| Stage | XEL | % of rev | PNW | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.2B | 100.00% | $1.5B | 100.00% | XEL ×2.87 |
| Gross profit | $2.3B | 54.79% | $614M | 42.17% | XEL +12.6pp |
| Operating income | $1.2B | 28.55% | $306M | 21.00% | XEL +7.5pp |
| Pre-tax income | $1.0B | 24.66% | $212M | 14.57% | XEL +10.1pp |
| Net income | $960M | 23.01% | $181M | 12.42% | XEL +10.6pp |
| Stage | XEL | PNW | Gap · A − B |
|---|---|---|---|
| Revenue | $4.2B100.00% | $1.5B100.00% | XEL ×2.87 |
| Gross profit | 54.79%$2.3B | 42.17%$614M | XEL +12.6pp |
| Operating income | 28.55%$1.2B | 21.00%$306M | XEL +7.5pp |
| Pre-tax income | 24.66%$1.0B | 14.57%$212M | XEL +10.1pp |
| Net income |
| 23.01%$960M |
| 12.42%$181M |
| XEL +10.6pp |