COMP <GO>

LIN vs FCX // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Linde plc (NASDAQ) VS. Freeport-McMoRan Inc. (NYSE) • 15-METRIC TALLY: LIN 10 — FCX 4

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

LAST: $514.24 (+2.20%) • MKT CAP: $231.94B

options-implied-move

6.90%

LAST: $62.47 (-5.55%) • MKT CAP: $94.98B

options-implied-move

6.70%

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

INSTITUTIONAL METRIC	LIN	FCX	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	26.10%	+14.90	LIN	/gross-margins <GO>
Return on Invested Capital (ROIC)	13.10%	21.50%	-8.40	FCX	/roic <GO>
EV/EBITDA & P/E Valuation	18.5x	13.4x	+5.10	FCX	/valuation <GO>
Free Cash Flow Yield	2.19%	4.71%	-2.52	FCX	/fcf-yield <GO>
Operating Margin	26.30%	25.90%	+0.40	LIN	/operating-margins <GO>
Net Profit Margin	20.30%	8.80%	+11.50	LIN	/net-margins <GO>
Revenue Growth (YoY)	3.00%	0.10%	+2.90	LIN	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	1.21%	0.91%	+0.30	LIN	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.93	3.08	+0.85	LIN	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	7/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	6.90%	6.70%	+0.20	FCX	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	69.3	30.2	+39.09	LIN	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.01	0.95	+0.06	LIN	/macro-sensitivity <GO>
Forward P/E Multiple	31.2x	40.1x	-8.90	LIN	/forward-pe <GO>
Enterprise Scale & Market Cap	$231.94B	$94.98B	$136.96B	LIN	/market-cap <GO>

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

FISCAL YEAR	LIN REV	FCX REV	LIN GROSS %	FCX GROSS %	LIN FCF	FCX FCF
FY 2025	$33.99B	$25.19B	44.0%	26.1%	$5.09B	$4.48B
FY 2024	$33.01B	$25.17B	44.0%	29.3%	$4.93B	$6.03B
FY 2023	$32.85B	$22.70B	44.0%	44.0%	$7.83B	$4.26B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

LIN // BETA 1.01

FCX // BETA 0.95