COMP <GO>

TIC vs WU // EV/EBITDA & P/E VALUATION

TIC Solutions Inc. (NYSE) VS. Western Union Company (NYSE) • 15-METRIC TALLY: TIC 4 — WU 4

■ METRIC PARITY

LAST: $10.39 (+3.90%) • MKT CAP: $2.27B

valuation

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LAST: $6.21 (+1.97%) • MKT CAP: $1.94B

valuation

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

INSTITUTIONAL METRIC	TIC	WU	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	29.40%	34.30%	-4.90	WU	/gross-margins <GO>
Return on Invested Capital (ROIC)	-0.40%	85.00%	-85.40	WU	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	2.70%	—	—	TIE	/fcf-yield <GO>
Operating Margin	-1.10%	19.50%	-20.60	WU	/operating-margins <GO>
Net Profit Margin	-5.70%	12.90%	-18.60	WU	/net-margins <GO>
Revenue Growth (YoY)	—	-3.70%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	1.08	0.92	+0.16	TIC	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	5/9	+1.00	TIC	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	64.3	46.3	+18.06	TIC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	3.6x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$2.27B	$1.94B	$330.5M	TIC	/market-cap <GO>

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

FISCAL YEAR	TIC REV	WU REV	TIC GROSS %	WU GROSS %	TIC FCF	WU FCF
FY 2025	$1.53B	$3.88B	29.4%	34.3%	$61.3M	$505.2M
FY 2024	$0	$4.03B	—	34.9%	—	$368.9M
FY 2023	$1.05B	$4.16B	—	—	—	$783.1M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

TIC // BETA —

WU // BETA —