| Stage | UNP | % of rev | DAL | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $7.2B | 100.00% | $20.2B | 100.00% | DAL ×2.80 |
| Gross profit | $5.2B | 72.32% | $5.6B | 27.86% | UNP +44.5pp |
| Operating income | $2.9B | 40.89% | $1.5B | 7.20% | UNP +33.7pp |
| Pre-tax income | $2.7B | 37.88% | $1.1B | 5.32% | UNP +32.6pp |
| Net income | $2.1B | 28.85% | $756M | 3.75% | UNP +25.1pp |
| Stage | UNP | DAL | Gap · A − B |
|---|---|---|---|
| Revenue | $7.2B100.00% | $20.2B100.00% | DAL ×2.80 |
| Gross profit | 72.32%$5.2B | 27.86%$5.6B | UNP +44.5pp |
| Operating income | 40.89%$2.9B | 7.20%$1.5B | UNP +33.7pp |
| Pre-tax income | 37.88%$2.7B | 5.32%$1.1B | UNP +32.6pp |
| Net income | 28.85%$2.1B | 3.75%$756M | UNP +25.1pp |
No shared counterparties.