COMP <GO>

FIX vs TMO // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Comfort Systems USA Inc. (NYSE) VS. Thermo Fisher Scientific Inc (NYSE) • 15-METRIC TALLY: FIX 3 — TMO 12

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

LAST: $1,232.66 (-7.06%) • MKT CAP: $46.40B

options-implied-move

7.30%

LAST: $697.00 (-1.72%) • MKT CAP: $262.22B

options-implied-move

6.70%

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

INSTITUTIONAL METRIC	FIX	TMO	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	22.00%	41.00%	-19.00	TMO	/gross-margins <GO>
Return on Invested Capital (ROIC)	4.50%	9.30%	-4.80	TMO	/roic <GO>
EV/EBITDA & P/E Valuation	95.0x	30.4x	+64.60	TMO	/valuation <GO>
Free Cash Flow Yield	2.22%	2.40%	-0.18	TMO	/fcf-yield <GO>
Operating Margin	11.40%	17.40%	-6.00	TMO	/operating-margins <GO>
Net Profit Margin	55.80%	15.10%	+40.70	FIX	/net-margins <GO>
Revenue Growth (YoY)	-65.00%	3.90%	-68.90	TMO	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.15%	0.24%	-0.09	TMO	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	8.06	4.50	+3.56	FIX	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	8/9	-1.00	TMO	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	7.30%	6.70%	+0.60	TMO	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	33.5	59.1	-25.68	TMO	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.13	0.94	+0.19	FIX	/macro-sensitivity <GO>
Forward P/E Multiple	42.2x	36.3x	+5.90	TMO	/forward-pe <GO>
Enterprise Scale & Market Cap	$46.40B	$262.22B	-$215.82B	TMO	/market-cap <GO>

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

FISCAL YEAR	FIX REV	TMO REV	FIX GROSS %	TMO GROSS %	FIX FCF	TMO FCF
FY 2025	$1.83B	$44.56B	22.0%	44.0%	$1.03B	$6.29B
FY 2024	$7.03B	$42.88B	21.0%	44.0%	$738.0M	$7.27B
FY 2023	$5.21B	$42.86B	44.0%	44.0%	$405.3M	$6.48B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

FIX // BETA 1.13

TMO // BETA 0.94