COMP <GO>

LAUR vs EDU // 10Y YIELD & FRED MACRO BETA

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

▲ 10Y YIELD & FRED MACRO BETA LEADER: LAUR

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>

macro-sensitivity

0.98

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>

macro-sensitivity

0.96

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

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

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

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

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

LAUR // BETA 0.98

EDU // BETA 0.96