20-quarter listed-company comparison

Conglomerates Stocks

Conglomerates: Brookfield Business Corporation owns the largest revenue base; Falcon's Beyond Global, Inc. has the fastest current growth.

The industry itself · before any single company

How has Conglomerates moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 34% ahead of S&P 500. Earnings across its companies fell 16% on average over the last four reported quarters.

ASLEEP · 1y +45.0%⚠Price up, without the fundamentals confirming4 of 17 companies ahead of S&P 500 by 5% or more over three months

RS — · 10/17 >200d (−2) · 4/17 lead (+0) · EPS 5/16↑

Conglomerates, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Strength anatomy NarrowHow much of the industry is participating, how recently, and whether the movers score well.

Together4 of 17 stocks moving

Fresh3 crossed in the last 4 weeks

Backed by scoresmovers score +6 vs the industry average

Down the cap ladder — bar is now, tick is four weeks ago

Large 2/4+1

Mid 1/60

Small 1/7−1

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 17 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Conglomerates outperforming S&P 500?

Conglomerates has outperformed S&P 500 by 35% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 5.6%. 11 of 19 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. NN, Inc. is the strongest against the sector itself at +38.1%.

-5.6%Sector vs S&P 500 · 13 weeks

+35.0%Sector vs S&P 500 · 52 weeks

11/19Stocks leading S&P 500

3/19Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Conglomerates has outperformed S&P 500 by 35% over 52 weeks and 5.6% over 13 weeks. 11 of 19 covered companies beat the S&P 500 on Mansfield relative strength, while 3 of 19 beat the sector itself. Brookfield Business Corporation leads with revenue of $11,638 million, based on 13 of 20 comparable companies through Mar 2026.

Is the Conglomerates sector outperforming S&P 500?

Conglomerates has outperformed S&P 500 by 35% over 52 weeks and 5.6% over 13 weeks. 11 of 19 covered companies beat the S&P 500 on Mansfield relative strength, while 3 of 19 beat the sector itself.

Which Conglomerates company is largest by revenue?

Brookfield Business Corporation leads with revenue of $11,638 million, based on 13 of 20 comparable companies through Mar 2026.

Which Conglomerates company is growing fastest?

Falcon's Beyond Global, Inc. has the fastest current revenue growth at 100%, across 13 of 20 comparable companies.

Which Conglomerates company has the strongest 4-Factor Sector Score?

Deluxe Corporation ranks first at 65.3/100 with 76% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Conglomerates company reports the most CAPEX?

Brookfield Business Corporation reports the largest latest CAPEX at $489 million, with 20 of 20 companies comparable.

Which Conglomerates company has the least gross debt?

Mammoth Energy Services, Inc. has the lowest comparable gross debt at $3 million. Brookfield Business Corporation has the highest at $44,754 million.

Which Conglomerates company has the lowest comparable PEG?

Deluxe Corporation has the lowest comparable Guarded PEG at 0.23, among 5 of 20 companies that pass the metric’s comparability rules.

How much history does this Conglomerates comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies

complete canonical membership

Combined market value

$208.6B

3M Company

Revenue growing

7/13

positive TTM year-on-year growth

Beating S&P 500

11/19

positive Mansfield relative strength

Global company selection

00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Deluxe Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 76% evidence confidence.

RCM Technologies, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Deluxe Corporation · DLX

65.3/100 · Favorable setup · 76% evidence

Exact sum: 24.8 + 11.8 + 15.8 + 12.9 = 65.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

24.8/35Growth & earnings

Revenue 0.5% · PAT 85.7% · OPM change 4.3 pp

83% evidence

11.8/25Capital efficiency

ROCE 3.3% · debt/equity 2×

80% evidence

15.8/20Valuation

P/E 12.1× · PEG 0.23

65% evidence

12.9/20Relative strength

RS sector -3.2% · RS bench 8% · 1Y 74.7%

70% evidence

2. Honeywell International Inc. · HON

59.1/100 · Thin evidence · provisional · 59% evidence

Exact sum: 19.7 + 15.5 + 11.5 + 12.4 = 59.1

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

19.7/35Growth & earnings

Revenue — · PAT — · OPM change -5.6 pp

45% evidence

15.5/25Capital efficiency

ROCE 14.2% · debt/equity 1.8×

80% evidence

11.5/20Valuation

P/E 8.3× · PEG —

15% evidence

12.4/20Relative strength

RS sector -9% · RS bench 2.4% · 1Y 14.8%

100% evidence

3. Pampa Energía S.A. · PAM

57.9/100 · Mixed-positive evidence · 82% evidence

Exact sum: 18.1 + 15.7 + 15 + 9.1 = 57.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.1/35Growth & earnings

Revenue 14.7% · PAT -12.7% · OPM change 1.9 pp

83% evidence

15.7/25Capital efficiency

ROCE 3.2% · debt/equity 0.5×

80% evidence

15.0/20Valuation

P/E 11.2× · PEG 0.26

65% evidence

9.1/20Relative strength

RS sector -11.7% · RS bench -0.9% · 1Y 14.4%

100% evidence

4. Falcon's Beyond Global, Inc. · FBYD

57.9/100 · Thin evidence · provisional · 59% evidence

Exact sum: 26.1 + 17.9 + 9.4 + 4.5 = 57.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

26.1/35Growth & earnings

Revenue 100% · PAT -22.2% · OPM change 491.8 pp

62% evidence

17.9/25Capital efficiency

ROCE 29.8% · debt/equity 0.63×

80% evidence

9.4/20Valuation

P/E 67.1× · PEG —

15% evidence

4.5/20Relative strength

RS sector -23.6% · RS bench -14.6% · 1Y 44.8%

70% evidence

5. 3M Company · MMM

54.9/100 · Thin evidence · provisional · 59% evidence

Exact sum: 18.8 + 11.9 + 9.9 + 14.3 = 54.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.8/35Growth & earnings

Revenue — · PAT — · OPM change 2.3 pp

45% evidence

11.9/25Capital efficiency

ROCE 3.7% · debt/equity 4.18×

80% evidence

9.9/20Valuation

P/E 28.8× · PEG —

15% evidence

14.3/20Relative strength

RS sector -6% · RS bench 6.5% · 1Y 25.8%

100% evidence

6. Valmont Industries, Inc. · VMI

54.6/100 · Thin evidence · provisional · 59% evidence

Exact sum: 22 + 15.3 + 10.3 + 7 = 54.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

22.0/35Growth & earnings

Revenue — · PAT — · OPM change 1.9 pp

45% evidence

15.3/25Capital efficiency

ROCE 6.3% · debt/equity 0.51×

80% evidence

10.3/20Valuation

P/E 22.1× · PEG —

15% evidence

7.0/20Relative strength

RS sector -9.4% · RS bench 1.4% · 1Y 34.1%

100% evidence

7. RCM Technologies, Inc. · RCMT

52.5/100 · Thin evidence · provisional · 53% evidence

Exact sum: 12 + 14.3 + 11.3 + 14.9 = 52.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

12.0/35Growth & earnings

Revenue — · PAT — · OPM change -92.8 pp

45% evidence

14.3/25Capital efficiency

ROCE 7.9% · debt/equity 0.8×

80% evidence

11.3/20Valuation

P/E 9.1× · PEG —

15% evidence

14.9/20Relative strength

RS sector 1.4% · RS bench 14.7% · 1Y 22.9%

70% evidence

8. Otter Tail Corporation · OTTR

48.8/100 · Mixed-negative evidence · 82% evidence

Exact sum: 12.2 + 14.6 + 12.2 + 9.8 = 48.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

12.2/35Growth & earnings

Revenue -0.5% · PAT -4.8% · OPM change -0.3 pp

83% evidence

14.6/25Capital efficiency

ROCE 2.4% · debt/equity 0.64×

80% evidence

12.2/20Valuation

P/E 13.2× · PEG 1.17

65% evidence

9.8/20Relative strength

RS sector -9.7% · RS bench 1.9% · 1Y 24.3%

100% evidence

9. Mammoth Energy Services, Inc. · TUSK

47.4/100 · Thin evidence · provisional · 59% evidence

Exact sum: 16 + 9.7 + 10.4 + 11.3 = 47.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

16.0/35Growth & earnings

Revenue -52.1% · PAT — · OPM change 6.1 pp

62% evidence

9.7/25Capital efficiency

ROCE -0.3% · debt/equity 0.01×

80% evidence

10.4/20Valuation

P/E 18.5× · PEG —

15% evidence

11.3/20Relative strength

RS sector -6.3% · RS bench 5% · 1Y 7.1%

70% evidence

10. NN, Inc. · NNBR

47.4/100 · Thin evidence · provisional · 56% evidence

Exact sum: 17.4 + 3 + 10 + 17 = 47.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.4/35Growth & earnings

Revenue -3.3% · PAT — · OPM change 3.1 pp

62% evidence

3.0/25Capital efficiency

ROCE -1.1% · debt/equity 8.27×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

17.0/20Relative strength

RS sector 38.1% · RS bench 54.9% · 1Y 69.5%

70% evidence

11. Seaboard Corporation · SEB

46.6/100 · Thin evidence · provisional · 59% evidence

Exact sum: 19.7 + 12.8 + 11.1 + 3 = 46.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

19.7/35Growth & earnings

Revenue — · PAT — · OPM change 1.9 pp

45% evidence

12.8/25Capital efficiency

ROCE 1.5% · debt/equity 0.35×

80% evidence

11.1/20Valuation

P/E 9.7× · PEG —

15% evidence

3.0/20Relative strength

RS sector -16.5% · RS bench -6.9% · 1Y 43.6%

100% evidence

12. Tejon Ranch Co. · TRC

45.9/100 · Mixed-negative evidence · 69% evidence

Exact sum: 22.5 + 10.1 + 7.8 + 5.5 = 45.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.5/35Growth & earnings

Revenue 18.6% · PAT 0% · OPM change 38.8 pp

62% evidence

10.1/25Capital efficiency

ROCE -0.2% · debt/equity 0.19×

80% evidence

7.8/20Valuation

P/E 269.1× · PEG 1.66

65% evidence

5.5/20Relative strength

RS sector -18% · RS bench -7.7% · 1Y -3.2%

70% evidence

13. Compass Diversified · CODI

43.6/100 · Mixed-negative evidence · 65% evidence

Exact sum: 13.5 + 6.3 + 9.7 + 14.1 = 43.6

Decision use: Price leads the evidence: RS versus the benchmark is 22%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

13.5/35Growth & earnings

Revenue 0.9% · PAT — · OPM change -1.3 pp

62% evidence

6.3/25Capital efficiency

ROCE -0.1% · debt/equity 3.51×

80% evidence

9.7/20Valuation

P/E 32.1× · PEG —

15% evidence

14.1/20Relative strength

RS sector 9.7% · RS bench 22% · 1Y 61.9%

100% evidence

14. Boston Omaha Corporation · BOC

41.0/100 · Thin evidence · provisional · 59% evidence

Exact sum: 13.5 + 8.6 + 8.5 + 10.4 = 41

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

13.5/35Growth & earnings

Revenue 3.6% · PAT -480% · OPM change -4.8 pp

62% evidence

8.6/25Capital efficiency

ROCE -0.3% · debt/equity 0.2×

80% evidence

8.5/20Valuation

P/E 579.9× · PEG —

15% evidence

10.4/20Relative strength

RS sector -8.1% · RS bench 4.3% · 1Y 9.7%

70% evidence

15. Brookfield Business Corporation · BBUC

34.4/100 · Adverse evidence · 65% evidence

Exact sum: 11.1 + 9.6 + 9 + 4.7 = 34.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

11.1/35Growth & earnings

Revenue -11.1% · PAT — · OPM change 0.4 pp

62% evidence

9.6/25Capital efficiency

ROCE 2.5% · debt/equity 2.88×

80% evidence

9.0/20Valuation

P/E 163.7× · PEG —

15% evidence

4.7/20Relative strength

RS sector -19.4% · RS bench -9.1% · 1Y 32.5%

100% evidence

16. Matthews International Corporation · MATW

34.1/100 · Adverse evidence · 69% evidence

Exact sum: 10.8 + 7.5 + 5.3 + 10.5 = 34.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

10.8/35Growth & earnings

Revenue -28.9% · PAT — · OPM change -2.6 pp

62% evidence

7.5/25Capital efficiency

ROCE -0.2% · debt/equity 1.24×

80% evidence

5.3/20Valuation

P/E 83.3× · PEG 2.48

65% evidence

10.5/20Relative strength

RS sector -7.5% · RS bench 4.2% · 1Y 25.2%

70% evidence

17. TETRA Technologies, Inc. · TTI

33.5/100 · Adverse evidence · 66% evidence

Exact sum: 10 + 10.6 + 8.9 + 4 = 33.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

10.0/35Growth & earnings

Revenue 4% · PAT -93.2% · OPM change -3.5 pp

83% evidence

10.6/25Capital efficiency

ROCE 0.7% · debt/equity 0.78×

80% evidence

8.9/20Valuation

P/E 170.4× · PEG —

15% evidence

4.0/20Relative strength

RS sector -26.8% · RS bench -19.1% · 1Y 87.6%

70% evidence

18. DMC Global Inc. · BOOM

32.9/100 · Thin evidence · provisional · 59% evidence

Exact sum: 9.8 + 9.5 + 10.1 + 3.5 = 32.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

9.8/35Growth & earnings

Revenue -7.4% · PAT — · OPM change -7.1 pp

62% evidence

9.5/25Capital efficiency

ROCE -0.8% · debt/equity 0.13×

80% evidence

10.1/20Valuation

P/E 22.5× · PEG —

15% evidence

3.5/20Relative strength

RS sector -30.8% · RS bench -21.3% · 1Y -26.7%

70% evidence

19. MaxsMaking Inc. · MAMK

45.8/100 · Thin evidence · provisional · 15% evidence

Exact sum: 16.3 + 9.9 + 9.6 + 10 = 45.8

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

16.3/35Growth & earnings

Revenue — · PAT — · OPM change —

9% evidence

9.9/25Capital efficiency

ROCE -0.3% · debt/equity —

34% evidence

9.6/20Valuation

P/E 39× · PEG —

15% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y 383.3%

0% evidence

20. FTAI Infrastructure Inc. · FIP

38.8/100 · Thin evidence · provisional · 43% evidence

Exact sum: 20.1 + 5.7 + 10 + 3 = 38.8

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.1/35Growth & earnings

Revenue — · PAT — · OPM change 8.8 pp

26% evidence

5.7/25Capital efficiency

ROCE 0.1% · debt/equity 22.08×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

3.0/20Relative strength

RS sector -32.8% · RS bench -24% · 1Y -35.5%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Brookfield Business Corporation has the highest Revenue among the 20 Conglomerates companies compared here, at $11,638 million. Pampa Energía S.A. is next at $2,157 million. Falcon's Beyond Global, Inc. has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Brookfield Business Corporation is the scale leader at $11,638 million, 439.5% ahead of Pampa Energía S.A.. Falcon's Beyond Global, Inc.'s growth is stored at the ≥100% scoring cap; the uncapped TTM change is 171.4% from a $19 million base, with 17 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderBrookfield Business Corporation · $11,638 million

Gap439.5% versus #2 · Pampa Energía S.A.

Persistence4/8 recent comparable periods

Coverage13/20 companies · 347 observations

Investor read: Brookfield Business Corporation is the scale benchmark; Falcon's Beyond Global, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Brookfield Business Corporation's growth falls below Falcon's Beyond Global, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Brookfield Business Corporation BBUC$11.6B

2Pampa Energía S.A. PAM$2.2B

3Deluxe Corporation DLX$2.1B

4Compass Diversified CODI$1.8B

5Otter Tail Corporation OTTR$1.3B

Revenue growthfastest growers

1Falcon's Beyond Global, Inc. FBYD100%

2Tejon Ranch Co. TRC19%

3Pampa Energía S.A. PAM15%

4TETRA Technologies, Inc. TTI4.0%

5Boston Omaha Corporation BOC3.6%

Revenue · company comparison

13/20 level · 13/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Honeywell International Inc. HON	$9.1B	2.4%	Jun 2026
Brookfield Business Corporation BBUC	$6.4B	-4.6%	Mar 2026
3M Company MMM	$6.0B	1.3%	Jun 2026
Seaboard Corporation SEB	$2.4B	-3.2%	Jun 2026
Valmont Industries, Inc. VMI	$1.0B	6.2%	Jun 2026
Pampa Energía S.A. PAM	$573M	38%	Mar 2026
Deluxe Corporation DLX	$538M	0.2%	Mar 2026
Compass Diversified CODI	$427M	-6.0%	Mar 2026
Otter Tail Corporation OTTR	$347M	3.0%	Mar 2026
Matthews International Corporation MATW	$259M	-39%	Mar 2026
FTAI Infrastructure Inc. FIP	$188M	96%	Mar 2026
TETRA Technologies, Inc. TTI	$156M	-0.6%	Mar 2026
DMC Global Inc. BOOM	$136M	-14%	Mar 2026
NN, Inc. NNBR	$118M	11%	Mar 2026
RCM Technologies, Inc. RCMT	$83M	6.4%	Jun 2026
Boston Omaha Corporation BOC	$28M	0.0%	Mar 2026
Mammoth Energy Services, Inc. TUSK	$22M	83%	Mar 2026
MaxsMaking Inc. MAMK	$17M	42%	Dec 2025
Tejon Ranch Co. TRC	$10M	25%	Mar 2026
Falcon's Beyond Global, Inc. FBYD	$5M	150%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 2021$8.9B

Dec 2021$8.6B

Mar 2022$8.8B

Jun 2022$8.7B

Sep 2022$8.6B

Dec 2022$8.1B

Mar 2023$8.0B

Jun 2023$6.3B

Sep 2023$6.3B

Dec 2023$6.0B

Mar 2024$6.0B

Jun 2024$6.3B

Sep 2024$6.3B

Dec 2024$6.0B

Mar 2025$6.0B

Jun 2025$6.3B

Sep 2025$6.5B

Dec 2025$6.1B

Mar 2026$6.0B

Jun 2026—

Brookfield Business Corporation · BBUC

Sep 2021$2.3B

Dec 2021$2.5B

Mar 2022$2.3B

Jun 2022$2.3B

Sep 2022$2.9B

Dec 2022$3.1B

Mar 2023$1.9B

Jun 2023$1.9B

Sep 2023$2.0B

Dec 2023$1.9B

Mar 2024$1.9B

Jun 2024$1.9B

Sep 2024$2.2B

Dec 2024$2.2B

Mar 2025$6.7B

Jun 2025$1.9B

Sep 2025$1.7B

Dec 2025$1.7B

Mar 2026$6.4B

Jun 2026—

Compass Diversified · CODI

Sep 2021$488M

Dec 2021$469M

Mar 2022$511M

Jun 2022$516M

Sep 2022$576M

Dec 2022$319M

Mar 2023$484M

Jun 2023$487M

Sep 2023$521M

Dec 2023$198M

Mar 2024$411M

Jun 2024$427M

Sep 2024$457M

Dec 2024$494M

Mar 2025$454M

Jun 2025$479M

Sep 2025$473M

Dec 2025$469M

Mar 2026$427M

Jun 2026—

Deluxe Corporation · DLX

Sep 2021$532M

Dec 2021$571M

Mar 2022$556M

Jun 2022$563M

Sep 2022$555M

Dec 2022$564M

Mar 2023$545M

Jun 2023$572M

Sep 2023$538M

Dec 2023$537M

Mar 2024$535M

Jun 2024$538M

Sep 2024$528M

Dec 2024$521M

Mar 2025$537M

Jun 2025$521M

Sep 2025$540M

Dec 2025$535M

Mar 2026$538M

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021—

Dec 2021—

Mar 2022$3M

Jun 2022$5M

Sep 2022$4M

Dec 2022$4M

Mar 2023$9M

Jun 2023$5M

Sep 2023$2M

Dec 2023$2M

Mar 2024$2M

Jun 2024$2M

Sep 2024$2M

Dec 2024$1M

Mar 2025$2M

Jun 2025$3M

Sep 2025$4M

Dec 2025$7M

Mar 2026$5M

Jun 2026—

Honeywell International Inc. · HON

Sep 2021$8.5B

Dec 2021$8.7B

Mar 2022$8.4B

Jun 2022$9.0B

Sep 2022$9.0B

Dec 2022$9.2B

Mar 2023$8.9B

Jun 2023$9.1B

Sep 2023$9.2B

Dec 2023$9.4B

Mar 2024$9.1B

Jun 2024$9.6B

Sep 2024$9.7B

Dec 2024$9.2B

Mar 2025$8.9B

Jun 2025$10.4B

Sep 2025$10.4B

Dec 2025$9.8B

Mar 2026$9.1B

Jun 2026—

Matthews International Corporation · MATW

Sep 2021$439M

Dec 2021$439M

Mar 2022$445M

Jun 2022$422M

Sep 2022$457M

Dec 2022$449M

Mar 2023$480M

Jun 2023$472M

Sep 2023$480M

Dec 2023$450M

Mar 2024$471M

Jun 2024$428M

Sep 2024$447M

Dec 2024$402M

Mar 2025$428M

Jun 2025$349M

Sep 2025$319M

Dec 2025$285M

Mar 2026$259M

Jun 2026—

Otter Tail Corporation · OTTR

Sep 2021$316M

Dec 2021$333M

Mar 2022$375M

Jun 2022$400M

Sep 2022$384M

Dec 2022$301M

Mar 2023$339M

Jun 2023$338M

Sep 2023$358M

Dec 2023$314M

Mar 2024$347M

Jun 2024$342M

Sep 2024$338M

Dec 2024$303M

Mar 2025$337M

Jun 2025$333M

Sep 2025$326M

Dec 2025$308M

Mar 2026$347M

Jun 2026—

Pampa Energía S.A. · PAM

Sep 2021$431M

Dec 2021$398M

Mar 2022$396M

Jun 2022$443M

Sep 2022$470M

Dec 2022$416M

Mar 2023$403M

Jun 2023$430M

Sep 2023$435M

Dec 2023$206M

Mar 2024$401M

Jun 2024$491M

Sep 2024$540M

Dec 2024$435M

Mar 2025$414M

Jun 2025$486M

Sep 2025$591M

Dec 2025$507M

Mar 2026$573M

Jun 2026—

Seaboard Corporation · SEB

Sep 2021$2.4B

Dec 2021$2.3B

Mar 2022—

Jun 2022$2.7B

Sep 2022$3.0B

Dec 2022$2.9B

Mar 2023—

Jun 2023$2.5B

Sep 2023$2.4B

Dec 2023$2.3B

Mar 2024$2.2B

Jun 2024$2.2B

Sep 2024$2.2B

Dec 2024$2.5B

Mar 2025$2.3B

Jun 2025$2.5B

Sep 2025$2.5B

Dec 2025$2.4B

Mar 2026—

Jun 2026$2.4B

TETRA Technologies, Inc. · TTI

Sep 2021$95M

Dec 2021$113M

Mar 2022$130M

Jun 2022$141M

Sep 2022$135M

Dec 2022$147M

Mar 2023$146M

Jun 2023$175M

Sep 2023$151M

Dec 2023$153M

Mar 2024$151M

Jun 2024$172M

Sep 2024$142M

Dec 2024$135M

Mar 2025$157M

Jun 2025$174M

Sep 2025$153M

Dec 2025$147M

Mar 2026$156M

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 2021$869M

Dec 2021$963M

Mar 2022$981M

Jun 2022$1.1B

Sep 2022$1.1B

Dec 2022$1.1B

Mar 2023—

Jun 2023$1.1B

Sep 2023$1.0B

Dec 2023$1.0B

Mar 2024$978M

Jun 2024$1.0B

Sep 2024$1.0B

Dec 2024$1.0B

Mar 2025$969M

Jun 2025$1.1B

Sep 2025$1.0B

Dec 2025$1.0B

Mar 2026$1.0B

Jun 2026—

Revenue growth · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-2.8%

Sep 2022-3.6%

Dec 2022-6.2%

Mar 2023-9.0%

Jun 2023-28%

Sep 2023-27%

Dec 2023-26%

Mar 2024-25%

Jun 2024-0.5%

Sep 20240.4%

Dec 20240.1%

Mar 2025-1.0%

Jun 20251.4%

Sep 20253.5%

Dec 20252.1%

Mar 20261.3%

Jun 2026—

Brookfield Business Corporation · BBUC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-5.5%

Sep 202224%

Dec 202226%

Mar 2023-17%

Jun 2023-18%

Sep 2023-32%

Dec 2023-38%

Mar 20240.0%

Jun 20241.1%

Sep 202412%

Dec 202414%

Mar 2025262%

Jun 2025-3.6%

Sep 2025-24%

Dec 2025-25%

Mar 2026-4.6%

Jun 2026—

Compass Diversified · CODI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202219%

Sep 202218%

Dec 2022-32%

Mar 2023-5.3%

Jun 2023-5.6%

Sep 2023-9.6%

Dec 2023-38%

Mar 2024-15%

Jun 2024-12%

Sep 2024-12%

Dec 2024149%

Mar 202510%

Jun 202512%

Sep 20253.5%

Dec 2025-5.1%

Mar 2026-6.0%

Jun 2026—

Deluxe Corporation · DLX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202218%

Sep 20224.3%

Dec 2022-1.2%

Mar 2023-2.0%

Jun 20231.6%

Sep 2023-3.1%

Dec 2023-4.8%

Mar 2024-1.8%

Jun 2024-5.9%

Sep 2024-1.9%

Dec 2024-3.0%

Mar 20250.4%

Jun 2025-3.2%

Sep 20252.3%

Dec 20252.7%

Mar 20260.2%

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023200%

Jun 20230.0%

Sep 2023-50%

Dec 2023-50%

Mar 2024-78%

Jun 2024-60%

Sep 20240.0%

Dec 2024-50%

Mar 20250.0%

Jun 202550%

Sep 2025100%

Dec 2025600%

Mar 2026150%

Jun 2026—

Honeywell International Inc. · HON

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20221.7%

Sep 20225.6%

Dec 20226.1%

Mar 20235.8%

Jun 20232.2%

Sep 20232.9%

Dec 20232.8%

Mar 20242.7%

Jun 20244.7%

Sep 20245.6%

Dec 2024-2.9%

Mar 2025-2.0%

Jun 20258.1%

Sep 20257.0%

Dec 20256.4%

Mar 20262.4%

Jun 2026—

Matthews International Corporation · MATW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-1.4%

Sep 20224.1%

Dec 20222.3%

Mar 20237.9%

Jun 202312%

Sep 20235.0%

Dec 20230.2%

Mar 2024-1.9%

Jun 2024-9.3%

Sep 2024-6.9%

Dec 2024-11%

Mar 2025-9.1%

Jun 2025-18%

Sep 2025-29%

Dec 2025-29%

Mar 2026-39%

Jun 2026—

Otter Tail Corporation · OTTR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202240%

Sep 202222%

Dec 2022-9.6%

Mar 2023-9.6%

Jun 2023-16%

Sep 2023-6.8%

Dec 20234.3%

Mar 20242.4%

Jun 20241.2%

Sep 2024-5.6%

Dec 2024-3.5%

Mar 2025-2.9%

Jun 2025-2.6%

Sep 2025-3.6%

Dec 20251.7%

Mar 20263.0%

Jun 2026—

Pampa Energía S.A. · PAM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202230%

Sep 20229.1%

Dec 20224.5%

Mar 20231.8%

Jun 2023-2.9%

Sep 2023-7.5%

Dec 2023-50%

Mar 2024-0.5%

Jun 202414%

Sep 202424%

Dec 2024111%

Mar 20253.2%

Jun 2025-1.0%

Sep 20259.4%

Dec 202517%

Mar 202638%

Jun 2026—

Seaboard Corporation · SEB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202222%

Dec 202227%

Mar 2023—

Jun 2023-7.8%

Sep 2023-20%

Dec 2023-21%

Mar 2024—

Jun 2024-12%

Sep 2024-7.3%

Dec 20248.8%

Mar 20255.7%

Jun 202512%

Sep 202515%

Dec 2025-2.9%

Mar 2026—

Jun 2026-3.2%

TETRA Technologies, Inc. · TTI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202238%

Sep 202242%

Dec 202230%

Mar 202312%

Jun 202324%

Sep 202312%

Dec 20234.1%

Mar 20243.4%

Jun 2024-1.7%

Sep 2024-6.0%

Dec 2024-12%

Mar 20254.0%

Jun 20251.2%

Sep 20257.8%

Dec 20258.9%

Mar 2026-0.6%

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202227%

Sep 202226%

Dec 202218%

Mar 2023—

Jun 2023-6.5%

Sep 2023-4.7%

Dec 2023-10%

Mar 2024—

Jun 2024-2.1%

Sep 2024-2.5%

Dec 20242.1%

Mar 2025-0.9%

Jun 20251.1%

Sep 20252.6%

Dec 20250.1%

Mar 20266.2%

Jun 2026—

02 · compare level, then change

Operating Economics & Margin Trend

Falcon's Beyond Global, Inc. has the highest OPM among the 20 Conglomerates companies compared here, at 120.7%. Pampa Energía S.A. is next at 31.1%. The same company also holds the highest Margin change, at +491.8 percentage points. 19 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Falcon's Beyond Global, Inc. leads both opm at 120.7% and margin change at +491.8 percentage points.

LeaderFalcon's Beyond Global, Inc. · 120.7%

Gap288.1% versus #2 · Pampa Energía S.A.

Persistence6/8 recent comparable periods

Coverage19/20 companies · 340 observations

Investor read: Falcon's Beyond Global, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1Falcon's Beyond Global, Inc. FBYD121%

2Pampa Energía S.A. PAM31%

3Otter Tail Corporation OTTR25%

43M Company MMM23%

5Honeywell International Inc. HON16%

Margin changefastest expanders

1Falcon's Beyond Global, Inc. FBYD+491.8 pp

2Tejon Ranch Co. TRC+38.8 pp

3FTAI Infrastructure Inc. FIP+8.8 pp

4Mammoth Energy Services, Inc. TUSK+6.1 pp

5Deluxe Corporation DLX+4.3 pp

Operating margin · company comparison

19/20 level · 19/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	OPM	Margin change	Reported
Falcon's Beyond Global, Inc. FBYD	121%	+491.8 pp	Mar 2026
Pampa Energía S.A. PAM	31%	+1.9 pp	Mar 2026
Otter Tail Corporation OTTR	25%	−0.3 pp	Mar 2026
3M Company MMM	23%	+2.3 pp	Jun 2026
Honeywell International Inc. HON	16%	−5.6 pp	Jun 2026
Brookfield Business Corporation BBUC	16%	+0.4 pp	Mar 2026
Valmont Industries, Inc. VMI	15%	+1.9 pp	Jun 2026
Deluxe Corporation DLX	13%	+4.3 pp	Mar 2026
RCM Technologies, Inc. RCMT	7.2%	−92.8 pp	Jun 2026
Seaboard Corporation SEB	4.0%	+1.9 pp	Jun 2026
TETRA Technologies, Inc. TTI	2.3%	−3.5 pp	Mar 2026
FTAI Infrastructure Inc. FIP	1.5%	+8.8 pp	Mar 2026
Compass Diversified CODI	-0.5%	−1.3 pp	Mar 2026
Matthews International Corporation MATW	-1.2%	−2.6 pp	Mar 2026
DMC Global Inc. BOOM	-3.0%	−7.1 pp	Mar 2026
NN, Inc. NNBR	-3.5%	+3.1 pp	Mar 2026
Mammoth Energy Services, Inc. TUSK	-3.9%	+6.1 pp	Mar 2026
Boston Omaha Corporation BOC	-7.7%	−4.8 pp	Mar 2026
Tejon Ranch Co. TRC	-12%	+38.8 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 202120%

Dec 202119%

Mar 202219%

Jun 20221.3%

Sep 202248%

Dec 20227.8%

Mar 202316%

Jun 2023-149%

Sep 2023-49%

Dec 202315%

Mar 202419%

Jun 202420%

Sep 202421%

Dec 202418%

Mar 202521%

Jun 202518%

Sep 202522%

Dec 202513%

Mar 202623%

Jun 2026—

Brookfield Business Corporation · BBUC

Sep 20214.4%

Dec 20219.1%

Mar 20227.0%

Jun 20225.9%

Sep 20225.9%

Dec 20229.4%

Mar 202310%

Jun 20238.9%

Sep 20237.0%

Dec 2023-25%

Mar 20247.9%

Jun 2024-0.4%

Sep 20245.1%

Dec 2024-28%

Mar 202515%

Jun 20255.2%

Sep 20255.0%

Dec 20254.9%

Mar 202616%

Jun 2026—

Compass Diversified · CODI

Sep 20218.6%

Dec 20213.1%

Mar 20228.7%

Jun 20229.8%

Sep 20227.6%

Dec 20222.8%

Mar 20237.1%

Jun 20238.6%

Sep 20233.3%

Dec 2023-83%

Mar 2024-2.9%

Jun 20241.8%

Sep 20241.8%

Dec 2024-3.8%

Mar 20250.8%

Jun 2025-5.7%

Sep 2025-2.3%

Dec 20259.8%

Mar 2026-0.5%

Jun 2026—

Deluxe Corporation · DLX

Sep 20216.8%

Dec 20217.6%

Mar 20225.6%

Jun 20229.2%

Sep 20227.5%

Dec 20228.0%

Mar 20236.3%

Jun 20239.5%

Sep 20234.0%

Dec 20239.5%

Mar 20248.3%

Jun 202411%

Sep 20247.9%

Dec 20249.0%

Mar 20259.0%

Jun 202512%

Sep 202514%

Dec 20258.9%

Mar 202613%

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021—

Dec 2021—

Mar 2022-99%

Jun 2022-106%

Sep 2022-125%

Dec 2022-153%

Mar 2023-97%

Jun 2023-143%

Sep 2023—

Dec 2023-944%

Mar 2024-351%

Jun 2024-196%

Sep 2024-119%

Dec 2024-336%

Mar 2025-371%

Jun 2025-53%

Sep 2025-91%

Dec 2025-31%

Mar 2026121%

Jun 2026—

Honeywell International Inc. · HON

Sep 202121%

Dec 202123%

Mar 202219%

Jun 202220%

Sep 202223%

Dec 2022-1.6%

Mar 202322%

Jun 202323%

Sep 202324%

Dec 202318%

Mar 202423%

Jun 202423%

Sep 202422%

Dec 202418%

Mar 202522%

Jun 202521%

Sep 202525%

Dec 202510%

Mar 202616%

Jun 2026—

Matthews International Corporation · MATW

Sep 20211.7%

Dec 20212.5%

Mar 20221.7%

Jun 20222.6%

Sep 2022-16%

Dec 20223.8%

Mar 20234.8%

Jun 20234.6%

Sep 20235.5%

Dec 20232.1%

Mar 20244.5%

Jun 20241.6%

Sep 2024-11%

Dec 20241.4%

Mar 20251.4%

Jun 202522%

Sep 2025-3.6%

Dec 202534%

Mar 2026-1.2%

Jun 2026—

Otter Tail Corporation · OTTR

Sep 202124%

Dec 202121%

Mar 202226%

Jun 202230%

Sep 202230%

Dec 202218%

Mar 202324%

Jun 202331%

Sep 202334%

Dec 202322%

Mar 202427%

Jun 202432%

Sep 202432%

Dec 202422%

Mar 202525%

Jun 202529%

Sep 202530%

Dec 202522%

Mar 202625%

Jun 2026—

Pampa Energía S.A. · PAM

Sep 202148%

Dec 202128%

Mar 202233%

Jun 202230%

Sep 202244%

Dec 202237%

Mar 202331%

Jun 202332%

Sep 202335%

Dec 20231.9%

Mar 202430%

Jun 202424%

Sep 202429%

Dec 202411%

Mar 202529%

Jun 202523%

Sep 202528%

Dec 202520%

Mar 202631%

Jun 2026—

Seaboard Corporation · SEB

Sep 20216.8%

Dec 20214.9%

Mar 2022—

Jun 20225.4%

Sep 20226.5%

Dec 20225.4%

Mar 2023—

Jun 2023-2.5%

Sep 2023-0.2%

Dec 2023-3.8%

Mar 2024-0.9%

Jun 20241.4%

Sep 20241.4%

Dec 20244.6%

Mar 20251.6%

Jun 20252.1%

Sep 20253.3%

Dec 20252.7%

Mar 2026—

Jun 20264.0%

TETRA Technologies, Inc. · TTI

Sep 2021-12%

Dec 2021-6.9%

Mar 2022-1.2%

Jun 2022-4.4%

Sep 2022-2.9%

Dec 2022-3.5%

Mar 20230.6%

Jun 20236.5%

Sep 20231.1%

Dec 2023-6.0%

Mar 20240.0%

Jun 20247.2%

Sep 20242.1%

Dec 2024-1.0%

Mar 20255.8%

Jun 20257.9%

Sep 20251.1%

Dec 2025-7.0%

Mar 20262.3%

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 20218.8%

Dec 20215.3%

Mar 20229.7%

Jun 202211%

Sep 202210%

Dec 20229.7%

Mar 2023—

Jun 202311%

Sep 202313%

Dec 20236.3%

Mar 202414%

Jun 202414%

Sep 202412%

Dec 202412%

Mar 202513%

Jun 20252.8%

Sep 202514%

Dec 202511%

Mar 202615%

Jun 2026—

Margin change · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−20.7 pp

Sep 2022+28.2 pp

Dec 2022−11.0 pp

Mar 2023−3.1 pp

Jun 2023−150.2 pp

Sep 2023−97.6 pp

Dec 2023+7.2 pp

Mar 2024+3.6 pp

Jun 2024+169.2 pp

Sep 2024+70.3 pp

Dec 2024+3.1 pp

Mar 2025+1.8 pp

Jun 2025−2.3 pp

Sep 2025+1.3 pp

Dec 2025−5.1 pp

Mar 2026+2.3 pp

Jun 2026—

Brookfield Business Corporation · BBUC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+1.7 pp

Sep 2022+1.5 pp

Dec 2022+0.3 pp

Mar 2023+3.1 pp

Jun 2023+3.0 pp

Sep 2023+1.1 pp

Dec 2023−34.1 pp

Mar 2024−2.2 pp

Jun 2024−9.3 pp

Sep 2024−1.9 pp

Dec 2024−3.7 pp

Mar 2025+7.5 pp

Jun 2025+5.6 pp

Sep 2025−0.1 pp

Dec 2025+33.3 pp

Mar 2026+0.4 pp

Jun 2026—

Compass Diversified · CODI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+1.4 pp

Sep 2022−1.0 pp

Dec 2022−0.3 pp

Mar 2023−1.6 pp

Jun 2023−1.2 pp

Sep 2023−4.3 pp

Dec 2023−85.3 pp

Mar 2024−10.0 pp

Jun 2024−6.8 pp

Sep 2024−1.5 pp

Dec 2024+78.7 pp

Mar 2025+3.7 pp

Jun 2025−7.5 pp

Sep 2025−4.1 pp

Dec 2025+13.6 pp

Mar 2026−1.3 pp

Jun 2026—

Deluxe Corporation · DLX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+3.7 pp

Sep 2022+0.7 pp

Dec 2022+0.4 pp

Mar 2023+0.7 pp

Jun 2023+0.3 pp

Sep 2023−3.5 pp

Dec 2023+1.5 pp

Mar 2024+2.0 pp

Jun 2024+1.5 pp

Sep 2024+3.9 pp

Dec 2024−0.5 pp

Mar 2025+0.7 pp

Jun 2025+0.7 pp

Sep 2025+6.1 pp

Dec 2025−0.1 pp

Mar 2026+4.3 pp

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023+2.1 pp

Jun 2023−36.3 pp

Sep 2023−1,165.5 pp

Dec 2023−791.6 pp

Mar 2024−253.7 pp

Jun 2024−53.4 pp

Sep 2024+1,171.7 pp

Dec 2024+608.5 pp

Mar 2025−20.6 pp

Jun 2025+142.9 pp

Sep 2025+28.0 pp

Dec 2025+304.7 pp

Mar 2026+491.8 pp

Jun 2026—

Honeywell International Inc. · HON

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−2.3 pp

Sep 2022+2.1 pp

Dec 2022−24.1 pp

Mar 2023+3.0 pp

Jun 2023+2.9 pp

Sep 2023+0.4 pp

Dec 2023+19.6 pp

Mar 2024+1.0 pp

Jun 2024+0.3 pp

Sep 2024−1.8 pp

Dec 2024−0.3 pp

Mar 2025−1.2 pp

Jun 2025−1.9 pp

Sep 2025+3.0 pp

Dec 2025−7.5 pp

Mar 2026−5.6 pp

Jun 2026—

Matthews International Corporation · MATW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+0.4 pp

Sep 2022−17.7 pp

Dec 2022+1.3 pp

Mar 2023+3.1 pp

Jun 2023+2.0 pp

Sep 2023+21.5 pp

Dec 2023−1.7 pp

Mar 2024−0.3 pp

Jun 2024−3.0 pp

Sep 2024−16.6 pp

Dec 2024−0.7 pp

Mar 2025−3.1 pp

Jun 2025+19.9 pp

Sep 2025+7.5 pp

Dec 2025+32.8 pp

Mar 2026−2.6 pp

Jun 2026—

Otter Tail Corporation · OTTR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+9.4 pp

Sep 2022+6.7 pp

Dec 2022−3.2 pp

Mar 2023−2.4 pp

Jun 2023+1.1 pp

Sep 2023+3.5 pp

Dec 2023+4.1 pp

Mar 2024+3.6 pp

Jun 2024+1.0 pp

Sep 2024−2.0 pp

Dec 2024−0.3 pp

Mar 2025−2.5 pp

Jun 2025−3.1 pp

Sep 2025−2.1 pp

Dec 2025−0.1 pp

Mar 2026−0.3 pp

Jun 2026—

Pampa Energía S.A. · PAM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−14.7 pp

Sep 2022−4.6 pp

Dec 2022+8.8 pp

Mar 2023−1.4 pp

Jun 2023+1.6 pp

Sep 2023−8.8 pp

Dec 2023−34.9 pp

Mar 2024−1.5 pp

Jun 2024−7.7 pp

Sep 2024−6.3 pp

Dec 2024+9.1 pp

Mar 2025−0.5 pp

Jun 2025−1.0 pp

Sep 2025−0.1 pp

Dec 2025+8.9 pp

Mar 2026+1.9 pp

Jun 2026—

Seaboard Corporation · SEB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.3 pp

Dec 2022+0.5 pp

Mar 2023—

Jun 2023−7.9 pp

Sep 2023−6.7 pp

Dec 2023−9.2 pp

Mar 2024—

Jun 2024+3.9 pp

Sep 2024+1.6 pp

Dec 2024+8.4 pp

Mar 2025+2.5 pp

Jun 2025+0.7 pp

Sep 2025+1.9 pp

Dec 2025−1.9 pp

Mar 2026—

Jun 2026+1.9 pp

TETRA Technologies, Inc. · TTI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+5.0 pp

Sep 2022+8.9 pp

Dec 2022+3.4 pp

Mar 2023+1.8 pp

Jun 2023+10.9 pp

Sep 2023+4.0 pp

Dec 2023−2.5 pp

Mar 2024−0.6 pp

Jun 2024+0.7 pp

Sep 2024+1.0 pp

Dec 2024+5.0 pp

Mar 2025+5.8 pp

Jun 2025+0.7 pp

Sep 2025−1.0 pp

Dec 2025−6.0 pp

Mar 2026−3.5 pp

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+1.3 pp

Sep 2022+1.2 pp

Dec 2022+4.4 pp

Mar 2023—

Jun 2023+0.6 pp

Sep 2023+2.8 pp

Dec 2023−3.4 pp

Mar 2024—

Jun 2024+3.1 pp

Sep 2024−0.5 pp

Dec 2024+5.3 pp

Mar 2025−0.3 pp

Jun 2025−11.4 pp

Sep 2025+1.2 pp

Dec 2025−0.4 pp

Mar 2026+1.9 pp

Jun 2026—

03 · compare level, then change

Profit Scale & Acceleration

Pampa Energía S.A. has the highest Net profit among the 20 Conglomerates companies compared here, at $440 million. Otter Tail Corporation is next at $281 million. Deluxe Corporation has the highest Profit growth at 85.7%, so level and change sit with different companies. 13 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Pampa Energía S.A. leads with $440 million of TTM profit, 56.6% above Otter Tail Corporation. Deluxe Corporation shows 85.7% growth from a $104 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderPampa Energía S.A. · $440 million

Gap56.6% versus #2 · Otter Tail Corporation

Persistence4/8 recent comparable periods

Coverage13/20 companies · 347 observations

Investor read: Pampa Energía S.A. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Pampa Energía S.A. PAM$440M

2Otter Tail Corporation OTTR$281M

3Deluxe Corporation DLX$104M

4Falcon's Beyond Global, Inc. FBYD$21M

5Matthews International Corporation MATW$10M

Profit growthfastest growers

1Deluxe Corporation DLX86%

2Otter Tail Corporation OTTR-4.8%

3Pampa Energía S.A. PAM-13%

4TETRA Technologies, Inc. TTI-93%

Net profit · company comparison

13/20 level · 4/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Net profit	Profit growth	Reported
Honeywell International Inc. HON	$795M	-39%	Jun 2026
3M Company MMM	$657M	-41%	Jun 2026
Brookfield Business Corporation BBUC	$216M	-16%	Mar 2026
Pampa Energía S.A. PAM	$216M	40%	Mar 2026
Seaboard Corporation SEB	$120M	15%	Jun 2026
Valmont Industries, Inc. VMI	$108M	24%	Jun 2026
Otter Tail Corporation OTTR	$73M	7.4%	Mar 2026
Deluxe Corporation DLX	$36M	157%	Mar 2026
TETRA Technologies, Inc. TTI	$8M	100%	Mar 2026
Falcon's Beyond Global, Inc. FBYD	$6M	-126%	Mar 2026
Mammoth Energy Services, Inc. TUSK	$5M	-250%	Mar 2026
RCM Technologies, Inc. RCMT	$4M	0.0%	Jun 2026
Tejon Ranch Co. TRC	$0M	-50%	Mar 2026
MaxsMaking Inc. MAMK	$0M	-100%	Dec 2025
Boston Omaha Corporation BOC	$-3M	-170%	Mar 2026
NN, Inc. NNBR	$-7M	—	Mar 2026
DMC Global Inc. BOOM	$-7M	-450%	Mar 2026
Matthews International Corporation MATW	$-22M	650%	Mar 2026
Compass Diversified CODI	$-31M	-1,140%	Mar 2026
FTAI Infrastructure Inc. FIP	$-127M	-206%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 2021$1.4B

Dec 2021$1.3B

Mar 2022$1.3B

Jun 2022$83M

Sep 2022$3.9B

Dec 2022$535M

Mar 2023$979M

Jun 2023$-7.2B

Sep 2023$-2.5B

Dec 2023$625M

Mar 2024$709M

Jun 2024$1.2B

Sep 2024$1.4B

Dec 2024$726M

Mar 2025$1.1B

Jun 2025$678M

Sep 2025$839M

Dec 2025$573M

Mar 2026$657M

Jun 2026—

Brookfield Business Corporation · BBUC

Sep 2021$-21M

Dec 2021$121M

Mar 2022$-163M

Jun 2022$1.1B

Sep 2022$31M

Dec 2022$149M

Mar 2023$-182M

Jun 2023$195M

Sep 2023$40M

Dec 2023$-1.0B

Mar 2024$-174M

Jun 2024$40M

Sep 2024$-511M

Dec 2024$-1.3B

Mar 2025$256M

Jun 2025$-23M

Sep 2025$-578M

Dec 2025$-265M

Mar 2026$216M

Jun 2026—

Compass Diversified · CODI

Sep 2021$19M

Dec 2021$4M

Mar 2022$18M

Jun 2022$27M

Sep 2022$-3M

Dec 2022$-26M

Mar 2023$2M

Jun 2023$10M

Sep 2023$-14M

Dec 2023$-272M

Mar 2024$-89M

Jun 2024$-104M

Sep 2024$-64M

Dec 2024$-53M

Mar 2025$-50M

Jun 2025$-81M

Sep 2025$-87M

Dec 2025$33M

Mar 2026$-31M

Jun 2026—

Deluxe Corporation · DLX

Sep 2021$13M

Dec 2021$14M

Mar 2022$10M

Jun 2022$22M

Sep 2022$15M

Dec 2022$19M

Mar 2023$3M

Jun 2023$16M

Sep 2023$-8M

Dec 2023$15M

Mar 2024$11M

Jun 2024$20M

Sep 2024$9M

Dec 2024$13M

Mar 2025$14M

Jun 2025$22M

Sep 2025$34M

Dec 2025$12M

Mar 2026$36M

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021—

Dec 2021—

Mar 2022$-3M

Jun 2022$-5M

Sep 2022$-5M

Dec 2022$-5M

Mar 2023$-10M

Jun 2023$-9M

Sep 2023$4M

Dec 2023$-417M

Mar 2024$114M

Jun 2024$8M

Sep 2024$39M

Dec 2024$-12M

Mar 2025$-8M

Jun 2025$25M

Sep 2025$-10M

Dec 2025$0M

Mar 2026$6M

Jun 2026—

Honeywell International Inc. · HON

Sep 2021$1.3B

Dec 2021$1.4B

Mar 2022$1.1B

Jun 2022$1.3B

Sep 2022$1.5B

Dec 2022$1.0B

Mar 2023$1.4B

Jun 2023$1.5B

Sep 2023$1.5B

Dec 2023$1.2B

Mar 2024$1.5B

Jun 2024$1.6B

Sep 2024$1.4B

Dec 2024$1.1B

Mar 2025$1.3B

Jun 2025$1.6B

Sep 2025$1.9B

Dec 2025$304M

Mar 2026$795M

Jun 2026—

Matthews International Corporation · MATW

Sep 2021$-4M

Dec 2021$-20M

Mar 2022$-2M

Jun 2022$3M

Sep 2022$-81M

Dec 2022$4M

Mar 2023$9M

Jun 2023$9M

Sep 2023$18M

Dec 2023$-2M

Mar 2024$9M

Jun 2024$2M

Sep 2024$-68M

Dec 2024$-3M

Mar 2025$-9M

Jun 2025$15M

Sep 2025$-27M

Dec 2025$44M

Mar 2026$-22M

Jun 2026—

Otter Tail Corporation · OTTR

Sep 2021$53M

Dec 2021$52M

Mar 2022$72M

Jun 2022$86M

Sep 2022$84M

Dec 2022$42M

Mar 2023$62M

Jun 2023$82M

Sep 2023$92M

Dec 2023$58M

Mar 2024$74M

Jun 2024$87M

Sep 2024$85M

Dec 2024$55M

Mar 2025$68M

Jun 2025$78M

Sep 2025$78M

Dec 2025$52M

Mar 2026$73M

Jun 2026—

Pampa Energía S.A. · PAM

Sep 2021$129M

Dec 2021$43M

Mar 2022$94M

Jun 2022$66M

Sep 2022$163M

Dec 2022$126M

Mar 2023$129M

Jun 2023$165M

Sep 2023$145M

Dec 2023$-103M

Mar 2024$268M

Jun 2024$98M

Sep 2024$146M

Dec 2024$106M

Mar 2025$154M

Jun 2025$39M

Sep 2025$23M

Dec 2025$162M

Mar 2026$216M

Jun 2026—

Seaboard Corporation · SEB

Sep 2021$176M

Dec 2021$94M

Mar 2022—

Jun 2022$104M

Sep 2022$108M

Dec 2022$146M

Mar 2023—

Jun 2023$-16M

Sep 2023$52M

Dec 2023$65M

Mar 2024$22M

Jun 2024$61M

Sep 2024$-149M

Dec 2024$156M

Mar 2025$32M

Jun 2025$104M

Sep 2025$110M

Dec 2025$255M

Mar 2026—

Jun 2026$120M

TETRA Technologies, Inc. · TTI

Sep 2021$2M

Dec 2021$-1M

Mar 2022$8M

Jun 2022$2M

Sep 2022$0M

Dec 2022$-2M

Mar 2023$6M

Jun 2023$18M

Sep 2023$5M

Dec 2023$-4M

Mar 2024$1M

Jun 2024$8M

Sep 2024$3M

Dec 2024$102M

Mar 2025$4M

Jun 2025$11M

Sep 2025$4M

Dec 2025$-15M

Mar 2026$8M

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 2021$52M

Dec 2021$28M

Mar 2022$63M

Jun 2022$77M

Sep 2022$73M

Dec 2022$41M

Mar 2023—

Jun 2023$72M

Sep 2023$89M

Dec 2023$34M

Mar 2024$88M

Jun 2024$101M

Sep 2024$83M

Dec 2024$78M

Mar 2025$87M

Jun 2025$-3M

Sep 2025$101M

Dec 2025$169M

Mar 2026$108M

Jun 2026—

Profit growth · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-95%

Sep 2022169%

Dec 2022-60%

Mar 2023-25%

Jun 2023-8,737%

Sep 2023-165%

Dec 202317%

Mar 2024-28%

Jun 2024—

Sep 2024—

Dec 202416%

Mar 202558%

Jun 2025-44%

Sep 2025-39%

Dec 2025-21%

Mar 2026-41%

Jun 2026—

Brookfield Business Corporation · BBUC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 202223%

Mar 2023—

Jun 2023-81%

Sep 202329%

Dec 2023-795%

Mar 2024—

Jun 2024-79%

Sep 2024-1,378%

Dec 2024—

Mar 2025—

Jun 2025-158%

Sep 2025—

Dec 2025—

Mar 2026-16%

Jun 2026—

Compass Diversified · CODI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-116%

Dec 2022-750%

Mar 2023-89%

Jun 2023-63%

Sep 2023—

Dec 2023—

Mar 2024-4,550%

Jun 2024-1,140%

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Deluxe Corporation · DLX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202283%

Sep 202215%

Dec 202236%

Mar 2023-70%

Jun 2023-27%

Sep 2023-153%

Dec 2023-21%

Mar 2024267%

Jun 202425%

Sep 2024—

Dec 2024-13%

Mar 202527%

Jun 202510%

Sep 2025278%

Dec 2025-7.7%

Mar 2026157%

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024875%

Dec 2024—

Mar 2025-107%

Jun 2025213%

Sep 2025-126%

Dec 2025—

Mar 2026—

Jun 2026—

Honeywell International Inc. · HON

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-13%

Sep 202222%

Dec 2022-29%

Mar 202324%

Jun 202319%

Sep 2023-2.2%

Dec 202322%

Mar 20244.8%

Jun 20243.9%

Sep 2024-6.6%

Dec 2024-8.4%

Mar 2025-12%

Jun 20250.6%

Sep 202531%

Dec 2025-73%

Mar 2026-39%

Jun 2026—

Matthews International Corporation · MATW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20220.0%

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023200%

Sep 2023—

Dec 2023-150%

Mar 20240.0%

Jun 2024-78%

Sep 2024-478%

Dec 2024—

Mar 2025-200%

Jun 2025650%

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Otter Tail Corporation · OTTR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022105%

Sep 202258%

Dec 2022-19%

Mar 2023-14%

Jun 2023-4.7%

Sep 20239.5%

Dec 202338%

Mar 202419%

Jun 20246.1%

Sep 2024-7.6%

Dec 2024-5.2%

Mar 2025-8.1%

Jun 2025-10%

Sep 2025-8.2%

Dec 2025-5.5%

Mar 20267.4%

Jun 2026—

Pampa Energía S.A. · PAM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-41%

Sep 202226%

Dec 2022193%

Mar 202337%

Jun 2023150%

Sep 2023-11%

Dec 2023-182%

Mar 2024108%

Jun 2024-41%

Sep 20240.7%

Dec 2024—

Mar 2025-43%

Jun 2025-60%

Sep 2025-84%

Dec 202553%

Mar 202640%

Jun 2026—

Seaboard Corporation · SEB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-39%

Dec 202255%

Mar 2023—

Jun 2023-115%

Sep 2023-52%

Dec 2023-55%

Mar 2024—

Jun 2024—

Sep 2024-387%

Dec 2024140%

Mar 202545%

Jun 202570%

Sep 2025—

Dec 202563%

Mar 2026—

Jun 202615%

TETRA Technologies, Inc. · TTI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-100%

Dec 2022—

Mar 2023-25%

Jun 2023800%

Sep 2023—

Dec 2023—

Mar 2024-83%

Jun 2024-56%

Sep 2024-40%

Dec 2024—

Mar 2025300%

Jun 202538%

Sep 202533%

Dec 2025-115%

Mar 2026100%

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202222%

Sep 202240%

Dec 202246%

Mar 2023—

Jun 2023-6.5%

Sep 202322%

Dec 2023-17%

Mar 2024—

Jun 202440%

Sep 2024-6.7%

Dec 2024129%

Mar 2025-1.1%

Jun 2025-103%

Sep 202522%

Dec 2025117%

Mar 202624%

Jun 2026—

04 · compare level, then change

Capacity Spending & Returns On It

Brookfield Business Corporation has the highest CAPEX among the 20 Conglomerates companies compared here, at $489 million. Honeywell International Inc. is next at $315 million. Mammoth Energy Services, Inc. has the highest CAPEX intensity at 54.5%, so level and change sit with different companies. 20 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Brookfield Business Corporation reports $489 million of CAPEX; Mammoth Energy Services, Inc. has the highest covered intensity at 54.5%. Coverage is only 20 of 20 companies and 339 reported observations, so this is partial evidence—not a complete sector rank.

LeaderBrookfield Business Corporation · $489 million

Gap55.2% versus #2 · Honeywell International Inc.

Persistence8/8 recent comparable periods

Coverage20/20 companies · 339 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

CAPEXlargest spenders

1Brookfield Business Corporation BBUC$489M

2Honeywell International Inc. HON$315M

3Pampa Energía S.A. PAM$265M

43M Company MMM$223M

5Otter Tail Corporation OTTR$185M

CAPEX intensityhighest reinvestment intensity

1Mammoth Energy Services, Inc. TUSK55%

2Otter Tail Corporation OTTR53%

3Pampa Energía S.A. PAM46%

4Tejon Ranch Co. TRC40%

5FTAI Infrastructure Inc. FIP25%

Capital expenditure · company comparison

20/20 level · 20/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	CAPEX	CAPEX intensity	Reported
Brookfield Business Corporation BBUC	$489M	7.6%	Mar 2026
Honeywell International Inc. HON	$315M	2.4%	Jun 2026
Pampa Energía S.A. PAM	$265M	46%	Mar 2026
3M Company MMM	$223M	3.7%	Jun 2026
Otter Tail Corporation OTTR	$185M	53%	Mar 2026
Seaboard Corporation SEB	$96M	4.0%	Jun 2026
FTAI Infrastructure Inc. FIP	$46M	25%	Mar 2026
Valmont Industries, Inc. VMI	$36M	3.4%	Jun 2026
Deluxe Corporation DLX	$25M	4.6%	Mar 2026
TETRA Technologies, Inc. TTI	$19M	12%	Mar 2026
Mammoth Energy Services, Inc. TUSK	$12M	55%	Mar 2026
Boston Omaha Corporation BOC	$6M	21%	Mar 2026
Compass Diversified CODI	$5M	1.2%	Mar 2026
Matthews International Corporation MATW	$4M	1.5%	Mar 2026
Tejon Ranch Co. TRC	$4M	40%	Mar 2026
NN, Inc. NNBR	$3M	2.5%	Mar 2026
DMC Global Inc. BOOM	$2M	1.5%	Mar 2026
Falcon's Beyond Global, Inc. FBYD	$0M	0.0%	Mar 2026
MaxsMaking Inc. MAMK	$0M	0.0%	Dec 2025
RCM Technologies, Inc. RCMT	$0M	0.0%	Jun 2026

Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 2021$343M

Dec 2021$556M

Mar 2022$424M

Jun 2022$384M

Sep 2022$435M

Dec 2022$506M

Mar 2023$475M

Jun 2023$377M

Sep 2023$405M

Dec 2023$358M

Mar 2024$375M

Jun 2024$269M

Sep 2024$246M

Dec 2024$291M

Mar 2025$236M

Jun 2025$208M

Sep 2025$218M

Dec 2025$248M

Mar 2026$225M

Jun 2026$223M

Brookfield Business Corporation · BBUC

Sep 2021$376M

Dec 2021$144M

Mar 2022$144M

Jun 2022$129M

Sep 2022$166M

Dec 2022$216M

Mar 2023$173M

Jun 2023$160M

Sep 2023$171M

Dec 2023$130M

Mar 2024$76M

Jun 2024$78M

Sep 2024$74M

Dec 2024$69M

Mar 2025$494M

Jun 2025$71M

Sep 2025$52M

Dec 2025$73M

Mar 2026$489M

Jun 2026—

Compass Diversified · CODI

Sep 2021$12M

Dec 2021$12M

Mar 2022$10M

Jun 2022$14M

Sep 2022$15M

Dec 2022$25M

Mar 2023$15M

Jun 2023$14M

Sep 2023$10M

Dec 2023$16M

Mar 2024$8M

Jun 2024$11M

Sep 2024$15M

Dec 2024$23M

Mar 2025$13M

Jun 2025$11M

Sep 2025$10M

Dec 2025$10M

Mar 2026$5M

Jun 2026—

Deluxe Corporation · DLX

Sep 2021$34M

Dec 2021$28M

Mar 2022$21M

Jun 2022$24M

Sep 2022$28M

Dec 2022$31M

Mar 2023$26M

Jun 2023$30M

Sep 2023$25M

Dec 2023$20M

Mar 2024$20M

Jun 2024$28M

Sep 2024$21M

Dec 2024$25M

Mar 2025$26M

Jun 2025$23M

Sep 2025$23M

Dec 2025$23M

Mar 2026$25M

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022$0M

Mar 2023$0M

Jun 2023$0M

Sep 2023$0M

Dec 2023$0M

Mar 2024$0M

Jun 2024$0M

Sep 2024$0M

Dec 2024$0M

Mar 2025$0M

Jun 2025$0M

Sep 2025$0M

Dec 2025$0M

Mar 2026$0M

Jun 2026—

Honeywell International Inc. · HON

Sep 2021$208M

Dec 2021$281M

Mar 2022$183M

Jun 2022$158M

Sep 2022$184M

Dec 2022$241M

Mar 2023$193M

Jun 2023$233M

Sep 2023$249M

Dec 2023$364M

Mar 2024$233M

Jun 2024$259M

Sep 2024$279M

Dec 2024$393M

Mar 2025$190M

Jun 2025$226M

Sep 2025$374M

Dec 2025$58M

Mar 2026$223M

Jun 2026$315M

Matthews International Corporation · MATW

Sep 2021$10M

Dec 2021$13M

Mar 2022$15M

Jun 2022$13M

Sep 2022$21M

Dec 2022$12M

Mar 2023$11M

Jun 2023$13M

Sep 2023$13M

Dec 2023$14M

Mar 2024$10M

Jun 2024$9M

Sep 2024$12M

Dec 2024$10M

Mar 2025$9M

Jun 2025$8M

Sep 2025$9M

Dec 2025$5M

Mar 2026$4M

Jun 2026—

Otter Tail Corporation · OTTR

Sep 2021$40M

Dec 2021$55M

Mar 2022$29M

Jun 2022$42M

Sep 2022$52M

Dec 2022$48M

Mar 2023$98M

Jun 2023$53M

Sep 2023$78M

Dec 2023$57M

Mar 2024$74M

Jun 2024$101M

Sep 2024$84M

Dec 2024$99M

Mar 2025$58M

Jun 2025$66M

Sep 2025$89M

Dec 2025$75M

Mar 2026$185M

Jun 2026—

Pampa Energía S.A. · PAM

Sep 2021$64M

Dec 2021$73M

Mar 2022$71M

Jun 2022$86M

Sep 2022$101M

Dec 2022$158M

Mar 2023$168M

Jun 2023$124M

Sep 2023$75M

Dec 2023—

Mar 2024$128M

Jun 2024$110M

Sep 2024$90M

Dec 2024$97M

Mar 2025$162M

Jun 2025—

Sep 2025$307M

Dec 2025$242M

Mar 2026$265M

Jun 2026—

Seaboard Corporation · SEB

Sep 2021$127M

Dec 2021$101M

Mar 2022—

Jun 2022$161M

Sep 2022$112M

Dec 2022$94M

Mar 2023—

Jun 2023$111M

Sep 2023$108M

Dec 2023$162M

Mar 2024$104M

Jun 2024$133M

Sep 2024$136M

Dec 2024$138M

Mar 2025$109M

Jun 2025$151M

Sep 2025$167M

Dec 2025$135M

Mar 2026—

Jun 2026$96M

TETRA Technologies, Inc. · TTI

Sep 2021$2M

Dec 2021$6M

Mar 2022$9M

Jun 2022$11M

Sep 2022$12M

Dec 2022$7M

Mar 2023$13M

Jun 2023$10M

Sep 2023$7M

Dec 2023$8M

Mar 2024$16M

Jun 2024$15M

Sep 2024$15M

Dec 2024$15M

Mar 2025$18M

Jun 2025$19M

Sep 2025$16M

Dec 2025$28M

Mar 2026$19M

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 2021$32M

Dec 2021$27M

Mar 2022$27M

Jun 2022$23M

Sep 2022$17M

Dec 2022$26M

Mar 2023—

Jun 2023$22M

Sep 2023$23M

Dec 2023$26M

Mar 2024$15M

Jun 2024$18M

Sep 2024$21M

Dec 2024$26M

Mar 2025$30M

Jun 2025$32M

Sep 2025$42M

Dec 2025$41M

Mar 2026$35M

Jun 2026$36M

CAPEX intensity · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 20213.8%

Dec 20216.5%

Mar 20224.8%

Jun 20224.4%

Sep 20225.0%

Dec 20226.3%

Mar 20235.9%

Jun 20236.0%

Sep 20236.5%

Dec 20236.0%

Mar 20246.2%

Jun 20244.3%

Sep 20243.9%

Dec 20244.8%

Mar 20254.0%

Jun 20253.3%

Sep 20253.3%

Dec 20254.0%

Mar 20263.7%

Jun 2026—

Brookfield Business Corporation · BBUC

Sep 202116%

Dec 20215.8%

Mar 20226.4%

Jun 20225.6%

Sep 20225.7%

Dec 20226.9%

Mar 20239.3%

Jun 20238.4%

Sep 20238.7%

Dec 20236.7%

Mar 20244.1%

Jun 20244.0%

Sep 20243.4%

Dec 20243.1%

Mar 20257.3%

Jun 20253.8%

Sep 20253.1%

Dec 20254.4%

Mar 20267.6%

Jun 2026—

Compass Diversified · CODI

Sep 20212.5%

Dec 20212.6%

Mar 20222.0%

Jun 20222.7%

Sep 20222.6%

Dec 20227.8%

Mar 20233.1%

Jun 20232.9%

Sep 20231.9%

Dec 20238.1%

Mar 20241.9%

Jun 20242.6%

Sep 20243.3%

Dec 20244.7%

Mar 20252.9%

Jun 20252.3%

Sep 20252.1%

Dec 20252.1%

Mar 20261.2%

Jun 2026—

Deluxe Corporation · DLX

Sep 20216.4%

Dec 20214.9%

Mar 20223.8%

Jun 20224.3%

Sep 20225.0%

Dec 20225.5%

Mar 20234.8%

Jun 20235.2%

Sep 20234.6%

Dec 20233.7%

Mar 20243.7%

Jun 20245.2%

Sep 20244.0%

Dec 20244.8%

Mar 20254.8%

Jun 20254.4%

Sep 20254.3%

Dec 20254.3%

Mar 20264.6%

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20220.0%

Mar 20230.0%

Jun 20230.0%

Sep 20230.0%

Dec 20230.0%

Mar 20240.0%

Jun 20240.0%

Sep 20240.0%

Dec 20240.0%

Mar 20250.0%

Jun 20250.0%

Sep 20250.0%

Dec 20250.0%

Mar 20260.0%

Jun 2026—

Honeywell International Inc. · HON

Sep 20212.5%

Dec 20213.2%

Mar 20222.2%

Jun 20221.8%

Sep 20222.1%

Dec 20222.6%

Mar 20232.2%

Jun 20232.5%

Sep 20232.7%

Dec 20233.9%

Mar 20242.6%

Jun 20242.7%

Sep 20242.9%

Dec 20244.3%

Mar 20252.1%

Jun 20252.2%

Sep 20253.6%

Dec 20250.6%

Mar 20262.4%

Jun 2026—

Matthews International Corporation · MATW

Sep 20212.3%

Dec 20213.0%

Mar 20223.4%

Jun 20223.1%

Sep 20224.6%

Dec 20222.7%

Mar 20232.3%

Jun 20232.8%

Sep 20232.7%

Dec 20233.1%

Mar 20242.1%

Jun 20242.1%

Sep 20242.7%

Dec 20242.5%

Mar 20252.1%

Jun 20252.3%

Sep 20252.8%

Dec 20251.8%

Mar 20261.5%

Jun 2026—

Otter Tail Corporation · OTTR

Sep 202113%

Dec 202117%

Mar 20227.7%

Jun 202211%

Sep 202214%

Dec 202216%

Mar 202329%

Jun 202316%

Sep 202322%

Dec 202318%

Mar 202421%

Jun 202430%

Sep 202425%

Dec 202433%

Mar 202517%

Jun 202520%

Sep 202527%

Dec 202524%

Mar 202653%

Jun 2026—

Pampa Energía S.A. · PAM

Sep 202115%

Dec 202118%

Mar 202218%

Jun 202219%

Sep 202222%

Dec 202238%

Mar 202342%

Jun 202329%

Sep 202317%

Dec 2023—

Mar 202432%

Jun 202422%

Sep 202417%

Dec 202422%

Mar 202539%

Jun 2025—

Sep 202552%

Dec 202548%

Mar 202646%

Jun 2026—

Seaboard Corporation · SEB

Sep 20215.2%

Dec 20214.4%

Mar 2022—

Jun 20225.9%

Sep 20223.8%

Dec 20223.2%

Mar 2023—

Jun 20234.4%

Sep 20234.5%

Dec 20237.1%

Mar 20244.7%

Jun 20246.0%

Sep 20246.1%

Dec 20245.6%

Mar 20254.7%

Jun 20256.1%

Sep 20256.6%

Dec 20255.6%

Mar 2026—

Jun 20264.0%

TETRA Technologies, Inc. · TTI

Sep 20212.1%

Dec 20215.3%

Mar 20226.9%

Jun 20227.8%

Sep 20228.9%

Dec 20224.8%

Mar 20238.9%

Jun 20235.7%

Sep 20234.6%

Dec 20235.2%

Mar 202411%

Jun 20248.7%

Sep 202411%

Dec 202411%

Mar 202512%

Jun 202511%

Sep 202511%

Dec 202519%

Mar 202612%

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 20213.7%

Dec 20212.8%

Mar 20222.8%

Jun 20222.0%

Sep 20221.5%

Dec 20222.3%

Mar 2023—

Jun 20232.1%

Sep 20232.2%

Dec 20232.6%

Mar 20241.5%

Jun 20241.7%

Sep 20242.1%

Dec 20242.5%

Mar 20253.1%

Jun 20253.0%

Sep 20254.0%

Dec 20253.9%

Mar 20263.4%

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Dec 2019—

Jun 2021—

Dec 2021$7.5B

Dec 2022$5.6B

Dec 2023$6.7B

Dec 2024$1.8B

Dec 2025$2.3B

Brookfield Business Corporation · BBUC

Dec 2019—

Jun 2021—

Dec 2021$618M

Dec 2022$181M

Dec 2023$138M

Dec 2024$-111M

Dec 2025$-58M

Compass Diversified · CODI

Dec 2019—

Jun 2021—

Dec 2021$134M

Dec 2022$-47M

Dec 2023$17M

Dec 2024$-151M

Dec 2025$-7M

Deluxe Corporation · DLX

Dec 2019—

Jun 2021—

Dec 2021$211M

Dec 2022$192M

Dec 2023$198M

Dec 2024$194M

Dec 2025$271M

Falcon's Beyond Global, Inc. · FBYD

Dec 2019—

Jun 2021—

Dec 2021$-8M

Dec 2022$-19M

Dec 2023$-23M

Dec 2024$-13M

Dec 2025$-25M

Honeywell International Inc. · HON

Dec 2019—

Jun 2021—

Dec 2021$6.0B

Dec 2022$5.3B

Dec 2023$5.3B

Dec 2024$6.1B

Dec 2025$6.4B

Matthews International Corporation · MATW

Dec 2019—

Jun 2021—

Dec 2021$163M

Dec 2022$127M

Dec 2023$80M

Dec 2024$79M

Dec 2025$-24M

Otter Tail Corporation · OTTR

Dec 2019—

Jun 2021—

Dec 2021$231M

Dec 2022$389M

Dec 2023$404M

Dec 2024$453M

Dec 2025$386M

Pampa Energía S.A. · PAM

Dec 2019—

Jun 2021—

Dec 2021$729M

Dec 2022$619M

Dec 2023$575M

Dec 2024$435M

Dec 2025$778M

Seaboard Corporation · SEB

Dec 2019—

Jun 2021—

Dec 2021$92M

Dec 2022$676M

Dec 2023$710M

Dec 2024$519M

Dec 2025$568M

TETRA Technologies, Inc. · TTI

Dec 2019—

Jun 2021—

Dec 2021$5M

Dec 2022$19M

Dec 2023$70M

Dec 2024$37M

Dec 2025$100M

Valmont Industries, Inc. · VMI

Dec 2019—

Jun 2021—

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Dec 2019—

Jun 2021—

Dec 2021$5.9B

Dec 2022$3.8B

Dec 2023$5.1B

Dec 2024$638M

Dec 2025$1.4B

Brookfield Business Corporation · BBUC

Dec 2019—

Jun 2021—

Dec 2021$-110M

Dec 2022$-474M

Dec 2023$-496M

Dec 2024$-408M

Dec 2025$-314M

Compass Diversified · CODI

Dec 2019—

Jun 2021—

Dec 2021$101M

Dec 2022$-107M

Dec 2023$-38M

Dec 2024$-208M

Dec 2025$-51M

Deluxe Corporation · DLX

Dec 2019—

Jun 2021—

Dec 2021$102M

Dec 2022$87M

Dec 2023$98M

Dec 2024$100M

Dec 2025$175M

Falcon's Beyond Global, Inc. · FBYD

Dec 2019—

Jun 2021—

Dec 2021$-8M

Dec 2022$-20M

Dec 2023$-24M

Dec 2024$-13M

Dec 2025$-25M

Honeywell International Inc. · HON

Dec 2019—

Jun 2021—

Dec 2021$5.1B

Dec 2022$4.5B

Dec 2023$4.6B

Dec 2024$5.2B

Dec 2025$5.4B

Matthews International Corporation · MATW

Dec 2019—

Jun 2021—

Dec 2021$128M

Dec 2022$66M

Dec 2023$29M

Dec 2024$34M

Dec 2025$-59M

Otter Tail Corporation · OTTR

Dec 2019—

Jun 2021—

Dec 2021$59M

Dec 2022$218M

Dec 2023$117M

Dec 2024$94M

Dec 2025$98M

Pampa Energía S.A. · PAM

Dec 2019—

Jun 2021—

Dec 2021$523M

Dec 2022$203M

Dec 2023$-183M

Dec 2024$-12M

Dec 2025$-215M

Seaboard Corporation · SEB

Dec 2019—

Jun 2021—

Dec 2021$-368M

Dec 2022$202M

Dec 2023$204M

Dec 2024$8M

Dec 2025$6M

TETRA Technologies, Inc. · TTI

Dec 2019—

Jun 2021—

Dec 2021$-16M

Dec 2022$-21M

Dec 2023$32M

Dec 2024$-24M

Dec 2025$20M

Valmont Industries, Inc. · VMI

Dec 2019—

Jun 2021—

Dec 2021$-42M

Dec 2022$233M

Dec 2023$210M

Dec 2024$493M

Dec 2025$311M

05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Mammoth Energy Services, Inc. has the lowest Gross debt among the 20 Conglomerates companies compared here, at $3 million. Falcon's Beyond Global, Inc. is next at $19 million. The same company also holds the lowest Net debt, at $122 million net cash. 19 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Mammoth Energy Services, Inc. has the clearest covered balance-sheet capacity with $122 million net cash and gross debt of $3 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderMammoth Energy Services, Inc. · $3 million

Gap84.2% versus #2 · Falcon's Beyond Global, Inc.

Persistence6/8 recent comparable periods

Coverage19/20 companies · 346 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

Gross debtlowest gross debt

1Mammoth Energy Services, Inc. TUSK$3M

2Falcon's Beyond Global, Inc. FBYD$19M

3RCM Technologies, Inc. RCMT$35M

4DMC Global Inc. BOOM$54M

5Tejon Ranch Co. TRC$95M

Net debtlowest net debt

1Mammoth Energy Services, Inc. TUSK$-122M

2Falcon's Beyond Global, Inc. FBYD$18M

3DMC Global Inc. BOOM$22M

4Boston Omaha Corporation BOC$27M

5RCM Technologies, Inc. RCMT$32M

Debt and balance-sheet capacity · company comparison

19/20 level · 19/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Gross debt	Net debt	Reported
Brookfield Business Corporation BBUC	$44.8B	$38.9B	Mar 2026
Honeywell International Inc. HON	$34.0B	$24.8B	Jun 2026
3M Company MMM	$12.6B	$9.2B	Jun 2026
FTAI Infrastructure Inc. FIP	$3.9B	$3.7B	Mar 2026
Seaboard Corporation SEB	$1.9B	$733M	Jun 2026
Pampa Energía S.A. PAM	$1.9B	$1.2B	Mar 2026
Compass Diversified CODI	$1.9B	$1.8B	Mar 2026
Deluxe Corporation DLX	$1.4B	$1.4B	Mar 2026
Otter Tail Corporation OTTR	$1.2B	$808M	Mar 2026
Valmont Industries, Inc. VMI	$872M	$733M	Jun 2026
Matthews International Corporation MATW	$636M	$600M	Mar 2026
TETRA Technologies, Inc. TTI	$224M	$189M	Mar 2026
NN, Inc. NNBR	$215M	$207M	Mar 2026
Boston Omaha Corporation BOC	$106M	$27M	Mar 2026
Tejon Ranch Co. TRC	$95M	$76M	Mar 2026
DMC Global Inc. BOOM	$54M	$22M	Mar 2026
RCM Technologies, Inc. RCMT	$35M	$32M	Jun 2026
Falcon's Beyond Global, Inc. FBYD	$19M	$18M	Mar 2026
Mammoth Energy Services, Inc. TUSK	$3M	$-122M	Mar 2026

Full 20-quarter history · every available company

Gross debt · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 2021$19.0B

Dec 2021$18.2B

Mar 2022$17.5B

Jun 2022$17.1B

Sep 2022$16.5B

Dec 2022$16.8B

Mar 2023$16.9B

Jun 2023$16.8B

Sep 2023$16.8B

Dec 2023$16.7B

Mar 2024$22.2B

Jun 2024$13.7B

Sep 2024$13.8B

Dec 2024$13.0B

Mar 2025$14.1B

Jun 2025$13.7B

Sep 2025$13.2B

Dec 2025$12.6B

Mar 2026$12.6B

Jun 2026$12.6B

Brookfield Business Corporation · BBUC

Sep 2021$5.2B

Dec 2021$5.2B

Mar 2022$5.8B

Jun 2022$7.9B

Sep 2022$13.2B

Dec 2022$12.9B

Mar 2023$13.2B

Jun 2023$13.2B

Sep 2023$13.1B

Dec 2023$8.8B

Mar 2024$8.5B

Jun 2024$8.3B

Sep 2024$8.5B

Dec 2024$8.5B

Mar 2025$8.7B

Jun 2025$7.9B

Sep 2025$8.0B

Dec 2025$7.8B

Mar 2026$44.8B

Jun 2026—

Compass Diversified · CODI

Sep 2021$1.1B

Dec 2021$1.3B

Mar 2022$1.3B

Jun 2022$1.3B

Sep 2022$1.8B

Dec 2022$1.8B

Mar 2023$1.7B

Jun 2023$1.8B

Sep 2023$1.8B

Dec 2023$1.7B

Mar 2024$1.7B

Jun 2024$1.7B

Sep 2024$1.8B

Dec 2024$1.9B

Mar 2025$2.0B

Jun 2025$2.0B

Sep 2025$2.1B

Dec 2025$1.9B

Mar 2026$1.9B

Jun 2026—

Deluxe Corporation · DLX

Sep 2021$1.8B

Dec 2021$1.7B

Mar 2022$1.7B

Jun 2022$1.7B

Sep 2022$1.7B

Dec 2022$1.7B

Mar 2023$1.7B

Jun 2023$1.7B

Sep 2023$1.7B

Dec 2023$1.7B

Mar 2024$1.6B

Jun 2024$1.6B

Sep 2024$1.6B

Dec 2024$1.6B

Mar 2025$1.5B

Jun 2025$1.5B

Sep 2025$1.5B

Dec 2025$1.5B

Mar 2026$1.4B

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021$42M

Dec 2021$42M

Mar 2022—

Jun 2022—

Sep 2022$34M

Dec 2022$34M

Mar 2023$42M

Jun 2023$42M

Sep 2023$38M

Dec 2023$213M

Mar 2024$36M

Jun 2024$36M

Sep 2024$36M

Dec 2024$41M

Mar 2025$41M

Jun 2025$51M

Sep 2025$20M

Dec 2025$18M

Mar 2026$19M

Jun 2026—

Honeywell International Inc. · HON

Sep 2021$21.2B

Dec 2021$19.6B

Mar 2022$19.4B

Jun 2022$19.1B

Sep 2022$17.0B

Dec 2022$19.6B

Mar 2023$19.2B

Jun 2023$21.4B

Sep 2023$20.3B

Dec 2023$20.4B

Mar 2024$25.3B

Jun 2024$27.9B

Sep 2024$30.8B

Dec 2024$31.0B

Mar 2025$32.8B

Jun 2025$36.5B

Sep 2025$37.0B

Dec 2025$34.6B

Mar 2026$36.7B

Jun 2026$34.0B

Matthews International Corporation · MATW

Sep 2021$846M

Dec 2021$917M

Mar 2022$834M

Jun 2022$853M

Sep 2022$873M

Dec 2022$914M

Mar 2023$856M

Jun 2023$852M

Sep 2023$864M

Dec 2023$931M

Mar 2024$911M

Jun 2024$896M

Sep 2024$839M

Dec 2024$873M

Mar 2025$874M

Jun 2025$754M

Sep 2025$764M

Dec 2025$586M

Mar 2026$636M

Jun 2026—

Otter Tail Corporation · OTTR

Sep 2021$862M

Dec 2021$855M

Mar 2022$862M

Jun 2022$854M

Sep 2022$824M

Dec 2022$832M

Mar 2023$885M

Jun 2023$874M

Sep 2023$875M

Dec 2023$905M

Mar 2024$1.0B

Jun 2024$956M

Sep 2024$1.0B

Dec 2024$1.0B

Mar 2025$1.1B

Jun 2025$1.0B

Sep 2025$1.0B

Dec 2025$1.1B

Mar 2026$1.2B

Jun 2026—

Pampa Energía S.A. · PAM

Sep 2021$1.4B

Dec 2021$1.4B

Mar 2022$1.5B

Jun 2022$1.5B

Sep 2022$1.6B

Dec 2022$1.6B

Mar 2023$1.7B

Jun 2023$1.7B

Sep 2023$1.6B

Dec 2023$1.4B

Mar 2024$1.6B

Jun 2024$1.6B

Sep 2024$1.7B

Dec 2024$2.1B

Mar 2025$1.7B

Jun 2025$1.6B

Sep 2025$1.8B

Dec 2025$1.9B

Mar 2026$1.9B

Jun 2026—

Seaboard Corporation · SEB

Sep 2021$1.6B

Dec 2021$1.7B

Mar 2022—

Jun 2022$1.7B

Sep 2022$1.7B

Dec 2022$1.6B

Mar 2023—

Jun 2023$1.6B

Sep 2023$1.6B

Dec 2023$1.7B

Mar 2024$1.8B

Jun 2024$1.9B

Sep 2024$1.8B

Dec 2024$1.7B

Mar 2025$1.8B

Jun 2025$1.9B

Sep 2025$1.9B

Dec 2025$1.8B

Mar 2026—

Jun 2026$1.9B

TETRA Technologies, Inc. · TTI

Sep 2021$197M

Dec 2021$191M

Mar 2022$194M

Jun 2022$191M

Sep 2022$189M

Dec 2022$192M

Mar 2023$199M

Jun 2023$198M

Sep 2023$195M

Dec 2023$194M

Mar 2024$215M

Jun 2024$214M

Sep 2024$214M

Dec 2024$214M

Mar 2025$215M

Jun 2025$217M

Sep 2025$215M

Dec 2025$225M

Mar 2026$224M

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 2021$1.1B

Dec 2021$1.1B

Mar 2022$1.1B

Jun 2022$1.2B

Sep 2022$1.1B

Dec 2022$1.0B

Mar 2023—

Jun 2023$1.1B

Sep 2023$1.1B

Dec 2023$1.3B

Mar 2024$1.3B

Jun 2024$1.2B

Sep 2024$1.0B

Dec 2024$867M

Mar 2025$863M

Jun 2025$861M

Sep 2025$858M

Dec 2025$926M

Mar 2026$921M

Jun 2026$872M

Net debt · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 2021$13.3B

Dec 2021$13.5B

Mar 2022$14.2B

Jun 2022$14.1B

Sep 2022$12.9B

Dec 2022$12.9B

Mar 2023$12.9B

Jun 2023$12.5B

Sep 2023$11.6B

Dec 2023$10.9B

Mar 2024$11.2B

Jun 2024$3.4B

Sep 2024$6.5B

Dec 2024$5.3B

Mar 2025$7.0B

Jun 2025$9.5B

Sep 2025$8.0B

Dec 2025$6.7B

Mar 2026$8.4B

Jun 2026$9.2B

Brookfield Business Corporation · BBUC

Sep 2021$4.3B

Dec 2021$4.3B

Mar 2022$5.0B

Jun 2022$6.2B

Sep 2022$12.2B

Dec 2022$12.1B

Mar 2023$12.3B

Jun 2023$12.2B

Sep 2023$12.3B

Dec 2023$8.0B

Mar 2024$7.7B

Jun 2024$7.5B

Sep 2024$7.7B

Dec 2024$7.3B

Mar 2025$7.6B

Jun 2025$7.2B

Sep 2025$7.3B

Dec 2025$7.1B

Mar 2026$38.9B

Jun 2026—

Compass Diversified · CODI

Sep 2021$1.1B

Dec 2021$1.1B

Mar 2022$1.2B

Jun 2022$1.2B

Sep 2022$1.7B

Dec 2022$1.8B

Mar 2023$1.6B

Jun 2023$1.7B

Sep 2023$1.7B

Dec 2023$1.2B

Mar 2024$1.7B

Jun 2024$1.7B

Sep 2024$1.7B

Dec 2024$1.9B

Mar 2025$1.9B

Jun 2025$2.0B

Sep 2025$2.0B

Dec 2025$1.8B

Mar 2026$1.8B

Jun 2026—

Deluxe Corporation · DLX

Sep 2021$1.7B

Dec 2021$1.7B

Mar 2022$1.7B

Jun 2022$1.7B

Sep 2022$1.7B

Dec 2022$1.7B

Mar 2023$1.7B

Jun 2023$1.7B

Sep 2023$1.7B

Dec 2023$1.6B

Mar 2024$1.6B

Jun 2024$1.6B

Sep 2024$1.5B

Dec 2024$1.5B

Mar 2025$1.5B

Jun 2025$1.5B

Sep 2025$1.5B

Dec 2025$1.4B

Mar 2026$1.4B

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021$39M

Dec 2021$39M

Mar 2022—

Jun 2022—

Sep 2022$26M

Dec 2022$26M

Mar 2023$-34M

Jun 2023$-34M

Sep 2023$38M

Dec 2023$212M

Mar 2024$35M

Jun 2024$34M

Sep 2024$35M

Dec 2024$40M

Mar 2025$40M

Jun 2025$25M

Sep 2025$16M

Dec 2025$16M

Mar 2026$18M

Jun 2026—

Honeywell International Inc. · HON

Sep 2021$9.1B

Dec 2021$8.1B

Mar 2022$9.6B

Jun 2022$10.4B

Sep 2022$9.0B

Dec 2022$9.5B

Mar 2023$11.9B

Jun 2023$12.6B

Sep 2023$12.4B

Dec 2023$12.3B

Mar 2024$13.3B

Jun 2024$18.1B

Sep 2024$19.9B

Dec 2024$20.7B

Mar 2025$22.8B

Jun 2025$25.8B

Sep 2025$23.7B

Dec 2025$21.7B

Mar 2026$24.3B

Jun 2026$24.8B

Matthews International Corporation · MATW

Sep 2021$797M

Dec 2021$846M

Mar 2022$780M

Jun 2022$807M

Sep 2022$804M

Dec 2022$871M

Mar 2023$814M

Jun 2023$813M

Sep 2023$822M

Dec 2023$893M

Mar 2024$866M

Jun 2024$853M

Sep 2024$798M

Dec 2024$839M

Mar 2025$834M

Jun 2025$734M

Sep 2025$732M

Dec 2025$555M

Mar 2026$600M

Jun 2026—

Otter Tail Corporation · OTTR

Sep 2021$861M

Dec 2021$853M

Mar 2022$861M

Jun 2022$792M

Sep 2022$751M

Dec 2022$713M

Mar 2023$781M

Jun 2023$723M

Sep 2023$686M

Dec 2023$675M

Mar 2024$783M

Jun 2024$725M

Sep 2024$731M

Dec 2024$718M

Mar 2025$767M

Jun 2025$736M

Sep 2025$663M

Dec 2025$663M

Mar 2026$808M

Jun 2026—

Pampa Energía S.A. · PAM

Sep 2021$917M

Dec 2021$865M

Mar 2022$845M

Jun 2022$902M

Sep 2022$927M

Dec 2022$913M

Mar 2023$906M

Jun 2023$787M

Sep 2023$675M

Dec 2023$613M

Mar 2024$719M

Jun 2024$693M

Sep 2024$540M

Dec 2024$411M

Mar 2025$576M

Jun 2025$712M

Sep 2025$874M

Dec 2025$801M

Mar 2026$1.2B

Jun 2026—

Seaboard Corporation · SEB

Sep 2021$71M

Dec 2021$92M

Mar 2022—

Jun 2022$347M

Sep 2022$528M

Dec 2022$534M

Mar 2023—

Jun 2023$311M

Sep 2023$278M

Dec 2023$644M

Mar 2024$654M

Jun 2024$728M

Sep 2024$615M

Dec 2024$538M

Mar 2025$649M

Jun 2025$766M

Sep 2025$664M

Dec 2025$593M

Mar 2026—

Jun 2026$733M

TETRA Technologies, Inc. · TTI

Sep 2021$155M

Dec 2021$159M

Mar 2022$161M

Jun 2022$155M

Sep 2022$164M

Dec 2022$178M

Mar 2023$182M

Jun 2023$170M

Sep 2023$161M

Dec 2023$142M

Mar 2024$179M

Jun 2024$176M

Sep 2024$166M

Dec 2024$177M

Mar 2025$174M

Jun 2025$148M

Sep 2025$148M

Dec 2025$152M

Mar 2026$189M

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 2021$894M

Dec 2021$936M

Mar 2022$972M

Jun 2022$1.0B

Sep 2022$933M

Dec 2022$848M

Mar 2023—

Jun 2023$976M

Sep 2023$950M

Dec 2023$1.1B

Mar 2024$1.1B

Jun 2024$1.0B

Sep 2024$849M

Dec 2024$703M

Mar 2025$679M

Jun 2025$652M

Sep 2025$632M

Dec 2025$739M

Mar 2026$761M

Jun 2026$733M

06 · compare level, then change

Return On Capital Employed

Falcon's Beyond Global, Inc. has the highest ROCE among the 20 Conglomerates companies compared here, at 29.8%. Honeywell International Inc. is next at 14.2%. The same company also holds the highest ROCE change, at +19.7 percentage points. 20 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Falcon's Beyond Global, Inc. leads ROCE at 29.8%, 15.6 percentage points above Honeywell International Inc.. Falcon's Beyond Global, Inc. has the strongest latest improvement at +19.7 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderFalcon's Beyond Global, Inc. · 29.8%

Gap109.9% versus #2 · Honeywell International Inc.

Persistence3/8 recent comparable periods

Coverage20/20 companies · 358 observations

Investor read: Falcon's Beyond Global, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1Falcon's Beyond Global, Inc. FBYD30%

2Honeywell International Inc. HON14%

3RCM Technologies, Inc. RCMT7.9%

4Valmont Industries, Inc. VMI6.3%

53M Company MMM3.7%

ROCE changefastest improvers

1Falcon's Beyond Global, Inc. FBYD+19.7 pp

2Honeywell International Inc. HON+10.5 pp

3FTAI Infrastructure Inc. FIP+7.3 pp

4Valmont Industries, Inc. VMI+5.2 pp

5Deluxe Corporation DLX+1.1 pp

Return on capital · company comparison

20/20 level · 20/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	ROCE	ROCE change	Reported
Falcon's Beyond Global, Inc. FBYD	30%	+19.7 pp	Mar 2026
Honeywell International Inc. HON	14%	+10.5 pp	Jun 2026
RCM Technologies, Inc. RCMT	7.9%	−102.4 pp	Jun 2026
Valmont Industries, Inc. VMI	6.3%	+5.2 pp	Jun 2026
3M Company MMM	3.7%	−0.2 pp	Jun 2026
Deluxe Corporation DLX	3.3%	+1.1 pp	Mar 2026
Pampa Energía S.A. PAM	3.2%	+0.7 pp	Mar 2026
Brookfield Business Corporation BBUC	2.5%	−4.3 pp	Mar 2026
Otter Tail Corporation OTTR	2.4%	−0.2 pp	Mar 2026
Seaboard Corporation SEB	1.5%	+0.7 pp	Jun 2026
TETRA Technologies, Inc. TTI	0.7%	−1.4 pp	Mar 2026
FTAI Infrastructure Inc. FIP	0.1%	+7.3 pp	Mar 2026
Compass Diversified CODI	-0.1%	−0.3 pp	Mar 2026
Matthews International Corporation MATW	-0.2%	−0.6 pp	Mar 2026
Tejon Ranch Co. TRC	-0.2%	+0.5 pp	Mar 2026
Boston Omaha Corporation BOC	-0.3%	−0.2 pp	Mar 2026
MaxsMaking Inc. MAMK	-0.3%	−7.0 pp	Dec 2025
Mammoth Energy Services, Inc. TUSK	-0.3%	0.0 pp	Mar 2026
DMC Global Inc. BOOM	-0.8%	−1.8 pp	Mar 2026
NN, Inc. NNBR	-1.1%	+0.7 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 20214.7%

Dec 20214.2%

Mar 20224.3%

Jun 20220.3%

Sep 202211%

Dec 20221.7%

Mar 20233.4%

Jun 2023-25%

Sep 2023-8.7%

Dec 20232.5%

Mar 20242.9%

Jun 20243.8%

Sep 20244.1%

Dec 20243.4%

Mar 20253.4%

Jun 20253.9%

Sep 20255.0%

Dec 20252.8%

Mar 20264.9%

Jun 20263.7%

Brookfield Business Corporation · BBUC

Sep 20210.9%

Dec 20212.0%

Mar 20223.0%

Jun 20222.2%

Sep 20221.1%

Dec 20221.9%

Mar 20231.2%

Jun 20231.0%

Sep 20230.7%

Dec 2023-2.5%

Mar 20240.8%

Jun 20240.0%

Sep 20240.6%

Dec 2024-4.1%

Mar 20256.8%

Jun 20250.7%

Sep 20250.6%

Dec 20250.6%

Mar 20262.5%

Jun 2026—

Compass Diversified · CODI

Sep 20211.9%

Dec 20210.6%

Mar 20221.7%

Jun 20221.9%

Sep 20221.5%

Dec 20220.3%

Mar 20231.1%

Jun 20231.3%

Sep 20230.5%

Dec 2023-4.7%

Mar 2024-0.3%

Jun 20240.2%

Sep 20240.2%

Dec 2024-0.8%

Mar 20250.2%

Jun 2025-1.3%

Sep 2025-0.5%

Dec 20252.6%

Mar 2026-0.1%

Jun 2026—

Deluxe Corporation · DLX

Sep 20211.8%

Dec 20212.3%

Mar 20221.6%

Jun 20222.1%

Sep 20221.7%

Dec 20221.9%

Mar 20231.4%

Jun 20232.3%

Sep 20230.9%

Dec 20232.2%

Mar 20241.9%

Jun 20242.6%

Sep 20241.9%

Dec 20242.1%

Mar 20252.2%

Jun 20252.7%

Sep 20253.5%

Dec 20252.2%

Mar 20263.3%

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 20210.0%

Dec 20210.0%

Mar 2022—

Jun 2022—

Sep 2022-6.5%

Dec 2022-7.4%

Mar 2023-27%

Jun 2023-23%

Sep 2023-23%

Dec 202372%

Mar 202417%

Jun 2024-43%

Sep 2024-4.5%

Dec 20246.7%

Mar 202510%

Jun 202515%

Sep 2025-13%

Dec 2025-7.6%

Mar 202630%

Jun 2026—

Honeywell International Inc. · HON

Sep 20214.0%

Dec 20214.3%

Mar 20223.6%

Jun 20224.1%

Sep 20224.8%

Dec 2022-0.3%

Mar 20234.6%

Jun 20234.8%

Sep 20235.0%

Dec 20234.0%

Mar 20244.6%

Jun 20244.8%

Sep 20244.3%

Dec 20243.4%

Mar 20253.8%

Jun 20253.7%

Sep 20254.6%

Dec 20251.9%

Mar 20262.8%

Jun 202614%

Matthews International Corporation · MATW

Sep 20210.4%

Dec 20210.6%

Mar 20220.4%

Jun 20220.7%

Sep 2022-4.6%

Dec 20221.1%

Mar 20231.5%

Jun 20231.4%

Sep 20231.8%

Dec 20230.6%

Mar 20241.4%

Jun 20240.4%

Sep 2024-3.4%

Dec 20240.4%

Mar 20250.4%

Jun 20255.2%

Sep 2025-0.8%

Dec 20257.4%

Mar 2026-0.2%

Jun 2026—

Otter Tail Corporation · OTTR

Sep 20213.4%

Dec 20213.2%

Mar 20224.3%

Jun 20225.1%

Sep 20224.8%

Dec 20222.2%

Mar 20233.1%

Jun 20233.9%

Sep 20234.4%

Dec 20232.5%

Mar 20243.3%

Jun 20243.7%

Sep 20243.5%

Dec 20242.1%

Mar 20252.6%

Jun 20252.9%

Sep 20252.8%

Dec 20251.9%

Mar 20262.4%

Jun 2026—

Pampa Energía S.A. · PAM

Sep 20215.2%

Dec 20212.8%

Mar 20223.1%

Jun 20223.8%

Sep 20225.4%

Dec 20224.0%

Mar 20233.1%

Jun 20233.3%

Sep 20233.6%

Dec 20230.1%

Mar 20242.7%

Jun 20242.6%

Sep 20243.3%

Dec 20241.0%

Mar 20252.5%

Jun 20252.2%

Sep 20253.2%

Dec 20251.8%

Mar 20263.2%

Jun 2026—

Seaboard Corporation · SEB

Sep 2021—

Dec 20212.1%

Mar 2022—

Jun 20222.5%

Sep 20223.3%

Dec 20222.6%

Mar 2023—

Jun 2023-1.0%

Sep 2023-0.1%

Dec 2023-1.4%

Mar 2024-0.3%

Jun 20240.5%

Sep 20240.5%

Dec 20241.8%

Mar 20250.6%

Jun 20250.8%

Sep 20251.3%

Dec 20251.0%

Mar 2026—

Jun 20261.5%

TETRA Technologies, Inc. · TTI

Sep 2021-1.7%

Dec 2021-2.5%

Mar 2022-0.5%

Jun 2022-2.0%

Sep 2022-1.3%

Dec 2022-1.7%

Mar 20230.3%

Jun 20233.5%

Sep 20230.5%

Dec 2023-2.8%

Mar 20240.0%

Jun 20243.4%

Sep 20240.8%

Dec 2024-0.3%

Mar 20252.1%

Jun 20253.0%

Sep 20250.4%

Dec 2025-2.1%

Mar 20260.7%

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 20213.1%

Dec 20212.0%

Mar 20223.7%

Jun 20224.3%

Sep 20224.1%

Dec 20224.0%

Mar 2023—

Jun 20234.2%

Sep 20234.7%

Dec 20232.3%

Mar 20244.7%

Jun 20245.2%

Sep 20244.6%

Dec 20244.6%

Mar 20254.7%

Jun 20251.1%

Sep 20255.3%

Dec 20254.5%

Mar 20265.9%

Jun 20266.3%

ROCE change · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+6.3 pp

Dec 2022−2.5 pp

Mar 2023−0.9 pp

Jun 2023−25.7 pp

Sep 2023−19.7 pp

Dec 2023+0.8 pp

Mar 2024−0.5 pp

Jun 2024+29.2 pp

Sep 2024+12.8 pp

Dec 2024+0.9 pp

Mar 2025+0.5 pp

Jun 2025+0.1 pp

Sep 2025+0.9 pp

Dec 2025−0.6 pp

Mar 2026+1.5 pp

Jun 2026−0.2 pp

Brookfield Business Corporation · BBUC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.2 pp

Dec 2022−0.1 pp

Mar 2023−1.8 pp

Jun 2023−1.2 pp

Sep 2023−0.4 pp

Dec 2023−4.4 pp

Mar 2024−0.4 pp

Jun 2024−1.0 pp

Sep 2024−0.1 pp

Dec 2024−1.6 pp

Mar 2025+6.0 pp

Jun 2025+0.7 pp

Sep 20250.0 pp

Dec 2025+4.7 pp

Mar 2026−4.3 pp

Jun 2026—

Compass Diversified · CODI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.4 pp

Dec 2022−0.3 pp

Mar 2023−0.6 pp

Jun 2023−0.6 pp

Sep 2023−1.0 pp

Dec 2023−5.0 pp

Mar 2024−1.4 pp

Jun 2024−1.1 pp

Sep 2024−0.3 pp

Dec 2024+3.9 pp

Mar 2025+0.5 pp

Jun 2025−1.5 pp

Sep 2025−0.7 pp

Dec 2025+3.4 pp

Mar 2026−0.3 pp

Jun 2026—

Deluxe Corporation · DLX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.1 pp

Dec 2022−0.4 pp

Mar 2023−0.2 pp

Jun 2023+0.2 pp

Sep 2023−0.8 pp

Dec 2023+0.3 pp

Mar 2024+0.5 pp

Jun 2024+0.3 pp

Sep 2024+1.0 pp

Dec 2024−0.1 pp

Mar 2025+0.3 pp

Jun 2025+0.1 pp

Sep 2025+1.6 pp

Dec 2025+0.1 pp

Mar 2026+1.1 pp

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−6.5 pp

Dec 2022−7.4 pp

Mar 2023—

Jun 2023—

Sep 2023−16.5 pp

Dec 2023+79.7 pp

Mar 2024+43.4 pp

Jun 2024−20.7 pp

Sep 2024+18.5 pp

Dec 2024−65.6 pp

Mar 2025−6.8 pp

Jun 2025+58.6 pp

Sep 2025−8.9 pp

Dec 2025−14.3 pp

Mar 2026+19.7 pp

Jun 2026—

Honeywell International Inc. · HON

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.8 pp

Dec 2022−4.6 pp

Mar 2023+1.0 pp

Jun 2023+0.7 pp

Sep 2023+0.2 pp

Dec 2023+4.3 pp

Mar 20240.0 pp

Jun 20240.0 pp

Sep 2024−0.7 pp

Dec 2024−0.6 pp

Mar 2025−0.8 pp

Jun 2025−1.1 pp

Sep 2025+0.3 pp

Dec 2025−1.5 pp

Mar 2026−1.0 pp

Jun 2026+10.5 pp

Matthews International Corporation · MATW

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−5.0 pp

Dec 2022+0.5 pp

Mar 2023+1.1 pp

Jun 2023+0.7 pp

Sep 2023+6.4 pp

Dec 2023−0.5 pp

Mar 2024−0.1 pp

Jun 2024−1.0 pp

Sep 2024−5.2 pp

Dec 2024−0.2 pp

Mar 2025−1.0 pp

Jun 2025+4.8 pp

Sep 2025+2.6 pp

Dec 2025+7.0 pp

Mar 2026−0.6 pp

Jun 2026—

Otter Tail Corporation · OTTR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.4 pp

Dec 2022−1.0 pp

Mar 2023−1.2 pp

Jun 2023−1.2 pp

Sep 2023−0.4 pp

Dec 2023+0.3 pp

Mar 2024+0.2 pp

Jun 2024−0.2 pp

Sep 2024−0.9 pp

Dec 2024−0.4 pp

Mar 2025−0.7 pp

Jun 2025−0.8 pp

Sep 2025−0.7 pp

Dec 2025−0.2 pp

Mar 2026−0.2 pp

Jun 2026—

Pampa Energía S.A. · PAM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.2 pp

Dec 2022+1.2 pp

Mar 20230.0 pp

Jun 2023−0.5 pp

Sep 2023−1.8 pp

Dec 2023−3.9 pp

Mar 2024−0.4 pp

Jun 2024−0.7 pp

Sep 2024−0.3 pp

Dec 2024+0.9 pp

Mar 2025−0.2 pp

Jun 2025−0.4 pp

Sep 2025−0.1 pp

Dec 2025+0.8 pp

Mar 2026+0.7 pp

Jun 2026—

Seaboard Corporation · SEB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022+0.5 pp

Mar 2023—

Jun 2023−3.5 pp

Sep 2023−3.4 pp

Dec 2023−4.0 pp

Mar 2024—

Jun 2024+1.5 pp

Sep 2024+0.6 pp

Dec 2024+3.2 pp

Mar 2025+0.9 pp

Jun 2025+0.3 pp

Sep 2025+0.8 pp

Dec 2025−0.8 pp

Mar 2026—

Jun 2026+0.7 pp

TETRA Technologies, Inc. · TTI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.4 pp

Dec 2022+0.8 pp

Mar 2023+0.8 pp

Jun 2023+5.5 pp

Sep 2023+1.8 pp

Dec 2023−1.1 pp

Mar 2024−0.3 pp

Jun 2024−0.1 pp

Sep 2024+0.3 pp

Dec 2024+2.5 pp

Mar 2025+2.1 pp

Jun 2025−0.4 pp

Sep 2025−0.4 pp

Dec 2025−1.8 pp

Mar 2026−1.4 pp

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.0 pp

Dec 2022+2.0 pp

Mar 2023—

Jun 2023−0.1 pp

Sep 2023+0.6 pp

Dec 2023−1.7 pp

Mar 2024—

Jun 2024+1.0 pp

Sep 2024−0.1 pp

Dec 2024+2.3 pp

Mar 20250.0 pp

Jun 2025−4.1 pp

Sep 2025+0.7 pp

Dec 2025−0.1 pp

Mar 2026+1.2 pp

Jun 2026+5.2 pp

07 · compare level, then change

Valuation Against Growth & Quality

Deluxe Corporation has the lowest Guarded PEG among the 20 Conglomerates companies compared here, at 0.23×. Pampa Energía S.A. is next at 0.26×. Honeywell International Inc. has the lowest P/E at 8.28×, so level and change sit with different companies. 5 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Deluxe Corporation has the lowest comparable Guarded PEG at 0.23×, 11.5% below Pampa Energía S.A.. Only 5 of 20 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderDeluxe Corporation · 0.23×

Gap11.5% versus #2 · Pampa Energía S.A.

Persistence0/8 recent comparable periods

Coverage5/20 companies · 22 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

Guarded PEGlowest PEG

1Deluxe Corporation DLX0.2

2Pampa Energía S.A. PAM0.3

3Otter Tail Corporation OTTR1.2

4Tejon Ranch Co. TRC1.7

5Matthews International Corporation MATW2.5

P/Elowest P/E

1Honeywell International Inc. HON8.3

2RCM Technologies, Inc. RCMT9.1

3Seaboard Corporation SEB9.7

4Pampa Energía S.A. PAM11.2

5Deluxe Corporation DLX12.1

Valuation · company comparison

5/20 level · 18/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Guarded PEG	P/E	Reported
Tejon Ranch Co. TRC	1.7	269.1	Mar 2026
Otter Tail Corporation OTTR	1.2	13.2	Mar 2026
Honeywell International Inc. HON	1.1	8.3	Jun 2026
Seaboard Corporation SEB	1.0	9.7	Jun 2026
Valmont Industries, Inc. VMI	0.6	22.2	Jun 2026
DMC Global Inc. BOOM	0.3	22.5	Mar 2026
Pampa Energía S.A. PAM	0.3	11.2	Mar 2026
Deluxe Corporation DLX	0.2	12.1	Mar 2026
3M Company MMM	—	28.8	Jun 2026
Brookfield Business Corporation BBUC	—	163.7	Mar 2026
TETRA Technologies, Inc. TTI	—	170.4	Mar 2026
Falcon's Beyond Global, Inc. FBYD	—	67.1	Mar 2026
Matthews International Corporation MATW	—	83.3	Mar 2026
Compass Diversified CODI	—	32.1	Mar 2026
Boston Omaha Corporation BOC	—	579.9	Mar 2026
MaxsMaking Inc. MAMK	—	39.0	Dec 2025
RCM Technologies, Inc. RCMT	—	9.1	Jun 2026
Mammoth Energy Services, Inc. TUSK	—	18.5	Mar 2026

Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Deluxe Corporation · DLX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.6

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20250.3

Sep 20250.2

Dec 20250.2

Mar 2026—

Jun 2026—

DMC Global Inc. · BOOM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20230.3

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Honeywell International Inc. · HON

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20231.3

Sep 2023—

Dec 20230.7

Mar 20241.0

Jun 20241.4

Sep 20241.6

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20251.1

Dec 2025—

Mar 2026—

Jun 2026—

Otter Tail Corporation · OTTR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.5

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20241.1

Jun 20240.8

Sep 20241.2

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Pampa Energía S.A. · PAM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20230.1

Jun 2023—

Sep 20230.1

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20250.3

Jun 20250.3

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Seaboard Corporation · SEB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20251.0

Dec 2025—

Mar 2026—

Jun 2026—

Tejon Ranch Co. · TRC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.7

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20250.6

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

Showing the 12 largest of 18 companies with a series here. The remaining 6 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 202114.4

Dec 202114.7

Mar 202213.0

Jun 202215.1

Sep 20228.1

Dec 20229.9

Mar 20239.1

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 202460.1

Sep 202417.3

Dec 202417.1

Mar 202518.5

Jun 202521.2

Sep 202524.8

Dec 202526.7

Mar 202628.0

Jun 202628.8

Brookfield Business Corporation · BBUC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20220.9

Sep 20220.8

Dec 20220.5

Mar 20230.6

Jun 20231.9

Sep 20231.8

Dec 202335.8

Mar 202430.0

Jun 202424.6

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026163.7

Jun 2026—

Compass Diversified · CODI

Sep 202152.2

Dec 2021—

Mar 202246.6

Jun 202220.2

Sep 2022—

Dec 2022—

Mar 202322.5

Jun 202394.3

Sep 2023110.4

Dec 202332.1

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Deluxe Corporation · DLX

Sep 202121.0

Dec 202122.1

Mar 202227.5

Jun 202216.4

Sep 202212.1

Dec 202211.3

Mar 202311.9

Jun 202314.5

Sep 202327.4

Dec 202336.4

Mar 202426.7

Jun 202426.1

Sep 202415.7

Dec 202419.1

Mar 202512.7

Jun 202512.3

Sep 202510.6

Dec 202512.4

Mar 202612.1

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20245.7

Mar 202587.2

Jun 202514.7

Sep 2025—

Dec 2025500.3

Mar 202667.1

Jun 2026—

Honeywell International Inc. · HON

Sep 202127.3

Dec 202113.0

Mar 202212.8

Jun 202211.7

Sep 202210.6

Dec 202214.6

Mar 202312.3

Jun 202312.7

Sep 202311.3

Dec 202312.2

Mar 202411.8

Jun 202412.0

Sep 202411.8

Dec 202412.8

Mar 202512.0

Jun 202513.1

Sep 202511.0

Dec 202513.9

Mar 202616.8

Jun 20268.3

Matthews International Corporation · MATW

Sep 20215,781.7

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023280.3

Jun 2023105.8

Sep 202330.9

Dec 202334.6

Mar 202429.3

Jun 202429.8

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 202536.8

Mar 202683.3

Jun 2026—

Otter Tail Corporation · OTTR

Sep 202116.2

Dec 202116.9

Mar 202211.8

Jun 202210.6

Sep 20228.7

Dec 20228.7

Mar 202311.0

Jun 202312.2

Sep 202311.5

Dec 202312.1

Mar 202411.9

Jun 202411.8

Sep 202410.8

Dec 202410.3

Mar 202511.5

Jun 202511.3

Sep 202512.4

Dec 202512.3

Mar 202613.2

Jun 2026—

Pampa Energía S.A. · PAM

Sep 2021—

Dec 20214.4

Mar 20224.0

Jun 20223.5

Sep 20223.3

Dec 20223.9

Mar 20233.5

Jun 20234.1

Sep 20233.8

Dec 20239.0

Mar 20245.8

Jun 20246.5

Sep 20248.5

Dec 20247.7

Mar 20257.9

Jun 20257.8

Sep 20259.0

Dec 202512.6

Mar 202611.2

Jun 2026—

Seaboard Corporation · SEB

Sep 2021—

Dec 202111.2

Mar 2022—

Jun 202210.0

Sep 202210.5

Dec 20228.3

Mar 2023—

Jun 20239.5

Sep 202310.2

Dec 202317.7

Mar 202412.7

Jun 202411.7

Sep 2024345.3

Dec 202426.8

Mar 202596.9

Jun 202540.4

Sep 202511.1

Dec 20258.6

Mar 2026—

Jun 20269.7

TETRA Technologies, Inc. · TTI

Sep 20214.1

Dec 20213.5

Mar 2022205.5

Jun 202250.8

Sep 202259.8

Dec 202257.7

Mar 202353.0

Jun 202318.8

Sep 202329.0

Dec 202322.6

Mar 202427.7

Jun 202443.3

Sep 2024155.0

Dec 20244.4

Mar 20254.0

Jun 20253.9

Sep 20256.3

Dec 2025468.5

Mar 2026170.4

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 202124.9

Dec 202127.2

Mar 202225.5

Jun 202222.2

Sep 202223.0

Dec 202228.5

Mar 2023—

Jun 202326.2

Sep 202322.6

Dec 202334.4

Mar 202430.2

Jun 202433.2

Sep 202419.6

Dec 202417.8

Mar 202516.9

Jun 202531.1

Sep 202533.2

Dec 202524.6

Mar 202621.8

Jun 202622.2

08 · compare level, then change

Enterprise Value & Book Value

Mammoth Energy Services, Inc. has the lowest EV/EBITDA among the 20 Conglomerates companies compared here, at 0.16×. RCM Technologies, Inc. is next at 0.55×. DMC Global Inc. has the lowest P/BV at 0.45×, so level and change sit with different companies. 20 of 20 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Mammoth Energy Services, Inc. leads ev/ebitda at 0.16×; DMC Global Inc. leads p/bv at 0.45×.

LeaderMammoth Energy Services, Inc. · 0.16×

Gap70.9% versus #2 · RCM Technologies, Inc.

Persistence0/8 recent comparable periods

Coverage20/20 companies · 292 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

EV/EBITDAlowest EV/EBITDA

1Mammoth Energy Services, Inc. TUSK0.2

2RCM Technologies, Inc. RCMT0.6

3Falcon's Beyond Global, Inc. FBYD2.3

4Matthews International Corporation MATW6.6

5Honeywell International Inc. HON6.6

P/BVlowest P/BV

1DMC Global Inc. BOOM0.5

2Mammoth Energy Services, Inc. TUSK0.5

3Boston Omaha Corporation BOC0.7

4Seaboard Corporation SEB1.1

5Tejon Ranch Co. TRC1.1

Enterprise and book valuation · company comparison

20/20 level · 19/20 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	EV/EBITDA	P/BV	Reported
Tejon Ranch Co. TRC	386.1	1.1	Mar 2026
MaxsMaking Inc. MAMK	262.8	6.6	Dec 2025
FTAI Infrastructure Inc. FIP	35.5	-4.8	Mar 2026
NN, Inc. NNBR	31.6	2.9	Mar 2026
TETRA Technologies, Inc. TTI	29.3	4.0	Mar 2026
Brookfield Business Corporation BBUC	21.7	1.2	Mar 2026
Compass Diversified CODI	20.9	1.5	Mar 2026
Valmont Industries, Inc. VMI	17.7	4.6	Jun 2026
Boston Omaha Corporation BOC	15.5	0.7	Mar 2026
3M Company MMM	15.4	28.3	Jun 2026
DMC Global Inc. BOOM	11.7	0.5	Mar 2026
Seaboard Corporation SEB	10.4	1.1	Jun 2026
Otter Tail Corporation OTTR	9.6	1.9	Mar 2026
Pampa Energía S.A. PAM	8.8	1.3	Mar 2026
Deluxe Corporation DLX	6.7	1.8	Mar 2026
Honeywell International Inc. HON	6.6	3.8	Jun 2026
Matthews International Corporation MATW	6.6	1.6	Mar 2026
Falcon's Beyond Global, Inc. FBYD	2.3	97.5	Mar 2026
RCM Technologies, Inc. RCMT	0.6	3.1	Jun 2026
Mammoth Energy Services, Inc. TUSK	0.2	0.5	Mar 2026

Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 202110.3

Dec 202110.6

Mar 20229.5

Jun 202210.7

Sep 20226.8

Dec 202211.0

Mar 20237.7

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 202429.4

Sep 202413.0

Dec 202412.1

Mar 202514.0

Jun 202515.1

Sep 202514.6

Dec 202515.4

Mar 202613.8

Jun 202615.4

Brookfield Business Corporation · BBUC

Sep 2021—

Dec 2021—

Mar 20226.3

Jun 20226.6

Sep 202210.9

Dec 202212.5

Mar 20239.1

Jun 20238.2

Sep 20238.5

Dec 202313.6

Mar 202415.3

Jun 202420.2

Sep 202424.1

Dec 202430.8

Mar 20257.0

Jun 20256.8

Sep 20257.1

Dec 202512.2

Mar 202621.7

Jun 2026—

Compass Diversified · CODI

Sep 202117.2

Dec 202115.8

Mar 202213.2

Jun 202211.3

Sep 202212.2

Dec 202213.9

Mar 202312.9

Jun 202314.1

Sep 202315.0

Dec 202356.7

Mar 2024326.8

Jun 2024—

Sep 2024—

Dec 202431.8

Mar 202539.6

Jun 202528.9

Sep 202546.1

Dec 202516.8

Mar 202620.9

Jun 2026—

Deluxe Corporation · DLX

Sep 202112.2

Dec 202110.6

Mar 202210.0

Jun 20227.8

Sep 20227.0

Dec 20227.0

Mar 20237.0

Jun 20237.0

Sep 20237.6

Dec 20237.6

Mar 20247.4

Jun 20247.5

Sep 20246.5

Dec 20247.0

Mar 20256.2

Jun 20256.3

Sep 20256.3

Dec 20256.6

Mar 20266.7

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20232.2

Mar 20243.3

Jun 20242.3

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Honeywell International Inc. · HON

Sep 202117.9

Dec 20219.0

Mar 20228.6

Jun 20227.6

Sep 20226.7

Dec 202210.1

Mar 202311.0

Jun 202311.4

Sep 202310.1

Dec 202310.1

Mar 20248.7

Jun 20249.3

Sep 20249.1

Dec 202411.1

Mar 20259.8

Jun 202511.0

Sep 20259.5

Dec 202510.7

Mar 202611.7

Jun 20266.6

Matthews International Corporation · MATW

Sep 202197.8

Dec 2021100.0

Mar 202298.0

Jun 202291.7

Sep 2022182.4

Dec 2022259.9

Mar 2023237.1

Jun 2023240.2

Sep 2023100.8

Dec 2023100.6

Mar 202410.5

Jun 202410.2

Sep 202418.3

Dec 202421.9

Mar 202526.6

Jun 202512.5

Sep 202510.1

Dec 20256.0

Mar 20266.6

Jun 2026—

Otter Tail Corporation · OTTR

Sep 202110.8

Dec 202111.2

Mar 20228.7

Jun 20227.8

Sep 20226.6

Dec 20226.5

Mar 20238.1

Jun 20238.9

Sep 20238.4

Dec 20238.9

Mar 20248.9

Jun 20248.8

Sep 20248.2

Dec 20247.8

Mar 20258.6

Jun 20258.5

Sep 20258.9

Dec 20258.7

Mar 20269.6

Jun 2026—

Pampa Energía S.A. · PAM

Sep 20212.7

Dec 20212.6

Mar 20222.7

Jun 20222.6

Sep 20222.8

Dec 20223.2

Mar 20233.3

Jun 20233.8

Sep 20233.5

Dec 20234.0

Mar 20245.4

Jun 20245.4

Sep 20247.0

Dec 20245.6

Mar 20259.2

Jun 202510.3

Sep 20259.2

Dec 20255.6

Mar 20268.8

Jun 2026—

Seaboard Corporation · SEB

Sep 2021—

Dec 20217.0

Mar 2022—

Jun 20227.6

Sep 20226.9

Dec 20225.7

Mar 2023—

Jun 20236.7

Sep 20238.4

Dec 202321.1

Mar 202416.0

Jun 202414.0

Sep 202415.5

Dec 20246.3

Mar 20256.2

Jun 20256.3

Sep 20256.9

Dec 20258.8

Mar 2026—

Jun 202610.4

TETRA Technologies, Inc. · TTI

Sep 2021—

Dec 2021—

Mar 2022153.2

Jun 202268.2

Sep 202238.8

Dec 202239.0

Mar 202323.5

Jun 202315.6

Sep 202322.9

Dec 202318.6

Mar 202415.3

Jun 202412.9

Sep 202412.3

Dec 202413.0

Mar 202510.5

Jun 20259.8

Sep 202515.2

Dec 202527.5

Mar 202629.3

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 202115.8

Dec 202116.6

Mar 202215.4

Jun 202213.5

Sep 202213.7

Dec 202215.0

Mar 2023—

Jun 202314.2

Sep 202312.7

Dec 202315.0

Mar 202414.3

Jun 202415.9

Sep 202411.9

Dec 202411.1

Mar 202510.5

Jun 202515.0

Sep 202516.3

Dec 202517.7

Mar 202615.8

Jun 202617.7

P/BV · reported quarter history

Showing the 12 largest of 20 companies with a series here. The remaining 8 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

3M Company · MMM

Sep 20215.8

Dec 20215.6

Mar 20224.7

Jun 20224.5

Sep 20223.6

Dec 20223.7

Mar 20233.2

Jun 20235.9

Sep 20239.3

Dec 202310.5

Mar 202410.1

Jun 202414.3

Sep 202416.0

Dec 202418.1

Mar 202517.7

Jun 202518.9

Sep 202517.8

Dec 202518.1

Mar 202623.2

Jun 202628.3

Brookfield Business Corporation · BBUC

Sep 2021—

Dec 2021—

Mar 2022-1.3

Jun 202210.7

Sep 20224.4

Dec 20221.4

Mar 20232.7

Jun 20231.5

Sep 20231.2

Dec 20232.6

Mar 20243.3

Jun 20242.4

Sep 20246.6

Dec 2024-40.7

Mar 2025-33.3

Jun 2025-19.2

Sep 2025-6.6

Dec 2025-5.0

Mar 20261.2

Jun 2026—

Compass Diversified · CODI

Sep 20211.8

Dec 20211.9

Mar 20221.5

Jun 20221.3

Sep 20221.1

Dec 20221.2

Mar 20231.1

Jun 20231.3

Sep 20231.2

Dec 20231.3

Mar 20241.5

Jun 20241.4

Sep 20241.4

Dec 20242.6

Mar 2025-8.4

Jun 20250.8

Sep 20251.0

Dec 20250.8

Mar 20261.5

Jun 2026—

Deluxe Corporation · DLX

Sep 20212.7

Dec 20212.4

Mar 20222.2

Jun 20221.6

Sep 20221.2

Dec 20221.2

Mar 20231.2

Jun 20231.2

Sep 20231.4

Dec 20231.6

Mar 20241.5

Jun 20241.6

Sep 20241.4

Dec 20241.6

Mar 20251.1

Jun 20251.1

Sep 20251.3

Dec 20251.5

Mar 20261.8

Jun 2026—

Falcon's Beyond Global, Inc. · FBYD

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-1.7

Mar 2024-1.6

Jun 2024-2.4

Sep 2024-70.6

Dec 2024-11.8

Mar 2025-6.4

Jun 2025515.5

Sep 202544.9

Dec 202560.6

Mar 202697.5

Jun 2026—

Honeywell International Inc. · HON

Sep 20218.2

Dec 20213.8

Mar 20223.6

Jun 20223.3

Sep 20223.1

Dec 20224.2

Mar 20233.7

Jun 20233.9

Sep 20233.5

Dec 20234.3

Mar 20244.0

Jun 20244.1

Sep 20243.8

Dec 20243.9

Mar 20253.9

Jun 20254.5

Sep 20253.9

Dec 20254.7

Mar 20265.5

Jun 20263.8

Matthews International Corporation · MATW

Sep 202125.7

Dec 202126.9

Mar 202224.2

Jun 202222.3

Sep 202220.9

Dec 202227.5

Mar 202332.1

Jun 202337.3

Sep 202333.8

Dec 202333.2

Mar 20241.9

Jun 20241.5

Sep 20241.6

Dec 20242.1

Mar 20251.7

Jun 20251.4

Sep 20251.6

Dec 20251.5

Mar 20261.6

Jun 2026—

Otter Tail Corporation · OTTR

Sep 20212.4

Dec 20213.0

Mar 20222.5

Jun 20222.5

Sep 20222.2

Dec 20222.0

Mar 20232.4

Jun 20232.5

Sep 20232.3

Dec 20232.5

Mar 20242.4

Jun 20242.3

Sep 20242.0

Dec 20241.9

Mar 20252.0

Jun 20251.8

Sep 20251.9

Dec 20251.8

Mar 20261.9

Jun 2026—

Pampa Energía S.A. · PAM

Sep 20210.6

Dec 20210.7

Mar 20220.7

Jun 20220.6

Sep 20220.6

Dec 20220.8

Mar 20230.7

Jun 20230.9

Sep 20230.8

Dec 20231.1

Mar 20240.8

Jun 20240.8

Sep 20241.0

Dec 20241.5

Mar 20251.2

Jun 20251.1

Sep 20251.0

Dec 20251.3

Mar 20261.3

Jun 2026—

Seaboard Corporation · SEB

Sep 2021—

Dec 20211.1

Mar 2022—

Jun 20221.1

Sep 20221.0

Dec 20220.8

Mar 2023—

Jun 20230.9

Sep 20230.8

Dec 20230.8

Mar 20240.7

Jun 20240.7

Sep 20240.7

Dec 20240.5

Mar 20250.6

Jun 20250.6

Sep 20250.7

Dec 20250.8

Mar 2026—

Jun 20261.1

TETRA Technologies, Inc. · TTI

Sep 20213.9

Dec 20213.6

Mar 20224.9

Jun 20224.9

Sep 20224.5

Dec 20224.1

Mar 20232.9

Jun 20233.2

Sep 20235.8

Dec 20234.0

Mar 20243.9

Jun 20242.9

Sep 20242.6

Dec 20241.9

Mar 20251.6

Jun 20251.5

Sep 20252.6

Dec 20254.4

Mar 20264.0

Jun 2026—

Valmont Industries, Inc. · VMI

Sep 20213.9

Dec 20213.8

Mar 20223.5

Jun 20223.2

Sep 20223.6

Dec 20224.5

Mar 2023—

Jun 20234.4

Sep 20233.9

Dec 20233.5

Mar 20243.3

Jun 20243.8

Sep 20243.8

Dec 20244.0

Mar 20253.5

Jun 20254.4

Sep 20254.8

Dec 20255.0

Mar 20264.6

Jun 2026—

09 · let price answer last

Market action

MaxsMaking Inc. has the strongest one-year price move in Conglomerates at +383.3%. NN, Inc. leads on Mansfield relative strength against the S&P 500 at +54.9%. 11 of 19 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.

Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Conglomerates comparison names 5 specific ways its own evidence can mislead, all listed below. 1 of the 20 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.

10 · the complete set

Which companies are included?

All 20 companies in the canonical Conglomerates membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

Company	Market value	Price	Priced to	Latest fundamentals
3M Company MMMAHEAD	$94.1B	$182	2026-07-28	Jun 2026
Honeywell International Inc. HONAHEAD	$78.3B	$247	2026-07-28	Jun 2026
Valmont Industries, Inc. VMI21/26 WEEKS	$9.3B	$481	2026-07-28	Jun 2026
Brookfield Business Corporation BBUC	$6.6B	$31.7	2026-07-28	Mar 2026
Pampa Energía S.A. PAMAHEAD	$4.9B	$84.9	2026-07-28	Mar 2026
Seaboard Corporation SEB	$4.4B	$4,549	2026-07-28	Jun 2026
Otter Tail Corporation OTTR	$3.9B	$93.6	2026-07-28	Mar 2026
Deluxe Corporation DLX	$1.2B	$27.2	2026-07-28	Mar 2026
TETRA Technologies, Inc. TTI	$1.1B	$7.2	2026-07-28	Mar 2026
Falcon's Beyond Global, Inc. FBYD	$1.0B	$10.5	2026-07-28	Mar 2026
Matthews International Corporation MATW	$900M	$28.9	2026-07-28	Mar 2026
Compass Diversified CODI22/26 WEEKS	$777M	$10.3	2026-07-28	Mar 2026
FTAI Infrastructure Inc. FIP	$482M	$4.1	2026-07-28	Mar 2026
Tejon Ranch Co. TRC	$467M	$17.3	2026-07-28	Mar 2026
Boston Omaha Corporation BOCAHEAD	$435M	$14.4	2026-07-28	Mar 2026
MaxsMaking Inc. MAMK	$216M	$13.0	2025-11-14 · not currently priced	Dec 2025
RCM Technologies, Inc. RCMT	$205M	$28.9	2026-07-28	Jun 2026
NN, Inc. NNBR	$179M	$3.4	2026-07-28	Mar 2026
Mammoth Energy Services, Inc. TUSK	$131M	$2.7	2026-07-28	Mar 2026
DMC Global Inc. BOOM	$117M	$5.7	2026-07-28	Mar 2026

Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 20 Conglomerates companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-07-28 · weekly price and relative-strength history

Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Questions investors ask · short, speakable answers

Conglomerates company comparison FAQs

These 18 answers restate the Conglomerates comparison above in question form. Every one is computed from the same 20 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Conglomerates company is the biggest?

Brookfield Business Corporation is the largest, with trailing-twelve-month revenue of $11,638 million, ahead of Pampa Energía S.A. at $2,157 million. That covers 13 of 20 companies with comparable reporting through Mar 2026.

Which Conglomerates company is growing fastest?

Falcon's Beyond Global, Inc. has the fastest revenue growth at 100% year on year, across 13 of 20 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Conglomerates company has the best profit margins?

Falcon's Beyond Global, Inc. has the highest operating margin at 120.7%, from 19 of 20 comparable companies. Falcon's Beyond Global, Inc. shows the biggest recent improvement, at +491.8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Conglomerates company makes the most profit?

Pampa Energía S.A. earns the most, at $440 million of trailing-twelve-month net profit, from 13 of 20 comparable companies. Deluxe Corporation has the fastest profit growth at 85.7%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Conglomerates company earns the highest return on capital?

Falcon's Beyond Global, Inc. leads on return on capital employed at 29.8%, across 20 of 20 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Conglomerates stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Deluxe Corporation screens cheapest at 0.23×. Only 5 of 20 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Conglomerates company has the strongest balance sheet?

Mammoth Energy Services, Inc. carries the lowest comparable gross debt at $3 million, from 19 of 20 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Conglomerates company is investing most in new capacity?

Brookfield Business Corporation reports the largest capital spending at $489 million, across 20 of 20 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Conglomerates sector beating the market?

Conglomerates has outperformed S&P 500 by 35% over the last 52 weeks and 5.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 11 of 19 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Conglomerates stock has the strongest price momentum?

NN, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Conglomerates company scores highest for research priority?

Deluxe Corporation scores 65.3 out of 100 with 76% evidence confidence, from 24.8 points on growth and earnings, 11.8 on capital efficiency, 15.8 on valuation and 12.9 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Conglomerates companies does this comparison cover, and over what period?

It compares 20 listed companies over up to 20 reported quarters of fundamentals and 7 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Conglomerates sector?

The 20 Conglomerates companies on this page carry $208,643 million of combined market value. 3M Company is the largest at $94,109 million, about 45% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Conglomerates sector's P/E ratio?

The median price-to-earnings ratio across the 20 Conglomerates companies on this page is 28.8×, measured on the 18 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Conglomerates sector performing?

11 of the 19 covered Conglomerates companies are beating S&P 500 on Mansfield relative strength. The sector itself is 35% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Conglomerates stocks are listed in the US?

This comparison covers 20 listed Conglomerates companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.