| Stage | URI | % of rev | UPBD | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.9B | 100.00% | $1.1B | 100.00% | URI ×4.27 |
| Gross profit | $2.0B | 41.81% | $580M | 50.62% | UPBD +8.8pp |
| Operating income | $1.4B | 28.80% | $71M | 6.21% | URI +22.6pp |
| Pre-tax income | $1.2B | 25.16% | $47M | 4.08% | URI +21.1pp |
| Net income | $920M | 18.80% | $34M | 2.99% | URI +15.8pp |
| Stage | URI | UPBD | Gap · A − B |
|---|---|---|---|
| Revenue | $4.9B100.00% | $1.1B100.00% | URI ×4.27 |
| Gross profit | 41.81%$2.0B | 50.62%$580M | UPBD +8.8pp |
| Operating income | 28.80%$1.4B | 6.21%$71M | URI +22.6pp |
| Pre-tax income | 25.16%$1.2B | 4.08%$47M | URI +21.1pp |
| Net income |
| 18.80%$920M |
| 2.99%$34M |
| URI +15.8pp |
None
No disclosed counterparties: URI.