COMP <GO>

ACHR vs BRK-A // PIOTROSKI F-SCORE QUALITY

Archer Aviation Inc. (NYSE) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: ACHR 2 — BRK-A 11

▲ PIOTROSKI F-SCORE QUALITY LEADER: BRK-A

LAST: $4.20 (-4.11%) • MKT CAP: $3.41B

piotroski-score

3/9

LAST: $815,600.00 (-0.23%) • MKT CAP: $1.20T

piotroski-score

6/9

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ACHR VS. BRK-A) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	ACHR	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	33.30%	41.00%	-7.70	BRK-A	/gross-margins <GO>
Return on Invested Capital (ROIC)	-35.00%	8.30%	-43.30	BRK-A	/roic <GO>
EV/EBITDA & P/E Valuation	—	12.7x	—	TIE	/valuation <GO>
Free Cash Flow Yield	-15.01%	2.08%	-17.09	BRK-A	/fcf-yield <GO>
Operating Margin	-60.00%	33.00%	-93.00	BRK-A	/operating-margins <GO>
Net Profit Margin	-60.00%	27.10%	-87.10	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	-3.30%	-1.00%	-2.30	BRK-A	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	6.45	3.02	+3.43	ACHR	/balance-sheet <GO>
Piotroski F-Score Quality ACTIVE	3/9	6/9	-3.00	BRK-A	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.60%	7.30%	-0.70	ACHR	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	41.9	67.2	-25.28	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.90	1.13	-0.23	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple	18.0x	16.7x	+1.30	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$3.41B	$1.20T	-$1.20T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	ACHR REV	BRK-A REV	ACHR GROSS %	BRK-A GROSS %	ACHR FCF	BRK-A FCF
FY 2025	$300.0K	$247.24B	33.3%	44.0%	-$511.7M	$25.04B
FY 2024	$0	$249.71B	—	44.0%	-$450.6M	$11.62B
FY 2023	$0	$254.91B	—	44.0%	-$271.6M	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ACHR // BETA 0.90

BRK-A // BETA 1.13