COMP <GO>

NVRI vs FORR // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Enviri Corporation (NYSE) VS. Forrester Research Inc. (NASDAQ) • 15-METRIC TALLY: NVRI 1 — FORR 1

■ METRIC PARITY

LAST: $18.98 (-2.16%) • MKT CAP: $535.0M

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LAST: $12.18 (+1.16%) • MKT CAP: $231.9M

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

INSTITUTIONAL METRIC	NVRI	FORR	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	57.00%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	-35.00%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	7.80%	—	TIE	/fcf-yield <GO>
Operating Margin	—	-28.50%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	-30.10%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	-8.20%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	0.66	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	5/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	34.9	39.1	-4.23	FORR	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$535.0M	$231.9M	$303.2M	NVRI	/market-cap <GO>

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

FISCAL YEAR	NVRI REV	FORR REV	NVRI GROSS %	FORR GROSS %	NVRI FCF	FORR FCF
FY 2025	$0	$396.9M	—	57.0%	—	$18.1M
FY 2024	—	$432.5M	—	57.8%	—	-$7.3M
FY 2023	—	$480.8M	—	—	—	$21.7M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

NVRI // BETA —

FORR // BETA —