| Stage | SMG | % of rev | SNDR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.2B | 100.00% | $1.6B | 100.00% | SNDR ×1.35 |
| Gross profit | $366M | 31.22% | $434M | 27.37% | SMG +3.8pp |
| Operating income | $170M | 14.47% | $62M | 3.92% | SMG +10.6pp |
| Pre-tax income | $155M | 13.24% | $66M | 4.14% | SMG +9.1pp |
| Net income | $112M | 9.57% | $50M | 3.12% | SMG +6.5pp |
| Stage | SMG | SNDR | Gap · A − B |
|---|---|---|---|
| Revenue | $1.2B100.00% | $1.6B100.00% | SNDR ×1.35 |
| Gross profit | 31.22%$366M | 27.37%$434M | SMG +3.8pp |
| Operating income | 14.47%$170M | 3.92%$62M | SMG +10.6pp |
| Pre-tax income | 13.24%$155M | 4.14%$66M | SMG +9.1pp |
| Net income |
| 9.57%$112M |
| 3.12%$50M |
| SMG +6.5pp |
No shared counterparties.