COMP <GO>

ASH vs NPT // OPERATING MARGIN

Ashland Inc. (NYSE) VS. Texxon Holding Limited (NASDAQ) • 15-METRIC TALLY: ASH 4 — NPT 2

▲ OPERATING MARGIN LEADER: NPT

LAST: $74.38 (+2.35%) • MKT CAP: $3.41B

operating-margins

-42.50%

LAST: $1.85 (-0.54%) • MKT CAP: $41.0M

operating-margins

-0.10%

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

INSTITUTIONAL METRIC	ASH	NPT	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	30.10%	0.60%	+29.50	ASH	/gross-margins <GO>
Return on Invested Capital (ROIC)	-20.70%	—	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	—	—	TIE	/fcf-yield <GO>
Operating Margin ACTIVE	-42.50%	-0.10%	-42.40	NPT	/operating-margins <GO>
Net Profit Margin	—	-0.10%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	-13.70%	18.50%	-32.20	NPT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.23%	0.00%	+2.23	ASH	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	3/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	66.2	37.5	+28.67	ASH	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$3.41B	$41.0M	$3.37B	ASH	/market-cap <GO>

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

FISCAL YEAR	ASH REV	NPT REV	ASH GROSS %	NPT GROSS %	ASH FCF	NPT FCF
FY 2025	$1.82B	$797.1M	30.1%	0.6%	—	-$42.8M
FY 2024	$2.11B	$672.7M	29.2%	0.7%	—	-$64.1M
FY 2023	$2.19B	$552.5M	—	—	—	-$14.2M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ASH // BETA —

NPT // BETA —