COMP <GO>

CGNX vs BRK-A // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Cognex Corporation (NASDAQ) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: CGNX 8 — BRK-A 7

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

LAST: $56.15 (-4.78%) • MKT CAP: $9.92B

options-implied-move

6.50%

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

options-implied-move

7.30%

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

INSTITUTIONAL METRIC	CGNX	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	66.90%	41.00%	+25.90	CGNX	/gross-margins <GO>
Return on Invested Capital (ROIC)	8.90%	8.30%	+0.60	CGNX	/roic <GO>
EV/EBITDA & P/E Valuation	58.1x	12.7x	+45.40	BRK-A	/valuation <GO>
Free Cash Flow Yield	2.39%	2.08%	+0.31	CGNX	/fcf-yield <GO>
Operating Margin	16.30%	33.00%	-16.70	BRK-A	/operating-margins <GO>
Net Profit Margin	11.50%	27.10%	-15.60	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	8.70%	-1.00%	+9.70	CGNX	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.55%	0.00%	+0.55	CGNX	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	12.69	3.02	+9.67	CGNX	/balance-sheet <GO>
Piotroski F-Score Quality	9/9	6/9	+3.00	CGNX	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	6.50%	7.30%	-0.80	CGNX	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	44.0	67.2	-23.16	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.88	1.13	-0.25	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple	80.6x	16.7x	+63.90	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$9.92B	$1.20T	-$1.19T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	CGNX REV	BRK-A REV	CGNX GROSS %	BRK-A GROSS %	CGNX FCF	BRK-A FCF
FY 2025	$994.4M	$247.24B	66.9%	44.0%	$236.8M	$25.04B
FY 2024	$914.5M	$249.71B	68.4%	44.0%	$134.0M	$11.62B
FY 2023	$837.5M	$254.91B	44.0%	44.0%	$75.2M	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CGNX // BETA 0.88

BRK-A // BETA 1.13