COMP <GO>

ECL vs MA // DIVIDEND YIELD & FCF PAYOUT SAFETY

Ecolab Inc. (NYSE) VS. Mastercard Incorporated (NYSE) • 15-METRIC TALLY: ECL 5 — MA 9

▲ DIVIDEND YIELD & FCF PAYOUT SAFETY LEADER: ECL

LAST: $302.98 (+0.70%) • MKT CAP: $84.34B

dividend-safety

0.89%

LAST: $638.01 (+0.36%) • MKT CAP: $556.88B

dividend-safety

0.49%

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

INSTITUTIONAL METRIC	ECL	MA	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	44.50%	41.00%	+3.50	ECL	/gross-margins <GO>
Return on Invested Capital (ROIC)	14.10%	33.50%	-19.40	MA	/roic <GO>
EV/EBITDA & P/E Valuation	24.8x	29.2x	-4.40	ECL	/valuation <GO>
Free Cash Flow Yield	2.26%	3.08%	-0.82	MA	/fcf-yield <GO>
Operating Margin	17.00%	57.60%	-40.60	MA	/operating-margins <GO>
Net Profit Margin	12.90%	45.60%	-32.70	MA	/net-margins <GO>
Revenue Growth (YoY)	2.20%	16.40%	-14.20	MA	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety ACTIVE	0.89%	0.49%	+0.40	ECL	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	5.16	11.17	-6.01	MA	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	8/9	-1.00	MA	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.60%	6.60%	0.00	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	73.1	70.6	+2.48	ECL	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.92	0.90	+0.02	ECL	/macro-sensitivity <GO>
Forward P/E Multiple	37.8x	31.2x	+6.60	MA	/forward-pe <GO>
Enterprise Scale & Market Cap	$84.34B	$556.88B	-$472.54B	MA	/market-cap <GO>

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

FISCAL YEAR	ECL REV	MA REV	ECL GROSS %	MA GROSS %	ECL FCF	MA FCF
FY 2025	$16.08B	$32.79B	44.5%	44.0%	$1.90B	$17.16B
FY 2024	$15.74B	$28.17B	43.5%	44.0%	$1.82B	$14.31B
FY 2023	$15.32B	$25.10B	44.0%	44.0%	$1.72B	$10.85B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ECL // BETA 0.92

MA // BETA 0.90