| Stage | ZTS | % of rev | HUBG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.4B | 100.00% | $934M | 100.00% | ZTS ×2.56 |
| Gross profit | $1.7B | 70.81% | $791M | 84.69% | HUBG +13.9pp |
| Operating income | $863M | 36.09% | $39M | 4.22% | ZTS +31.9pp |
| Pre-tax income | $729M | 30.49% | $39M | 4.12% | ZTS +26.4pp |
| Net income | $591M | 24.72% | $29M | 3.10% | ZTS +21.6pp |
| Stage | ZTS | HUBG | Gap · A − B |
|---|---|---|---|
| Revenue | $2.4B100.00% | $934M100.00% | ZTS ×2.56 |
| Gross profit | 70.81%$1.7B | 84.69%$791M | HUBG +13.9pp |
| Operating income | 36.09%$863M | 4.22%$39M | ZTS +31.9pp |
| Pre-tax income | 30.49%$729M | 4.12%$39M | ZTS +26.4pp |
| Net income | 24.72%$591M | 3.10%$29M | ZTS +21.6pp |
No shared counterparties.