Fortis Minerals, LLC [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17
Revenues	142.6	68.0
Revenue growth	109.6%
Cost of goods sold	44.8	24.8
Gross profit	97.8	43.2
Gross margin	68.6%	63.5%
General and administrative	7.6	6.8
EBIT	89.3	35.7
EBIT margin	62.6%	52.5%
Pre-tax income	85.0	36.2
Income taxes	0.2	0.0
Tax rate	0.3%	0.0%
Net income	84.8	36.2
Net margin	59.5%	53.2%


EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.