COMP <GO>
CIFR vs MS // ALTMAN Z-SCORE & DEBT/EQUITY
Cipher Digital Inc. (NASDAQ) VS. Morgan Stanley (NYSE) • 15-METRIC TALLY: CIFR 4
— MS 10
▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: CIFR
LAST: $7.29 (-10.00%) • MKT CAP: $3.69B
balance-sheet
0.59
LAST: $184.30 (-3.00%) • MKT CAP: $298.41B
balance-sheet
0.46
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CIFR VS. MS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CIFR | MS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 63.70% | 41.00% | +22.70 | CIFR | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -11.50% | 3.00% | -14.50 | MS | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 31.0x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -18.00% | -7.25% | -10.75 | MS | /fcf-yield <GO> |
| Operating Margin | -60.00% | 24.60% | -84.60 | MS | /operating-margins <GO> |
| Net Profit Margin | -60.00% | 20.20% | -80.20 | MS | /net-margins <GO> |
| Revenue Growth (YoY) | 48.00% | 5.50% | +42.50 | CIFR | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 2.21% | -2.21 | MS | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 0.59 | 0.46 | +0.13 | CIFR | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 5/9 | -1.00 | MS | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 6.60% | 7.00% | -0.40 | CIFR | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 25.4 | 43.3 | -17.92 | MS | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.92 | 1.04 | -0.12 | MS | /macro-sensitivity <GO> |
| Forward P/E Multiple | 23.0x | 16.5x | +6.50 | MS | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $3.69B | $298.41B | -$294.72B | MS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CIFR REV | MS REV | CIFR GROSS % | MS GROSS % | CIFR FCF | MS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $223.9M | $0 | 63.7% | — | -$695.9M | -$17.89B |
| FY 2024 | $151.3M | $0 | 58.8% | — | -$227.0M | $1.36B |
| FY 2023 | $126.8M | $0 | 44.0% | — | -$99.9M | -$33.54B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CIFR // BETA 0.92
MS // BETA 1.04