COMP <GO>

EMA vs SO // RETURN ON INVESTED CAPITAL (ROIC)

Emera Incorporated (NYSE) VS. Southern Company (The) (NYSE) • 15-METRIC TALLY: EMA 6 — SO 8

▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: EMA

LAST: $49.29 (-0.18%) • MKT CAP: $15.17B

roic

9.90%

LAST: $93.71 (+0.77%) • MKT CAP: $106.97B

roic

6.90%

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

INSTITUTIONAL METRIC	EMA	SO	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE	9.90%	6.90%	+3.00	EMA	/roic <GO>
EV/EBITDA & P/E Valuation	21.0x	8.5x	+12.50	SO	/valuation <GO>
Free Cash Flow Yield	2.21%	-2.74%	+4.95	EMA	/fcf-yield <GO>
Operating Margin	13.90%	24.70%	-10.80	SO	/operating-margins <GO>
Net Profit Margin	10.90%	14.70%	-3.80	SO	/net-margins <GO>
Revenue Growth (YoY)	4.40%	10.60%	-6.20	SO	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	3.40%	2.82%	+0.58	EMA	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.74	0.98	+2.76	EMA	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	5/9	+3.00	EMA	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	5.90%	5.50%	+0.40	SO	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	59.0	66.6	-7.62	SO	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.71	0.58	+0.13	EMA	/macro-sensitivity <GO>
Forward P/E Multiple	30.5x	22.9x	+7.60	SO	/forward-pe <GO>
Enterprise Scale & Market Cap	$15.17B	$106.97B	-$91.80B	SO	/market-cap <GO>

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

FISCAL YEAR	EMA REV	SO REV	EMA GROSS %	SO GROSS %	EMA FCF	SO FCF
FY 2025	—	$29.55B	—	44.0%	—	-$2.94B
FY 2024	—	$26.72B	—	44.0%	—	$833.0M
FY 2023	—	$25.25B	—	44.0%	—	$6.42B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

EMA // BETA 0.71

SO // BETA 0.58