| Stage | ROCK | % of rev | WOR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $510M | 100.00% | $344M | 100.00% | ROCK ×1.48 |
| Gross profit | $132M | 25.92% | $91M | 26.43% | WOR +0.5pp |
| Operating income | $60M | 11.74% | $13M | 3.79% | ROCK +8.0pp |
| Pre-tax income | $38M | 7.45% | $56M | 16.17% | WOR +8.7pp |
| Net income | $8M | 1.61% | $43M | 12.38% | WOR +10.8pp |
| Stage | ROCK | WOR | Gap · A − B |
|---|---|---|---|
| Revenue | $510M100.00% | $344M100.00% | ROCK ×1.48 |
| Gross profit | 25.92%$132M | 26.43%$91M | WOR +0.5pp |
| Operating income | 11.74%$60M | 3.79%$13M | ROCK +8.0pp |
| Pre-tax income | 7.45%$38M | 16.17%$56M | WOR +8.7pp |
| Net income |
| 1.61%$8M |
| 12.38%$43M |
| WOR +10.8pp |
No disclosed counterparties: ROCK, WOR.