| Stage | TDG | % of rev | ARXS | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.7B | 100.00% | $564M | 100.00% | TDG ×4.86 |
| Gross profit | $1.6B | 59.39% | $306M | 54.27% | TDG +5.1pp |
| Operating income | $1.2B | 44.76% | $133M | 23.66% | TDG +21.1pp |
| Pre-tax income | $713M | 26.01% | $120M | 21.23% | TDG +4.8pp |
| Net income | $540M | 19.70% | $84M | 14.84% | TDG +4.9pp |
| Stage | TDG | ARXS | Gap · A − B |
|---|---|---|---|
| Revenue | $2.7B100.00% | $564M100.00% | TDG ×4.86 |
| Gross profit | 59.39%$1.6B | 54.27%$306M | TDG +5.1pp |
| Operating income | 44.76%$1.2B | 23.66%$133M | TDG +21.1pp |
| Pre-tax income | 26.01%$713M | 21.23%$120M | TDG +4.8pp |
| Net income |
| 19.70%$540M |
| 14.84%$84M |
| TDG +4.9pp |
No disclosed counterparties: ARXS.
None