COMP <GO>

DCI vs CAT // DIVIDEND YIELD & FCF PAYOUT SAFETY

Donaldson Company Inc. (NYSE) VS. Caterpillar Inc. (NYSE) • 15-METRIC TALLY: DCI 8 — CAT 7

▲ DIVIDEND YIELD & FCF PAYOUT SAFETY LEADER: DCI

LAST: $82.96 (-2.73%) • MKT CAP: $9.89B

dividend-safety

1.33%

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

dividend-safety

1.05%

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

INSTITUTIONAL METRIC	DCI	CAT	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	34.80%	82.20%	-47.40	CAT	/gross-margins <GO>
Return on Invested Capital (ROIC)	19.50%	21.15%	-1.65	CAT	/roic <GO>
EV/EBITDA & P/E Valuation	18.3x	20.9x	-2.56	DCI	/valuation <GO>
Free Cash Flow Yield	3.44%	3.74%	-0.30	CAT	/fcf-yield <GO>
Operating Margin	13.40%	17.52%	-4.12	CAT	/operating-margins <GO>
Net Profit Margin	9.90%	14.51%	-4.61	CAT	/net-margins <GO>
Revenue Growth (YoY)	1.10%	18.36%	-17.26	CAT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety ACTIVE	1.33%	1.05%	+0.28	DCI	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	7.33	4.34	+2.99	DCI	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	5/9	+1.00	DCI	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.00%	8.46%	-1.46	DCI	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	31.6	23.6	+8.06	DCI	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.04	1.02	+0.02	DCI	/macro-sensitivity <GO>
Forward P/E Multiple	25.0x	26.0x	-0.96	DCI	/forward-pe <GO>
Enterprise Scale & Market Cap	$9.89B	$286.26B	-$276.38B	CAT	/market-cap <GO>

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

FISCAL YEAR	DCI REV	CAT REV	DCI GROSS %	CAT GROSS %	DCI FCF	CAT FCF
FY 2025	$3.69B	$67.59B	34.8%	99.9%	$339.9M	$8.92B
FY 2024	$3.59B	$64.81B	35.5%	100.0%	$406.9M	$10.05B
FY 2023	$0	$67.06B	—	99.8%	$544.5M	$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

DCI // BETA 1.04

CAT // BETA 1.02