COMP <GO>
MAX vs PHR // EV/EBITDA & P/E VALUATION
MediaAlpha Inc. (Class A) (NYSE) VS. Phreesia Inc. (NYSE) • 15-METRIC TALLY: MAX 7
— PHR 1
■ METRIC PARITY
LAST: $14.13 (+20.56%) • MKT CAP: $836.4M
valuation
41.1x
LAST: $12.53 (+1.29%) • MKT CAP: $777.7M
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MAX VS. PHR)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | MAX | PHR | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 15.00% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 19.70% | -2.00% | +21.70 | MAX | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 41.1x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 7.80% | 8.71% | -0.91 | PHR | /fcf-yield <GO> |
| Operating Margin | 2.00% | -1.40% | +3.40 | MAX | /operating-margins <GO> |
| Net Profit Margin | 2.30% | 0.50% | +1.80 | MAX | /net-margins <GO> |
| Revenue Growth (YoY) | 28.80% | 14.00% | +14.80 | MAX | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.64 | 0.59 | +2.05 | MAX | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 76.0 | 67.0 | +9.01 | MAX | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 27.4x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $836.4M | $777.7M | $58.6M | MAX | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | MAX REV | PHR REV | MAX GROSS % | PHR GROSS % | MAX FCF | PHR FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.11B | $467.8M | 15.0% | — | $65.3M | $67.7M |
| FY 2024 | $864.7M | $410.5M | 16.6% | — | $45.6M | $23.7M |
| FY 2023 | $388.1M | $346.0M | — | — | $20.2M | -$32.4M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
MAX // BETA —
PHR // BETA —