COMP <GO>

TXT vs TMO // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

Textron Inc. (NYSE) VS. Thermo Fisher Scientific Inc (NYSE) • 15-METRIC TALLY: TXT 7 — TMO 7

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

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

options-implied-move

6.90%

LAST: $697.00 (-1.72%) • MKT CAP: $262.22B

options-implied-move

6.70%

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

INSTITUTIONAL METRIC	TXT	TMO	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%	9.30%	-0.40	TMO	/roic <GO>
EV/EBITDA & P/E Valuation	10.2x	30.4x	-20.20	TXT	/valuation <GO>
Free Cash Flow Yield	4.29%	2.40%	+1.89	TXT	/fcf-yield <GO>
Operating Margin	7.60%	17.40%	-9.80	TMO	/operating-margins <GO>
Net Profit Margin	6.20%	15.10%	-8.90	TMO	/net-margins <GO>
Revenue Growth (YoY)	8.00%	3.90%	+4.10	TXT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.12%	0.24%	-0.12	TMO	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	2.58	4.50	-1.92	TMO	/balance-sheet <GO>
Piotroski F-Score Quality	9/9	8/9	+1.00	TXT	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	6.90%	6.70%	+0.20	TMO	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	69.4	59.1	+10.25	TXT	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.00	0.94	+0.06	TXT	/macro-sensitivity <GO>
Forward P/E Multiple	15.2x	36.3x	-21.10	TXT	/forward-pe <GO>
Enterprise Scale & Market Cap	$15.04B	$262.22B	-$247.18B	TMO	/market-cap <GO>

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

FISCAL YEAR	TXT REV	TMO REV	TXT GROSS %	TMO GROSS %	TXT FCF	TMO FCF
FY 2025	$14.80B	$44.56B	44.0%	44.0%	$646.0M	$6.29B
FY 2024	$13.70B	$42.88B	44.0%	44.0%	$397.4M	$7.27B
FY 2023	$13.68B	$42.86B	44.0%	44.0%	$650.3M	$6.48B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

TXT // BETA 1.00

TMO // BETA 0.94