COMP <GO>

MITT vs MS // 10Y YIELD & FRED MACRO BETA

TPG Mortgage Investment Trust Inc. (NYSE) VS. Morgan Stanley (NYSE) • 15-METRIC TALLY: MITT 2 — MS 4

■ METRIC PARITY

LAST: $5.70 (+1.42%) • MKT CAP: $181.3M

macro-sensitivity

—

LAST: $190.00 (-0.07%) • MKT CAP: $298.41B

macro-sensitivity

1.04

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

INSTITUTIONAL METRIC	MITT	MS	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	8.70%	3.00%	+5.70	MITT	/roic <GO>
EV/EBITDA & P/E Valuation	—	31.0x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	-7.25%	—	TIE	/fcf-yield <GO>
Operating Margin	—	24.60%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	20.20%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	5.50%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	2.21%	-2.21	MS	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	5/9	-1.00	MS	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	50.3	51.0	-0.70	MS	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	—	1.04	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	3.5x	16.5x	-13.00	MITT	/forward-pe <GO>
Enterprise Scale & Market Cap	$181.3M	$298.41B	-$298.23B	MS	/market-cap <GO>

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

FISCAL YEAR	MITT REV	MS REV	MITT GROSS %	MS GROSS %	MITT FCF	MS FCF
FY 2025	$0	$0	—	—	$59.6M	-$17.89B
FY 2024	$0	$0	—	—	$55.8M	$1.36B
FY 2023	$0	$0	—	—	$28.1M	-$33.54B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

MITT // BETA —

MS // BETA 1.04