| Stage | WTM | % of rev | VNT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $850M | 100.00% | $757M | 100.00% | WTM ×1.12 |
| Gross profit | $594M | 69.90% | $365M | 48.24% | WTM +21.7pp |
| Operating income | $281M | 33.01% | $147M | 19.39% | WTM +13.6pp |
| Pre-tax income | $256M | 30.13% | $44M | 5.79% | WTM +24.3pp |
| Net income | $231M | 27.21% | $27M | 3.62% | WTM +23.6pp |
| Stage | WTM | VNT | Gap · A − B |
|---|---|---|---|
| Revenue | $850M100.00% | $757M100.00% | WTM ×1.12 |
| Gross profit | 69.90%$594M | 48.24%$365M | WTM +21.7pp |
| Operating income | 33.01%$281M | 19.39%$147M | WTM +13.6pp |
| Pre-tax income | 30.13%$256M | 5.79%$44M | WTM +24.3pp |
| Net income |
| 27.21%$231M |
| 3.62%$27M |
| WTM +23.6pp |
No shared counterparties.