COMP <GO>

HSBC vs BRK-B // RETURN ON INVESTED CAPITAL (ROIC)

HSBC Holdings plc. (NYSE) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: HSBC 5 — BRK-B 8

▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: BRK-B

LAST: $85.42 (-1.36%) • MKT CAP: $297.33B

roic

9.90%

LAST: $542.49 (+0.10%) • MKT CAP: $1.16T

roic

11.47%

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

INSTITUTIONAL METRIC	HSBC	BRK-B	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE	9.90%	11.47%	-1.57	BRK-B	/roic <GO>
EV/EBITDA & P/E Valuation	21.0x	9.7x	+11.32	BRK-B	/valuation <GO>
Free Cash Flow Yield	2.21%	2.09%	+0.12	HSBC	/fcf-yield <GO>
Operating Margin	13.90%	27.80%	-13.90	BRK-B	/operating-margins <GO>
Net Profit Margin	10.90%	22.30%	-11.40	BRK-B	/net-margins <GO>
Revenue Growth (YoY)	23.10%	3.93%	+19.17	HSBC	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.74	2.85	+0.89	HSBC	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	4/9	+4.00	HSBC	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.60%	3.55%	+3.05	BRK-B	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	25.0	66.8	-41.82	BRK-B	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.92	0.61	+0.31	HSBC	/macro-sensitivity <GO>
Forward P/E Multiple	27.6x	24.3x	+3.26	BRK-B	/forward-pe <GO>
Enterprise Scale & Market Cap	$297.33B	$1.16T	-$862.38B	BRK-B	/market-cap <GO>

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

FISCAL YEAR	HSBC REV	BRK-B REV	HSBC GROSS %	BRK-B GROSS %	HSBC FCF	BRK-B FCF
FY 2025	—	$371.44B	—	—	—	$25.04B
FY 2024	—	$371.43B	—	—	—	$11.62B
FY 2023	—	$364.48B	—	—	—	$29.79B
FY 2022	—	$302.02B	—	—	—	$21.89B
FY 2021	—	$276.19B	—	—	—	$26.15B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

HSBC // BETA 0.92

BRK-B // BETA 0.61