| Stage | WKC | % of rev | APC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $13.3B | 100.00% | $1.8B | 100.00% | WKC ×7.22 |
| Gross profit | $288M | 2.17% | $784M | 42.63% | APC +40.5pp |
| Operating income | $80M | 0.60% | $24M | 1.28% | APC +0.7pp |
| Pre-tax income | $56M | 0.42% | $16M | 0.89% | APC +0.5pp |
| Net income | $38M | 0.29% | $12M | 0.67% | APC +0.4pp |
| Stage | WKC | APC | Gap · A − B |
|---|---|---|---|
| Revenue | $13.3B100.00% | $1.8B100.00% | WKC ×7.22 |
| Gross profit | 2.17%$288M | 42.63%$784M | APC +40.5pp |
| Operating income | 0.60%$80M | 1.28%$24M | APC +0.7pp |
| Pre-tax income | 0.42%$56M | 0.89%$16M | APC +0.5pp |
| Net income |
| 0.29%$38M |
| 0.67%$12M |
| APC +0.4pp |
None
No disclosed counterparties: WKC.