COMP <GO>

OCTV vs DUOL // RETURN ON INVESTED CAPITAL (ROIC)

Octave Intelligence plc (Class B) (NASDAQ) VS. Duolingo Inc. (NASDAQ) • 15-METRIC TALLY: OCTV 1 — DUOL 1

■ METRIC PARITY

LAST: $21.16 (-2.53%) • MKT CAP: $5.83B

roic

—

LAST: $135.27 (+2.80%) • MKT CAP: $6.16B

roic

18.40%

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

INSTITUTIONAL METRIC	OCTV	DUOL	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	72.20%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE	—	18.40%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	37.2x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	5.79%	—	TIE	/fcf-yield <GO>
Operating Margin	—	13.10%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	39.90%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	38.70%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	7.42	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	8/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	62.7	40.6	+22.10	OCTV	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.30	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	12.9x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$5.83B	$6.16B	-$328.8M	DUOL	/market-cap <GO>

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

FISCAL YEAR	OCTV REV	DUOL REV	OCTV GROSS %	DUOL GROSS %	OCTV FCF	DUOL FCF
FY 2025	$3.65B	$1.04B	—	72.2%	—	$369.7M
FY 2024	—	$748.0M	—	72.8%	—	$273.4M
FY 2023	—	$531.1M	—	—	—	$129.7M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

OCTV // BETA —

DUOL // BETA 1.30