| Stage | TER | % of rev | ALNT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.3B | 100.00% | $164M | 100.00% | TER ×7.94 |
| Gross profit | $771M | 59.06% | $60M | 36.61% | TER +22.4pp |
| Operating income | $402M | 30.78% | $22M | 13.56% | TER +17.2pp |
| Pre-tax income | $404M | 30.96% | $20M | 11.98% | TER +19.0pp |
| Net income | $348M | 26.63% | $15M | 9.32% | TER +17.3pp |
| Stage | TER | ALNT | Gap · A − B |
|---|---|---|---|
| Revenue | $1.3B100.00% | $164M100.00% | TER ×7.94 |
| Gross profit | 59.06%$771M | 36.61%$60M | TER +22.4pp |
| Operating income | 30.78%$402M | 13.56%$22M | TER +17.2pp |
| Pre-tax income | 30.96%$404M | 11.98%$20M | TER +19.0pp |
| Net income |
| 26.63%$348M |
| 9.32%$15M |
| TER +17.3pp |
No disclosed counterparties: TER, ALNT.