| Stage | VNOM | % of rev | TXRH | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $297M | 100.00% | $1.7B | 100.00% | TXRH ×5.66 |
| Gross profit | $297M | 100.00% | $307M | 18.30% | VNOM +81.7pp |
| Operating income | $135M | 45.45% | $143M | 8.50% | VNOM +37.0pp |
| Pre-tax income | $91M | 30.64% | $144M | 8.57% | VNOM +22.1pp |
| Net income | $84M | 28.28% | $125M | 7.41% | VNOM +20.9pp |
| Stage | VNOM | TXRH | Gap · A − B |
|---|---|---|---|
| Revenue | $297M100.00% | $1.7B100.00% | TXRH ×5.66 |
| Gross profit | 100.00%$297M | 18.30%$307M | VNOM +81.7pp |
| Operating income | 45.45%$135M | 8.50%$143M | VNOM +37.0pp |
| Pre-tax income | 30.64%$91M | 8.57%$144M | VNOM +22.1pp |
| Net income |
| 28.28%$84M |
| 7.41%$125M |
| VNOM +20.9pp |