COMP <GO>

WEX vs PG // 10Y YIELD & FRED MACRO BETA

WEX Inc. (NYSE) VS. Procter & Gamble Company (The) (NYSE) • 15-METRIC TALLY: WEX 5 — PG 10

▲ 10Y YIELD & FRED MACRO BETA LEADER: WEX

LAST: $184.61 (+0.62%) • MKT CAP: $6.25B

macro-sensitivity

0.94

LAST: $161.57 (+0.61%) • MKT CAP: $372.21B

macro-sensitivity

0.87

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

INSTITUTIONAL METRIC	WEX	PG	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	40.40%	51.20%	-10.80	PG	/gross-margins <GO>
Return on Invested Capital (ROIC)	13.60%	25.40%	-11.80	PG	/roic <GO>
EV/EBITDA & P/E Valuation	11.3x	16.2x	-4.90	WEX	/valuation <GO>
Free Cash Flow Yield	5.02%	3.77%	+1.25	WEX	/fcf-yield <GO>
Operating Margin	36.00%	24.30%	+11.70	WEX	/operating-margins <GO>
Net Profit Margin	16.50%	19.00%	-2.50	PG	/net-margins <GO>
Revenue Growth (YoY)	-1.20%	0.30%	-1.50	PG	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	2.65%	-2.65	PG	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	0.83	5.59	-4.76	PG	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	7/9	-1.00	PG	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.70%	6.50%	+0.20	PG	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	50.7	62.7	-12.02	PG	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	0.94	0.87	+0.07	WEX	/macro-sensitivity <GO>
Forward P/E Multiple	19.2x	21.7x	-2.50	WEX	/forward-pe <GO>
Enterprise Scale & Market Cap	$6.25B	$372.21B	-$365.96B	PG	/market-cap <GO>

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

FISCAL YEAR	WEX REV	PG REV	WEX GROSS %	PG GROSS %	WEX FCF	PG FCF
FY 2025	$1.85B	$84.28B	40.4%	51.2%	$313.7M	$14.04B
FY 2024	$1.87B	$84.04B	44.4%	51.4%	$334.1M	$16.52B
FY 2023	$1.84B	$82.01B	44.0%	44.0%	$825.2M	$13.16B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

WEX // BETA 0.94

PG // BETA 0.87