| Stage | PPG | % of rev | SHW | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.4B | 100.00% | $6.9B | 100.00% | SHW ×1.58 |
| Gross profit | $1.8B | 40.52% | $3.3B | 47.77% | SHW +7.2pp |
| Operating income | $653M | 15.00% | $1.2B | 17.53% | SHW +2.5pp |
| Pre-tax income | $631M | 14.50% | $1.1B | 15.50% | SHW +1.0pp |
| Net income | $456M | 10.48% | $821M | 11.97% | SHW +1.5pp |
| Stage | PPG | SHW | Gap · A − B |
|---|---|---|---|
| Revenue | $4.4B100.00% | $6.9B100.00% | SHW ×1.58 |
| Gross profit | 40.52%$1.8B | 47.77%$3.3B | SHW +7.2pp |
| Operating income | 15.00%$653M | 17.53%$1.2B | SHW +2.5pp |
| Pre-tax income | 14.50%$631M | 15.50%$1.1B | SHW +1.0pp |
| Net income |
| 10.48%$456M |
| 11.97%$821M |
| SHW +1.5pp |