| Stage | XYZ | % of rev | MSFT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $6.6B | 100.00% | $92.3B | 100.00% | MSFT ×13.94 |
| Gross profit | $3.2B | 47.84% | $62.6B | 67.79% | MSFT +20.0pp |
| Operating income | $447M | 6.75% | $45.9B | 49.76% | MSFT +43.0pp |
| Pre-tax income | $301M | 4.56% | $46.0B | 49.80% | MSFT +45.2pp |
| Net income | $87M | 1.32% | $36.6B | 39.69% | MSFT +38.4pp |
| Stage | XYZ | MSFT | Gap · A − B |
|---|---|---|---|
| Revenue | $6.6B100.00% | $92.3B100.00% | MSFT ×13.94 |
| Gross profit | 47.84%$3.2B | 67.79%$62.6B | MSFT +20.0pp |
| Operating income | 6.75%$447M | 49.76%$45.9B | MSFT +43.0pp |
| Pre-tax income | 4.56%$301M | 49.80%$46.0B | MSFT +45.2pp |
| Net income |
| 1.32%$87M |
| 39.69%$36.6B |
| MSFT +38.4pp |
None
No disclosed counterparties: XYZ.