| Stage | WMB | % of rev | SMC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $3.2B | 100.00% | $155M | 100.00% | WMB ×20.79 |
| Gross profit | $2.6B | 80.39% | $66M | 42.65% | WMB +37.7pp |
| Operating income | $1.1B | 35.25% | $25M | 16.11% | WMB +19.1pp |
| Pre-tax income | $988M | 30.65% | $6M | 3.63% | WMB +27.0pp |
| Net income | $767M | 23.80% | $5M | 2.94% | WMB +20.9pp |
| Stage | WMB | SMC | Gap · A − B |
|---|---|---|---|
| Revenue | $3.2B100.00% | $155M100.00% | WMB ×20.79 |
| Gross profit | 80.39%$2.6B | 42.65%$66M | WMB +37.7pp |
| Operating income | 35.25%$1.1B | 16.11%$25M | WMB +19.1pp |
| Pre-tax income | 30.65%$988M | 3.63%$6M | WMB +27.0pp |
| Net income |
| 23.80%$767M |
| 2.94%$5M |
| WMB +20.9pp |
No shared counterparties.