COMP <GO>

KRMN vs BRK-A // PIOTROSKI F-SCORE QUALITY

Karman Holdings Inc. (NYSE) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: KRMN 4 — BRK-A 9

■ METRIC PARITY

LAST: $39.95 (-4.17%) • MKT CAP: $5.53B

piotroski-score

6/9

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

piotroski-score

6/9

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

INSTITUTIONAL METRIC	KRMN	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	40.30%	41.00%	-0.70	BRK-A	/gross-margins <GO>
Return on Invested Capital (ROIC)	8.80%	8.30%	+0.50	KRMN	/roic <GO>
EV/EBITDA & P/E Valuation	64.2x	12.7x	+51.50	BRK-A	/valuation <GO>
Free Cash Flow Yield	-0.77%	2.08%	-2.85	BRK-A	/fcf-yield <GO>
Operating Margin	15.50%	33.00%	-17.50	BRK-A	/operating-margins <GO>
Net Profit Margin	3.70%	27.10%	-23.40	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	36.60%	-1.00%	+37.60	KRMN	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	5.47	3.02	+2.45	KRMN	/balance-sheet <GO>
Piotroski F-Score Quality ACTIVE	6/9	6/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.80%	7.30%	-0.50	KRMN	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	61.2	67.2	-5.94	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	140.0x	16.7x	+123.30	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$5.53B	$1.20T	-$1.20T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	KRMN REV	BRK-A REV	KRMN GROSS %	BRK-A GROSS %	KRMN FCF	BRK-A FCF
FY 2025	$471.5M	$247.24B	40.3%	44.0%	-$42.5M	$25.04B
FY 2024	$345.3M	$249.71B	38.3%	44.0%	$11.4M	$11.62B
FY 2023	$280.7M	$254.91B	44.0%	44.0%	$7.7M	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

KRMN // BETA 0.96

BRK-A // BETA 1.13