COMP <GO>

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

Herc Holdings Inc. Common Stock (NYSE) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: HRI 5 — BRK-A 9

▲ FORWARD P/E MULTIPLE LEADER: BRK-A

LAST: $165.76 (-4.71%) • MKT CAP: $5.82B

forward-pe

140.0x

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

forward-pe

16.7x

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

INSTITUTIONAL METRIC	HRI	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)	0.00%	8.30%	-8.30	BRK-A	/roic <GO>
EV/EBITDA & P/E Valuation	79.7x	12.7x	+67.00	BRK-A	/valuation <GO>
Free Cash Flow Yield	15.94%	2.08%	+13.86	HRI	/fcf-yield <GO>
Operating Margin	0.10%	33.00%	-32.90	BRK-A	/operating-margins <GO>
Net Profit Margin	0.10%	27.10%	-27.00	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	45.60%	-1.00%	+46.60	HRI	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	1.49%	0.00%	+1.49	HRI	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	0.45	3.02	-2.57	BRK-A	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	6/9	+1.00	HRI	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.80%	7.30%	-0.50	HRI	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	66.9	67.2	-0.27	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.97	1.13	-0.16	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	140.0x	16.7x	+123.30	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$5.82B	$1.20T	-$1.20T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	HRI REV	BRK-A REV	HRI GROSS %	BRK-A GROSS %	HRI FCF	BRK-A FCF
FY 2025	$862.0M	$247.24B	44.0%	44.0%	$928.0M	$25.04B
FY 2024	$592.0M	$249.71B	44.0%	44.0%	$1.06B	$11.62B
FY 2023	$600.0M	$254.91B	44.0%	44.0%	$1.06B	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

HRI // BETA 0.97

BRK-A // BETA 1.13