COMP <GO>

HEI vs BRK-A // FORWARD P/E MULTIPLE

Heico Corporation (NYSE) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: HEI 6 — BRK-A 9

▲ FORWARD P/E MULTIPLE LEADER: BRK-A

LAST: $321.36 (-1.53%) • MKT CAP: $45.61B

forward-pe

55.5x

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

forward-pe

16.7x

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

INSTITUTIONAL METRIC	HEI	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	39.80%	41.00%	-1.20	BRK-A	/gross-margins <GO>
Return on Invested Capital (ROIC)	13.60%	8.30%	+5.30	HEI	/roic <GO>
EV/EBITDA & P/E Valuation	43.5x	12.7x	+30.80	BRK-A	/valuation <GO>
Free Cash Flow Yield	1.89%	2.08%	-0.19	BRK-A	/fcf-yield <GO>
Operating Margin	22.70%	33.00%	-10.30	BRK-A	/operating-margins <GO>
Net Profit Margin	15.40%	27.10%	-11.70	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	16.30%	-1.00%	+17.30	HEI	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.07%	0.00%	+0.07	HEI	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	8.53	3.02	+5.51	HEI	/balance-sheet <GO>
Piotroski F-Score Quality	9/9	6/9	+3.00	HEI	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.80%	7.30%	-0.50	HEI	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	60.6	67.2	-6.60	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.96	1.13	-0.17	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	55.5x	16.7x	+38.80	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$45.61B	$1.20T	-$1.16T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	HEI REV	BRK-A REV	HEI GROSS %	BRK-A GROSS %	HEI FCF	BRK-A FCF
FY 2025	$4.49B	$247.24B	39.8%	44.0%	$861.4M	$25.04B
FY 2024	$3.86B	$249.71B	38.9%	44.0%	$614.1M	$11.62B
FY 2023	$2.97B	$254.91B	44.0%	44.0%	$315.2M	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

HEI // BETA 0.96

BRK-A // BETA 1.13