COMP <GO>
ARX vs NP // EV/EBITDA & P/E VALUATION
Accelerant Holdings (Class A) (NYSE) VS. Neptune Insurance Holdings Inc. (Class A) (NYSE) • 15-METRIC TALLY: ARX 4
— NP 1
■ METRIC PARITY
LAST: $19.82 (+0.05%) • MKT CAP: $4.30B
valuation
—
LAST: $28.81 (-2.27%) • MKT CAP: $3.98B
valuation
56.0x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ARX VS. NP)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | ARX | NP | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | — | 28.20% | — | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 56.0x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 10.34% | 1.30% | +9.04 | ARX | /fcf-yield <GO> |
| Operating Margin | — | 44.50% | — | TIE | /operating-margins <GO> |
| Net Profit Margin | — | 23.40% | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | 51.50% | 33.70% | +17.80 | ARX | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 3/9 | 7/9 | -4.00 | NP | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 66.4 | 51.4 | +15.04 | ARX | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 89.4x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $4.30B | $3.98B | $323.9M | ARX | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | ARX REV | NP REV | ARX GROSS % | NP GROSS % | ARX FCF | NP FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $912.9M | $159.6M | — | — | $445.1M | $51.7M |
| FY 2024 | $602.6M | $119.3M | — | — | $785.7M | $49.9M |
| FY 2023 | $344.0M | $84.9M | — | — | $290.0M | $18.6M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
ARX // BETA —
NP // BETA —