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Side-by-side financial comparison of Enovis CORP (ENOV) 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 $548.9M, roughly 1.1× Enovis CORP). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs -104.1%, a 114.2% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs -2.2%). FEDERAL SIGNAL CORP produced more free cash flow last quarter ($89.5M vs $29.1M). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 9.8%).

Enovis Corporation is a medical technology company with a focus in orthopedics. The company was founded by brothers Mitchell and Steven Rales as the Colfax Corporation in 1995. Enovis is headquartered in Wilmington, Delaware and is listed on the NYSE as ENOV. The company has over 5,000 employees operating at 12 sites around the world.

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

ENOV vs FSS — Head-to-Head

Bigger by revenue
FSS
FSS
1.1× larger
FSS
$597.1M
$548.9M
ENOV
Growing faster (revenue YoY)
FSS
FSS
+28.7% gap
FSS
26.5%
-2.2%
ENOV
Higher net margin
FSS
FSS
114.2% more per $
FSS
10.2%
-104.1%
ENOV
More free cash flow
FSS
FSS
$60.4M more FCF
FSS
$89.5M
$29.1M
ENOV
Faster 2-yr revenue CAGR
FSS
FSS
Annualised
FSS
18.5%
9.8%
ENOV

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ENOV
ENOV
FSS
FSS
Revenue
$548.9M
$597.1M
Net Profit
$-571.1M
$60.8M
Gross Margin
59.9%
28.4%
Operating Margin
-101.7%
14.0%
Net Margin
-104.1%
10.2%
Revenue YoY
-2.2%
26.5%
Net Profit YoY
18.8%
21.6%
EPS (diluted)
$-9.99
$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
ENOV
ENOV
FSS
FSS
Q4 25
$548.9M
$597.1M
Q3 25
$564.5M
$555.0M
Q2 25
$558.8M
$564.6M
Q1 25
$463.8M
Q4 24
$561.0M
$472.0M
Q3 24
$505.2M
$474.2M
Q2 24
$525.2M
$490.4M
Q1 24
$516.3M
$424.9M
Net Profit
ENOV
ENOV
FSS
FSS
Q4 25
$-571.1M
$60.8M
Q3 25
$-36.7M
$68.1M
Q2 25
$-56.0M
$71.4M
Q1 25
$46.3M
Q4 24
$-703.2M
$50.0M
Q3 24
$-31.5M
$53.9M
Q2 24
$-18.6M
$60.8M
Q1 24
$-72.0M
$51.6M
Gross Margin
ENOV
ENOV
FSS
FSS
Q4 25
59.9%
28.4%
Q3 25
59.3%
29.1%
Q2 25
59.5%
30.0%
Q1 25
28.2%
Q4 24
54.8%
28.1%
Q3 24
56.7%
29.6%
Q2 24
55.0%
29.4%
Q1 24
57.7%
27.3%
Operating Margin
ENOV
ENOV
FSS
FSS
Q4 25
-101.7%
14.0%
Q3 25
-3.0%
16.9%
Q2 25
-8.4%
17.3%
Q1 25
14.2%
Q4 24
-118.5%
14.9%
Q3 24
-6.3%
16.0%
Q2 24
-8.4%
16.5%
Q1 24
-6.8%
12.8%
Net Margin
ENOV
ENOV
FSS
FSS
Q4 25
-104.1%
10.2%
Q3 25
-6.5%
12.3%
Q2 25
-10.0%
12.6%
Q1 25
10.0%
Q4 24
-125.4%
10.6%
Q3 24
-6.2%
11.4%
Q2 24
-3.5%
12.4%
Q1 24
-13.9%
12.1%
EPS (diluted)
ENOV
ENOV
FSS
FSS
Q4 25
$-9.99
$0.99
Q3 25
$-0.64
$1.11
Q2 25
$-0.98
$1.16
Q1 25
$0.75
Q4 24
$-12.69
$0.80
Q3 24
$-0.58
$0.87
Q2 24
$-0.34
$0.99
Q1 24
$-1.32
$0.84

Balance Sheet & Financial Strength

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

Metric
ENOV
ENOV
FSS
FSS
Cash + ST InvestmentsLiquidity on hand
$33.6M
$63.7M
Total DebtLower is stronger
$1.4B
$564.6M
Stockholders' EquityBook value
$2.0B
$1.4B
Total Assets
$4.4B
$2.4B
Debt / EquityLower = less leverage
0.67×
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENOV
ENOV
FSS
FSS
Q4 25
$33.6M
$63.7M
Q3 25
$44.1M
$54.4M
Q2 25
$38.5M
$64.7M
Q1 25
$57.5M
Q4 24
$48.2M
$91.1M
Q3 24
$35.4M
$73.7M
Q2 24
$35.0M
$48.6M
Q1 24
$66.3M
$48.9M
Total Debt
ENOV
ENOV
FSS
FSS
Q4 25
$1.4B
$564.6M
Q3 25
$1.4B
$201.2M
Q2 25
$1.4B
$258.3M
Q1 25
$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
ENOV
ENOV
FSS
FSS
Q4 25
$2.0B
$1.4B
Q3 25
$2.6B
$1.3B
Q2 25
$2.6B
$1.3B
Q1 25
$1.2B
Q4 24
$2.6B
$1.2B
Q3 24
$3.3B
$1.1B
Q2 24
$3.3B
$1.1B
Q1 24
$3.3B
$1.0B
Total Assets
ENOV
ENOV
FSS
FSS
Q4 25
$4.4B
$2.4B
Q3 25
$5.0B
$1.9B
Q2 25
$4.9B
$1.9B
Q1 25
$1.9B
Q4 24
$4.7B
$1.8B
Q3 24
$5.6B
$1.7B
Q2 24
$5.4B
$1.7B
Q1 24
$5.5B
$1.7B
Debt / Equity
ENOV
ENOV
FSS
FSS
Q4 25
0.67×
0.41×
Q3 25
0.54×
0.15×
Q2 25
0.53×
0.20×
Q1 25
0.22×
Q4 24
0.52×
0.17×
Q3 24
0.40×
0.19×
Q2 24
0.41×
0.23×
Q1 24
0.40×
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
ENOV
ENOV
FSS
FSS
Operating Cash FlowLast quarter
$82.6M
$97.2M
Free Cash FlowOCF − Capex
$29.1M
$89.5M
FCF MarginFCF / Revenue
5.3%
15.0%
Capex IntensityCapex / Revenue
9.7%
1.3%
Cash ConversionOCF / Net Profit
1.60×
TTM Free Cash FlowTrailing 4 quarters
$22.8M
$227.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENOV
ENOV
FSS
FSS
Q4 25
$82.6M
$97.2M
Q3 25
$47.8M
$61.1M
Q2 25
$-1.6M
$59.7M
Q1 25
$36.7M
Q4 24
$88.3M
$90.6M
Q3 24
$53.6M
$68.8M
Q2 24
$7.8M
$40.6M
Q1 24
$-36.2M
$31.3M
Free Cash Flow
ENOV
ENOV
FSS
FSS
Q4 25
$29.1M
$89.5M
Q3 25
$3.4M
$54.1M
Q2 25
$-44.9M
$52.4M
Q1 25
$31.1M
Q4 24
$35.1M
$82.1M
Q3 24
$2.4M
$60.9M
Q2 24
$-31.6M
$24.8M
Q1 24
$-73.1M
$22.9M
FCF Margin
ENOV
ENOV
FSS
FSS
Q4 25
5.3%
15.0%
Q3 25
0.6%
9.7%
Q2 25
-8.0%
9.3%
Q1 25
6.7%
Q4 24
6.3%
17.4%
Q3 24
0.5%
12.8%
Q2 24
-6.0%
5.1%
Q1 24
-14.2%
5.4%
Capex Intensity
ENOV
ENOV
FSS
FSS
Q4 25
9.7%
1.3%
Q3 25
7.9%
1.3%
Q2 25
7.7%
1.3%
Q1 25
1.2%
Q4 24
9.5%
1.8%
Q3 24
10.1%
1.7%
Q2 24
7.5%
3.2%
Q1 24
7.2%
2.0%
Cash Conversion
ENOV
ENOV
FSS
FSS
Q4 25
1.60×
Q3 25
0.90×
Q2 25
0.84×
Q1 25
0.79×
Q4 24
1.81×
Q3 24
1.28×
Q2 24
0.67×
Q1 24
0.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ENOV
ENOV

Reconstructive Segment$258.0M47%
Surgical$129.0M23%
Prevention And Recovery$92.6M17%
Other Prevention And Recovery$71.4M13%

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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