COMP <GO>
UPST vs MARA // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Upstart Holdings Inc. (NASDAQ) VS. MARA Holdings Inc. (NASDAQ) • 15-METRIC TALLY: UPST 7
— MARA 3
■ METRIC PARITY
LAST: $23.02 (-7.33%) • MKT CAP: $2.42B
options-implied-move
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LAST: $6.77 (-5.51%) • MKT CAP: $2.77B
options-implied-move
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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (UPST VS. MARA)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | UPST | MARA | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 3.20% | -15.80% | +19.00 | UPST | /roic <GO> |
| EV/EBITDA & P/E Valuation | 62.4x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -6.13% | -18.00% | +11.87 | UPST | /fcf-yield <GO> |
| Operating Margin | 4.10% | -60.00% | +64.10 | UPST | /operating-margins <GO> |
| Net Profit Margin | 5.10% | -60.00% | +65.10 | UPST | /net-margins <GO> |
| Revenue Growth (YoY) | 64.00% | -39.20% | +103.20 | UPST | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 4/9 | +1.00 | UPST | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 53.3 | 33.6 | +19.70 | UPST | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.92 | 1.03 | -0.11 | MARA | /macro-sensitivity <GO> |
| Forward P/E Multiple | 37.9x | 27.0x | +10.90 | MARA | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $2.42B | $2.77B | -$350.6M | MARA | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | UPST REV | MARA REV | UPST GROSS % | MARA GROSS % | UPST FCF | MARA FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.04B | $58.7M | — | — | -$148.1M | -$1.21B |
| FY 2024 | $636.5M | $96.5M | — | — | $185.5M | -$927.8M |
| FY 2023 | $513.6M | $57.7M | — | — | -$134.8M | -$318.2M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
UPST // BETA 0.92
MARA // BETA 1.03