COMP <GO>

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

Corning Incorporated (NYSE) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: GLW 5 — BRK-A 9

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

LAST: $123.31 (-4.32%) • MKT CAP: $111.02B

balance-sheet

5.19

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

balance-sheet

3.02

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

INSTITUTIONAL METRIC	GLW	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	36.00%	41.00%	-5.00	BRK-A	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.90%	8.30%	+1.60	GLW	/roic <GO>
EV/EBITDA & P/E Valuation	40.8x	12.7x	+28.10	BRK-A	/valuation <GO>
Free Cash Flow Yield	1.79%	2.08%	-0.29	BRK-A	/fcf-yield <GO>
Operating Margin	14.60%	33.00%	-18.40	BRK-A	/operating-margins <GO>
Net Profit Margin	10.20%	27.10%	-16.90	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	19.10%	-1.00%	+20.10	GLW	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity ACTIVE	5.19	3.02	+2.17	GLW	/balance-sheet <GO>
Piotroski F-Score Quality	9/9	6/9	+3.00	GLW	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.00%	7.30%	-0.30	GLW	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	35.9	67.2	-31.23	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.02	1.13	-0.11	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple	58.5x	16.7x	+41.80	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$111.02B	$1.20T	-$1.09T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	GLW REV	BRK-A REV	GLW GROSS %	BRK-A GROSS %	GLW FCF	BRK-A FCF
FY 2025	$15.63B	$247.24B	36.0%	44.0%	$1.99B	$25.04B
FY 2024	$13.12B	$249.71B	32.6%	44.0%	$1.35B	$11.62B
FY 2023	$12.59B	$254.91B	44.0%	44.0%	$1.44B	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

GLW // BETA 1.02

BRK-A // BETA 1.13