| ← Cover Page | ||||||||
| 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. | ||||||||