COMP <GO>

DHR vs BRK-A // FORWARD P/E MULTIPLE

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

▲ FORWARD P/E MULTIPLE LEADER: BRK-A

LAST: $232.23 (-2.00%) • MKT CAP: $166.72B

forward-pe

42.9x

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

forward-pe

16.7x

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

INSTITUTIONAL METRIC	DHR	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	59.10%	41.00%	+18.10	DHR	/gross-margins <GO>
Return on Invested Capital (ROIC)	6.10%	8.30%	-2.20	BRK-A	/roic <GO>
EV/EBITDA & P/E Valuation	30.9x	12.7x	+18.20	BRK-A	/valuation <GO>
Free Cash Flow Yield	3.15%	2.08%	+1.07	DHR	/fcf-yield <GO>
Operating Margin	19.10%	33.00%	-13.90	BRK-A	/operating-margins <GO>
Net Profit Margin	14.70%	27.10%	-12.40	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	2.90%	-1.00%	+3.90	DHR	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.53%	0.00%	+0.53	DHR	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.85	3.02	+0.83	DHR	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	6/9	+1.00	DHR	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.60%	7.30%	-0.70	DHR	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	58.1	67.2	-9.05	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.90	1.13	-0.23	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	42.9x	16.7x	+26.20	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$166.72B	$1.20T	-$1.04T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	DHR REV	BRK-A REV	DHR GROSS %	BRK-A GROSS %	DHR FCF	BRK-A FCF
FY 2025	$24.57B	$247.24B	59.1%	44.0%	$5.26B	$25.04B
FY 2024	$23.88B	$249.71B	59.5%	44.0%	$5.30B	$11.62B
FY 2023	$23.89B	$254.91B	44.0%	44.0%	$6.09B	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

DHR // BETA 0.90

BRK-A // BETA 1.13