COMP <GO>

NOK vs SPCX // RETURN ON INVESTED CAPITAL (ROIC)

Nokia Corporation Sponsored (NYSE) VS. Space Exploration Technologies Corp. (NASDAQ) • 15-METRIC TALLY: NOK 3 — SPCX 5

▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: SPCX

LAST: $8.56 (-8.06%) • MKT CAP: $53.46B

roic

14.90%

LAST: $134.72 (-6.37%) • MKT CAP: $1.95T

roic

58.30%

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

INSTITUTIONAL METRIC	NOK	SPCX	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE	14.90%	58.30%	-43.40	SPCX	/roic <GO>
EV/EBITDA & P/E Valuation	14.9x	14.3x	+0.60	SPCX	/valuation <GO>
Free Cash Flow Yield	3.99%	3.99%	0.00	TIE	/fcf-yield <GO>
Operating Margin	21.10%	21.10%	0.00	TIE	/operating-margins <GO>
Net Profit Margin	16.40%	16.40%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	12.10%	20.90%	-8.80	SPCX	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.87	26.00	-22.13	SPCX	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	7/9	+1.00	NOK	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	48.8	45.9	+2.90	NOK	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.42	1.36	+0.06	NOK	/macro-sensitivity <GO>
Forward P/E Multiple	18.2x	18.2x	0.00	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$53.46B	$1.95T	-$1.90T	SPCX	/market-cap <GO>

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

FISCAL YEAR	NOK REV	SPCX REV	NOK GROSS %	SPCX GROSS %	NOK FCF	SPCX FCF
FY 2025	—	$0	—	—	—	$0

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

NOK // BETA 1.42

SPCX // BETA 1.36