| Stage | PPG | % of rev | OMC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.4B | 100.00% | $6.4B | 100.00% | OMC ×1.48 |
| Gross profit | $1.8B | 40.52% | $1.4B | 21.16% | PPG +19.4pp |
| Operating income | $653M | 15.00% | $992M | 15.44% | OMC +0.4pp |
| Pre-tax income | $631M | 14.50% | $888M | 13.82% | PPG +0.7pp |
| Net income | $456M | 10.48% | $675M | 10.50% | 0.0pp |
| Stage | PPG | OMC | Gap · A − B |
|---|---|---|---|
| Revenue | $4.4B100.00% | $6.4B100.00% | OMC ×1.48 |
| Gross profit | 40.52%$1.8B | 21.16%$1.4B | PPG +19.4pp |
| Operating income | 15.00%$653M | 15.44%$992M | OMC +0.4pp |
| Pre-tax income | 14.50%$631M | 13.82%$888M | PPG +0.7pp |
| Net income |
| 10.48%$456M |
| 10.50%$675M |
| 0.0pp |