| Stage | TEX | % of rev | CHEF | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.2B | 100.00% | $1.1B | 100.00% | TEX ×1.94 |
| Gross profit | $435M | 19.80% | $284M | 25.04% | CHEF +5.2pp |
| Operating income | $183M | 8.33% | $51M | 4.53% | TEX +3.8pp |
| Pre-tax income | $135M | 6.14% | $42M | 3.74% | TEX +2.4pp |
| Net income | $114M | 5.19% | $30M | 2.61% | TEX +2.6pp |
| Stage | TEX | CHEF | Gap · A − B |
|---|---|---|---|
| Revenue | $2.2B100.00% | $1.1B100.00% | TEX ×1.94 |
| Gross profit | 19.80%$435M | 25.04%$284M | CHEF +5.2pp |
| Operating income | 8.33%$183M | 4.53%$51M | TEX +3.8pp |
| Pre-tax income | 6.14%$135M | 3.74%$42M | TEX +2.4pp |
| Net income |
| 5.19%$114M |
| 2.61%$30M |
| TEX +2.6pp |