COMP <GO>

CMI vs BRK-A // RETURN ON INVESTED CAPITAL (ROIC)

Cummins Inc. (NYSE) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: CMI 5 — BRK-A 9

▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: CMI

LAST: $500.09 (-3.46%) • MKT CAP: $71.31B

roic

17.50%

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

roic

8.30%

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

INSTITUTIONAL METRIC	CMI	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	25.30%	41.00%	-15.70	BRK-A	/gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE	17.50%	8.30%	+9.20	CMI	/roic <GO>
EV/EBITDA & P/E Valuation	15.2x	12.7x	+2.50	BRK-A	/valuation <GO>
Free Cash Flow Yield	3.35%	2.08%	+1.27	CMI	/fcf-yield <GO>
Operating Margin	12.00%	33.00%	-21.00	BRK-A	/operating-margins <GO>
Net Profit Margin	9.30%	27.10%	-17.80	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	-1.30%	-1.00%	-0.30	BRK-A	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	1.48%	0.00%	+1.48	CMI	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	4.65	3.02	+1.63	CMI	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	6/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.10%	7.30%	-0.20	CMI	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	36.2	67.2	-30.99	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.05	1.13	-0.08	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple	21.1x	16.7x	+4.40	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$71.31B	$1.20T	-$1.13T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	CMI REV	BRK-A REV	CMI GROSS %	BRK-A GROSS %	CMI FCF	BRK-A FCF
FY 2025	$33.67B	$247.24B	25.3%	44.0%	$2.39B	$25.04B
FY 2024	$34.10B	$249.71B	24.7%	44.0%	$279.0M	$11.62B
FY 2023	$34.06B	$254.91B	44.0%	44.0%	$2.43B	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CMI // BETA 1.05

BRK-A // BETA 1.13