COMP <GO>

AWK vs CEG // PIOTROSKI F-SCORE QUALITY

American Water Works Company Inc. (NYSE) VS. Constellation Energy Corporation Common Stock (NASDAQ) • 15-METRIC TALLY: AWK 7 — CEG 7

▲ PIOTROSKI F-SCORE QUALITY LEADER: CEG

LAST: $144.37 (+1.52%) • MKT CAP: $28.31B

piotroski-score

7/9

LAST: $262.38 (-0.83%) • MKT CAP: $93.74B

piotroski-score

8/9

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

INSTITUTIONAL METRIC	AWK	CEG	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	8.30%	13.40%	-5.10	CEG	/roic <GO>
EV/EBITDA & P/E Valuation	7.8x	17.4x	-9.60	AWK	/valuation <GO>
Free Cash Flow Yield	-3.77%	1.37%	-5.14	CEG	/fcf-yield <GO>
Operating Margin	36.70%	13.60%	+23.10	AWK	/operating-margins <GO>
Net Profit Margin	21.70%	10.20%	+11.50	AWK	/net-margins <GO>
Revenue Growth (YoY)	10.10%	19.50%	-9.40	CEG	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.24%	0.52%	+1.72	AWK	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	1.33	2.13	-0.80	CEG	/balance-sheet <GO>
Piotroski F-Score Quality ACTIVE	7/9	8/9	-1.00	CEG	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	5.60%	5.90%	-0.30	AWK	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	68.5	46.6	+21.90	AWK	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.61	0.71	-0.10	CEG	/macro-sensitivity <GO>
Forward P/E Multiple	23.7x	33.9x	-10.20	AWK	/forward-pe <GO>
Enterprise Scale & Market Cap	$28.31B	$93.74B	-$65.43B	CEG	/market-cap <GO>

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

FISCAL YEAR	AWK REV	CEG REV	AWK GROSS %	CEG GROSS %	AWK FCF	CEG FCF
FY 2025	$5.12B	$22.66B	44.0%	44.0%	-$1.07B	$1.29B
FY 2024	$4.65B	$18.96B	44.0%	44.0%	-$811.0M	-$5.03B
FY 2023	$4.22B	$20.84B	44.0%	44.0%	$1.68B	-$6.24B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

AWK // BETA 0.61

CEG // BETA 0.71