| Stage | PII | % of rev | WLK | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.0B | 100.00% | $3.3B | 100.00% | WLK ×1.60 |
| Gross profit | $432M | 21.17% | $652M | 19.93% | PII +1.2pp |
| Operating income | $73M | 3.59% | $364M | 11.13% | WLK +7.5pp |
| Pre-tax income | $56M | 2.75% | $338M | 10.33% | WLK +7.6pp |
| Net income | $39M | 1.89% | $271M | 8.28% | WLK +6.4pp |
| Stage | PII | WLK | Gap · A − B |
|---|---|---|---|
| Revenue | $2.0B100.00% | $3.3B100.00% | WLK ×1.60 |
| Gross profit | 21.17%$432M | 19.93%$652M | PII +1.2pp |
| Operating income | 3.59%$73M | 11.13%$364M | WLK +7.5pp |
| Pre-tax income | 2.75%$56M | 10.33%$338M | WLK +7.6pp |
| Net income |
| 1.89%$39M |
| 8.28%$271M |
| WLK +6.4pp |
No disclosed counterparties: WLK.
None