COMP <GO>

DLHC vs BGSF // PIOTROSKI F-SCORE QUALITY

DLH Holdings Corp. (NASDAQ) VS. BGSF Inc. (NYSE) • 15-METRIC TALLY: DLHC 3 — BGSF 1

▲ PIOTROSKI F-SCORE QUALITY LEADER: BGSF

LAST: $3.66 (-0.54%) • MKT CAP: $53.0M

piotroski-score

3/9

LAST: $4.29 (+0.94%) • MKT CAP: $45.8M

piotroski-score

6/9

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

INSTITUTIONAL METRIC	DLHC	BGSF	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	35.70%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	5.80%	-24.20%	+30.00	DLHC	/roic <GO>
EV/EBITDA & P/E Valuation	10.1x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	0.31%	—	TIE	/fcf-yield <GO>
Operating Margin	—	-9.50%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	-12.20%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	-10.60%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	4.00	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality ACTIVE	3/9	6/9	-3.00	BGSF	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	45.3	37.7	+7.59	DLHC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$53.0M	$45.8M	$7.2M	DLHC	/market-cap <GO>

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

FISCAL YEAR	DLHC REV	BGSF REV	DLHC GROSS %	BGSF GROSS %	DLHC FCF	BGSF FCF
FY 2025	$0	$93.3M	—	35.7%	$23.2M	$142.0K
FY 2024	$0	$104.4M	—	36.8%	$27.4M	$24.4M
FY 2023	—	$125.1M	—	—	—	$20.4M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

DLHC // BETA —

BGSF // BETA —