COMP <GO>

TRMB vs CAT // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Trimble Inc. (NASDAQ) VS. Caterpillar Inc. (NYSE) • 15-METRIC TALLY: TRMB 4 — CAT 11

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

LAST: $64.94 (-0.61%) • MKT CAP: $15.24B

options-implied-move

7.10%

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

options-implied-move

8.46%

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

INSTITUTIONAL METRIC	TRMB	CAT	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	69.10%	82.20%	-13.10	CAT	/gross-margins <GO>
Return on Invested Capital (ROIC)	6.70%	21.15%	-14.45	CAT	/roic <GO>
EV/EBITDA & P/E Valuation	26.7x	20.9x	+5.84	CAT	/valuation <GO>
Free Cash Flow Yield	2.37%	3.74%	-1.37	CAT	/fcf-yield <GO>
Operating Margin	16.50%	17.52%	-1.02	CAT	/operating-margins <GO>
Net Profit Margin	11.80%	14.51%	-2.71	CAT	/net-margins <GO>
Revenue Growth (YoY)	-2.60%	18.36%	-20.96	CAT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	1.05%	-1.05	CAT	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.75	4.34	-0.59	CAT	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	5/9	+1.00	TRMB	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	7.10%	8.46%	-1.36	TRMB	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	67.2	23.6	+43.58	TRMB	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.07	1.02	+0.05	TRMB	/macro-sensitivity <GO>
Forward P/E Multiple	33.4x	26.0x	+7.44	CAT	/forward-pe <GO>
Enterprise Scale & Market Cap	$15.24B	$286.26B	-$271.03B	CAT	/market-cap <GO>

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

FISCAL YEAR	TRMB REV	CAT REV	TRMB GROSS %	CAT GROSS %	TRMB FCF	CAT FCF
FY 2025	$3.59B	$67.59B	69.1%	99.9%	$360.9M	$8.92B
FY 2024	$3.68B	$64.81B	65.1%	100.0%	$497.8M	$10.05B
FY 2023	$3.80B	$67.06B	44.0%	99.8%	$426.2M	$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

TRMB // BETA 1.07

CAT // BETA 1.02