COMP <GO>

LEN vs MA // 10Y YIELD & FRED MACRO BETA

Lennar Corporation (NYSE) VS. Mastercard Incorporated (NYSE) • 15-METRIC TALLY: LEN 4 — MA 10

▲ 10Y YIELD & FRED MACRO BETA LEADER: LEN

LAST: $86.94 (+1.73%) • MKT CAP: $20.33B

macro-sensitivity

0.97

LAST: $638.01 (+0.36%) • MKT CAP: $556.88B

macro-sensitivity

0.90

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

INSTITUTIONAL METRIC	LEN	MA	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	8.60%	33.50%	-24.90	MA	/roic <GO>
EV/EBITDA & P/E Valuation	8.1x	29.2x	-21.10	LEN	/valuation <GO>
Free Cash Flow Yield	0.14%	3.08%	-2.94	MA	/fcf-yield <GO>
Operating Margin	7.40%	57.60%	-50.20	MA	/operating-margins <GO>
Net Profit Margin	6.10%	45.60%	-39.50	MA	/net-margins <GO>
Revenue Growth (YoY)	-3.50%	16.40%	-19.90	MA	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.56%	0.49%	+2.07	LEN	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.45	11.17	-7.72	MA	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	8/9	-2.00	MA	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.80%	6.60%	+0.20	MA	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	62.9	70.6	-7.73	MA	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	0.97	0.90	+0.07	LEN	/macro-sensitivity <GO>
Forward P/E Multiple	9.1x	31.2x	-22.10	LEN	/forward-pe <GO>
Enterprise Scale & Market Cap	$20.33B	$556.88B	-$536.55B	MA	/market-cap <GO>

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

FISCAL YEAR	LEN REV	MA REV	LEN GROSS %	MA GROSS %	LEN FCF	MA FCF
FY 2025	$34.19B	$32.79B	44.0%	44.0%	$28.2M	$17.16B
FY 2024	$35.44B	$28.17B	44.0%	44.0%	$2.23B	$14.31B
FY 2023	$34.23B	$25.10B	44.0%	44.0%	$3.64B	$10.85B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

LEN // BETA 0.97

MA // BETA 0.90