COMP <GO>

USAR vs RIO // NET PROFIT MARGIN

USA Rare Earth Inc. (NASDAQ) VS. Rio Tinto Plc (NYSE) • 15-METRIC TALLY: USAR 5 — RIO 8

▲ NET PROFIT MARGIN LEADER: RIO

LAST: $9.62 (-8.56%) • MKT CAP: $3.95B

net-margins

-60.00%

LAST: $81.89 (-1.63%) • MKT CAP: $104.57B

net-margins

10.90%

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

INSTITUTIONAL METRIC	USAR	RIO	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	11.90%	41.00%	-29.10	RIO	/gross-margins <GO>
Return on Invested Capital (ROIC)	-14.90%	9.90%	-24.80	RIO	/roic <GO>
EV/EBITDA & P/E Valuation	—	21.0x	—	TIE	/valuation <GO>
Free Cash Flow Yield	-1.24%	2.21%	-3.45	RIO	/fcf-yield <GO>
Operating Margin	-60.00%	13.90%	-73.90	RIO	/operating-margins <GO>
Net Profit Margin ACTIVE	-60.00%	10.90%	-70.90	RIO	/net-margins <GO>
Revenue Growth (YoY)	6.60%	1.10%	+5.50	USAR	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	11.88	3.74	+8.14	USAR	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	7/9	-3.00	RIO	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	6.60%	7.00%	-0.40	USAR	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	33.3	25.2	+8.13	USAR	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.91	1.02	-0.11	RIO	/macro-sensitivity <GO>
Forward P/E Multiple	29.0x	30.5x	-1.50	USAR	/forward-pe <GO>
Enterprise Scale & Market Cap	$3.95B	$104.57B	-$100.62B	RIO	/market-cap <GO>

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

FISCAL YEAR	USAR REV	RIO REV	USAR GROSS %	RIO GROSS %	USAR FCF	RIO FCF
FY 2025	$1.6M	—	11.9%	—	-$49.1M	—
FY 2024	$0	—	—	—	-$13.0M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

USAR // BETA 0.91

RIO // BETA 1.02