COMP <GO>

CNH vs BRK-A // 10Y YIELD & FRED MACRO BETA

CNH Industrial N.V. (NYSE) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: CNH 3 — BRK-A 12

▲ 10Y YIELD & FRED MACRO BETA LEADER: BRK-A

LAST: $11.76 (+4.16%) • MKT CAP: $13.97B

macro-sensitivity

0.99

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

macro-sensitivity

1.13

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

INSTITUTIONAL METRIC	CNH	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	19.30%	41.00%	-21.70	BRK-A	/gross-margins <GO>
Return on Invested Capital (ROIC)	2.50%	8.30%	-5.80	BRK-A	/roic <GO>
EV/EBITDA & P/E Valuation	21.6x	12.7x	+8.90	BRK-A	/valuation <GO>
Free Cash Flow Yield	13.22%	2.08%	+11.14	CNH	/fcf-yield <GO>
Operating Margin	4.10%	33.00%	-28.90	BRK-A	/operating-margins <GO>
Net Profit Margin	3.30%	27.10%	-23.80	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	-10.00%	-1.00%	-9.00	BRK-A	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.38%	0.00%	+2.38	CNH	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	1.13	3.02	-1.89	BRK-A	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	6/9	-1.00	BRK-A	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.90%	7.30%	-0.40	CNH	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	47.7	67.2	-19.47	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	0.99	1.13	-0.14	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple	25.5x	16.7x	+8.80	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$13.97B	$1.20T	-$1.19T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	CNH REV	BRK-A REV	CNH GROSS %	BRK-A GROSS %	CNH FCF	BRK-A FCF
FY 2025	$15.35B	$247.24B	19.3%	44.0%	$1.85B	$25.04B
FY 2024	$17.06B	$249.71B	21.7%	44.0%	$1.20B	$11.62B
FY 2023	$22.08B	$254.91B	44.0%	44.0%	-$86.6M	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CNH // BETA 0.99

BRK-A // BETA 1.13