COMP <GO>

W vs V // NET PROFIT MARGIN

Wayfair Inc. (NYSE) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: W 0 — V 13

▲ NET PROFIT MARGIN LEADER: V

LAST: $115.91 (-3.50%) • MKT CAP: $16.45B

net-margins

-2.50%

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

net-margins

50.10%

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

INSTITUTIONAL METRIC	W	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	30.20%	41.00%	-10.80	V	/gross-margins <GO>
Return on Invested Capital (ROIC)	1.00%	32.30%	-31.30	V	/roic <GO>
EV/EBITDA & P/E Valuation	95.0x	28.9x	+66.10	V	/valuation <GO>
Free Cash Flow Yield	2.82%	2.90%	-0.08	V	/fcf-yield <GO>
Operating Margin	0.10%	60.00%	-59.90	V	/operating-margins <GO>
Net Profit Margin ACTIVE	-2.50%	50.10%	-52.60	V	/net-margins <GO>
Revenue Growth (YoY)	5.10%	11.30%	-6.20	V	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.63%	-0.63	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.22	9.09	-5.87	V	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	9/9	-3.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.10%	7.10%	0.00	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	61.2	69.4	-8.27	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.05	1.06	-0.01	V	/macro-sensitivity <GO>
Forward P/E Multiple	34.0x	34.0x	0.00	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$16.45B	$733.53B	-$717.08B	V	/market-cap <GO>

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

FISCAL YEAR	W REV	V REV	W GROSS %	V GROSS %	W FCF	V FCF
FY 2025	$12.46B	$40.00B	30.2%	44.0%	$464.0M	$21.26B
FY 2024	$11.85B	$35.93B	30.2%	44.0%	$244.0M	$18.33B
FY 2023	$12.00B	$32.65B	44.0%	44.0%	-$191.1M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

W // BETA 1.05

V // BETA 1.06