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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and HECLA MINING CO (HL). Click either name above to swap in a different company.

FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $448.1M, roughly 1.3× HECLA MINING CO). HECLA MINING CO runs the higher net margin — 30.0% vs 10.2%, a 19.8% gap on every dollar of revenue. On growth, HECLA MINING CO posted the faster year-over-year revenue change (79.5% vs 26.5%). HECLA MINING CO produced more free cash flow last quarter ($134.7M vs $89.5M). Over the past eight quarters, HECLA MINING CO's revenue compounded faster (53.8% 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.

Hecla Mining is a leading U.S.-based precious and base metals mining firm. Core products include silver, gold, lead and zinc, with operating assets across North America. It supplies raw materials to global jewelry manufacturing, industrial production, and renewable energy segments, and is a top domestic primary silver producer.

FSS vs HL — Head-to-Head

Bigger by revenue
FSS
FSS
1.3× larger
FSS
$597.1M
$448.1M
HL
Growing faster (revenue YoY)
HL
HL
+53.0% gap
HL
79.5%
26.5%
FSS
Higher net margin
HL
HL
19.8% more per $
HL
30.0%
10.2%
FSS
More free cash flow
HL
HL
$45.2M more FCF
HL
$134.7M
$89.5M
FSS
Faster 2-yr revenue CAGR
HL
HL
Annualised
HL
53.8%
18.5%
FSS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSS
FSS
HL
HL
Revenue
$597.1M
$448.1M
Net Profit
$60.8M
$134.4M
Gross Margin
28.4%
55.4%
Operating Margin
14.0%
49.1%
Net Margin
10.2%
30.0%
Revenue YoY
26.5%
79.5%
Net Profit YoY
21.6%
1027.2%
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
HL
HL
Q4 25
$597.1M
$448.1M
Q3 25
$555.0M
$409.5M
Q2 25
$564.6M
$304.0M
Q1 25
$463.8M
$261.3M
Q4 24
$472.0M
$249.7M
Q3 24
$474.2M
$245.1M
Q2 24
$490.4M
$245.7M
Q1 24
$424.9M
$189.5M
Net Profit
FSS
FSS
HL
HL
Q4 25
$60.8M
$134.4M
Q3 25
$68.1M
$100.7M
Q2 25
$71.4M
$57.7M
Q1 25
$46.3M
$28.9M
Q4 24
$50.0M
$11.9M
Q3 24
$53.9M
$1.8M
Q2 24
$60.8M
$27.9M
Q1 24
$51.6M
$-5.8M
Gross Margin
FSS
FSS
HL
HL
Q4 25
28.4%
55.4%
Q3 25
29.1%
44.1%
Q2 25
30.0%
39.3%
Q1 25
28.2%
28.3%
Q4 24
28.1%
27.4%
Q3 24
29.6%
24.2%
Q2 24
29.4%
20.9%
Q1 24
27.3%
10.1%
Operating Margin
FSS
FSS
HL
HL
Q4 25
14.0%
49.1%
Q3 25
16.9%
36.3%
Q2 25
17.3%
30.8%
Q1 25
14.2%
20.0%
Q4 24
14.9%
15.3%
Q3 24
16.0%
9.2%
Q2 24
16.5%
16.5%
Q1 24
12.8%
2.7%
Net Margin
FSS
FSS
HL
HL
Q4 25
10.2%
30.0%
Q3 25
12.3%
24.6%
Q2 25
12.6%
19.0%
Q1 25
10.0%
11.0%
Q4 24
10.6%
4.8%
Q3 24
11.4%
0.7%
Q2 24
12.4%
11.3%
Q1 24
12.1%
-3.0%
EPS (diluted)
FSS
FSS
HL
HL
Q4 25
$0.99
$0.20
Q3 25
$1.11
$0.15
Q2 25
$1.16
$0.09
Q1 25
$0.75
$0.05
Q4 24
$0.80
$0.03
Q3 24
$0.87
$0.00
Q2 24
$0.99
$0.04
Q1 24
$0.84
$-0.01

Balance Sheet & Financial Strength

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

Metric
FSS
FSS
HL
HL
Cash + ST InvestmentsLiquidity on hand
$63.7M
$301.2M
Total DebtLower is stronger
$564.6M
Stockholders' EquityBook value
$1.4B
$2.6B
Total Assets
$2.4B
$3.6B
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSS
FSS
HL
HL
Q4 25
$63.7M
$301.2M
Q3 25
$54.4M
$133.9M
Q2 25
$64.7M
$296.6M
Q1 25
$57.5M
$23.7M
Q4 24
$91.1M
$26.9M
Q3 24
$73.7M
$22.3M
Q2 24
$48.6M
$24.6M
Q1 24
$48.9M
$80.2M
Total Debt
FSS
FSS
HL
HL
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
FSS
FSS
HL
HL
Q4 25
$1.4B
$2.6B
Q3 25
$1.3B
$2.4B
Q2 25
$1.3B
$2.3B
Q1 25
$1.2B
$2.1B
Q4 24
$1.2B
$2.0B
Q3 24
$1.1B
$2.0B
Q2 24
$1.1B
$2.0B
Q1 24
$1.0B
$2.0B
Total Assets
FSS
FSS
HL
HL
Q4 25
$2.4B
$3.6B
Q3 25
$1.9B
$3.2B
Q2 25
$1.9B
$3.3B
Q1 25
$1.9B
$3.0B
Q4 24
$1.8B
$3.0B
Q3 24
$1.7B
$3.0B
Q2 24
$1.7B
$2.9B
Q1 24
$1.7B
$3.0B
Debt / Equity
FSS
FSS
HL
HL
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
FSS
FSS
HL
HL
Operating Cash FlowLast quarter
$97.2M
$217.1M
Free Cash FlowOCF − Capex
$89.5M
$134.7M
FCF MarginFCF / Revenue
15.0%
30.1%
Capex IntensityCapex / Revenue
1.3%
18.4%
Cash ConversionOCF / Net Profit
1.60×
1.61×
TTM Free Cash FlowTrailing 4 quarters
$227.1M
$310.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSS
FSS
HL
HL
Q4 25
$97.2M
$217.1M
Q3 25
$61.1M
$148.0M
Q2 25
$59.7M
$161.8M
Q1 25
$36.7M
$35.7M
Q4 24
$90.6M
$67.5M
Q3 24
$68.8M
$55.0M
Q2 24
$40.6M
$78.7M
Q1 24
$31.3M
$17.1M
Free Cash Flow
FSS
FSS
HL
HL
Q4 25
$89.5M
$134.7M
Q3 25
$54.1M
$90.1M
Q2 25
$52.4M
$103.8M
Q1 25
$31.1M
$-18.4M
Q4 24
$82.1M
$6.7M
Q3 24
$60.9M
$-690.0K
Q2 24
$24.8M
$28.3M
Q1 24
$22.9M
$-30.5M
FCF Margin
FSS
FSS
HL
HL
Q4 25
15.0%
30.1%
Q3 25
9.7%
22.0%
Q2 25
9.3%
34.1%
Q1 25
6.7%
-7.0%
Q4 24
17.4%
2.7%
Q3 24
12.8%
-0.3%
Q2 24
5.1%
11.5%
Q1 24
5.4%
-16.1%
Capex Intensity
FSS
FSS
HL
HL
Q4 25
1.3%
18.4%
Q3 25
1.3%
14.1%
Q2 25
1.3%
19.1%
Q1 25
1.2%
20.7%
Q4 24
1.8%
24.3%
Q3 24
1.7%
22.7%
Q2 24
3.2%
20.5%
Q1 24
2.0%
25.1%
Cash Conversion
FSS
FSS
HL
HL
Q4 25
1.60×
1.61×
Q3 25
0.90×
1.47×
Q2 25
0.84×
2.80×
Q1 25
0.79×
1.24×
Q4 24
1.81×
5.66×
Q3 24
1.28×
31.24×
Q2 24
0.67×
2.82×
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%

HL
HL

Silver Contracts$258.5M58%
Gold$129.2M29%
Zinc$30.3M7%
Lead$23.3M5%
Environmental Remediation Services$9.2M2%

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