COMP <GO>

EXC vs CEG // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Exelon Corporation (NASDAQ) VS. Constellation Energy Corporation Common Stock (NASDAQ) • 15-METRIC TALLY: EXC 7 — CEG 7

▲ OPTIONS IMPLIED MOVE & PUT/CALL SKEW LEADER: EXC

LAST: $46.16 (+0.54%) • MKT CAP: $47.39B

options-implied-move

5.70%

LAST: $262.38 (-0.83%) • MKT CAP: $93.74B

options-implied-move

5.90%

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

INSTITUTIONAL METRIC	EXC	CEG	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	5.40%	13.40%	-8.00	CEG	/roic <GO>
EV/EBITDA & P/E Valuation	7.6x	17.4x	-9.80	EXC	/valuation <GO>
Free Cash Flow Yield	-4.80%	1.37%	-6.17	CEG	/fcf-yield <GO>
Operating Margin	21.20%	13.60%	+7.60	EXC	/operating-margins <GO>
Net Profit Margin	16.60%	10.20%	+6.40	EXC	/net-margins <GO>
Revenue Growth (YoY)	5.30%	19.50%	-14.20	CEG	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	3.41%	0.52%	+2.89	EXC	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	0.76	2.13	-1.37	CEG	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	8/9	-3.00	CEG	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	5.70%	5.90%	-0.20	EXC	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	73.5	46.6	+26.84	EXC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.66	0.71	-0.05	CEG	/macro-sensitivity <GO>
Forward P/E Multiple	11.0x	33.9x	-22.90	EXC	/forward-pe <GO>
Enterprise Scale & Market Cap	$47.39B	$93.74B	-$46.35B	CEG	/market-cap <GO>

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

FISCAL YEAR	EXC REV	CEG REV	EXC GROSS %	CEG GROSS %	EXC FCF	CEG FCF
FY 2025	$24.26B	$22.66B	44.0%	44.0%	-$2.27B	$1.29B
FY 2024	$23.03B	$18.96B	44.0%	44.0%	-$1.53B	-$5.03B
FY 2023	$21.73B	$20.84B	44.0%	44.0%	$3.73B	-$6.24B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

EXC // BETA 0.66

CEG // BETA 0.71