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18. CONTRIBUTION ANALYSIS
($ in millions, FY2025A / FY2026E)
         
  Acquirer Target Combined Contribution %
LTM / FY2025A CONTRIBUTION        
Revenue $12,500 $5,200 $17,700 70.6%
Gross Profit $5,250 $2,184 $7,434 70.6%
EBITDA $2,750 $1,092 $3,842 71.6%
EBIT $2,200 $832 $3,032 72.6%
Net Income $1,463 $528 $1,991 73.5%
Total Assets $12,735 $5,370 $18,105 70.3%
         
FY2026E PROJECTED CONTRIBUTION        
Revenue $13,313 $5,616 $18,929 70.3%
EBITDA $2,929 $1,179 $4,108 71.3%
EBIT $2,370 $910 $3,279 72.3%
Net Income $1,676 $628 $2,304 72.7%
OWNERSHIP vs. CONTRIBUTION        
  Acquirer Target
Pro Forma Ownership 88.9% 11.1%
Revenue Contribution 70.3% 29.7%
EBITDA Contribution 71.3% 28.7%
Net Income Contribution 72.7% 27.3%
     
Ownership Premium / (Discount)    
  vs. Revenue +18.6% -18.6%
  vs. EBITDA +17.7% -17.7%
  vs. Net Income +16.2% -16.2%
Note: Contribution analysis compares each entity's share of key metrics to pro forma ownership. Positive = acquirer gets more than proportional share. Green = favorable, Red = unfavorable.