| Stage | VAC | % of rev | REYN | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.3B | 100.00% | $944M | 100.00% | VAC ×1.40 |
| Gross profit | $1.0B | 76.97% | $245M | 25.95% | VAC +51.0pp |
| Operating income | $161M | 12.20% | $138M | 14.62% | REYN +2.4pp |
| Pre-tax income | $114M | 8.64% | $116M | 12.29% | REYN +3.7pp |
| Net income | $77M | 5.83% | $89M | 9.43% | REYN +3.6pp |
| Stage | VAC | REYN | Gap · A − B |
|---|---|---|---|
| Revenue | $1.3B100.00% | $944M100.00% | VAC ×1.40 |
| Gross profit | 76.97%$1.0B | 25.95%$245M | VAC +51.0pp |
| Operating income | 12.20%$161M | 14.62%$138M | REYN +2.4pp |
| Pre-tax income | 8.64%$114M | 12.29%$116M | REYN +3.7pp |
| Net income |
| 5.83%$77M |
| 9.43%$89M |
| REYN +3.6pp |
No shared counterparties.