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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and FEDERAL SIGNAL CORP (FSS). Click either name above to swap in a different company.

FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $564.0M, roughly 1.1× American Healthcare REIT, Inc.). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs 1.9%, a 8.3% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 13.5%). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 11.7%).

Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...

The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.

AHR vs FSS — Head-to-Head

Bigger by revenue
FSS
FSS
1.1× larger
FSS
$597.1M
$564.0M
AHR
Growing faster (revenue YoY)
FSS
FSS
+13.0% gap
FSS
26.5%
13.5%
AHR
Higher net margin
FSS
FSS
8.3% more per $
FSS
10.2%
1.9%
AHR
Faster 2-yr revenue CAGR
FSS
FSS
Annualised
FSS
18.5%
11.7%
AHR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AHR
AHR
FSS
FSS
Revenue
$564.0M
$597.1M
Net Profit
$10.8M
$60.8M
Gross Margin
14.8%
28.4%
Operating Margin
19.8%
14.0%
Net Margin
1.9%
10.2%
Revenue YoY
13.5%
26.5%
Net Profit YoY
133.9%
21.6%
EPS (diluted)
$0.07
$0.99

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AHR
AHR
FSS
FSS
Q4 25
$564.0M
$597.1M
Q3 25
$532.1M
$555.0M
Q2 25
$501.3M
$564.6M
Q1 25
$497.2M
$463.8M
Q4 24
$496.8M
$472.0M
Q3 24
$476.8M
$474.2M
Q2 24
$458.0M
$490.4M
Q1 24
$452.1M
$424.9M
Net Profit
AHR
AHR
FSS
FSS
Q4 25
$10.8M
$60.8M
Q3 25
$55.9M
$68.1M
Q2 25
$9.9M
$71.4M
Q1 25
$-6.8M
$46.3M
Q4 24
$-31.8M
$50.0M
Q3 24
$-4.1M
$53.9M
Q2 24
$2.0M
$60.8M
Q1 24
$-3.9M
$51.6M
Gross Margin
AHR
AHR
FSS
FSS
Q4 25
14.8%
28.4%
Q3 25
14.6%
29.1%
Q2 25
15.0%
30.0%
Q1 25
13.0%
28.2%
Q4 24
13.3%
28.1%
Q3 24
12.5%
29.6%
Q2 24
12.1%
29.4%
Q1 24
10.7%
27.3%
Operating Margin
AHR
AHR
FSS
FSS
Q4 25
19.8%
14.0%
Q3 25
19.9%
16.9%
Q2 25
20.6%
17.3%
Q1 25
19.0%
14.2%
Q4 24
20.0%
14.9%
Q3 24
19.6%
16.0%
Q2 24
19.4%
16.5%
Q1 24
18.2%
12.8%
Net Margin
AHR
AHR
FSS
FSS
Q4 25
1.9%
10.2%
Q3 25
10.5%
12.3%
Q2 25
2.0%
12.6%
Q1 25
-1.4%
10.0%
Q4 24
-6.4%
10.6%
Q3 24
-0.9%
11.4%
Q2 24
0.4%
12.4%
Q1 24
-0.9%
12.1%
EPS (diluted)
AHR
AHR
FSS
FSS
Q4 25
$0.07
$0.99
Q3 25
$0.33
$1.11
Q2 25
$0.06
$1.16
Q1 25
$-0.04
$0.75
Q4 24
$-0.23
$0.80
Q3 24
$-0.03
$0.87
Q2 24
$0.01
$0.99
Q1 24
$-0.04
$0.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AHR
AHR
FSS
FSS
Cash + ST InvestmentsLiquidity on hand
$114.8M
$63.7M
Total DebtLower is stronger
$564.6M
Stockholders' EquityBook value
$3.3B
$1.4B
Total Assets
$5.4B
$2.4B
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHR
AHR
FSS
FSS
Q4 25
$114.8M
$63.7M
Q3 25
$147.4M
$54.4M
Q2 25
$133.5M
$64.7M
Q1 25
$86.1M
$57.5M
Q4 24
$76.7M
$91.1M
Q3 24
$67.8M
$73.7M
Q2 24
$52.1M
$48.6M
Q1 24
$77.0M
$48.9M
Total Debt
AHR
AHR
FSS
FSS
Q4 25
$564.6M
Q3 25
$201.2M
Q2 25
$258.3M
Q1 25
$266.9M
Q4 24
$204.4M
Q3 24
$223.3M
Q2 24
$248.8M
Q1 24
$266.8M
Stockholders' Equity
AHR
AHR
FSS
FSS
Q4 25
$3.3B
$1.4B
Q3 25
$2.7B
$1.3B
Q2 25
$2.4B
$1.3B
Q1 25
$2.3B
$1.2B
Q4 24
$2.3B
$1.2B
Q3 24
$2.2B
$1.1B
Q2 24
$1.9B
$1.1B
Q1 24
$2.0B
$1.0B
Total Assets
AHR
AHR
FSS
FSS
Q4 25
$5.4B
$2.4B
Q3 25
$4.8B
$1.9B
Q2 25
$4.5B
$1.9B
Q1 25
$4.5B
$1.9B
Q4 24
$4.5B
$1.8B
Q3 24
$4.7B
$1.7B
Q2 24
$4.6B
$1.7B
Q1 24
$4.7B
$1.7B
Debt / Equity
AHR
AHR
FSS
FSS
Q4 25
0.41×
Q3 25
0.15×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.17×
Q3 24
0.19×
Q2 24
0.23×
Q1 24
0.26×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AHR
AHR
FSS
FSS
Operating Cash FlowLast quarter
$55.2M
$97.2M
Free Cash FlowOCF − Capex
$89.5M
FCF MarginFCF / Revenue
15.0%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
5.12×
1.60×
TTM Free Cash FlowTrailing 4 quarters
$227.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AHR
AHR
FSS
FSS
Q4 25
$55.2M
$97.2M
Q3 25
$107.2M
$61.1M
Q2 25
$71.5M
$59.7M
Q1 25
$60.6M
$36.7M
Q4 24
$59.5M
$90.6M
Q3 24
$63.1M
$68.8M
Q2 24
$59.4M
$40.6M
Q1 24
$-6.0M
$31.3M
Free Cash Flow
AHR
AHR
FSS
FSS
Q4 25
$89.5M
Q3 25
$54.1M
Q2 25
$52.4M
Q1 25
$31.1M
Q4 24
$82.1M
Q3 24
$60.9M
Q2 24
$24.8M
Q1 24
$22.9M
FCF Margin
AHR
AHR
FSS
FSS
Q4 25
15.0%
Q3 25
9.7%
Q2 25
9.3%
Q1 25
6.7%
Q4 24
17.4%
Q3 24
12.8%
Q2 24
5.1%
Q1 24
5.4%
Capex Intensity
AHR
AHR
FSS
FSS
Q4 25
1.3%
Q3 25
1.3%
Q2 25
1.3%
Q1 25
1.2%
Q4 24
1.8%
Q3 24
1.7%
Q2 24
3.2%
Q1 24
2.0%
Cash Conversion
AHR
AHR
FSS
FSS
Q4 25
5.12×
1.60×
Q3 25
1.92×
0.90×
Q2 25
7.21×
0.84×
Q1 25
0.79×
Q4 24
1.81×
Q3 24
1.28×
Q2 24
30.02×
0.67×
Q1 24
0.61×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AHR
AHR

Integrated Senior Health Campuses$467.0M83%
SHOP$97.0M17%

FSS
FSS

Vehiclesandequipment$403.4M68%
Parts$66.8M11%
Publicsafetyandsecurityequipment$62.2M10%
Rentalincome$19.0M3%
Industrialsignalingequipment$18.2M3%
Other$14.9M2%
Warningsystems$12.6M2%

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