COMP <GO>

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

Berkshire Hathaway Inc. (NYSE) VS. Thermo Fisher Scientific Inc (NYSE) • 15-METRIC TALLY: BRK-A 7 — TMO 7

▲ PIOTROSKI F-SCORE QUALITY LEADER: TMO

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

piotroski-score

6/9

LAST: $697.00 (-1.72%) • MKT CAP: $262.22B

piotroski-score

8/9

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

INSTITUTIONAL METRIC	BRK-A	TMO	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%	9.30%	-1.00	TMO	/roic <GO>
EV/EBITDA & P/E Valuation	12.7x	30.4x	-17.70	BRK-A	/valuation <GO>
Free Cash Flow Yield	2.08%	2.40%	-0.32	TMO	/fcf-yield <GO>
Operating Margin	33.00%	17.40%	+15.60	BRK-A	/operating-margins <GO>
Net Profit Margin	27.10%	15.10%	+12.00	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	-1.00%	3.90%	-4.90	TMO	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.24%	-0.24	TMO	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.02	4.50	-1.48	TMO	/balance-sheet <GO>
Piotroski F-Score Quality ACTIVE	6/9	8/9	-2.00	TMO	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.30%	6.70%	+0.60	TMO	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	67.2	59.1	+8.02	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.13	0.94	+0.19	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple	16.7x	36.3x	-19.60	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.20T	$262.22B	$940.22B	BRK-A	/market-cap <GO>

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

FISCAL YEAR	BRK-A REV	TMO REV	BRK-A GROSS %	TMO GROSS %	BRK-A FCF	TMO FCF
FY 2025	$247.24B	$44.56B	44.0%	44.0%	$25.04B	$6.29B
FY 2024	$249.71B	$42.88B	44.0%	44.0%	$11.62B	$7.27B
FY 2023	$254.91B	$42.86B	44.0%	44.0%	$37.73B	$6.48B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

BRK-A // BETA 1.13

TMO // BETA 0.94