COMP <GO>
PGY vs MS // 10Y YIELD & FRED MACRO BETA
Pagaya Technologies Ltd. (Class A) (NASDAQ) VS. Morgan Stanley (NYSE) • 15-METRIC TALLY: PGY 6
— MS 5
■ METRIC PARITY
LAST: $19.23 (-7.59%) • MKT CAP: $1.74B
macro-sensitivity
—
LAST: $184.30 (-3.00%) • MKT CAP: $298.41B
macro-sensitivity
1.04
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (PGY VS. MS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | PGY | MS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 85.00% | 3.00% | +82.00 | PGY | /roic <GO> |
| EV/EBITDA & P/E Valuation | 5.4x | 31.0x | -25.60 | PGY | /valuation <GO> |
| Free Cash Flow Yield | 12.94% | -7.25% | +20.19 | PGY | /fcf-yield <GO> |
| Operating Margin | 20.90% | 24.60% | -3.70 | MS | /operating-margins <GO> |
| Net Profit Margin | 6.50% | 20.20% | -13.70 | MS | /net-margins <GO> |
| Revenue Growth (YoY) | 25.60% | 5.50% | +20.10 | PGY | /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 | 6/9 | 5/9 | +1.00 | PGY | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 59.6 | 51.0 | +8.60 | PGY | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | — | 1.04 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 17.9x | 16.5x | +1.40 | MS | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $1.74B | $298.41B | -$296.67B | MS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | PGY REV | MS REV | PGY GROSS % | MS GROSS % | PGY FCF | MS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.26B | $0 | — | — | $224.7M | -$17.89B |
| FY 2024 | $1.00B | $0 | — | — | $30.0M | $1.36B |
| FY 2023 | $772.8M | $0 | — | — | -$21.7M | -$33.54B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
PGY // BETA —
MS // BETA 1.04