COMP <GO>

BWXT vs CAT // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

BWX Technologies Inc. (NYSE) VS. Caterpillar Inc. (NYSE) • 15-METRIC TALLY: BWXT 4 — CAT 11

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

LAST: $130.70 (-5.24%) • MKT CAP: $12.64B

options-implied-move

6.70%

LAST: $622.75 (-3.81%) • MKT CAP: $286.26B

options-implied-move

8.46%

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

INSTITUTIONAL METRIC	BWXT	CAT	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	22.90%	82.20%	-59.30	CAT	/gross-margins <GO>
Return on Invested Capital (ROIC)	11.60%	21.15%	-9.55	CAT	/roic <GO>
EV/EBITDA & P/E Valuation	25.2x	20.9x	+4.34	CAT	/valuation <GO>
Free Cash Flow Yield	2.34%	3.74%	-1.40	CAT	/fcf-yield <GO>
Operating Margin	12.60%	17.52%	-4.92	CAT	/operating-margins <GO>
Net Profit Margin	10.30%	14.51%	-4.21	CAT	/net-margins <GO>
Revenue Growth (YoY)	18.30%	18.36%	-0.06	CAT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.73%	1.05%	-0.32	CAT	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	4.63	4.34	+0.29	BWXT	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	5/9	+2.00	BWXT	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	6.70%	8.46%	-1.76	BWXT	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	40.7	23.6	+17.10	BWXT	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.95	1.02	-0.07	CAT	/macro-sensitivity <GO>
Forward P/E Multiple	32.3x	26.0x	+6.34	CAT	/forward-pe <GO>
Enterprise Scale & Market Cap	$12.64B	$286.26B	-$273.63B	CAT	/market-cap <GO>

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

FISCAL YEAR	BWXT REV	CAT REV	BWXT GROSS %	CAT GROSS %	BWXT FCF	CAT FCF
FY 2025	$3.20B	$67.59B	22.9%	99.9%	$295.3M	$8.92B
FY 2024	$2.70B	$64.81B	24.2%	100.0%	$254.8M	$10.05B
FY 2023	$2.50B	$67.06B	44.0%	99.8%	$251.4M	$11.29B
FY 2022	—	$59.43B	—	99.3%	—	$6.47B
FY 2021	—	$50.97B	—	30.3%	—	$6.11B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

BWXT // BETA 0.95

CAT // BETA 1.02