| Stage | WLK | % of rev | PII | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $3.3B | 100.00% | $2.0B | 100.00% | WLK ×1.60 |
| Gross profit | $652M | 19.93% | $432M | 21.17% | PII +1.2pp |
| Operating income | $364M | 11.13% | $73M | 3.59% | WLK +7.5pp |
| Pre-tax income | $338M | 10.33% | $56M | 2.75% | WLK +7.6pp |
| Net income | $271M | 8.28% | $39M | 1.89% | WLK +6.4pp |
| Stage | WLK | PII | Gap · A − B |
|---|---|---|---|
| Revenue | $3.3B100.00% | $2.0B100.00% | WLK ×1.60 |
| Gross profit | 19.93%$652M | 21.17%$432M | PII +1.2pp |
| Operating income | 11.13%$364M | 3.59%$73M | WLK +7.5pp |
| Pre-tax income | 10.33%$338M | 2.75%$56M | WLK +7.6pp |
| Net income |
| 8.28%$271M |
| 1.89%$39M |
| WLK +6.4pp |
None
No disclosed counterparties: WLK.