| Stage | PLOW | % of rev | VREX | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $215M | 100.00% | $211M | 100.00% | PLOW ×1.02 |
| Gross profit | $67M | 31.12% | $77M | 36.44% | VREX +5.3pp |
| Operating income | $35M | 16.51% | $23M | 10.83% | PLOW +5.7pp |
| Pre-tax income | $34M | 15.71% | $16M | 7.70% | PLOW +8.0pp |
| Net income | $25M | 11.82% | $16M | 7.55% | PLOW +4.3pp |
| Stage | PLOW | VREX | Gap · A − B |
|---|---|---|---|
| Revenue | $215M100.00% | $211M100.00% | PLOW ×1.02 |
| Gross profit | 31.12%$67M | 36.44%$77M | VREX +5.3pp |
| Operating income | 16.51%$35M | 10.83%$23M | PLOW +5.7pp |
| Pre-tax income | 15.71%$34M | 7.70%$16M | PLOW +8.0pp |
| Net income |
| 11.82%$25M |
| 7.55%$16M |
| PLOW +4.3pp |
None
No disclosed counterparties: PLOW.