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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $592.6M, roughly 1.0× KENNAMETAL INC). KENNAMETAL INC runs the higher net margin — 10.3% vs 10.2%, a 0.1% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 21.8%). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 4.4%).
The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
FSS vs KMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $597.1M | $592.6M |
| Net Profit | $60.8M | $61.1M |
| Gross Margin | 28.4% | 35.1% |
| Operating Margin | 14.0% | 13.4% |
| Net Margin | 10.2% | 10.3% |
| Revenue YoY | 26.5% | 21.8% |
| Net Profit YoY | 21.6% | 85.0% |
| EPS (diluted) | $0.99 | $0.75 |
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 | — | $592.6M | ||
| Q4 25 | $597.1M | $529.5M | ||
| Q3 25 | $555.0M | $498.0M | ||
| Q2 25 | $564.6M | $516.4M | ||
| Q1 25 | $463.8M | $486.4M | ||
| Q4 24 | $472.0M | $482.1M | ||
| Q3 24 | $474.2M | $481.9M | ||
| Q2 24 | $490.4M | $543.3M |
| Q1 26 | — | $61.1M | ||
| Q4 25 | $60.8M | $33.9M | ||
| Q3 25 | $68.1M | $23.3M | ||
| Q2 25 | $71.4M | $21.6M | ||
| Q1 25 | $46.3M | $31.5M | ||
| Q4 24 | $50.0M | $17.9M | ||
| Q3 24 | $53.9M | $22.1M | ||
| Q2 24 | $60.8M | $37.2M |
| Q1 26 | — | 35.1% | ||
| Q4 25 | 28.4% | 32.8% | ||
| Q3 25 | 29.1% | 31.0% | ||
| Q2 25 | 30.0% | 28.2% | ||
| Q1 25 | 28.2% | 32.1% | ||
| Q4 24 | 28.1% | 30.1% | ||
| Q3 24 | 29.6% | 31.3% | ||
| Q2 24 | 29.4% | 31.5% |
| Q1 26 | — | 13.4% | ||
| Q4 25 | 14.0% | 9.9% | ||
| Q3 25 | 16.9% | 7.5% | ||
| Q2 25 | 17.3% | 6.1% | ||
| Q1 25 | 14.2% | 9.1% | ||
| Q4 24 | 14.9% | 6.6% | ||
| Q3 24 | 16.0% | 7.5% | ||
| Q2 24 | 16.5% | 11.3% |
| Q1 26 | — | 10.3% | ||
| Q4 25 | 10.2% | 6.4% | ||
| Q3 25 | 12.3% | 4.7% | ||
| Q2 25 | 12.6% | 4.2% | ||
| Q1 25 | 10.0% | 6.5% | ||
| Q4 24 | 10.6% | 3.7% | ||
| Q3 24 | 11.4% | 4.6% | ||
| Q2 24 | 12.4% | 6.8% |
| Q1 26 | — | $0.75 | ||
| Q4 25 | $0.99 | $0.44 | ||
| Q3 25 | $1.11 | $0.30 | ||
| Q2 25 | $1.16 | $0.28 | ||
| Q1 25 | $0.75 | $0.41 | ||
| Q4 24 | $0.80 | $0.23 | ||
| Q3 24 | $0.87 | $0.28 | ||
| Q2 24 | $0.99 | $0.47 |
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 | $106.8M |
| Total DebtLower is stronger | $564.6M | $597.4M |
| Stockholders' EquityBook value | $1.4B | — |
| Total Assets | $2.4B | $2.7B |
| Debt / EquityLower = less leverage | 0.41× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $106.8M | ||
| Q4 25 | $63.7M | $129.3M | ||
| Q3 25 | $54.4M | $103.5M | ||
| Q2 25 | $64.7M | $140.5M | ||
| Q1 25 | $57.5M | $97.5M | ||
| Q4 24 | $91.1M | $121.2M | ||
| Q3 24 | $73.7M | $119.6M | ||
| Q2 24 | $48.6M | $128.0M |
| Q1 26 | — | $597.4M | ||
| Q4 25 | $564.6M | $597.2M | ||
| Q3 25 | $201.2M | $597.0M | ||
| Q2 25 | $258.3M | $596.8M | ||
| Q1 25 | $266.9M | $596.6M | ||
| Q4 24 | $204.4M | $596.4M | ||
| Q3 24 | $223.3M | $596.2M | ||
| Q2 24 | $248.8M | $596.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.4B | $2.6B | ||
| Q3 25 | $1.9B | $2.5B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $1.9B | $2.5B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.7B | $2.5B | ||
| Q2 24 | $1.7B | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.41× | 0.45× | ||
| Q3 25 | 0.15× | 0.46× | ||
| Q2 25 | 0.20× | 0.46× | ||
| Q1 25 | 0.22× | 0.48× | ||
| Q4 24 | 0.17× | 0.49× | ||
| Q3 24 | 0.19× | 0.47× | ||
| Q2 24 | 0.23× | 0.48× |
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 | $55.1M | ||
| Q3 25 | $61.1M | $17.5M | ||
| Q2 25 | $59.7M | $78.6M | ||
| Q1 25 | $36.7M | $28.8M | ||
| Q4 24 | $90.6M | $55.2M | ||
| Q3 24 | $68.8M | $45.7M | ||
| Q2 24 | $40.6M | $113.6M |
| Q1 26 | — | — | ||
| Q4 25 | $89.5M | $42.4M | ||
| Q3 25 | $54.1M | $-5.5M | ||
| Q2 25 | $52.4M | $57.1M | ||
| Q1 25 | $31.1M | $5.3M | ||
| Q4 24 | $82.1M | $35.9M | ||
| Q3 24 | $60.9M | $21.0M | ||
| Q2 24 | $24.8M | $90.3M |
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | 8.0% | ||
| Q3 25 | 9.7% | -1.1% | ||
| Q2 25 | 9.3% | 11.1% | ||
| Q1 25 | 6.7% | 1.1% | ||
| Q4 24 | 17.4% | 7.5% | ||
| Q3 24 | 12.8% | 4.4% | ||
| Q2 24 | 5.1% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 2.4% | ||
| Q3 25 | 1.3% | 4.6% | ||
| Q2 25 | 1.3% | 4.2% | ||
| Q1 25 | 1.2% | 4.8% | ||
| Q4 24 | 1.8% | 4.0% | ||
| Q3 24 | 1.7% | 5.1% | ||
| Q2 24 | 3.2% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | 1.63× | ||
| Q3 25 | 0.90× | 0.75× | ||
| Q2 25 | 0.84× | 3.64× | ||
| Q1 25 | 0.79× | 0.92× | ||
| Q4 24 | 1.81× | 3.08× | ||
| Q3 24 | 1.28× | 2.07× | ||
| Q2 24 | 0.67× | 3.06× |
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% |
KMT
| Americas | $298.3M | 50% |
| EMEA | $174.0M | 29% |
| Asia Pacific | $120.3M | 20% |
