COMP <GO>
MAX vs CASS // FORWARD P/E MULTIPLE
MediaAlpha Inc. (Class A) (NYSE) VS. Cass Information Systems Inc (NASDAQ) • 15-METRIC TALLY: MAX 6
— CASS 3
▲ FORWARD P/E MULTIPLE LEADER: CASS
LAST: $14.13 (+20.56%) • MKT CAP: $836.4M
forward-pe
27.4x
LAST: $53.71 (-0.30%) • MKT CAP: $687.8M
forward-pe
18.2x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MAX VS. CASS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | MAX | CASS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 15.00% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 19.70% | 14.50% | +5.20 | MAX | /roic <GO> |
| EV/EBITDA & P/E Valuation | 41.1x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 7.80% | 4.62% | +3.18 | MAX | /fcf-yield <GO> |
| Operating Margin | 2.00% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 2.30% | 32.50% | -30.20 | CASS | /net-margins <GO> |
| Revenue Growth (YoY) | 28.80% | -1.80% | +30.60 | MAX | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 2.40% | -2.40 | CASS | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.64 | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 5/9 | +2.00 | MAX | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 68.9 | 46.0 | +22.90 | MAX | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple ACTIVE | 27.4x | 18.2x | +9.20 | CASS | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $836.4M | $687.8M | $148.6M | MAX | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | MAX REV | CASS REV | MAX GROSS % | CASS GROSS % | MAX FCF | CASS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.11B | $108.0M | 15.0% | — | $65.3M | $31.8M |
| FY 2024 | $864.7M | $109.9M | 16.6% | — | $45.6M | $30.4M |
| FY 2023 | $388.1M | $106.1M | — | — | $20.2M | $36.9M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
MAX // BETA —
CASS // BETA —