COMP <GO>

SHLS vs WOLF // EV/EBITDA & P/E VALUATION

Shoals Technologies Group Inc. (Class A) (NASDAQ) VS. Wolfspeed Inc. (NYSE) • 15-METRIC TALLY: SHLS 3 — WOLF 1

■ METRIC PARITY

LAST: $7.55 (-0.13%) • MKT CAP: $1.27B

valuation

15.0x

LAST: $24.95 (-6.34%) • MKT CAP: $1.32B

valuation

—

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

INSTITUTIONAL METRIC	SHLS	WOLF	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	35.00%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	7.50%	0.70%	+6.80	SHLS	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	15.0x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	-1.26%	—	—	TIE	/fcf-yield <GO>
Operating Margin	11.90%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	7.10%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	19.10%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.62	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	3/9	+3.00	SHLS	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	41.2	39.6	+1.60	SHLS	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	31.8x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.27B	$1.32B	-$50.0M	WOLF	/market-cap <GO>

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

FISCAL YEAR	SHLS REV	WOLF REV	SHLS GROSS %	WOLF GROSS %	SHLS FCF	WOLF FCF
FY 2025	$475.3M	$0	35.0%	—	-$16.0M	—
FY 2024	$399.2M	$757.6M	35.6%	-16.1%	$72.0M	-$1.98B
FY 2023	$488.9M	—	—	—	$92.0M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

SHLS // BETA —

WOLF // BETA —