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The cohorts were established as follows: Value Cohorts Large: total aggregated value over $100 million Medium: total aggregated value between $50 million and $100 million Small: total aggregated value between $10 million and $50 million Micro: total aggregated value under $10 million Volume Cohorts Large Volume: Over 10,000 contracts and POs Moderate Volume: Between 1,000 and 10,000 contracts and POs Small Volume: Between 100 and 1,000 contracts and POs Micro Volume: Less than 100 contracts and POs All Ranked Agency Z-Scores, FY23-FY25 Appendix E: Award Method Analysis Categories This appendix provides additional information about the types of contracts and POs included in the analysis reflected in Table 10 and Table 11

The story even has a bittersweet postscript

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Fourth-tier cigarettes also contributed some of the highest gross profit margin to cigarette sales at 21.64% in 2024, compared to 12.94% for premium brands