COMP <GO>

FRMI vs DEI // ENTERPRISE SCALE & MARKET CAP

Fermi Inc. (NASDAQ) VS. Douglas Emmett Inc. (NYSE) • 15-METRIC TALLY: FRMI 1 — DEI 4

▲ ENTERPRISE SCALE & MARKET CAP LEADER: FRMI

LAST: $2.86 (-5.30%) • MKT CAP: $1.83B

market-cap

$1.83B

LAST: $10.21 (+2.10%) • MKT CAP: $1.71B

market-cap

$1.71B

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

INSTITUTIONAL METRIC	FRMI	DEI	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-20.40%	0.90%	-21.30	DEI	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	22.62%	—	TIE	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	1.60%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	1.80%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	7.44%	-7.44	DEI	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	1/9	4/9	-3.00	DEI	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	33.8	52.6	-18.84	DEI	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	97.7x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap ACTIVE	$1.83B	$1.71B	$124.0M	FRMI	/market-cap <GO>

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

FISCAL YEAR	FRMI REV	DEI REV	FRMI GROSS %	DEI GROSS %	FRMI FCF	DEI FCF
FY 2025	$0	$1.00B	—	—	-$603.5M	$386.9M
FY 2024	—	$986.5M	—	—	—	$408.7M
FY 2023	—	$1.02B	—	—	—	$427.0M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

FRMI // BETA —

DEI // BETA —