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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $420.0M, roughly 1.4× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 10.2%, a 46.8% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 6.3%). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 5.0%).
The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
FSS vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $597.1M | $420.0M |
| Net Profit | $60.8M | $239.4M |
| Gross Margin | 28.4% | — |
| Operating Margin | 14.0% | 79.4% |
| Net Margin | 10.2% | 57.0% |
| Revenue YoY | 26.5% | 6.3% |
| Net Profit YoY | 21.6% | 40.5% |
| EPS (diluted) | $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.
| Q1 26 | — | $420.0M | ||
| Q4 25 | $597.1M | $407.0M | ||
| Q3 25 | $555.0M | $397.6M | ||
| Q2 25 | $564.6M | $394.9M | ||
| Q1 25 | $463.8M | $395.2M | ||
| Q4 24 | $472.0M | $389.6M | ||
| Q3 24 | $474.2M | $385.3M | ||
| Q2 24 | $490.4M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $60.8M | $275.4M | ||
| Q3 25 | $68.1M | $241.2M | ||
| Q2 25 | $71.4M | $151.4M | ||
| Q1 25 | $46.3M | $165.2M | ||
| Q4 24 | $50.0M | $223.6M | ||
| Q3 24 | $53.9M | $184.7M | ||
| Q2 24 | $60.8M | $208.3M |
| Q1 26 | — | — | ||
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | 28.2% | — | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 29.4% | — |
| Q1 26 | — | 79.4% | ||
| Q4 25 | 14.0% | 89.3% | ||
| Q3 25 | 16.9% | 84.8% | ||
| Q2 25 | 17.3% | 61.3% | ||
| Q1 25 | 14.2% | 65.5% | ||
| Q4 24 | 14.9% | 79.1% | ||
| Q3 24 | 16.0% | 70.4% | ||
| Q2 24 | 16.5% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 10.2% | 67.6% | ||
| Q3 25 | 12.3% | 60.7% | ||
| Q2 25 | 12.6% | 38.4% | ||
| Q1 25 | 10.0% | 41.8% | ||
| Q4 24 | 10.6% | 57.4% | ||
| Q3 24 | 11.4% | 47.9% | ||
| Q2 24 | 12.4% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.99 | $0.96 | ||
| Q3 25 | $1.11 | $0.85 | ||
| Q2 25 | $1.16 | $0.54 | ||
| Q1 25 | $0.75 | $0.60 | ||
| Q4 24 | $0.80 | $0.79 | ||
| Q3 24 | $0.87 | $0.67 | ||
| Q2 24 | $0.99 | $0.77 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $63.7M | $274.5M |
| Total DebtLower is stronger | $564.6M | — |
| Stockholders' EquityBook value | $1.4B | $5.0B |
| Total Assets | $2.4B | $13.8B |
| Debt / EquityLower = less leverage | 0.41× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $54.4M | — | ||
| Q2 25 | $64.7M | — | ||
| Q1 25 | $57.5M | — | ||
| Q4 24 | $91.1M | $560.8M | ||
| Q3 24 | $73.7M | $560.8M | ||
| Q2 24 | $48.6M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | $564.6M | $7.2B | ||
| Q3 25 | $201.2M | $7.2B | ||
| Q2 25 | $258.3M | $6.9B | ||
| Q1 25 | $266.9M | $6.9B | ||
| Q4 24 | $204.4M | $7.7B | ||
| Q3 24 | $223.3M | $7.4B | ||
| Q2 24 | $248.8M | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $1.4B | $4.6B | ||
| Q3 25 | $1.3B | $4.6B | ||
| Q2 25 | $1.3B | $4.6B | ||
| Q1 25 | $1.2B | $4.2B | ||
| Q4 24 | $1.2B | $4.3B | ||
| Q3 24 | $1.1B | $4.3B | ||
| Q2 24 | $1.1B | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $2.4B | $12.9B | ||
| Q3 25 | $1.9B | $12.8B | ||
| Q2 25 | $1.9B | $12.5B | ||
| Q1 25 | $1.9B | $12.1B | ||
| Q4 24 | $1.8B | $13.1B | ||
| Q3 24 | $1.7B | $12.7B | ||
| Q2 24 | $1.7B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.41× | 1.56× | ||
| Q3 25 | 0.15× | 1.57× | ||
| Q2 25 | 0.20× | 1.51× | ||
| Q1 25 | 0.22× | 1.63× | ||
| Q4 24 | 0.17× | 1.81× | ||
| Q3 24 | 0.19× | 1.74× | ||
| Q2 24 | 0.23× | 1.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $97.2M | — |
| Free Cash FlowOCF − Capex | $89.5M | — |
| FCF MarginFCF / Revenue | 15.0% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 1.60× | — |
| TTM Free Cash FlowTrailing 4 quarters | $227.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $97.2M | $1.1B | ||
| Q3 25 | $61.1M | $240.3M | ||
| Q2 25 | $59.7M | $293.4M | ||
| Q1 25 | $36.7M | $252.5M | ||
| Q4 24 | $90.6M | $1.1B | ||
| Q3 24 | $68.8M | $270.4M | ||
| Q2 24 | $40.6M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $89.5M | — | ||
| Q3 25 | $54.1M | $183.0M | ||
| Q2 25 | $52.4M | $272.3M | ||
| Q1 25 | $31.1M | $239.6M | ||
| Q4 24 | $82.1M | $1.1B | ||
| Q3 24 | $60.9M | $261.5M | ||
| Q2 24 | $24.8M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | — | ||
| Q3 25 | 9.7% | 46.0% | ||
| Q2 25 | 9.3% | 69.0% | ||
| Q1 25 | 6.7% | 60.6% | ||
| Q4 24 | 17.4% | 275.3% | ||
| Q3 24 | 12.8% | 67.9% | ||
| Q2 24 | 5.1% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.3% | 14.4% | ||
| Q2 25 | 1.3% | 5.3% | ||
| Q1 25 | 1.2% | 3.3% | ||
| Q4 24 | 1.8% | 0.0% | ||
| Q3 24 | 1.7% | 2.3% | ||
| Q2 24 | 3.2% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | 4.10× | ||
| Q3 25 | 0.90× | 1.00× | ||
| Q2 25 | 0.84× | 1.94× | ||
| Q1 25 | 0.79× | 1.53× | ||
| Q4 24 | 1.81× | 4.80× | ||
| Q3 24 | 1.28× | 1.46× | ||
| Q2 24 | 0.67× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSS
| Vehiclesandequipment | $403.4M | 68% |
| Parts | $66.8M | 11% |
| Publicsafetyandsecurityequipment | $62.2M | 10% |
| Rentalincome | $19.0M | 3% |
| Industrialsignalingequipment | $18.2M | 3% |
| Other | $14.9M | 2% |
| Warningsystems | $12.6M | 2% |
GLPI
Segment breakdown not available.
