COMP <GO>

IESC vs BRK-A // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

IES Holdings Inc. (NASDAQ) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: IESC 5 — BRK-A 9

▲ OPTIONS IMPLIED MOVE & PUT/CALL SKEW LEADER: IESC

LAST: $205.96 (-7.97%) • MKT CAP: $9.11B

options-implied-move

6.70%

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

options-implied-move

7.30%

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

INSTITUTIONAL METRIC	IESC	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	25.50%	41.00%	-15.50	BRK-A	/gross-margins <GO>
Return on Invested Capital (ROIC)	34.70%	8.30%	+26.40	IESC	/roic <GO>
EV/EBITDA & P/E Valuation	17.6x	12.7x	+4.90	BRK-A	/valuation <GO>
Free Cash Flow Yield	1.47%	2.08%	-0.61	BRK-A	/fcf-yield <GO>
Operating Margin	11.40%	33.00%	-21.60	BRK-A	/operating-margins <GO>
Net Profit Margin	9.10%	27.10%	-18.00	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	16.90%	-1.00%	+17.90	IESC	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	11.79	3.02	+8.77	IESC	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	6/9	+1.00	IESC	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	6.70%	7.30%	-0.60	IESC	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	22.8	67.2	-44.37	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.94	1.13	-0.19	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple	25.0x	16.7x	+8.30	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$9.11B	$1.20T	-$1.19T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	IESC REV	BRK-A REV	IESC GROSS %	BRK-A GROSS %	IESC FCF	BRK-A FCF
FY 2025	$3.37B	$247.24B	25.5%	44.0%	$134.4M	$25.04B
FY 2024	$2.88B	$249.71B	24.2%	44.0%	$104.6M	$11.62B
FY 2023	$2.38B	$254.91B	44.0%	44.0%	$46.9M	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

IESC // BETA 0.94

BRK-A // BETA 1.13