| Stage | PTC | % of rev | RVTY | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $600M | 100.00% | $730M | 100.00% | RVTY ×1.22 |
| Gross profit | $490M | 81.74% | $417M | 57.13% | PTC +24.6pp |
| Operating income | $167M | 27.75% | $89M | 12.24% | PTC +15.5pp |
| Pre-tax income | $152M | 25.40% | $64M | 8.71% | PTC +16.7pp |
| Net income | $119M | 19.80% | $52M | 7.10% | PTC +12.7pp |
| Stage | PTC | RVTY | Gap · A − B |
|---|---|---|---|
| Revenue | $600M100.00% | $730M100.00% | RVTY ×1.22 |
| Gross profit | 81.74%$490M | 57.13%$417M | PTC +24.6pp |
| Operating income | 27.75%$167M | 12.24%$89M | PTC +15.5pp |
| Pre-tax income | 25.40%$152M | 8.71%$64M | PTC +16.7pp |
| Net income |
| 19.80%$119M |
| 7.10%$52M |
| PTC +12.7pp |