COMP <GO>

SQM vs FCX // RETURN ON INVESTED CAPITAL (ROIC)

Sociedad Quimica y Minera S.A. (NYSE) VS. Freeport-McMoRan Inc. (NYSE) • 15-METRIC TALLY: SQM 7 — FCX 8

▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: FCX

LAST: $54.65 (-3.05%) • MKT CAP: $16.10B

roic

9.90%

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

roic

21.50%

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

INSTITUTIONAL METRIC	SQM	FCX	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	26.10%	+14.90	SQM	/gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE	9.90%	21.50%	-11.60	FCX	/roic <GO>
EV/EBITDA & P/E Valuation	21.0x	13.4x	+7.60	FCX	/valuation <GO>
Free Cash Flow Yield	2.21%	4.71%	-2.50	FCX	/fcf-yield <GO>
Operating Margin	13.90%	25.90%	-12.00	FCX	/operating-margins <GO>
Net Profit Margin	10.90%	8.80%	+2.10	SQM	/net-margins <GO>
Revenue Growth (YoY)	19.80%	0.10%	+19.70	SQM	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.91%	-0.91	FCX	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.74	3.08	+0.66	SQM	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	7/9	+1.00	SQM	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.10%	6.70%	+0.40	FCX	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	28.8	30.2	-1.38	FCX	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.07	0.95	+0.12	SQM	/macro-sensitivity <GO>
Forward P/E Multiple	27.6x	40.1x	-12.50	SQM	/forward-pe <GO>
Enterprise Scale & Market Cap	$16.10B	$94.98B	-$78.88B	FCX	/market-cap <GO>

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

FISCAL YEAR	SQM REV	FCX REV	SQM GROSS %	FCX GROSS %	SQM FCF	FCX FCF
FY 2025	—	$25.19B	—	26.1%	—	$4.48B
FY 2024	—	$25.17B	—	29.3%	—	$6.03B
FY 2023	—	$22.70B	—	44.0%	—	$4.26B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

SQM // BETA 1.07

FCX // BETA 0.95