COMP <GO>

CMG vs V // RETURN ON INVESTED CAPITAL (ROIC)

Chipotle Mexican Grill Inc. (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: CMG 4 — V 9

▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: V

LAST: $31.89 (+1.95%) • MKT CAP: $39.58B

roic

30.20%

LAST: $413.59 (+0.74%) • MKT CAP: $733.53B

roic

32.30%

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CMG VS. V) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	CMG	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE	30.20%	32.30%	-2.10	V	/roic <GO>
EV/EBITDA & P/E Valuation	16.7x	28.9x	-12.20	CMG	/valuation <GO>
Free Cash Flow Yield	3.66%	2.90%	+0.76	CMG	/fcf-yield <GO>
Operating Margin	16.20%	60.00%	-43.80	V	/operating-margins <GO>
Net Profit Margin	12.90%	50.10%	-37.20	V	/net-margins <GO>
Revenue Growth (YoY)	5.40%	11.30%	-5.90	V	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.63%	-0.63	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	6.02	9.09	-3.07	V	/balance-sheet <GO>
Piotroski F-Score Quality	9/9	9/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.90%	7.10%	-0.20	CMG	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	56.6	69.4	-12.87	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.99	1.06	-0.07	V	/macro-sensitivity <GO>
Forward P/E Multiple	24.0x	34.0x	-10.00	CMG	/forward-pe <GO>
Enterprise Scale & Market Cap	$39.58B	$733.53B	-$693.95B	V	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	CMG REV	V REV	CMG GROSS %	V GROSS %	CMG FCF	V FCF
FY 2025	$11.93B	$40.00B	44.0%	44.0%	$1.45B	$21.26B
FY 2024	$11.31B	$35.93B	44.0%	44.0%	$1.51B	$18.33B
FY 2023	$9.87B	$32.65B	44.0%	44.0%	$1.34B	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CMG // BETA 0.99

V // BETA 1.06