| Stage | VNT | % of rev | WTM | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $757M | 100.00% | $850M | 100.00% | WTM ×1.12 |
| Gross profit | $365M | 48.24% | $594M | 69.90% | WTM +21.7pp |
| Operating income | $147M | 19.39% | $281M | 33.01% | WTM +13.6pp |
| Pre-tax income | $44M | 5.79% | $256M | 30.13% | WTM +24.3pp |
| Net income | $27M | 3.62% | $231M | 27.21% | WTM +23.6pp |
| Stage | VNT | WTM | Gap · A − B |
|---|---|---|---|
| Revenue | $757M100.00% | $850M100.00% | WTM ×1.12 |
| Gross profit | 48.24%$365M | 69.90%$594M | WTM +21.7pp |
| Operating income | 19.39%$147M | 33.01%$281M | WTM +13.6pp |
| Pre-tax income | 5.79%$44M | 30.13%$256M | WTM +24.3pp |
| Net income |
| 3.62%$27M |
| 27.21%$231M |
| WTM +23.6pp |