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

Aveanna Healthcare Holdings, Inc. is the larger business by last-quarter revenue ($621.9M vs $597.1M, roughly 1.0× FEDERAL SIGNAL CORP). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs 2.3%, a 7.9% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 22.2%). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 14.0%).

Aveanna Healthcare Holdings, Inc. is a leading U.S. provider of home and community-based healthcare services. Its core offerings include pediatric home health, adult personal care, hospice care, and infusion therapy, serving patients across the United States through its nationwide network of local care centers, catering to both public and private payer segments.

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

AVAH vs FSS — Head-to-Head

Bigger by revenue
AVAH
AVAH
1.0× larger
AVAH
$621.9M
$597.1M
FSS
Growing faster (revenue YoY)
FSS
FSS
+4.3% gap
FSS
26.5%
22.2%
AVAH
Higher net margin
FSS
FSS
7.9% more per $
FSS
10.2%
2.3%
AVAH
Faster 2-yr revenue CAGR
FSS
FSS
Annualised
FSS
18.5%
14.0%
AVAH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AVAH
AVAH
FSS
FSS
Revenue
$621.9M
$597.1M
Net Profit
$14.1M
$60.8M
Gross Margin
32.6%
28.4%
Operating Margin
8.6%
14.0%
Net Margin
2.3%
10.2%
Revenue YoY
22.2%
26.5%
Net Profit YoY
132.8%
21.6%
EPS (diluted)
$0.06
$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
AVAH
AVAH
FSS
FSS
Q4 25
$597.1M
Q3 25
$621.9M
$555.0M
Q2 25
$589.6M
$564.6M
Q1 25
$559.2M
$463.8M
Q4 24
$519.9M
$472.0M
Q3 24
$509.0M
$474.2M
Q2 24
$505.0M
$490.4M
Q1 24
$490.7M
$424.9M
Net Profit
AVAH
AVAH
FSS
FSS
Q4 25
$60.8M
Q3 25
$14.1M
$68.1M
Q2 25
$27.0M
$71.4M
Q1 25
$5.2M
$46.3M
Q4 24
$29.2M
$50.0M
Q3 24
$-42.8M
$53.9M
Q2 24
$13.9M
$60.8M
Q1 24
$-11.2M
$51.6M
Gross Margin
AVAH
AVAH
FSS
FSS
Q4 25
28.4%
Q3 25
32.6%
29.1%
Q2 25
35.8%
30.0%
Q1 25
32.8%
28.2%
Q4 24
33.0%
28.1%
Q3 24
31.4%
29.6%
Q2 24
31.3%
29.4%
Q1 24
29.7%
27.3%
Operating Margin
AVAH
AVAH
FSS
FSS
Q4 25
14.0%
Q3 25
8.6%
16.9%
Q2 25
13.6%
17.3%
Q1 25
9.3%
14.2%
Q4 24
8.8%
14.9%
Q3 24
6.7%
16.0%
Q2 24
7.4%
16.5%
Q1 24
4.7%
12.8%
Net Margin
AVAH
AVAH
FSS
FSS
Q4 25
10.2%
Q3 25
2.3%
12.3%
Q2 25
4.6%
12.6%
Q1 25
0.9%
10.0%
Q4 24
5.6%
10.6%
Q3 24
-8.4%
11.4%
Q2 24
2.8%
12.4%
Q1 24
-2.3%
12.1%
EPS (diluted)
AVAH
AVAH
FSS
FSS
Q4 25
$0.99
Q3 25
$0.06
$1.11
Q2 25
$0.13
$1.16
Q1 25
$0.03
$0.75
Q4 24
$0.15
$0.80
Q3 24
$-0.22
$0.87
Q2 24
$0.07
$0.99
Q1 24
$-0.06
$0.84

Balance Sheet & Financial Strength

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

Metric
AVAH
AVAH
FSS
FSS
Cash + ST InvestmentsLiquidity on hand
$145.9M
$63.7M
Total DebtLower is stronger
$1.3B
$564.6M
Stockholders' EquityBook value
$9.2M
$1.4B
Total Assets
$1.8B
$2.4B
Debt / EquityLower = less leverage
141.83×
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVAH
AVAH
FSS
FSS
Q4 25
$63.7M
Q3 25
$145.9M
$54.4M
Q2 25
$100.7M
$64.7M
Q1 25
$71.5M
$57.5M
Q4 24
$84.3M
$91.1M
Q3 24
$78.5M
$73.7M
Q2 24
$47.7M
$48.6M
Q1 24
$42.6M
$48.9M
Total Debt
AVAH
AVAH
FSS
FSS
Q4 25
$564.6M
Q3 25
$1.3B
$201.2M
Q2 25
$1.3B
$258.3M
Q1 25
$1.3B
$266.9M
Q4 24
$1.3B
$204.4M
Q3 24
$1.3B
$223.3M
Q2 24
$1.3B
$248.8M
Q1 24
$1.3B
$266.8M
Stockholders' Equity
AVAH
AVAH
FSS
FSS
Q4 25
$1.4B
Q3 25
$9.2M
$1.3B
Q2 25
$-12.0M
$1.3B
Q1 25
$-100.1M
$1.2B
Q4 24
$-123.6M
$1.2B
Q3 24
$-156.4M
$1.1B
Q2 24
$-119.0M
$1.1B
Q1 24
$-136.3M
$1.0B
Total Assets
AVAH
AVAH
FSS
FSS
Q4 25
$2.4B
Q3 25
$1.8B
$1.9B
Q2 25
$1.8B
$1.9B
Q1 25
$1.7B
$1.9B
Q4 24
$1.7B
$1.8B
Q3 24
$1.6B
$1.7B
Q2 24
$1.7B
$1.7B
Q1 24
$1.6B
$1.7B
Debt / Equity
AVAH
AVAH
FSS
FSS
Q4 25
0.41×
Q3 25
141.83×
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
AVAH
AVAH
FSS
FSS
Operating Cash FlowLast quarter
$33.2M
$97.2M
Free Cash FlowOCF − Capex
$89.5M
FCF MarginFCF / Revenue
15.0%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
2.36×
1.60×
TTM Free Cash FlowTrailing 4 quarters
$227.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVAH
AVAH
FSS
FSS
Q4 25
$97.2M
Q3 25
$33.2M
$61.1M
Q2 25
$51.6M
$59.7M
Q1 25
$-8.6M
$36.7M
Q4 24
$13.4M
$90.6M
Q3 24
$29.4M
$68.8M
Q2 24
$1.8M
$40.6M
Q1 24
$-12.0M
$31.3M
Free Cash Flow
AVAH
AVAH
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
AVAH
AVAH
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
AVAH
AVAH
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
AVAH
AVAH
FSS
FSS
Q4 25
1.60×
Q3 25
2.36×
0.90×
Q2 25
1.91×
0.84×
Q1 25
-1.66×
0.79×
Q4 24
0.46×
1.81×
Q3 24
1.28×
Q2 24
0.13×
0.67×
Q1 24
0.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVAH
AVAH

Private Duty Services$514.4M83%
Home Health And Hospice$62.4M10%
Medical Solutions$45.1M7%

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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