COMP <GO>

UGP vs ATO // REVENUE GROWTH (YOY)

Ultrapar Participacoes S.A. (Each representing one Common Share) (NYSE) VS. Atmos Energy Corporation (NYSE) • 15-METRIC TALLY: UGP 0 — ATO 3

■ METRIC PARITY

LAST: $5.81 (-2.68%) • MKT CAP: $6.64B

revenue-growth

—

LAST: $172.41 (+0.78%) • MKT CAP: $28.91B

revenue-growth

12.90%

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

INSTITUTIONAL METRIC	UGP	ATO	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	6.20%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	19.9x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	6.36%	—	TIE	/fcf-yield <GO>
Operating Margin	—	33.20%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	25.50%	—	TIE	/net-margins <GO>
Revenue Growth (YoY) ACTIVE	—	12.90%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	1.92%	-1.92	ATO	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	1.79	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	9/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	26.1	61.4	-35.30	ATO	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.12	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	20.2x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$6.64B	$28.91B	-$22.27B	ATO	/market-cap <GO>

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

FISCAL YEAR	UGP REV	ATO REV	UGP GROSS %	ATO GROSS %	UGP FCF	ATO FCF
FY 2025	—	$4.70B	—	—	—	$1.84B
FY 2024	—	$4.17B	—	—	—	$1.55B
FY 2023	—	$4.28B	—	—	—	$3.27B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

UGP // BETA —

ATO // BETA 1.12