COMP <GO>

EXPD vs BRK-A // RETURN ON INVESTED CAPITAL (ROIC)

Expeditors International of Washington Inc. (NYSE) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: EXPD 6 — BRK-A 8

▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: EXPD

LAST: $198.85 (+0.23%) • MKT CAP: $25.79B

roic

40.30%

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

roic

8.30%

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

INSTITUTIONAL METRIC	EXPD	BRK-A	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	40.30%	8.30%	+32.00	EXPD	/roic <GO>
EV/EBITDA & P/E Valuation	17.3x	12.7x	+4.60	BRK-A	/valuation <GO>
Free Cash Flow Yield	1.97%	2.08%	-0.11	BRK-A	/fcf-yield <GO>
Operating Margin	9.50%	33.00%	-23.50	BRK-A	/operating-margins <GO>
Net Profit Margin	7.30%	27.10%	-19.80	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	4.40%	-1.00%	+5.40	EXPD	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.80%	0.00%	+0.80	EXPD	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	10.70	3.02	+7.68	EXPD	/balance-sheet <GO>
Piotroski F-Score Quality	9/9	6/9	+3.00	EXPD	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.50%	7.30%	-0.80	EXPD	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	60.1	67.2	-7.04	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.89	1.13	-0.24	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple	29.6x	16.7x	+12.90	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$25.79B	$1.20T	-$1.18T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	EXPD REV	BRK-A REV	EXPD GROSS %	BRK-A GROSS %	EXPD FCF	BRK-A FCF
FY 2025	$11.07B	$247.24B	44.0%	44.0%	$508.4M	$25.04B
FY 2024	$10.60B	$249.71B	44.0%	44.0%	$246.3M	$11.62B
FY 2023	$9.30B	$254.91B	44.0%	44.0%	$634.7M	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

EXPD // BETA 0.89

BRK-A // BETA 1.13