| Stage | RNG | % of rev | TNL | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $676M | 100.00% | $1.1B | 100.00% | TNL ×1.63 |
| Gross profit | $494M | 73.12% | $1.1B | 98.00% | TNL +24.9pp |
| Operating income | $54M | 7.97% | $195M | 17.71% | TNL +9.7pp |
| Pre-tax income | $28M | 4.14% | $146M | 13.26% | TNL +9.1pp |
| Net income | $570M | 84.27% | $108M | 9.81% | RNG +74.5pp |
| Stage | RNG | TNL | Gap · A − B |
|---|---|---|---|
| Revenue | $676M100.00% | $1.1B100.00% | TNL ×1.63 |
| Gross profit | 73.12%$494M | 98.00%$1.1B | TNL +24.9pp |
| Operating income | 7.97%$54M | 17.71%$195M | TNL +9.7pp |
| Pre-tax income | 4.14%$28M | 13.26%$146M | TNL +9.1pp |
| Net income |
| 84.27%$570M |
| 9.81%$108M |
| RNG +74.5pp |
No shared counterparties.