COMP <GO>

TXT vs BRK-A // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Textron Inc. (NYSE) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: TXT 9 — BRK-A 5

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

LAST: $85.70 (-2.01%) • MKT CAP: $15.04B

options-implied-move

6.90%

LAST: $815,600.00 (-0.23%) • MKT CAP: $1.20T

options-implied-move

7.30%

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (TXT VS. BRK-A) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	TXT	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	8.90%	8.30%	+0.60	TXT	/roic <GO>
EV/EBITDA & P/E Valuation	10.2x	12.7x	-2.50	TXT	/valuation <GO>
Free Cash Flow Yield	4.29%	2.08%	+2.21	TXT	/fcf-yield <GO>
Operating Margin	7.60%	33.00%	-25.40	BRK-A	/operating-margins <GO>
Net Profit Margin	6.20%	27.10%	-20.90	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	8.00%	-1.00%	+9.00	TXT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.12%	0.00%	+0.12	TXT	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	2.58	3.02	-0.44	BRK-A	/balance-sheet <GO>
Piotroski F-Score Quality	9/9	6/9	+3.00	TXT	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	6.90%	7.30%	-0.40	TXT	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	69.4	67.2	+2.23	TXT	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.00	1.13	-0.13	BRK-A	/macro-sensitivity <GO>
Forward P/E Multiple	15.2x	16.7x	-1.50	TXT	/forward-pe <GO>
Enterprise Scale & Market Cap	$15.04B	$1.20T	-$1.19T	BRK-A	/market-cap <GO>

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

FISCAL YEAR	TXT REV	BRK-A REV	TXT GROSS %	BRK-A GROSS %	TXT FCF	BRK-A FCF
FY 2025	$14.80B	$247.24B	44.0%	44.0%	$646.0M	$25.04B
FY 2024	$13.70B	$249.71B	44.0%	44.0%	$397.4M	$11.62B
FY 2023	$13.68B	$254.91B	44.0%	44.0%	$650.3M	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

TXT // BETA 1.00

BRK-A // BETA 1.13