COMP <GO>

M vs V // FREE CASH FLOW YIELD

Macy's Inc (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: M 4 — V 9

▲ FREE CASH FLOW YIELD LEADER: M

LAST: $24.72 (+4.13%) • MKT CAP: $6.46B

fcf-yield

16.37%

LAST: $410.54 (+2.48%) • MKT CAP: $733.53B

fcf-yield

2.90%

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

INSTITUTIONAL METRIC	M	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	38.00%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	11.80%	32.30%	-20.50	V	/roic <GO>
EV/EBITDA & P/E Valuation	6.3x	28.9x	-22.60	M	/valuation <GO>
Free Cash Flow Yield ACTIVE	16.37%	2.90%	+13.47	M	/fcf-yield <GO>
Operating Margin	4.70%	60.00%	-55.30	V	/operating-margins <GO>
Net Profit Margin	2.90%	50.10%	-47.20	V	/net-margins <GO>
Revenue Growth (YoY)	-2.40%	11.30%	-13.70	V	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	3.05%	0.63%	+2.42	M	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	2.81	9.09	-6.28	V	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	9/9	-1.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	61.5	65.6	-4.10	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.95	1.06	-0.11	V	/macro-sensitivity <GO>
Forward P/E Multiple	9.4x	34.0x	-24.60	M	/forward-pe <GO>
Enterprise Scale & Market Cap	$6.46B	$733.53B	-$727.08B	V	/market-cap <GO>

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

FISCAL YEAR	M REV	V REV	M GROSS %	V GROSS %	M FCF	V FCF
FY 2025	$21.76B	$40.00B	38.0%	—	$1.06B	$21.26B
FY 2024	$22.29B	$35.93B	38.4%	—	$760.0M	$18.33B
FY 2023	$23.09B	$32.65B	—	—	$265.9M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

M // BETA 0.95

V // BETA 1.06