| Stage | WMS | % of rev | VLTO | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.0B | 100.00% | $1.5B | 100.00% | VLTO ×1.51 |
| Gross profit | $408M | 40.76% | $908M | 60.17% | VLTO +19.4pp |
| Operating income | $255M | 25.43% | $298M | 19.75% | WMS +5.7pp |
| Pre-tax income | $229M | 22.87% | $273M | 18.09% | WMS +4.8pp |
| Net income | $171M | 17.07% | $253M | 16.77% | WMS +0.3pp |
| Stage | WMS | VLTO | Gap · A − B |
|---|---|---|---|
| Revenue | $1.0B100.00% | $1.5B100.00% | VLTO ×1.51 |
| Gross profit | 40.76%$408M | 60.17%$908M | VLTO +19.4pp |
| Operating income | 25.43%$255M | 19.75%$298M | WMS +5.7pp |
| Pre-tax income | 22.87%$229M | 18.09%$273M | WMS +4.8pp |
| Net income |
| 17.07%$171M |
| 16.77%$253M |
| WMS +0.3pp |
No disclosed counterparties: VLTO.
None