| Stage | PPG | % of rev | ECG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.4B | 100.00% | $1.4B | 100.00% | PPG ×3.14 |
| Gross profit | $1.8B | 40.52% | $205M | 14.81% | PPG +25.7pp |
| Operating income | $653M | 15.00% | $122M | 8.84% | PPG +6.2pp |
| Pre-tax income | $631M | 14.50% | $119M | 8.57% | PPG +5.9pp |
| Net income | $456M | 10.48% | $92M | 6.64% | PPG +3.8pp |
| Stage | PPG | ECG | Gap · A − B |
|---|---|---|---|
| Revenue | $4.4B100.00% | $1.4B100.00% | PPG ×3.14 |
| Gross profit | 40.52%$1.8B | 14.81%$205M | PPG +25.7pp |
| Operating income | 15.00%$653M | 8.84%$122M | PPG +6.2pp |
| Pre-tax income | 14.50%$631M | 8.57%$119M | PPG +5.9pp |
| Net income |
| 10.48%$456M |
| 6.64%$92M |
| PPG +3.8pp |