The algo takes into account the base difficulty on your attacks. You are handicapped a bit if you are a level ten and your opponents are roughly equal on summed HQ but say they have mostly level 7-8s. IOW you will get less for level drops on attacks. Consequently, level jumps that are successful will gain you inordinately more loot if your squad wins -- say you are a level 7 and you own level 8s and 9s.
Imperial squad WAR247 that is (103/2) with four draws in squad wars. Ranked 590th server-wide on SOD. We are a level 44 squad.