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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and Indivior Pharmaceuticals, Inc. (INDV). Click either name above to swap in a different company.

FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $357.0M, roughly 1.7× Indivior Pharmaceuticals, Inc.). Indivior Pharmaceuticals, Inc. runs the higher net margin — 28.9% vs 10.2%, a 18.7% gap on every dollar of revenue. FEDERAL SIGNAL CORP produced more free cash flow last quarter ($89.5M vs $-245.0M).

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

Indivior is a global specialty pharmaceutical company dedicated to developing and commercializing evidence-based treatments for substance use disorders such as opioid use disorder and alcohol dependence, as well as related mental health conditions. Its primary operating markets are North America and Europe, with a portfolio of approved therapies targeting unmet medical needs for underserved patient groups.

FSS vs INDV — Head-to-Head

Bigger by revenue
FSS
FSS
1.7× larger
FSS
$597.1M
$357.0M
INDV
Higher net margin
INDV
INDV
18.7% more per $
INDV
28.9%
10.2%
FSS
More free cash flow
FSS
FSS
$334.5M more FCF
FSS
$89.5M
$-245.0M
INDV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSS
FSS
INDV
INDV
Revenue
$597.1M
$357.0M
Net Profit
$60.8M
$103.0M
Gross Margin
28.4%
82.1%
Operating Margin
14.0%
22.7%
Net Margin
10.2%
28.9%
Revenue YoY
26.5%
Net Profit YoY
21.6%
390.5%
EPS (diluted)
$0.99
$0.79

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
INDV
INDV
Q4 25
$597.1M
$357.0M
Q3 25
$555.0M
$314.0M
Q2 25
$564.6M
$302.0M
Q1 25
$463.8M
$266.0M
Q4 24
$472.0M
Q3 24
$474.2M
$307.0M
Q2 24
$490.4M
$299.0M
Q1 24
$424.9M
Net Profit
FSS
FSS
INDV
INDV
Q4 25
$60.8M
$103.0M
Q3 25
$68.1M
$42.0M
Q2 25
$71.4M
$18.0M
Q1 25
$46.3M
$47.0M
Q4 24
$50.0M
Q3 24
$53.9M
$22.0M
Q2 24
$60.8M
$-97.0M
Q1 24
$51.6M
Gross Margin
FSS
FSS
INDV
INDV
Q4 25
28.4%
82.1%
Q3 25
29.1%
73.2%
Q2 25
30.0%
82.8%
Q1 25
28.2%
83.1%
Q4 24
28.1%
Q3 24
29.6%
78.5%
Q2 24
29.4%
73.6%
Q1 24
27.3%
Operating Margin
FSS
FSS
INDV
INDV
Q4 25
14.0%
22.7%
Q3 25
16.9%
13.7%
Q2 25
17.3%
23.8%
Q1 25
14.2%
24.8%
Q4 24
14.9%
Q3 24
16.0%
11.4%
Q2 24
16.5%
-39.5%
Q1 24
12.8%
Net Margin
FSS
FSS
INDV
INDV
Q4 25
10.2%
28.9%
Q3 25
12.3%
13.4%
Q2 25
12.6%
6.0%
Q1 25
10.0%
17.7%
Q4 24
10.6%
Q3 24
11.4%
7.2%
Q2 24
12.4%
-32.4%
Q1 24
12.1%
EPS (diluted)
FSS
FSS
INDV
INDV
Q4 25
$0.99
$0.79
Q3 25
$1.11
$0.33
Q2 25
$1.16
$0.14
Q1 25
$0.75
$0.38
Q4 24
$0.80
Q3 24
$0.87
$0.16
Q2 24
$0.99
$-0.72
Q1 24
$0.84

Balance Sheet & Financial Strength

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

Metric
FSS
FSS
INDV
INDV
Cash + ST InvestmentsLiquidity on hand
$63.7M
$195.0M
Total DebtLower is stronger
$564.6M
Stockholders' EquityBook value
$1.4B
$-98.0M
Total Assets
$2.4B
$1.2B
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSS
FSS
INDV
INDV
Q4 25
$63.7M
$195.0M
Q3 25
$54.4M
$445.0M
Q2 25
$64.7M
$510.0M
Q1 25
$57.5M
$373.0M
Q4 24
$91.1M
Q3 24
$73.7M
Q2 24
$48.6M
Q1 24
$48.9M
Total Debt
FSS
FSS
INDV
INDV
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
INDV
INDV
Q4 25
$1.4B
$-98.0M
Q3 25
$1.3B
$-207.0M
Q2 25
$1.3B
$-257.0M
Q1 25
$1.2B
$-285.0M
Q4 24
$1.2B
Q3 24
$1.1B
$-310.0M
Q2 24
$1.1B
$-281.0M
Q1 24
$1.0B
Total Assets
FSS
FSS
INDV
INDV
Q4 25
$2.4B
$1.2B
Q3 25
$1.9B
$1.4B
Q2 25
$1.9B
$1.5B
Q1 25
$1.9B
$1.4B
Q4 24
$1.8B
Q3 24
$1.7B
Q2 24
$1.7B
Q1 24
$1.7B
Debt / Equity
FSS
FSS
INDV
INDV
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
INDV
INDV
Operating Cash FlowLast quarter
$97.2M
$-221.0M
Free Cash FlowOCF − Capex
$89.5M
$-245.0M
FCF MarginFCF / Revenue
15.0%
-68.6%
Capex IntensityCapex / Revenue
1.3%
6.7%
Cash ConversionOCF / Net Profit
1.60×
-2.15×
TTM Free Cash FlowTrailing 4 quarters
$227.1M
$-93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSS
FSS
INDV
INDV
Q4 25
$97.2M
$-221.0M
Q3 25
$61.1M
$-39.0M
Q2 25
$59.7M
$158.0M
Q1 25
$36.7M
$75.0M
Q4 24
$90.6M
Q3 24
$68.8M
$2.0M
Q2 24
$40.6M
$88.0M
Q1 24
$31.3M
Free Cash Flow
FSS
FSS
INDV
INDV
Q4 25
$89.5M
$-245.0M
Q3 25
$54.1M
$-59.0M
Q2 25
$52.4M
$141.0M
Q1 25
$31.1M
$70.0M
Q4 24
$82.1M
Q3 24
$60.9M
$-5.0M
Q2 24
$24.8M
$84.0M
Q1 24
$22.9M
FCF Margin
FSS
FSS
INDV
INDV
Q4 25
15.0%
-68.6%
Q3 25
9.7%
-18.8%
Q2 25
9.3%
46.7%
Q1 25
6.7%
26.3%
Q4 24
17.4%
Q3 24
12.8%
-1.6%
Q2 24
5.1%
28.1%
Q1 24
5.4%
Capex Intensity
FSS
FSS
INDV
INDV
Q4 25
1.3%
6.7%
Q3 25
1.3%
6.4%
Q2 25
1.3%
5.6%
Q1 25
1.2%
1.9%
Q4 24
1.8%
Q3 24
1.7%
2.3%
Q2 24
3.2%
1.3%
Q1 24
2.0%
Cash Conversion
FSS
FSS
INDV
INDV
Q4 25
1.60×
-2.15×
Q3 25
0.90×
-0.93×
Q2 25
0.84×
8.78×
Q1 25
0.79×
1.60×
Q4 24
1.81×
Q3 24
1.28×
0.09×
Q2 24
0.67×
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%

INDV
INDV

Sublocade$233.0M65%
Sublingual And Other$69.0M19%
Other$49.0M14%
Perseris$6.0M2%

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