COMP <GO>

HUM vs JNJ // DIVIDEND YIELD & FCF PAYOUT SAFETY

Humana Inc. (NYSE) VS. Johnson & Johnson (NYSE) • 15-METRIC TALLY: HUM 4 — JNJ 11

▲ DIVIDEND YIELD & FCF PAYOUT SAFETY LEADER: HUM

LAST: $414.50 (-0.73%) • MKT CAP: $50.14B

dividend-safety

0.86%

LAST: $273.20 (-0.73%) • MKT CAP: $662.49B

dividend-safety

0.00%

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

INSTITUTIONAL METRIC	HUM	JNJ	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	67.90%	-26.90	JNJ	/gross-margins <GO>
Return on Invested Capital (ROIC)	8.30%	25.50%	-17.20	JNJ	/roic <GO>
EV/EBITDA & P/E Valuation	18.4x	18.5x	-0.10	HUM	/valuation <GO>
Free Cash Flow Yield	0.75%	2.97%	-2.22	JNJ	/fcf-yield <GO>
Operating Margin	2.10%	34.70%	-32.60	JNJ	/operating-margins <GO>
Net Profit Margin	0.90%	28.50%	-27.60	JNJ	/net-margins <GO>
Revenue Growth (YoY)	10.10%	6.00%	+4.10	HUM	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety ACTIVE	0.86%	0.00%	+0.86	HUM	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	5.03	5.59	-0.56	JNJ	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	8/9	-1.00	JNJ	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.50%	7.20%	-0.70	HUM	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	52.2	60.4	-8.17	JNJ	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.88	1.08	-0.20	JNJ	/macro-sensitivity <GO>
Forward P/E Multiple	39.2x	23.0x	+16.20	JNJ	/forward-pe <GO>
Enterprise Scale & Market Cap	$50.14B	$662.49B	-$612.35B	JNJ	/market-cap <GO>

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

FISCAL YEAR	HUM REV	JNJ REV	HUM GROSS %	JNJ GROSS %	HUM FCF	JNJ FCF
FY 2025	$129.66B	$94.19B	44.0%	67.9%	$375.0M	$19.70B
FY 2024	$117.76B	$88.82B	44.0%	69.1%	$2.39B	$19.84B
FY 2023	$106.37B	$85.16B	44.0%	44.0%	-$805.8M	$18.96B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

HUM // BETA 0.88

JNJ // BETA 1.08