| Stage | VMC | % of rev | USLM | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.2B | 100.00% | $106M | 100.00% | VMC ×20.57 |
| Gross profit | $666M | 30.47% | $51M | 47.81% | USLM +17.3pp |
| Operating income | $525M | 24.01% | $45M | 42.10% | USLM +18.1pp |
| Pre-tax income | $471M | 21.57% | $49M | 45.68% | USLM +24.1pp |
| Net income | $363M | 16.61% | $38M | 35.83% | USLM +19.2pp |
| Stage | VMC | USLM | Gap · A − B |
|---|---|---|---|
| Revenue | $2.2B100.00% | $106M100.00% | VMC ×20.57 |
| Gross profit | 30.47%$666M | 47.81%$51M | USLM +17.3pp |
| Operating income | 24.01%$525M | 42.10%$45M | USLM +18.1pp |
| Pre-tax income | 21.57%$471M | 45.68%$49M | USLM +24.1pp |
| Net income | 16.61%$363M | 35.83%$38M | USLM +19.2pp |