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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and Howard Hughes Holdings Inc. (HHH). Click either name above to swap in a different company.

Howard Hughes Holdings Inc. is the larger business by last-quarter revenue ($624.4M vs $597.1M, roughly 1.0× FEDERAL SIGNAL CORP). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs 1.0%, a 9.2% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $89.5M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% CAGR vs 18.5%).

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

Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.

FSS vs HHH — Head-to-Head

Bigger by revenue
HHH
HHH
1.0× larger
HHH
$624.4M
$597.1M
FSS
Growing faster (revenue YoY)
FSS
FSS
+59.7% gap
FSS
26.5%
-33.2%
HHH
Higher net margin
FSS
FSS
9.2% more per $
FSS
10.2%
1.0%
HHH
More free cash flow
HHH
HHH
$259.1M more FCF
HHH
$348.6M
$89.5M
FSS
Faster 2-yr revenue CAGR
HHH
HHH
Annualised
HHH
91.0%
18.5%
FSS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSS
FSS
HHH
HHH
Revenue
$597.1M
$624.4M
Net Profit
$60.8M
$6.0M
Gross Margin
28.4%
Operating Margin
14.0%
4.2%
Net Margin
10.2%
1.0%
Revenue YoY
26.5%
-33.2%
Net Profit YoY
21.6%
-96.2%
EPS (diluted)
$0.99
$0.20

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
FSS
FSS
HHH
HHH
Q4 25
$597.1M
$624.4M
Q3 25
$555.0M
$390.2M
Q2 25
$564.6M
$260.9M
Q1 25
$463.8M
$199.3M
Q4 24
$472.0M
$935.0M
Q3 24
$474.2M
$327.1M
Q2 24
$490.4M
$317.4M
Q1 24
$424.9M
$171.1M
Net Profit
FSS
FSS
HHH
HHH
Q4 25
$60.8M
$6.0M
Q3 25
$68.1M
$119.5M
Q2 25
$71.4M
$-12.1M
Q1 25
$46.3M
$10.5M
Q4 24
$50.0M
$156.3M
Q3 24
$53.9M
$72.8M
Q2 24
$60.8M
$21.1M
Q1 24
$51.6M
$-52.5M
Gross Margin
FSS
FSS
HHH
HHH
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 24
27.3%
Operating Margin
FSS
FSS
HHH
HHH
Q4 25
14.0%
4.2%
Q3 25
16.9%
48.6%
Q2 25
17.3%
26.0%
Q1 25
14.2%
24.0%
Q4 24
14.9%
33.5%
Q3 24
16.0%
60.6%
Q2 24
16.5%
20.4%
Q1 24
12.8%
-9.8%
Net Margin
FSS
FSS
HHH
HHH
Q4 25
10.2%
1.0%
Q3 25
12.3%
30.6%
Q2 25
12.6%
-4.7%
Q1 25
10.0%
5.3%
Q4 24
10.6%
16.7%
Q3 24
11.4%
22.2%
Q2 24
12.4%
6.6%
Q1 24
12.1%
-30.7%
EPS (diluted)
FSS
FSS
HHH
HHH
Q4 25
$0.99
$0.20
Q3 25
$1.11
$2.02
Q2 25
$1.16
$-0.22
Q1 25
$0.75
$0.21
Q4 24
$0.80
$3.14
Q3 24
$0.87
$1.46
Q2 24
$0.99
$0.42
Q1 24
$0.84
$-1.06

Balance Sheet & Financial Strength

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

Metric
FSS
FSS
HHH
HHH
Cash + ST InvestmentsLiquidity on hand
$63.7M
$1.5B
Total DebtLower is stronger
$564.6M
$5.1B
Stockholders' EquityBook value
$1.4B
$3.8B
Total Assets
$2.4B
$10.6B
Debt / EquityLower = less leverage
0.41×
1.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSS
FSS
HHH
HHH
Q4 25
$63.7M
$1.5B
Q3 25
$54.4M
$1.5B
Q2 25
$64.7M
$1.4B
Q1 25
$57.5M
$493.7M
Q4 24
$91.1M
$596.1M
Q3 24
$73.7M
$400.7M
Q2 24
$48.6M
$436.8M
Q1 24
$48.9M
$462.7M
Total Debt
FSS
FSS
HHH
HHH
Q4 25
$564.6M
$5.1B
Q3 25
$201.2M
Q2 25
$258.3M
Q1 25
$266.9M
Q4 24
$204.4M
$5.1B
Q3 24
$223.3M
Q2 24
$248.8M
Q1 24
$266.8M
Stockholders' Equity
FSS
FSS
HHH
HHH
Q4 25
$1.4B
$3.8B
Q3 25
$1.3B
$3.8B
Q2 25
$1.3B
$3.6B
Q1 25
$1.2B
$2.8B
Q4 24
$1.2B
$2.8B
Q3 24
$1.1B
$2.6B
Q2 24
$1.1B
$3.0B
Q1 24
$1.0B
$2.9B
Total Assets
FSS
FSS
HHH
HHH
Q4 25
$2.4B
$10.6B
Q3 25
$1.9B
$10.7B
Q2 25
$1.9B
$10.3B
Q1 25
$1.9B
$9.3B
Q4 24
$1.8B
$9.2B
Q3 24
$1.7B
$9.4B
Q2 24
$1.7B
$9.9B
Q1 24
$1.7B
$9.6B
Debt / Equity
FSS
FSS
HHH
HHH
Q4 25
0.41×
1.35×
Q3 25
0.15×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.17×
1.85×
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
FSS
FSS
HHH
HHH
Operating Cash FlowLast quarter
$97.2M
$360.3M
Free Cash FlowOCF − Capex
$89.5M
$348.6M
FCF MarginFCF / Revenue
15.0%
55.8%
Capex IntensityCapex / Revenue
1.3%
1.9%
Cash ConversionOCF / Net Profit
1.60×
60.04×
TTM Free Cash FlowTrailing 4 quarters
$227.1M
$417.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSS
FSS
HHH
HHH
Q4 25
$97.2M
$360.3M
Q3 25
$61.1M
$149.8M
Q2 25
$59.7M
$177.3M
Q1 25
$36.7M
$-224.9M
Q4 24
$90.6M
$337.1M
Q3 24
$68.8M
$248.3M
Q2 24
$40.6M
$-17.5M
Q1 24
$31.3M
$-171.2M
Free Cash Flow
FSS
FSS
HHH
HHH
Q4 25
$89.5M
$348.6M
Q3 25
$54.1M
$137.7M
Q2 25
$52.4M
$169.7M
Q1 25
$31.1M
$-238.4M
Q4 24
$82.1M
$317.1M
Q3 24
$60.9M
$238.7M
Q2 24
$24.8M
$-25.1M
Q1 24
$22.9M
$-182.0M
FCF Margin
FSS
FSS
HHH
HHH
Q4 25
15.0%
55.8%
Q3 25
9.7%
35.3%
Q2 25
9.3%
65.1%
Q1 25
6.7%
-119.6%
Q4 24
17.4%
33.9%
Q3 24
12.8%
73.0%
Q2 24
5.1%
-7.9%
Q1 24
5.4%
-106.4%
Capex Intensity
FSS
FSS
HHH
HHH
Q4 25
1.3%
1.9%
Q3 25
1.3%
3.1%
Q2 25
1.3%
2.9%
Q1 25
1.2%
6.8%
Q4 24
1.8%
2.1%
Q3 24
1.7%
2.9%
Q2 24
3.2%
2.4%
Q1 24
2.0%
6.3%
Cash Conversion
FSS
FSS
HHH
HHH
Q4 25
1.60×
60.04×
Q3 25
0.90×
1.25×
Q2 25
0.84×
Q1 25
0.79×
-21.35×
Q4 24
1.81×
2.16×
Q3 24
1.28×
3.41×
Q2 24
0.67×
-0.83×
Q1 24
0.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FSS
FSS

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

HHH
HHH

Transferred At Point In Time$499.8M80%
Operating Assets Segment$117.9M19%
Builder Price Participation$12.9M2%

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