COMP <GO>
UPST vs UWMC // 10Y YIELD & FRED MACRO BETA
Upstart Holdings Inc. (NASDAQ) VS. UWM Holdings Corporation (Class A) (NYSE) • 15-METRIC TALLY: UPST 3
— UWMC 5
■ METRIC PARITY
LAST: $24.84 (+2.90%) • MKT CAP: $2.42B
macro-sensitivity
0.92
LAST: $1.49 (-0.67%) • MKT CAP: $2.39B
macro-sensitivity
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (UPST VS. UWMC)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | UPST | UWMC | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 3.20% | 15.30% | -12.10 | UWMC | /roic <GO> |
| EV/EBITDA & P/E Valuation | 62.4x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -6.13% | — | — | TIE | /fcf-yield <GO> |
| Operating Margin | 4.10% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 5.10% | 7.70% | -2.60 | UWMC | /net-margins <GO> |
| Revenue Growth (YoY) | 64.00% | 18.20% | +45.80 | UPST | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 3.28% | -3.28 | UWMC | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 2/9 | +3.00 | UPST | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 53.3 | 66.8 | -13.48 | UWMC | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | 0.92 | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 37.9x | 8.2x | +29.70 | UWMC | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $2.42B | $2.39B | $22.9M | UPST | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | UPST REV | UWMC REV | UPST GROSS % | UWMC GROSS % | UPST FCF | UWMC FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.04B | $3.16B | — | — | -$148.1M | -$2.72B |
| FY 2024 | $636.5M | $2.67B | — | — | $185.5M | -$6.28B |
| FY 2023 | $513.6M | $2.17B | — | — | -$134.8M | $165.2M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
UPST // BETA 0.92
UWMC // BETA —