| Stage | TER | % of rev | TRNS | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.3B | 100.00% | $97M | 100.00% | TER ×13.45 |
| Gross profit | $771M | 59.06% | $33M | 33.61% | TER +25.5pp |
| Operating income | $402M | 30.78% | $5M | 5.18% | TER +25.6pp |
| Pre-tax income | $404M | 30.96% | $3M | 3.28% | TER +27.7pp |
| Net income | $348M | 26.63% | $2M | 2.49% | TER +24.1pp |
| Stage | TER | TRNS | Gap · A − B |
|---|---|---|---|
| Revenue | $1.3B100.00% | $97M100.00% | TER ×13.45 |
| Gross profit | 59.06%$771M | 33.61%$33M | TER +25.5pp |
| Operating income | 30.78%$402M | 5.18%$5M | TER +25.6pp |
| Pre-tax income | 30.96%$404M | 3.28%$3M | TER +27.7pp |
| Net income | 26.63%$348M | 2.49%$2M | TER +24.1pp |
None
No disclosed counterparties: TER.