COMP <GO>
BH vs MA // RETURN ON INVESTED CAPITAL (ROIC)
Biglari Holdings Inc. (Class B) (NYSE) VS. Mastercard Incorporated (NYSE) • 15-METRIC TALLY: BH 1
— MA 7
▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: MA
LAST: $390.32 (+1.47%) • MKT CAP: $908.1M
roic
-7.20%
LAST: $635.70 (+4.16%) • MKT CAP: $556.88B
roic
33.50%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BH VS. MA)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | BH | MA | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 59.20% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) ACTIVE | -7.20% | 33.50% | -40.70 | MA | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 29.2x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 8.44% | 3.08% | +5.36 | BH | /fcf-yield <GO> |
| Operating Margin | — | 57.60% | — | TIE | /operating-margins <GO> |
| Net Profit Margin | -9.50% | 45.60% | -55.10 | MA | /net-margins <GO> |
| Revenue Growth (YoY) | 9.20% | 16.40% | -7.20 | MA | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.49% | -0.49 | MA | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | 11.17 | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 8/9 | -1.00 | MA | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 52.5 | 68.8 | -16.27 | MA | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 0.90 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 31.2x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $908.1M | $556.88B | -$555.97B | MA | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | BH REV | MA REV | BH GROSS % | MA GROSS % | BH FCF | MA FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $395.3M | $32.79B | 59.2% | — | $76.6M | $17.16B |
| FY 2024 | $362.1M | $28.17B | 60.4% | — | $19.1M | $14.31B |
| FY 2023 | $365.3M | $25.10B | — | — | $73.0M | $10.85B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
BH // BETA —
MA // BETA 0.90