| Stage | PPL | % of rev | WEC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.1B | 100.00% | $2.3B | 100.00% | WEC ×1.09 |
| Gross profit | $837M | 39.65% | $1.6B | 71.57% | WEC +31.9pp |
| Operating income | $475M | 22.50% | $564M | 24.61% | WEC +2.1pp |
| Pre-tax income | $286M | 13.55% | $437M | 19.09% | WEC +5.5pp |
| Net income | $230M | 10.90% | $390M | 17.04% | WEC +6.1pp |
| Stage | PPL | WEC | Gap · A − B |
|---|---|---|---|
| Revenue | $2.1B100.00% | $2.3B100.00% | WEC ×1.09 |
| Gross profit | 39.65%$837M | 71.57%$1.6B | WEC +31.9pp |
| Operating income | 22.50%$475M | 24.61%$564M | WEC +2.1pp |
| Pre-tax income | 13.55%$286M | 19.09%$437M | WEC +5.5pp |
| Net income |
| 10.90%$230M |
| 17.04%$390M |
| WEC +6.1pp |
None
No disclosed counterparties: PPL.