| Stage | WTM | % of rev | MMS | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $850M | 100.00% | $1.3B | 100.00% | MMS ×1.51 |
| Gross profit | $594M | 69.90% | $349M | 27.27% | WTM +42.6pp |
| Operating income | $281M | 33.01% | $161M | 12.62% | WTM +20.4pp |
| Pre-tax income | $256M | 30.13% | $138M | 10.80% | WTM +19.3pp |
| Net income | $231M | 27.21% | $104M | 8.10% | WTM +19.1pp |
| Stage | WTM | MMS | Gap · A − B |
|---|---|---|---|
| Revenue | $850M100.00% | $1.3B100.00% | MMS ×1.51 |
| Gross profit | 69.90%$594M | 27.27%$349M | WTM +42.6pp |
| Operating income | 33.01%$281M | 12.62%$161M | WTM +20.4pp |
| Pre-tax income | 30.13%$256M | 10.80%$138M | WTM +19.3pp |
| Net income |
| 27.21%$231M |
| 8.10%$104M |
| WTM +19.1pp |
No shared counterparties.