COMP <GO>

SPWH vs WSHP // PIOTROSKI F-SCORE QUALITY

Sportsman's Warehouse Holdings Inc. (NASDAQ) VS. WeShop Holdings Limited (Class A) (NASDAQ) • 15-METRIC TALLY: SPWH 1 — WSHP 1

■ METRIC PARITY

LAST: $1.07 (-0.93%) • MKT CAP: $41.9M

piotroski-score

6/9

LAST: $2.39 (-2.05%) • MKT CAP: $57.9M

piotroski-score

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

INSTITUTIONAL METRIC	SPWH	WSHP	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	30.90%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-12.80%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	21.21%	—	—	TIE	/fcf-yield <GO>
Operating Margin	-3.10%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	-4.10%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	1.00%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	1.79	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality ACTIVE	6/9	—	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	44.8	25.3	+19.50	SPWH	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$41.9M	$57.9M	-$16.0M	WSHP	/market-cap <GO>

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

FISCAL YEAR	SPWH REV	WSHP REV	SPWH GROSS %	WSHP GROSS %	SPWH FCF	WSHP FCF
FY 2025	$1.21B	—	30.9%	—	$8.9M	—
FY 2024	$1.20B	—	30.9%	—	$19.6M	—
FY 2023	$1.29B	—	—	—	$52.3M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

SPWH // BETA —

WSHP // BETA —