COMP <GO>

FSS vs PG // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Federal Signal Corporation (NYSE) VS. Procter & Gamble Company (The) (NYSE) • 15-METRIC TALLY: FSS 4 — PG 11

▲ OPTIONS IMPLIED MOVE & PUT/CALL SKEW LEADER: PG

LAST: $112.67 (-2.20%) • MKT CAP: $7.03B

options-implied-move

7.00%

LAST: $161.57 (+0.61%) • MKT CAP: $372.21B

options-implied-move

6.50%

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

INSTITUTIONAL METRIC	FSS	PG	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	28.90%	51.20%	-22.30	PG	/gross-margins <GO>
Return on Invested Capital (ROIC)	15.50%	25.40%	-9.90	PG	/roic <GO>
EV/EBITDA & P/E Valuation	20.3x	16.2x	+4.10	PG	/valuation <GO>
Free Cash Flow Yield	3.23%	3.77%	-0.54	PG	/fcf-yield <GO>
Operating Margin	15.60%	24.30%	-8.70	PG	/operating-margins <GO>
Net Profit Margin	11.30%	19.00%	-7.70	PG	/net-margins <GO>
Revenue Growth (YoY)	17.10%	0.30%	+16.80	FSS	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.48%	2.65%	-2.17	PG	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	6.61	5.59	+1.02	FSS	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	7/9	+1.00	FSS	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	7.00%	6.50%	+0.50	PG	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	45.5	62.7	-17.23	PG	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.04	0.87	+0.17	FSS	/macro-sensitivity <GO>
Forward P/E Multiple	23.9x	21.7x	+2.20	PG	/forward-pe <GO>
Enterprise Scale & Market Cap	$7.03B	$372.21B	-$365.18B	PG	/market-cap <GO>

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

FISCAL YEAR	FSS REV	PG REV	FSS GROSS %	PG GROSS %	FSS FCF	PG FCF
FY 2025	$2.18B	$84.28B	28.9%	51.2%	$227.1M	$14.04B
FY 2024	$1.86B	$84.04B	28.6%	51.4%	$190.7M	$16.52B
FY 2023	$1.72B	$82.01B	44.0%	44.0%	$116.9M	$13.16B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

FSS // BETA 1.04

PG // BETA 0.87