| Stage | SW | % of rev | PKG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $8.0B | 100.00% | $2.5B | 100.00% | SW ×3.23 |
| Gross profit | $1.4B | 17.42% | $513M | 20.58% | PKG +3.2pp |
| Operating income | $309M | 3.85% | $291M | 11.70% | PKG +7.8pp |
| Pre-tax income | $128M | 1.59% | $259M | 10.40% | PKG +8.8pp |
| Net income | $88M | 1.10% | $192M | 7.72% | PKG +6.6pp |
| Stage | SW | PKG | Gap · A − B |
|---|---|---|---|
| Revenue | $8.0B100.00% | $2.5B100.00% | SW ×3.23 |
| Gross profit | 17.42%$1.4B | 20.58%$513M | PKG +3.2pp |
| Operating income | 3.85%$309M | 11.70%$291M | PKG +7.8pp |
| Pre-tax income | 1.59%$128M | 10.40%$259M | PKG +8.8pp |
| Net income |
| 1.10%$88M |
| 7.72%$192M |
| PKG +6.6pp |
None
No disclosed counterparties: SW.