COMP <GO>

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

Kratos Defense & Security Solutions Inc. (NASDAQ) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: KTOS 3 — BRK-A 11

▲ FORWARD P/E MULTIPLE LEADER: BRK-A

LAST: $41.09 (-5.74%) • MKT CAP: $8.18B

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 (KTOS VS. BRK-A) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	KTOS	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	22.90%	41.00%	-18.10	BRK-A	/gross-margins <GO>
Return on Invested Capital (ROIC)	1.40%	8.30%	-6.90	BRK-A	/roic <GO>
EV/EBITDA & P/E Valuation	95.0x	12.7x	+82.30	BRK-A	/valuation <GO>
Free Cash Flow Yield	-1.26%	2.08%	-3.34	BRK-A	/fcf-yield <GO>
Operating Margin	1.90%	33.00%	-31.10	BRK-A	/operating-margins <GO>
Net Profit Margin	1.60%	27.10%	-25.50	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	18.50%	-1.00%	+19.50	KTOS	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	11.11	3.02	+8.09	KTOS	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	6/9	-1.00	BRK-A	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.90%	7.30%	-0.40	KTOS	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	45.9	67.2	-21.32	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.01	1.13	-0.12	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	$8.18B	$1.20T	-$1.19T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	KTOS REV	BRK-A REV	KTOS GROSS %	BRK-A GROSS %	KTOS FCF	BRK-A FCF
FY 2025	$1.35B	$247.24B	22.9%	44.0%	-$102.7M	$25.04B
FY 2024	$1.14B	$249.71B	25.3%	44.0%	-$1.4M	$11.62B
FY 2023	$1.04B	$254.91B	44.0%	44.0%	$18.5M	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

KTOS // BETA 1.01

BRK-A // BETA 1.13