COMP <GO>

BBUC vs AGX // EV/EBITDA & P/E VALUATION

Brookfield Business Corporation Class A Subordinate Voting Shares (NYSE) VS. Argan Inc. (NYSE) • 15-METRIC TALLY: BBUC 2 — AGX 1

■ METRIC PARITY

LAST: $28.60 (-0.28%) • MKT CAP: $5.96B

valuation

—

LAST: $344.11 (-3.57%) • MKT CAP: $5.01B

valuation

36.0x

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

INSTITUTIONAL METRIC	BBUC	AGX	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	20.50%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	24.90%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	36.0x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	8.21%	—	TIE	/fcf-yield <GO>
Operating Margin	—	14.30%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	14.60%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	8.10%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.48%	-0.48	AGX	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	6.22	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	8/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	67.1	45.8	+21.30	BBUC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	1.00	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	33.8x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$5.96B	$5.01B	$956.0M	BBUC	/market-cap <GO>

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

FISCAL YEAR	BBUC REV	AGX REV	BBUC GROSS %	AGX GROSS %	BBUC FCF	AGX FCF
FY 2025	—	$944.6M	—	20.5%	—	$410.8M
FY 2024	—	$874.2M	—	16.1%	—	$161.0M
FY 2023	—	$573.3M	—	—	—	$91.1M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

BBUC // BETA —

AGX // BETA 1.00