COMP <GO>

LHX vs BRK-A // RETURN ON INVESTED CAPITAL (ROIC)

L3Harris Technologies Inc. (NYSE) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: LHX 5 — BRK-A 9

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

LAST: $277.61 (-0.29%) • MKT CAP: $51.85B

roic

5.70%

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

roic

8.30%

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

INSTITUTIONAL METRIC	LHX	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE	5.70%	8.30%	-2.60	BRK-A	/roic <GO>
EV/EBITDA & P/E Valuation	24.8x	12.7x	+12.10	BRK-A	/valuation <GO>
Free Cash Flow Yield	5.17%	2.08%	+3.09	LHX	/fcf-yield <GO>
Operating Margin	14.50%	33.00%	-18.50	BRK-A	/operating-margins <GO>
Net Profit Margin	11.10%	27.10%	-16.00	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	-31.90%	-1.00%	-30.90	BRK-A	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	1.74%	0.00%	+1.74	LHX	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	2.15	3.02	-0.87	BRK-A	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	6/9	+2.00	LHX	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.80%	7.30%	-0.50	LHX	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	76.2	67.2	+9.06	LHX	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.96	1.13	-0.17	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple	30.0x	16.7x	+13.30	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$51.85B	$1.20T	-$1.15T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	LHX REV	BRK-A REV	LHX GROSS %	BRK-A GROSS %	LHX FCF	BRK-A FCF
FY 2025	$0	$247.24B	—	44.0%	$2.68B	$25.04B
FY 2024	$21.32B	$249.71B	25.9%	44.0%	$2.15B	$11.62B
FY 2023	$19.42B	$254.91B	44.0%	44.0%	$1.22B	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

LHX // BETA 0.96

BRK-A // BETA 1.13