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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and Hilltop Holdings Inc. (HTH). Click either name above to swap in a different company.
FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $300.5M, roughly 2.0× Hilltop Holdings Inc.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 10.2%, a 2.8% gap on every dollar of revenue. Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 0.6%).
The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
FSS vs HTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $597.1M | $300.5M |
| Net Profit | $60.8M | $39.0M |
| Gross Margin | 28.4% | — |
| Operating Margin | 14.0% | — |
| Net Margin | 10.2% | 13.0% |
| Revenue YoY | 26.5% | — |
| Net Profit YoY | 21.6% | -12.4% |
| EPS (diluted) | $0.99 | $0.64 |
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 | — | $300.5M | ||
| Q4 25 | $597.1M | $329.9M | ||
| Q3 25 | $555.0M | $330.2M | ||
| Q2 25 | $564.6M | $303.3M | ||
| Q1 25 | $463.8M | $318.5M | ||
| Q4 24 | $472.0M | $301.1M | ||
| Q3 24 | $474.2M | $305.5M | ||
| Q2 24 | $490.4M | $297.0M |
| Q1 26 | — | $39.0M | ||
| Q4 25 | $60.8M | $41.6M | ||
| Q3 25 | $68.1M | $45.8M | ||
| Q2 25 | $71.4M | $36.1M | ||
| Q1 25 | $46.3M | $42.1M | ||
| Q4 24 | $50.0M | $35.5M | ||
| Q3 24 | $53.9M | $29.7M | ||
| Q2 24 | $60.8M | $20.3M |
| 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 | — | — | ||
| Q4 25 | 14.0% | 16.1% | ||
| Q3 25 | 16.9% | 18.4% | ||
| Q2 25 | 17.3% | 16.3% | ||
| Q1 25 | 14.2% | 18.1% | ||
| Q4 24 | 14.9% | 14.7% | ||
| Q3 24 | 16.0% | 13.9% | ||
| Q2 24 | 16.5% | 10.0% |
| Q1 26 | — | 13.0% | ||
| Q4 25 | 10.2% | 12.6% | ||
| Q3 25 | 12.3% | 13.9% | ||
| Q2 25 | 12.6% | 11.9% | ||
| Q1 25 | 10.0% | 13.2% | ||
| Q4 24 | 10.6% | 11.8% | ||
| Q3 24 | 11.4% | 9.7% | ||
| Q2 24 | 12.4% | 6.8% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $0.99 | $0.68 | ||
| Q3 25 | $1.11 | $0.74 | ||
| Q2 25 | $1.16 | $0.57 | ||
| Q1 25 | $0.75 | $0.65 | ||
| Q4 24 | $0.80 | $0.55 | ||
| Q3 24 | $0.87 | $0.46 | ||
| Q2 24 | $0.99 | $0.31 |
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 | — |
| Total DebtLower is stronger | $564.6M | $990.8M |
| Stockholders' EquityBook value | $1.4B | $2.2B |
| Total Assets | $2.4B | $15.7B |
| Debt / EquityLower = less leverage | 0.41× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $54.4M | — | ||
| Q2 25 | $64.7M | — | ||
| Q1 25 | $57.5M | — | ||
| Q4 24 | $91.1M | — | ||
| Q3 24 | $73.7M | — | ||
| Q2 24 | $48.6M | — |
| Q1 26 | — | $990.8M | ||
| 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 26 | — | $2.2B | ||
| Q4 25 | $1.4B | $2.2B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.1B | $2.1B |
| Q1 26 | — | $15.7B | ||
| Q4 25 | $2.4B | $15.8B | ||
| Q3 25 | $1.9B | $15.6B | ||
| Q2 25 | $1.9B | $15.4B | ||
| Q1 25 | $1.9B | $15.8B | ||
| Q4 24 | $1.8B | $16.3B | ||
| Q3 24 | $1.7B | $15.9B | ||
| Q2 24 | $1.7B | $15.6B |
| Q1 26 | — | 0.46× | ||
| 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× | — |
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 | $-38.7M | ||
| Q3 25 | $61.1M | $273.0M | ||
| Q2 25 | $59.7M | $-234.6M | ||
| Q1 25 | $36.7M | $5.8M | ||
| Q4 24 | $90.6M | $273.9M | ||
| Q3 24 | $68.8M | $515.6M | ||
| Q2 24 | $40.6M | $-435.3M |
| Q1 26 | — | — | ||
| Q4 25 | $89.5M | $-55.5M | ||
| Q3 25 | $54.1M | $271.0M | ||
| Q2 25 | $52.4M | $-234.6M | ||
| Q1 25 | $31.1M | $5.0M | ||
| Q4 24 | $82.1M | $266.8M | ||
| Q3 24 | $60.9M | $513.8M | ||
| Q2 24 | $24.8M | $-437.3M |
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | -16.8% | ||
| Q3 25 | 9.7% | 82.1% | ||
| Q2 25 | 9.3% | -77.4% | ||
| Q1 25 | 6.7% | 1.6% | ||
| Q4 24 | 17.4% | 88.6% | ||
| Q3 24 | 12.8% | 168.2% | ||
| Q2 24 | 5.1% | -147.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 5.1% | ||
| Q3 25 | 1.3% | 0.6% | ||
| Q2 25 | 1.3% | 0.0% | ||
| Q1 25 | 1.2% | 0.3% | ||
| Q4 24 | 1.8% | 2.4% | ||
| Q3 24 | 1.7% | 0.6% | ||
| Q2 24 | 3.2% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | -0.93× | ||
| Q3 25 | 0.90× | 5.96× | ||
| Q2 25 | 0.84× | -6.50× | ||
| Q1 25 | 0.79× | 0.14× | ||
| Q4 24 | 1.81× | 7.71× | ||
| Q3 24 | 1.28× | 17.36× | ||
| Q2 24 | 0.67× | -21.41× |
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% |
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
