COMP <GO>

MIDD vs CAT // DIVIDEND YIELD & FCF PAYOUT SAFETY

Middleby Corporation (The) (NASDAQ) VS. Caterpillar Inc. (NYSE) • 15-METRIC TALLY: MIDD 7 — CAT 8

▲ DIVIDEND YIELD & FCF PAYOUT SAFETY LEADER: CAT

LAST: $118.95 (+1.16%) • MKT CAP: $5.32B

dividend-safety

0.00%

LAST: $622.75 (-3.81%) • MKT CAP: $286.26B

dividend-safety

1.05%

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

INSTITUTIONAL METRIC	MIDD	CAT	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	39.10%	82.20%	-43.10	CAT	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.70%	21.15%	-11.45	CAT	/roic <GO>
EV/EBITDA & P/E Valuation	11.4x	20.9x	-9.46	MIDD	/valuation <GO>
Free Cash Flow Yield	10.52%	3.74%	+6.78	MIDD	/fcf-yield <GO>
Operating Margin	18.00%	17.52%	+0.48	MIDD	/operating-margins <GO>
Net Profit Margin	11.50%	14.51%	-3.01	CAT	/net-margins <GO>
Revenue Growth (YoY)	1.60%	18.36%	-16.76	CAT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety ACTIVE	0.00%	1.05%	-1.05	CAT	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.08	4.34	-1.26	CAT	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	5/9	+2.00	MIDD	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.70%	8.46%	-1.76	MIDD	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	72.8	23.6	+49.23	MIDD	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.94	1.02	-0.08	CAT	/macro-sensitivity <GO>
Forward P/E Multiple	13.5x	26.0x	-12.46	MIDD	/forward-pe <GO>
Enterprise Scale & Market Cap	$5.32B	$286.26B	-$280.94B	CAT	/market-cap <GO>

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

FISCAL YEAR	MIDD REV	CAT REV	MIDD GROSS %	CAT GROSS %	MIDD FCF	CAT FCF
FY 2025	$3.20B	$67.59B	39.1%	99.9%	$559.5M	$8.92B
FY 2024	$3.15B	$64.81B	39.7%	100.0%	$650.1M	$10.05B
FY 2023	$3.24B	$67.06B	44.0%	99.8%	$482.9M	$11.29B
FY 2022	—	$59.43B	—	99.3%	—	$6.47B
FY 2021	—	$50.97B	—	30.3%	—	$6.11B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

MIDD // BETA 0.94

CAT // BETA 1.02