| Stage | TDG | % of rev | LOAR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.7B | 100.00% | $172M | 100.00% | TDG ×15.98 |
| Gross profit | $1.6B | 59.39% | $91M | 53.15% | TDG +6.2pp |
| Operating income | $1.2B | 44.76% | $42M | 24.39% | TDG +20.4pp |
| Pre-tax income | $713M | 26.01% | $22M | 12.73% | TDG +13.3pp |
| Net income | $540M | 19.70% | $17M | 9.76% | TDG +9.9pp |
| Stage | TDG | LOAR | Gap · A − B |
|---|---|---|---|
| Revenue | $2.7B100.00% | $172M100.00% | TDG ×15.98 |
| Gross profit | 59.39%$1.6B | 53.15%$91M | TDG +6.2pp |
| Operating income | 44.76%$1.2B | 24.39%$42M | TDG +20.4pp |
| Pre-tax income | 26.01%$713M | 12.73%$22M | TDG +13.3pp |
| Net income | 19.70%$540M | 9.76%$17M | TDG +9.9pp |
No disclosed counterparties: LOAR.
None