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