COMP <GO>

MA vs V // RETURN ON INVESTED CAPITAL (ROIC)

Mastercard Incorporated (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: MA 7 — V 7

▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: MA

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

roic

33.50%

LAST: $413.59 (+0.74%) • MKT CAP: $733.53B

roic

32.30%

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

INSTITUTIONAL METRIC	MA	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE	33.50%	32.30%	+1.20	MA	/roic <GO>
EV/EBITDA & P/E Valuation	29.2x	28.9x	+0.30	V	/valuation <GO>
Free Cash Flow Yield	3.08%	2.90%	+0.18	MA	/fcf-yield <GO>
Operating Margin	57.60%	60.00%	-2.40	V	/operating-margins <GO>
Net Profit Margin	45.60%	50.10%	-4.50	V	/net-margins <GO>
Revenue Growth (YoY)	16.40%	11.30%	+5.10	MA	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.49%	0.63%	-0.14	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	11.17	9.09	+2.08	MA	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	9/9	-1.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.60%	7.10%	-0.50	MA	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	70.6	69.4	+1.20	MA	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.90	1.06	-0.16	V	/macro-sensitivity <GO>
Forward P/E Multiple	31.2x	34.0x	-2.80	MA	/forward-pe <GO>
Enterprise Scale & Market Cap	$556.88B	$733.53B	-$176.65B	V	/market-cap <GO>

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

FISCAL YEAR	MA REV	V REV	MA GROSS %	V GROSS %	MA FCF	V FCF
FY 2025	$32.79B	$40.00B	44.0%	44.0%	$17.16B	$21.26B
FY 2024	$28.17B	$35.93B	44.0%	44.0%	$14.31B	$18.33B
FY 2023	$25.10B	$32.65B	44.0%	44.0%	$10.85B	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

MA // BETA 0.90

V // BETA 1.06