COMP <GO>
WAY vs BILI // DIVIDEND YIELD & FCF PAYOUT SAFETY
Waystar Holding Corp. (NASDAQ) VS. Bilibili Inc. (NASDAQ) • 15-METRIC TALLY: WAY 6
— BILI 6
■ METRIC PARITY
LAST: $28.14 (+0.50%) • MKT CAP: $5.37B
dividend-safety
0.00%
LAST: $13.51 (+6.55%) • MKT CAP: $5.28B
dividend-safety
0.00%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (WAY VS. BILI)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | WAY | BILI | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | 36.60% | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 3.70% | 10.90% | -7.20 | BILI | /roic <GO> |
| EV/EBITDA & P/E Valuation | 23.4x | 19.3x | +4.10 | BILI | /valuation <GO> |
| Free Cash Flow Yield | 4.81% | 17.69% | -12.88 | BILI | /fcf-yield <GO> |
| Operating Margin | 22.70% | 3.70% | +19.00 | WAY | /operating-margins <GO> |
| Net Profit Margin | 10.20% | 3.90% | +6.30 | WAY | /net-margins <GO> |
| Revenue Growth (YoY) | 16.50% | 18.10% | -1.60 | BILI | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety ACTIVE | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.03 | 2.13 | -0.10 | BILI | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 8/9 | +1.00 | WAY | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 54.7 | 27.5 | +27.20 | WAY | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.39 | 1.30 | +0.09 | WAY | /macro-sensitivity <GO> |
| Forward P/E Multiple | 40.6x | 26.4x | +14.20 | BILI | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.37B | $5.28B | $86.2M | WAY | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | WAY REV | BILI REV | WAY GROSS % | BILI GROSS % | WAY FCF | BILI FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.10B | $4.34B | — | 36.6% | $260.2M | $948.7M |
| FY 2024 | $943.5M | $3.68B | — | 32.7% | $127.3M | $760.3M |
| FY 2023 | $791.0M | $3.17B | — | — | $15.9M | -$105.2M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
WAY // BETA 1.39
BILI // BETA 1.30