COMP <GO>

AWK vs DUK // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

American Water Works Company Inc. (NYSE) VS. Duke Energy Corporation (Holding Company) (NYSE) • 15-METRIC TALLY: AWK 8 — DUK 6

▲ OPTIONS IMPLIED MOVE & PUT/CALL SKEW LEADER: AWK

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

options-implied-move

5.60%

LAST: $127.39 (+1.18%) • MKT CAP: $98.16B

options-implied-move

6.10%

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

INSTITUTIONAL METRIC	AWK	DUK	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%	5.20%	+3.10	AWK	/roic <GO>
EV/EBITDA & P/E Valuation	7.8x	8.7x	-0.90	AWK	/valuation <GO>
Free Cash Flow Yield	-3.77%	-1.73%	-2.04	DUK	/fcf-yield <GO>
Operating Margin	36.70%	31.40%	+5.30	AWK	/operating-margins <GO>
Net Profit Margin	21.70%	18.10%	+3.60	AWK	/net-margins <GO>
Revenue Growth (YoY)	10.10%	3.30%	+6.80	AWK	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.24%	3.40%	-1.16	DUK	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	1.33	0.89	+0.44	AWK	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	5/9	+2.00	AWK	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	5.60%	6.10%	-0.50	AWK	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	68.5	69.7	-1.16	DUK	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.61	0.76	-0.15	DUK	/macro-sensitivity <GO>
Forward P/E Multiple	23.7x	18.4x	+5.30	DUK	/forward-pe <GO>
Enterprise Scale & Market Cap	$28.31B	$98.16B	-$69.85B	DUK	/market-cap <GO>

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

FISCAL YEAR	AWK REV	DUK REV	AWK GROSS %	DUK GROSS %	AWK FCF	DUK FCF
FY 2025	$5.12B	$0	44.0%	—	-$1.07B	-$1.69B
FY 2024	$4.65B	$0	44.0%	—	-$811.0M	$48.0M
FY 2023	$4.22B	$0	44.0%	—	$1.68B	$9.88B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

AWK // BETA 0.61

DUK // BETA 0.76