| Stage | WLK | % of rev | IFF | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $3.3B | 100.00% | $2.0B | 100.00% | WLK ×1.67 |
| Gross profit | $652M | 19.93% | $853M | 43.65% | IFF +23.7pp |
| Operating income | $364M | 11.13% | $158M | 8.09% | WLK +3.0pp |
| Pre-tax income | $338M | 10.33% | $64M | 3.28% | WLK +7.1pp |
| Net income | $271M | 8.28% | $51M | 2.61% | WLK +5.7pp |
| Stage | WLK | IFF | Gap · A − B |
|---|---|---|---|
| Revenue | $3.3B100.00% | $2.0B100.00% | WLK ×1.67 |
| Gross profit | 19.93%$652M | 43.65%$853M | IFF +23.7pp |
| Operating income | 11.13%$364M | 8.09%$158M | WLK +3.0pp |
| Pre-tax income | 10.33%$338M | 3.28%$64M | WLK +7.1pp |
| Net income |
| 8.28%$271M |
| 2.61%$51M |
| WLK +5.7pp |
None
No disclosed counterparties: WLK.