| Stage | PTLO | % of rev | MCD | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $199M | 100.00% | $7.1B | 100.00% | MCD ×35.68 |
| Gross profit | $129M | 65.03% | $4.3B | 60.30% | PTLO +4.7pp |
| Operating income | $14M | 6.92% | $3.3B | 47.02% | MCD +40.1pp |
| Pre-tax income | $9M | 4.49% | $2.9B | 41.36% | MCD +36.9pp |
| Net income | $7M | 3.60% | $2.4B | 33.27% | MCD +29.7pp |
| Stage | PTLO | MCD | Gap · A − B |
|---|---|---|---|
| Revenue | $199M100.00% | $7.1B100.00% | MCD ×35.68 |
| Gross profit | 65.03%$129M | 60.30%$4.3B | PTLO +4.7pp |
| Operating income | 6.92%$14M | 47.02%$3.3B | MCD +40.1pp |
| Pre-tax income | 4.49%$9M | 41.36%$2.9B | MCD +36.9pp |
| Net income |
| 3.60%$7M |
| 33.27%$2.4B |
| MCD +29.7pp |