COMP <GO>

CMC vs RIO // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Commercial Metals Company (NYSE) VS. Rio Tinto Plc (NYSE) • 15-METRIC TALLY: CMC 5 — RIO 10

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

LAST: $63.98 (-2.62%) • MKT CAP: $7.23B

options-implied-move

6.70%

LAST: $81.89 (-1.63%) • MKT CAP: $104.57B

options-implied-move

7.00%

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

INSTITUTIONAL METRIC	CMC	RIO	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	-30.00%	41.00%	-71.00	RIO	/gross-margins <GO>
Return on Invested Capital (ROIC)	1.50%	9.90%	-8.40	RIO	/roic <GO>
EV/EBITDA & P/E Valuation	18.4x	21.0x	-2.60	CMC	/valuation <GO>
Free Cash Flow Yield	4.32%	2.21%	+2.11	CMC	/fcf-yield <GO>
Operating Margin	5.10%	13.90%	-8.80	RIO	/operating-margins <GO>
Net Profit Margin	4.20%	10.90%	-6.70	RIO	/net-margins <GO>
Revenue Growth (YoY)	0.00%	1.10%	-1.10	RIO	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	1.13%	0.00%	+1.13	CMC	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	2.40	3.74	-1.34	RIO	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	7/9	-1.00	RIO	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	6.70%	7.00%	-0.30	CMC	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	47.6	25.2	+22.41	CMC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.95	1.02	-0.07	RIO	/macro-sensitivity <GO>
Forward P/E Multiple	79.3x	30.5x	+48.80	RIO	/forward-pe <GO>
Enterprise Scale & Market Cap	$7.23B	$104.57B	-$97.34B	RIO	/market-cap <GO>

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

FISCAL YEAR	CMC REV	RIO REV	CMC GROSS %	RIO GROSS %	CMC FCF	RIO FCF
FY 2025	$0	—	—	—	$312.2M	—
FY 2024	$0	—	—	—	$575.4M	—
FY 2023	$0	—	—	—	$1.34B	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CMC // BETA 0.95

RIO // BETA 1.02