COMP <GO>
UWMC vs CLSK // EV/EBITDA & P/E VALUATION
UWM Holdings Corporation (Class A) (NYSE) VS. CleanSpark Inc. (NASDAQ) • 15-METRIC TALLY: UWMC 4
— CLSK 4
■ METRIC PARITY
LAST: $1.57 (+5.37%) • MKT CAP: $2.39B
valuation
—
LAST: $7.67 (-6.46%) • MKT CAP: $2.11B
valuation
7.1x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (UWMC VS. CLSK)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | UWMC | CLSK | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 15.30% | 14.50% | +0.80 | UWMC | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 7.1x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | — | -18.00% | — | TIE | /fcf-yield <GO> |
| Operating Margin | — | 41.60% | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 7.70% | 47.60% | -39.90 | CLSK | /net-margins <GO> |
| Revenue Growth (YoY) | 18.20% | 102.20% | -84.00 | CLSK | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 3.28% | 0.00% | +3.28 | UWMC | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 2/9 | 6/9 | -4.00 | CLSK | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 60.8 | 35.7 | +25.10 | UWMC | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 0.93 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 8.2x | 4.9x | +3.30 | CLSK | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $2.39B | $2.11B | $288.5M | UWMC | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | UWMC REV | CLSK REV | UWMC GROSS % | CLSK GROSS % | UWMC FCF | CLSK FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $3.16B | $766.3M | — | 55.2% | -$2.72B | -$495.5M |
| FY 2024 | $2.67B | $379.0M | — | 56.3% | -$6.28B | -$250.7M |
| FY 2023 | $2.17B | $168.4M | — | — | $165.2M | -$24.8M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
UWMC // BETA —
CLSK // BETA 0.93