COMP <GO>
RIOT vs WULF // PIOTROSKI F-SCORE QUALITY
Riot Platforms Inc. (NASDAQ) VS. TeraWulf Inc. (NASDAQ) • 15-METRIC TALLY: RIOT 4
— WULF 3
■ METRIC PARITY
LAST: $13.74 (-4.91%) • MKT CAP: $5.16B
piotroski-score
4/9
LAST: $12.75 (-4.99%) • MKT CAP: $6.36B
piotroski-score
4/9
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (RIOT VS. WULF)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | RIOT | WULF | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -15.30% | -28.90% | +13.60 | RIOT | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -15.02% | -18.00% | +2.98 | RIOT | /fcf-yield <GO> |
| Operating Margin | -60.00% | -60.00% | 0.00 | TIE | /operating-margins <GO> |
| Net Profit Margin | -60.00% | -60.00% | 0.00 | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | 71.90% | 20.30% | +51.60 | RIOT | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality ACTIVE | 4/9 | 4/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 38.8 | 46.9 | -8.10 | WULF | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.98 | 1.14 | -0.16 | WULF | /macro-sensitivity <GO> |
| Forward P/E Multiple | 21.0x | 30.0x | -9.00 | RIOT | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.16B | $6.36B | -$1.21B | WULF | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | RIOT REV | WULF REV | RIOT GROSS % | WULF GROSS % | RIOT FCF | WULF FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $647.4M | $168.5M | — | 39.2% | -$774.3M | -$1.18B |
| FY 2024 | $376.7M | $140.1M | — | 49.8% | -$495.4M | -$292.4M |
| FY 2023 | $280.7M | $69.2M | — | — | $20.5M | $1.1M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
RIOT // BETA 0.98
WULF // BETA 1.14