COMP <GO>
REAL vs SPH // EV/EBITDA & P/E VALUATION
The RealReal Inc. (NASDAQ) VS. Suburban Propane Partners L.P. (NYSE) • 15-METRIC TALLY: REAL 5
— SPH 5
■ METRIC PARITY
LAST: $11.35 (+2.62%) • MKT CAP: $1.38B
valuation
—
LAST: $17.85 (+1.08%) • MKT CAP: $1.19B
valuation
9.4x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (REAL VS. SPH)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | REAL | SPH | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 74.60% | 60.60% | +14.00 | REAL | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -27.40% | 8.40% | -35.80 | SPH | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 9.4x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 1.33% | 9.60% | -8.27 | SPH | /fcf-yield <GO> |
| Operating Margin | -3.50% | 14.40% | -17.90 | SPH | /operating-margins <GO> |
| Net Profit Margin | 68.00% | 7.40% | +60.60 | REAL | /net-margins <GO> |
| Revenue Growth (YoY) | 15.40% | 7.90% | +7.50 | REAL | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 0.20 | 1.27 | -1.07 | SPH | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 7/9 | -2.00 | SPH | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 72.0 | 62.1 | +9.96 | REAL | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 10.4x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $1.38B | $1.19B | $190.2M | REAL | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | REAL REV | SPH REV | REAL GROSS % | SPH GROSS % | REAL FCF | SPH FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $692.8M | $1.43B | 74.6% | 60.6% | $18.4M | $114.3M |
| FY 2024 | $600.5M | $1.33B | 74.5% | 60.7% | $12.6M | $101.2M |
| FY 2023 | $549.3M | $1.43B | — | — | -$61.3M | $225.2M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
REAL // BETA —
SPH // BETA —