| Stage | RBA | % of rev | V | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.3B | 100.00% | $11.6B | 100.00% | V ×8.83 |
| Gross profit | $575M | 43.63% | $9.2B | 78.87% | V +35.2pp |
| Operating income | $225M | 17.07% | $6.9B | 59.12% | V +42.0pp |
| Pre-tax income | $186M | 14.12% | $6.8B | 58.74% | V +44.6pp |
| Net income | $144M | 10.90% | $5.6B | 48.38% | V +37.5pp |
| Stage | RBA | V | Gap · A − B |
|---|---|---|---|
| Revenue | $1.3B100.00% | $11.6B100.00% | V ×8.83 |
| Gross profit | 43.63%$575M | 78.87%$9.2B | V +35.2pp |
| Operating income | 17.07%$225M | 59.12%$6.9B | V +42.0pp |
| Pre-tax income | 14.12%$186M | 58.74%$6.8B | V +44.6pp |
| Net income | 10.90%$144M | 48.38%$5.6B | V +37.5pp |
None
No disclosed counterparties: RBA.