COMP <GO>

TKO vs V // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

TKO Group Holdings Inc. (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: TKO 2 — V 12

▲ OPTIONS IMPLIED MOVE & PUT/CALL SKEW LEADER: V

LAST: $180.68 (+1.07%) • MKT CAP: $33.84B

options-implied-move

7.20%

LAST: $413.59 (+0.74%) • MKT CAP: $733.53B

options-implied-move

7.10%

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

INSTITUTIONAL METRIC	TKO	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.90%	32.30%	-22.40	V	/roic <GO>
EV/EBITDA & P/E Valuation	36.1x	28.9x	+7.20	V	/valuation <GO>
Free Cash Flow Yield	3.17%	2.90%	+0.27	TKO	/fcf-yield <GO>
Operating Margin	17.60%	60.00%	-42.40	V	/operating-margins <GO>
Net Profit Margin	11.50%	50.10%	-38.60	V	/net-margins <GO>
Revenue Growth (YoY)	-3.10%	11.30%	-14.40	V	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.55%	0.63%	-0.08	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.70	9.09	-5.39	V	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	9/9	-1.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	7.20%	7.10%	+0.10	V	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	54.0	69.4	-15.49	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.10	1.06	+0.04	TKO	/macro-sensitivity <GO>
Forward P/E Multiple	57.6x	34.0x	+23.60	V	/forward-pe <GO>
Enterprise Scale & Market Cap	$33.84B	$733.53B	-$699.70B	V	/market-cap <GO>

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

FISCAL YEAR	TKO REV	V REV	TKO GROSS %	V GROSS %	TKO FCF	V FCF
FY 2025	$4.74B	$40.00B	44.0%	44.0%	$1.07B	$21.26B
FY 2024	$4.88B	$35.93B	44.0%	44.0%	$366.3M	$18.33B
FY 2023	$3.22B	$32.65B	44.0%	44.0%	$121.0M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

TKO // BETA 1.10

V // BETA 1.06