COMP <GO>
AD vs ZD // EV/EBITDA & P/E VALUATION
Array Digital Infrastructure Inc. (NYSE) VS. Ziff Davis Inc. (NASDAQ) • 15-METRIC TALLY: AD 4
— ZD 6
■ METRIC PARITY
LAST: $32.35 (+1.73%) • MKT CAP: $2.80B
valuation
—
LAST: $55.95 (+1.05%) • MKT CAP: $1.92B
valuation
7.3x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AD VS. ZD)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | AD | ZD | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 51.20% | 85.80% | -34.60 | ZD | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -3.00% | 7.60% | -10.60 | ZD | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 7.3x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 6.21% | 15.01% | -8.80 | ZD | /fcf-yield <GO> |
| Operating Margin | -56.80% | 12.60% | -69.40 | ZD | /operating-margins <GO> |
| Net Profit Margin | 42.50% | 3.30% | +39.20 | AD | /net-margins <GO> |
| Revenue Growth (YoY) | -65.00% | 3.50% | -68.50 | ZD | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | 1.77 | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 7/9 | -1.00 | ZD | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 42.3 | 41.0 | +1.25 | AD | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 37.6x | 37.7x | -0.10 | AD | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $2.80B | $1.92B | $879.9M | AD | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | AD REV | ZD REV | AD GROSS % | ZD GROSS % | AD FCF | ZD FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $163.0M | $1.45B | 51.2% | 85.8% | $173.6M | $287.9M |
| FY 2024 | $3.67B | $1.40B | 98.0% | 85.7% | $864.0M | $283.7M |
| FY 2023 | $3.81B | $1.36B | — | — | $866.9M | $320.0M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
AD // BETA —
ZD // BETA —