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

eXp World Holdings, Inc. is the larger business by last-quarter revenue ($1.2B vs $597.1M, roughly 2.0× FEDERAL SIGNAL CORP). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs -1.1%, a 11.3% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 8.5%). FEDERAL SIGNAL CORP produced more free cash flow last quarter ($89.5M vs $11.9M). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 12.4%).

eXp World Holdings, Inc. is a global cloud-based real estate services provider. It operates the eXp Realty brokerage network, leverages immersive virtual 3D campus environments to support agent collaboration and operations, serves residential and commercial real estate markets across over 20 countries, and offers complementary services including mortgage, title insurance and professional development resources for real estate practitioners.

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

EXPI vs FSS — Head-to-Head

Bigger by revenue
EXPI
EXPI
2.0× larger
EXPI
$1.2B
$597.1M
FSS
Growing faster (revenue YoY)
FSS
FSS
+18.0% gap
FSS
26.5%
8.5%
EXPI
Higher net margin
FSS
FSS
11.3% more per $
FSS
10.2%
-1.1%
EXPI
More free cash flow
FSS
FSS
$77.6M more FCF
FSS
$89.5M
$11.9M
EXPI
Faster 2-yr revenue CAGR
FSS
FSS
Annualised
FSS
18.5%
12.4%
EXPI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EXPI
EXPI
FSS
FSS
Revenue
$1.2B
$597.1M
Net Profit
$-12.9M
$60.8M
Gross Margin
28.4%
Operating Margin
-1.1%
14.0%
Net Margin
-1.1%
10.2%
Revenue YoY
8.5%
26.5%
Net Profit YoY
-35.7%
21.6%
EPS (diluted)
$-0.08
$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
EXPI
EXPI
FSS
FSS
Q4 25
$1.2B
$597.1M
Q3 25
$1.3B
$555.0M
Q2 25
$1.3B
$564.6M
Q1 25
$954.9M
$463.8M
Q4 24
$1.1B
$472.0M
Q3 24
$1.2B
$474.2M
Q2 24
$1.3B
$490.4M
Q1 24
$943.1M
$424.9M
Net Profit
EXPI
EXPI
FSS
FSS
Q4 25
$-12.9M
$60.8M
Q3 25
$3.5M
$68.1M
Q2 25
$-2.3M
$71.4M
Q1 25
$-11.0M
$46.3M
Q4 24
$-9.5M
$50.0M
Q3 24
$-8.5M
$53.9M
Q2 24
$12.4M
$60.8M
Q1 24
$-15.6M
$51.6M
Gross Margin
EXPI
EXPI
FSS
FSS
Q4 25
28.4%
Q3 25
29.1%
Q2 25
30.0%
Q1 25
28.2%
Q4 24
28.1%
Q3 24
99.9%
29.6%
Q2 24
99.9%
29.4%
Q1 24
27.3%
Operating Margin
EXPI
EXPI
FSS
FSS
Q4 25
-1.1%
14.0%
Q3 25
0.3%
16.9%
Q2 25
-0.2%
17.3%
Q1 25
-1.1%
14.2%
Q4 24
-1.0%
14.9%
Q3 24
-0.7%
16.0%
Q2 24
1.4%
16.5%
Q1 24
-1.9%
12.8%
Net Margin
EXPI
EXPI
FSS
FSS
Q4 25
-1.1%
10.2%
Q3 25
0.3%
12.3%
Q2 25
-0.2%
12.6%
Q1 25
-1.2%
10.0%
Q4 24
-0.9%
10.6%
Q3 24
-0.7%
11.4%
Q2 24
1.0%
12.4%
Q1 24
-1.7%
12.1%
EPS (diluted)
EXPI
EXPI
FSS
FSS
Q4 25
$-0.08
$0.99
Q3 25
$0.02
$1.11
Q2 25
$-0.01
$1.16
Q1 25
$-0.07
$0.75
Q4 24
$-0.06
$0.80
Q3 24
$-0.06
$0.87
Q2 24
$0.08
$0.99
Q1 24
$-0.10
$0.84

Balance Sheet & Financial Strength

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

Metric
EXPI
EXPI
FSS
FSS
Cash + ST InvestmentsLiquidity on hand
$124.2M
$63.7M
Total DebtLower is stronger
$564.6M
Stockholders' EquityBook value
$242.8M
$1.4B
Total Assets
$442.5M
$2.4B
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPI
EXPI
FSS
FSS
Q4 25
$124.2M
$63.7M
Q3 25
$112.8M
$54.4M
Q2 25
$94.6M
$64.7M
Q1 25
$115.7M
$57.5M
Q4 24
$113.6M
$91.1M
Q3 24
$130.4M
$73.7M
Q2 24
$108.4M
$48.6M
Q1 24
$109.2M
$48.9M
Total Debt
EXPI
EXPI
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
EXPI
EXPI
FSS
FSS
Q4 25
$242.8M
$1.4B
Q3 25
$235.3M
$1.3B
Q2 25
$218.4M
$1.3B
Q1 25
$212.0M
$1.2B
Q4 24
$204.9M
$1.2B
Q3 24
$211.1M
$1.1B
Q2 24
$220.3M
$1.1B
Q1 24
$222.4M
$1.0B
Total Assets
EXPI
EXPI
FSS
FSS
Q4 25
$442.5M
$2.4B
Q3 25
$458.7M
$1.9B
Q2 25
$481.2M
$1.9B
Q1 25
$435.8M
$1.9B
Q4 24
$390.7M
$1.8B
Q3 24
$432.6M
$1.7B
Q2 24
$457.4M
$1.7B
Q1 24
$426.7M
$1.7B
Debt / Equity
EXPI
EXPI
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
EXPI
EXPI
FSS
FSS
Operating Cash FlowLast quarter
$13.8M
$97.2M
Free Cash FlowOCF − Capex
$11.9M
$89.5M
FCF MarginFCF / Revenue
1.0%
15.0%
Capex IntensityCapex / Revenue
0.2%
1.3%
Cash ConversionOCF / Net Profit
1.60×
TTM Free Cash FlowTrailing 4 quarters
$109.0M
$227.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPI
EXPI
FSS
FSS
Q4 25
$13.8M
$97.2M
Q3 25
$28.9M
$61.1M
Q2 25
$36.1M
$59.7M
Q1 25
$39.8M
$36.7M
Q4 24
$13.7M
$90.6M
Q3 24
$46.0M
$68.8M
Q2 24
$71.1M
$40.6M
Q1 24
$60.7M
$31.3M
Free Cash Flow
EXPI
EXPI
FSS
FSS
Q4 25
$11.9M
$89.5M
Q3 25
$26.6M
$54.1M
Q2 25
$33.3M
$52.4M
Q1 25
$37.3M
$31.1M
Q4 24
$11.6M
$82.1M
Q3 24
$44.4M
$60.9M
Q2 24
$69.7M
$24.8M
Q1 24
$59.3M
$22.9M
FCF Margin
EXPI
EXPI
FSS
FSS
Q4 25
1.0%
15.0%
Q3 25
2.0%
9.7%
Q2 25
2.5%
9.3%
Q1 25
3.9%
6.7%
Q4 24
1.1%
17.4%
Q3 24
3.6%
12.8%
Q2 24
5.4%
5.1%
Q1 24
6.3%
5.4%
Capex Intensity
EXPI
EXPI
FSS
FSS
Q4 25
0.2%
1.3%
Q3 25
0.2%
1.3%
Q2 25
0.2%
1.3%
Q1 25
0.3%
1.2%
Q4 24
0.2%
1.8%
Q3 24
0.1%
1.7%
Q2 24
0.1%
3.2%
Q1 24
0.1%
2.0%
Cash Conversion
EXPI
EXPI
FSS
FSS
Q4 25
1.60×
Q3 25
8.26×
0.90×
Q2 25
0.84×
Q1 25
0.79×
Q4 24
1.81×
Q3 24
1.28×
Q2 24
5.75×
0.67×
Q1 24
0.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXPI
EXPI

North American Realty$1.1B96%
International Realty$42.2M4%

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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