| Stage | PPC | % of rev | PPG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.7B | 100.00% | $4.4B | 100.00% | PPC ×1.07 |
| Gross profit | $334M | 7.17% | $1.8B | 40.52% | PPG +33.4pp |
| Operating income | $192M | 4.12% | $653M | 15.00% | PPG +10.9pp |
| Pre-tax income | $160M | 3.44% | $631M | 14.50% | PPG +11.1pp |
| Net income | $116M | 2.50% | $456M | 10.48% | PPG +8.0pp |
| Stage | PPC | PPG | Gap · A − B |
|---|---|---|---|
| Revenue | $4.7B100.00% | $4.4B100.00% | PPC ×1.07 |
| Gross profit | 7.17%$334M | 40.52%$1.8B | PPG +33.4pp |
| Operating income | 4.12%$192M | 15.00%$653M | PPG +10.9pp |
| Pre-tax income | 3.44%$160M | 14.50%$631M | PPG +11.1pp |
| Net income |
| 2.50%$116M |
| 10.48%$456M |
| PPG +8.0pp |