| Stage | TXRH | % of rev | VNOM | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.7B | 100.00% | $297M | 100.00% | TXRH ×5.66 |
| Gross profit | $307M | 18.30% | $297M | 100.00% | VNOM +81.7pp |
| Operating income | $143M | 8.50% | $135M | 45.45% | VNOM +37.0pp |
| Pre-tax income | $144M | 8.57% | $91M | 30.64% | VNOM +22.1pp |
| Net income | $125M | 7.41% | $84M | 28.28% | VNOM +20.9pp |
| Stage | TXRH | VNOM | Gap · A − B |
|---|---|---|---|
| Revenue | $1.7B100.00% | $297M100.00% | TXRH ×5.66 |
| Gross profit | 18.30%$307M | 100.00%$297M | VNOM +81.7pp |
| Operating income | 8.50%$143M | 45.45%$135M | VNOM +37.0pp |
| Pre-tax income | 8.57%$144M | 30.64%$91M | VNOM +22.1pp |
| Net income |
| 7.41%$125M |
| 28.28%$84M |
| VNOM +20.9pp |