COMP <GO>

DBI vs V // 10Y YIELD & FRED MACRO BETA

Designer Brands Inc. (Class A) (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: DBI 3 — V 8

■ METRIC PARITY

LAST: $6.80 (+7.09%) • MKT CAP: $347.6M

macro-sensitivity

—

LAST: $410.54 (+2.48%) • MKT CAP: $733.53B

macro-sensitivity

1.06

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

INSTITUTIONAL METRIC	DBI	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	43.60%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	16.40%	32.30%	-15.90	V	/roic <GO>
EV/EBITDA & P/E Valuation	4.0x	28.9x	-24.90	DBI	/valuation <GO>
Free Cash Flow Yield	22.51%	2.90%	+19.61	DBI	/fcf-yield <GO>
Operating Margin	1.70%	60.00%	-58.30	V	/operating-margins <GO>
Net Profit Margin	-0.30%	50.10%	-50.40	V	/net-margins <GO>
Revenue Growth (YoY)	-3.90%	11.30%	-15.20	V	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.78%	0.63%	+2.15	DBI	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	1.80	9.09	-7.29	V	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	9/9	-3.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	63.0	65.6	-2.64	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	—	1.06	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	34.0x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$347.6M	$733.53B	-$733.19B	V	/market-cap <GO>

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

FISCAL YEAR	DBI REV	V REV	DBI GROSS %	V GROSS %	DBI FCF	V FCF
FY 2025	$2.89B	$40.00B	43.6%	—	$78.3M	$21.26B
FY 2024	$3.01B	$35.93B	42.7%	—	$31.3M	$18.33B
FY 2023	$3.07B	$32.65B	—	—	$162.4M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

DBI // BETA —

V // BETA 1.06