| Stage | TOL | % of rev | TXRH | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.7B | 100.00% | $1.7B | 100.00% | TOL ×1.58 |
| Gross profit | $625M | 23.52% | $307M | 18.30% | TOL +5.2pp |
| Operating income | $359M | 13.51% | $143M | 8.50% | TOL +5.0pp |
| Pre-tax income | $375M | 14.10% | $144M | 8.57% | TOL +5.5pp |
| Net income | $280M | 10.54% | $125M | 7.41% | TOL +3.1pp |
| Stage | TOL | TXRH | Gap · A − B |
|---|---|---|---|
| Revenue | $2.7B100.00% | $1.7B100.00% | TOL ×1.58 |
| Gross profit | 23.52%$625M | 18.30%$307M | TOL +5.2pp |
| Operating income | 13.51%$359M | 8.50%$143M | TOL +5.0pp |
| Pre-tax income | 14.10%$375M | 8.57%$144M | TOL +5.5pp |
| Net income |
| 10.54%$280M |
| 7.41%$125M |
| TOL +3.1pp |