COMP <GO>

FBIZ vs V // NET PROFIT MARGIN

First Business Financial Services Inc. (NASDAQ) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: FBIZ 3 — V 4

■ METRIC PARITY

LAST: $77.77 (+3.14%) • MKT CAP: $631.0M

net-margins

—

LAST: $425.51 (+2.88%) • MKT CAP: $738.98B

net-margins

50.10%

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

INSTITUTIONAL METRIC	FBIZ	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	13.50%	32.30%	-18.80	V	/roic <GO>
EV/EBITDA & P/E Valuation	—	28.9x	—	TIE	/valuation <GO>
Free Cash Flow Yield	9.90%	2.90%	+7.00	FBIZ	/fcf-yield <GO>
Operating Margin	—	60.00%	—	TIE	/operating-margins <GO>
Net Profit Margin ACTIVE	—	50.10%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	11.30%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	1.57%	0.63%	+0.94	FBIZ	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	9.09	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	9/9	-4.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	66.7	67.7	-1.00	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.06	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	11.4x	34.0x	-22.60	FBIZ	/forward-pe <GO>
Enterprise Scale & Market Cap	$631.0M	$738.98B	-$738.35B	V	/market-cap <GO>

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

FISCAL YEAR	FBIZ REV	V REV	FBIZ GROSS %	V GROSS %	FBIZ FCF	V FCF
FY 2025	$1.71B	$40.00B	—	—	$61.1M	$21.26B
FY 2024	$1.62B	$35.93B	—	—	$57.3M	$18.33B
FY 2023	$198.7M	$32.65B	—	—	$52.3M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

FBIZ // BETA —

V // BETA 1.06