COMP <GO>
WULF vs BRK-B // EV/EBITDA & P/E VALUATION
TeraWulf Inc. (NASDAQ) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: WULF 2
— BRK-B 7
■ METRIC PARITY
LAST: $11.73 (-8.00%) • MKT CAP: $5.85B
valuation
—
LAST: $542.49 (+0.10%) • MKT CAP: $1.20T
valuation
9.9x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (WULF VS. BRK-B)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | WULF | BRK-B | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -28.90% | 11.47% | -40.37 | BRK-B | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 9.9x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -18.00% | 2.04% | -20.04 | BRK-B | /fcf-yield <GO> |
| Operating Margin | -60.00% | 27.80% | -87.80 | BRK-B | /operating-margins <GO> |
| Net Profit Margin | -60.00% | 22.30% | -82.30 | BRK-B | /net-margins <GO> |
| Revenue Growth (YoY) | 20.30% | 3.93% | +16.37 | WULF | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | 2.88 | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 4/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | 3.64% | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 41.8 | 63.6 | -21.80 | BRK-B | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.14 | 0.61 | +0.53 | WULF | /macro-sensitivity <GO> |
| Forward P/E Multiple | 30.0x | 24.9x | +5.09 | BRK-B | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.85B | $1.20T | -$1.19T | BRK-B | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | WULF REV | BRK-B REV | WULF GROSS % | BRK-B GROSS % | WULF FCF | BRK-B FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $168.5M | $371.44B | 39.2% | — | -$1.18B | $25.04B |
| FY 2024 | $140.1M | $371.43B | 49.8% | — | -$292.4M | $11.62B |
| FY 2023 | $69.2M | $364.48B | — | — | $1.1M | $29.79B |
| FY 2022 | — | $302.02B | — | — | — | $21.89B |
| FY 2021 | — | $276.19B | — | — | — | $26.15B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
WULF // BETA 1.14
BRK-B // BETA 0.61