COMP <GO>

NKE vs MA // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Nike Inc. (NYSE) VS. Mastercard Incorporated (NYSE) • 15-METRIC TALLY: NKE 6 — MA 9

▲ OPTIONS IMPLIED MOVE & PUT/CALL SKEW LEADER: MA

LAST: $38.67 (+0.65%) • MKT CAP: $57.07B

options-implied-move

7.40%

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

options-implied-move

6.60%

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

INSTITUTIONAL METRIC	NKE	MA	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	42.90%	41.00%	+1.90	NKE	/gross-margins <GO>
Return on Invested Capital (ROIC)	21.20%	33.50%	-12.30	MA	/roic <GO>
EV/EBITDA & P/E Valuation	13.1x	29.2x	-16.10	NKE	/valuation <GO>
Free Cash Flow Yield	3.83%	3.08%	+0.75	NKE	/fcf-yield <GO>
Operating Margin	8.20%	57.60%	-49.40	MA	/operating-margins <GO>
Net Profit Margin	6.70%	45.60%	-38.90	MA	/net-margins <GO>
Revenue Growth (YoY)	0.20%	16.40%	-16.20	MA	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	4.22%	0.49%	+3.73	NKE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.82	11.17	-7.35	MA	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	8/9	-2.00	MA	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	7.40%	6.60%	+0.80	MA	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	61.7	70.6	-8.92	MA	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.16	0.90	+0.26	NKE	/macro-sensitivity <GO>
Forward P/E Multiple	17.1x	31.2x	-14.10	NKE	/forward-pe <GO>
Enterprise Scale & Market Cap	$57.07B	$556.88B	-$499.81B	MA	/market-cap <GO>

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

FISCAL YEAR	NKE REV	MA REV	NKE GROSS %	MA GROSS %	NKE FCF	MA FCF
FY 2025	$46.40B	$32.79B	42.9%	44.0%	$2.18B	$17.16B
FY 2024	$46.31B	$28.17B	42.7%	44.0%	$3.27B	$14.31B
FY 2023	$51.36B	$25.10B	44.0%	44.0%	$5.12B	$10.85B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

NKE // BETA 1.16

MA // BETA 0.90