COMP <GO>

EDU vs LAUR // RETURN ON INVESTED CAPITAL (ROIC)

New Oriental Education & Technology Group Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) (NYSE) VS. Laureate Education Inc. (NASDAQ) • 15-METRIC TALLY: EDU 9 — LAUR 5

▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: LAUR

EDU — New Oriental Education & Technology Group Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) ROARABLE B- • RQD 71/100

LAST: $48.68 (-0.84%) • MKT CAP: $7.61B

DES <GO> FA <GO> 10-K RED <GO>

roic

21.30%

LAUR — Laureate Education Inc. SUPERIOR ROARABLE B- • RQD 70/100

LAST: $33.22 (-7.75%) • MKT CAP: $4.96B

DES <GO> FA <GO> 10-K RED <GO>

roic

30.60%

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

INSTITUTIONAL METRIC	EDU	LAUR	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	54.60%	28.30%	+26.30	EDU	/gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE	21.30%	30.60%	-9.30	LAUR	/roic <GO>
EV/EBITDA & P/E Valuation	9.3x	9.8x	-0.50	EDU	/valuation <GO>
Free Cash Flow Yield	10.25%	5.84%	+4.41	EDU	/fcf-yield <GO>
Operating Margin	11.40%	25.30%	-13.90	LAUR	/operating-margins <GO>
Net Profit Margin	8.40%	16.50%	-8.10	LAUR	/net-margins <GO>
Revenue Growth (YoY)	15.50%	8.60%	+6.90	EDU	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	1.27%	3.40%	-2.13	LAUR	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	4.92	4.52	+0.40	EDU	/balance-sheet <GO>
Piotroski F-Score Quality	9/9	6/9	+3.00	EDU	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.80%	6.80%	0.00	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	24.9	23.4	+1.50	EDU	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.96	0.98	-0.02	LAUR	/macro-sensitivity <GO>
Forward P/E Multiple	13.4x	16.4x	-3.00	EDU	/forward-pe <GO>
Enterprise Scale & Market Cap	$7.61B	$4.96B	$2.65B	EDU	/market-cap <GO>

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

FISCAL YEAR	EDU REV	LAUR REV	EDU GROSS %	LAUR GROSS %	EDU FCF	LAUR FCF
FY 2025	$5.66B	$1.70B	54.6%	28.3%	$780.2M	$289.6M
FY 2024	$4.90B	$1.57B	55.4%	26.8%	$654.7M	$162.2M
FY 2023	$4.31B	$1.48B	44.0%	44.0%	$928.5M	$184.0M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

EDU // BETA 0.96

LAUR // BETA 0.98