| Stage | VMC | % of rev | IPI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.2B | 100.00% | $67M | 100.00% | VMC ×32.76 |
| Gross profit | $666M | 30.47% | $17M | 24.97% | VMC +5.5pp |
| Operating income | $525M | 24.01% | $1M | 1.59% | VMC +22.4pp |
| Pre-tax income | $471M | 21.57% | $2M | 3.68% | VMC +17.9pp |
| Net income | $363M | 16.61% | $16M | 23.36% | IPI +6.7pp |
| Stage | VMC | IPI | Gap · A − B |
|---|---|---|---|
| Revenue | $2.2B100.00% | $67M100.00% | VMC ×32.76 |
| Gross profit | 30.47%$666M | 24.97%$17M | VMC +5.5pp |
| Operating income | 24.01%$525M | 1.59%$1M | VMC +22.4pp |
| Pre-tax income | 21.57%$471M | 3.68%$2M | VMC +17.9pp |
| Net income |
| 16.61%$363M |
| 23.36%$16M |
| IPI +6.7pp |
No shared counterparties.