COMP <GO>
CARL vs SI // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Carlsmed Inc. (NASDAQ) VS. Shoulder Innovations Inc. (NYSE) • 15-METRIC TALLY: CARL 4
— SI 5
■ METRIC PARITY
LAST: $15.77 (+3.01%) • MKT CAP: $430.6M
options-implied-move
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LAST: $20.44 (+4.93%) • MKT CAP: $425.5M
options-implied-move
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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CARL VS. SI)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CARL | SI | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 75.30% | 76.50% | -1.20 | SI | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -35.00% | -16.10% | -18.90 | SI | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -6.88% | -8.46% | +1.58 | CARL | /fcf-yield <GO> |
| Operating Margin | -60.00% | -55.60% | -4.40 | SI | /operating-margins <GO> |
| Net Profit Margin | -58.70% | -60.00% | +1.30 | CARL | /net-margins <GO> |
| Revenue Growth (YoY) | — | 49.60% | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 7.83 | 8.73 | -0.90 | SI | /balance-sheet <GO> |
| Piotroski F-Score Quality | 3/9 | 5/9 | -2.00 | SI | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 52.6 | 50.8 | +1.82 | CARL | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $430.6M | $425.5M | $5.0M | CARL | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CARL REV | SI REV | CARL GROSS % | SI GROSS % | CARL FCF | SI FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $50.5M | $47.3M | 75.3% | 76.5% | -$29.6M | -$36.0M |
| FY 2024 | $27.2M | $31.6M | 73.8% | 77.0% | -$25.6M | -$18.2M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CARL // BETA —
SI // BETA —