | PCTY ×1.19 |
| Gross profit | $300M | 67.54% | $302M | 81.09% | PRAA +13.5pp |
| Operating income | $84M | 18.98% | $153M | 41.19% | PRAA +22.2pp |
| Pre-tax income | $85M | 19.15% | $88M | 23.73% | PRAA +4.6pp |
| Net income | $60M | 13.56% | $59M | 15.84% | PRAA +2.3pp |
| Stage | PCTY | PRAA | Gap · A − B |
|---|---|---|---|
| Revenue | $445M100.00% | $372M100.00% | PCTY ×1.19 |
| Gross profit | 67.54%$300M | 81.09%$302M | PRAA +13.5pp |
| Operating income | 18.98%$84M | 41.19%$153M | PRAA +22.2pp |
| Pre-tax income | 19.15%$85M | 23.73%$88M | PRAA +4.6pp |
| Net income |
| 13.56%$60M |
| 15.84%$59M |
| PRAA +2.3pp |