COMP <GO>
ERIE vs RYAN // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Erie Indemnity Company (NASDAQ) VS. Ryan Specialty Holdings Inc. (NYSE) • 15-METRIC TALLY: ERIE 7
— RYAN 4
■ METRIC PARITY
LAST: $261.39 (+4.23%) • MKT CAP: $11.58B
options-implied-move
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LAST: $43.84 (+1.29%) • MKT CAP: $11.07B
options-implied-move
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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ERIE VS. RYAN)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | ERIE | RYAN | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 24.30% | 10.30% | +14.00 | ERIE | /roic <GO> |
| EV/EBITDA & P/E Valuation | 13.3x | 23.4x | -10.10 | ERIE | /valuation <GO> |
| Free Cash Flow Yield | 4.35% | 4.60% | -0.25 | RYAN | /fcf-yield <GO> |
| Operating Margin | 17.60% | 16.50% | +1.10 | ERIE | /operating-margins <GO> |
| Net Profit Margin | 13.80% | 2.10% | +11.70 | ERIE | /net-margins <GO> |
| Revenue Growth (YoY) | 7.20% | 21.90% | -14.70 | RYAN | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.20% | 0.55% | +1.65 | ERIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 6/9 | +2.00 | ERIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 56.4 | 59.2 | -2.80 | RYAN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.89 | 1.04 | -0.15 | RYAN | /macro-sensitivity <GO> |
| Forward P/E Multiple | 19.3x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $11.58B | $11.07B | $512.1M | ERIE | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | ERIE REV | RYAN REV | ERIE GROSS % | RYAN GROSS % | ERIE FCF | RYAN FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $4.07B | $2.99B | — | — | $503.6M | $508.9M |
| FY 2024 | $3.80B | $2.46B | — | — | $440.5M | $404.4M |
| FY 2023 | $3.27B | $2.03B | — | — | $234.1M | $386.0M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
ERIE // BETA 0.89
RYAN // BETA 1.04