| Stage | ZTS | % of rev | A | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.5B | 100.00% | $1.9B | 100.00% | ZTS ×1.31 |
| Gross profit | $1.8B | 72.73% | $1.0B | 55.48% | ZTS +17.2pp |
| Operating income | $922M | 37.36% | $444M | 23.64% | ZTS +13.7pp |
| Pre-tax income | $866M | 35.09% | $444M | 23.64% | ZTS +11.4pp |
| Net income | $691M | 28.00% | $362M | 19.28% | ZTS +8.7pp |
| Stage | ZTS | A | Gap · A − B |
|---|---|---|---|
| Revenue | $2.5B100.00% | $1.9B100.00% | ZTS ×1.31 |
| Gross profit | 72.73%$1.8B | 55.48%$1.0B | ZTS +17.2pp |
| Operating income | 37.36%$922M | 23.64%$444M | ZTS +13.7pp |
| Pre-tax income | 35.09%$866M | 23.64%$444M | ZTS +11.4pp |
| Net income |
| 28.00%$691M |
| 19.28%$362M |
| ZTS +8.7pp |
No shared counterparties.