Co-movers

daily closes · 500dMethod

Moved together

KMTwithCAT

×0.46co-movement · CAT on KMT · 500d

r 0.53scale to r 0.75

Shared co-movers1with KMTwith CAT

EMREmerson Electric Cor 0.55r 0.66

KMT, solidCAT, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

KMTKennametal Inc

23.01−0.91%· post 23.10

Mkt cap$1.8BRevenue$768MQ1 FY27Revenue$2.4BFY26

CATCaterpillar Inc

559.49+1.06%· post 560.00

ClosedNov 6 '26

Mkt cap$255.6BRevenue$20.7BQ3 FY26Revenue$67.6BFY25

vs

Compare

ClosedNov 6 '26

KMTKennametal Inc

vs

CATCaterpillar Inc

23.01−0.91%post 23.10

Price

559.49+1.06%post 560.00

$1.8B

Mkt cap

$255.6B

Q1 FY27$768M

Revenue

$20.7BQ3 FY26

FY26$2.4B

Revenue

$67.6BFY25

KMT compared with CAT: revenue, margins and what each company keeps, and the suppliers and customers both name