COMP <GO>

NTCT vs CARG // EV/EBITDA & P/E VALUATION

NetScout Systems Inc. (NASDAQ) VS. CarGurus Inc. (Class A) (NASDAQ) • 15-METRIC TALLY: NTCT 0 — CARG 10

▲ EV/EBITDA & P/E VALUATION LEADER: CARG

LAST: $39.35 (-0.45%) • MKT CAP: $2.86B

valuation

19.7x

LAST: $32.50 (+3.77%) • MKT CAP: $2.89B

valuation

10.8x

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

INSTITUTIONAL METRIC	NTCT	CARG	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	79.40%	92.80%	-13.40	CARG	/gross-margins <GO>
Return on Invested Capital (ROIC)	7.90%	85.00%	-77.10	CARG	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	19.7x	10.8x	+8.90	CARG	/valuation <GO>
Free Cash Flow Yield	9.98%	9.98%	0.00	TIE	/fcf-yield <GO>
Operating Margin	12.80%	27.00%	-14.20	CARG	/operating-margins <GO>
Net Profit Margin	11.10%	17.20%	-6.10	CARG	/net-margins <GO>
Revenue Growth (YoY)	4.50%	13.70%	-9.20	CARG	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.28	9.72	-6.44	CARG	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	8/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	43.8	55.2	-11.43	CARG	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	27.9x	15.6x	+12.30	CARG	/forward-pe <GO>
Enterprise Scale & Market Cap	$2.86B	$2.89B	-$33.9M	CARG	/market-cap <GO>

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

FISCAL YEAR	NTCT REV	CARG REV	NTCT GROSS %	CARG GROSS %	NTCT FCF	CARG FCF
FY 2025	$859.5M	$907.0M	79.4%	92.8%	$285.4M	$288.9M
FY 2024	$822.7M	$798.0M	78.3%	91.2%	$212.3M	$180.3M
FY 2023	$829.5M	$698.4M	—	—	$58.8M	$124.5M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

NTCT // BETA —

CARG // BETA —