COMP <GO>

ONTO vs CAT // DIVIDEND YIELD & FCF PAYOUT SAFETY

Onto Innovation Inc. (NYSE) VS. Caterpillar Inc. (NYSE) • 15-METRIC TALLY: ONTO 5 — CAT 10

▲ DIVIDEND YIELD & FCF PAYOUT SAFETY LEADER: CAT

LAST: $201.57 (-9.16%) • MKT CAP: $10.89B

dividend-safety

0.00%

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

dividend-safety

1.05%

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

INSTITUTIONAL METRIC	ONTO	CAT	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	49.70%	82.20%	-32.50	CAT	/gross-margins <GO>
Return on Invested Capital (ROIC)	5.60%	21.15%	-15.55	CAT	/roic <GO>
EV/EBITDA & P/E Valuation	67.8x	20.9x	+46.94	CAT	/valuation <GO>
Free Cash Flow Yield	2.75%	3.74%	-0.99	CAT	/fcf-yield <GO>
Operating Margin	13.20%	17.52%	-4.32	CAT	/operating-margins <GO>
Net Profit Margin	0.00%	14.51%	-14.51	CAT	/net-margins <GO>
Revenue Growth (YoY)	1.80%	18.36%	-16.56	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	26.00	4.34	+21.66	ONTO	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	5/9	+2.00	ONTO	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.20%	8.46%	-1.26	ONTO	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	33.3	23.6	+9.67	ONTO	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.10	1.02	+0.08	ONTO	/macro-sensitivity <GO>
Forward P/E Multiple	140.0x	26.0x	+114.04	CAT	/forward-pe <GO>
Enterprise Scale & Market Cap	$10.89B	$286.26B	-$275.37B	CAT	/market-cap <GO>

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

FISCAL YEAR	ONTO REV	CAT REV	ONTO GROSS %	CAT GROSS %	ONTO FCF	CAT FCF
FY 2025	$1.01B	$67.59B	49.7%	99.9%	$299.8M	$8.92B
FY 2024	$987.3M	$64.81B	52.2%	100.0%	$213.8M	$10.05B
FY 2023	$815.9M	$67.06B	44.0%	99.8%	$135.3M	$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

ONTO // BETA 1.10

CAT // BETA 1.02