COMP <GO>

ESLT vs BRK-A // ALTMAN Z-SCORE & DEBT/EQUITY

Elbit Systems Ltd. (NASDAQ) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: ESLT 6 — BRK-A 9

▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: ESLT

LAST: $779.68 (-3.43%) • MKT CAP: $37.55B

balance-sheet

5.02

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

balance-sheet

3.02

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

INSTITUTIONAL METRIC	ESLT	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	24.40%	41.00%	-16.60	BRK-A	/gross-margins <GO>
Return on Invested Capital (ROIC)	15.10%	8.30%	+6.80	ESLT	/roic <GO>
EV/EBITDA & P/E Valuation	42.8x	12.7x	+30.10	BRK-A	/valuation <GO>
Free Cash Flow Yield	1.47%	2.08%	-0.61	BRK-A	/fcf-yield <GO>
Operating Margin	8.50%	33.00%	-24.50	BRK-A	/operating-margins <GO>
Net Profit Margin	6.70%	27.10%	-20.40	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	16.30%	-1.00%	+17.30	ESLT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.30%	0.00%	+0.30	ESLT	/dividend-safety <GO>
Altman Z-Score & Debt/Equity ACTIVE	5.02	3.02	+2.00	ESLT	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	6/9	+2.00	ESLT	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.70%	7.30%	-0.60	ESLT	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	59.7	67.2	-7.45	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.94	1.13	-0.19	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple	59.1x	16.7x	+42.40	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$37.55B	$1.20T	-$1.16T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	ESLT REV	BRK-A REV	ESLT GROSS %	BRK-A GROSS %	ESLT FCF	BRK-A FCF
FY 2025	$7.94B	$247.24B	24.4%	44.0%	$552.8M	$25.04B
FY 2024	$6.83B	$249.71B	24.0%	44.0%	$319.6M	$11.62B
FY 2023	$5.97B	$254.91B	44.0%	44.0%	-$155.2M	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ESLT // BETA 0.94

BRK-A // BETA 1.13