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

FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $432.7M, roughly 1.4× Koppers Holdings Inc.). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs 6.9%, a 3.3% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs -9.3%). FEDERAL SIGNAL CORP produced more free cash flow last quarter ($89.5M vs $28.5M). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs -6.7%).

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

Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.

FSS vs KOP — Head-to-Head

Bigger by revenue
FSS
FSS
1.4× larger
FSS
$597.1M
$432.7M
KOP
Growing faster (revenue YoY)
FSS
FSS
+35.8% gap
FSS
26.5%
-9.3%
KOP
Higher net margin
FSS
FSS
3.3% more per $
FSS
10.2%
6.9%
KOP
More free cash flow
FSS
FSS
$61.0M more FCF
FSS
$89.5M
$28.5M
KOP
Faster 2-yr revenue CAGR
FSS
FSS
Annualised
FSS
18.5%
-6.7%
KOP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSS
FSS
KOP
KOP
Revenue
$597.1M
$432.7M
Net Profit
$60.8M
$29.7M
Gross Margin
28.4%
25.6%
Operating Margin
14.0%
11.5%
Net Margin
10.2%
6.9%
Revenue YoY
26.5%
-9.3%
Net Profit YoY
21.6%
391.2%
EPS (diluted)
$0.99
$1.44

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
KOP
KOP
Q4 25
$597.1M
$432.7M
Q3 25
$555.0M
$485.3M
Q2 25
$564.6M
$504.8M
Q1 25
$463.8M
$456.5M
Q4 24
$472.0M
$477.0M
Q3 24
$474.2M
$554.3M
Q2 24
$490.4M
$563.2M
Q1 24
$424.9M
$497.6M
Net Profit
FSS
FSS
KOP
KOP
Q4 25
$60.8M
$29.7M
Q3 25
$68.1M
$23.8M
Q2 25
$71.4M
$16.4M
Q1 25
$46.3M
$-13.9M
Q4 24
$50.0M
$-10.2M
Q3 24
$53.9M
$22.8M
Q2 24
$60.8M
$26.8M
Q1 24
$51.6M
$13.0M
Gross Margin
FSS
FSS
KOP
KOP
Q4 25
28.4%
25.6%
Q3 25
29.1%
24.1%
Q2 25
30.0%
22.6%
Q1 25
28.2%
23.2%
Q4 24
28.1%
17.5%
Q3 24
29.6%
21.9%
Q2 24
29.4%
21.6%
Q1 24
27.3%
19.3%
Operating Margin
FSS
FSS
KOP
KOP
Q4 25
14.0%
11.5%
Q3 25
16.9%
10.7%
Q2 25
17.3%
7.7%
Q1 25
14.2%
5.9%
Q4 24
14.9%
1.3%
Q3 24
16.0%
9.0%
Q2 24
16.5%
10.2%
Q1 24
12.8%
7.0%
Net Margin
FSS
FSS
KOP
KOP
Q4 25
10.2%
6.9%
Q3 25
12.3%
4.9%
Q2 25
12.6%
3.2%
Q1 25
10.0%
-3.0%
Q4 24
10.6%
-2.1%
Q3 24
11.4%
4.1%
Q2 24
12.4%
4.8%
Q1 24
12.1%
2.6%
EPS (diluted)
FSS
FSS
KOP
KOP
Q4 25
$0.99
$1.44
Q3 25
$1.11
$1.17
Q2 25
$1.16
$0.81
Q1 25
$0.75
$-0.68
Q4 24
$0.80
$-0.47
Q3 24
$0.87
$1.09
Q2 24
$0.99
$1.25
Q1 24
$0.84
$0.59

Balance Sheet & Financial Strength

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

Metric
FSS
FSS
KOP
KOP
Cash + ST InvestmentsLiquidity on hand
$63.7M
Total DebtLower is stronger
$564.6M
$928.3M
Stockholders' EquityBook value
$1.4B
$574.0M
Total Assets
$2.4B
$1.9B
Debt / EquityLower = less leverage
0.41×
1.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSS
FSS
KOP
KOP
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 24
$48.9M
Total Debt
FSS
FSS
KOP
KOP
Q4 25
$564.6M
$928.3M
Q3 25
$201.2M
$932.9M
Q2 25
$258.3M
$977.5M
Q1 25
$266.9M
$989.0M
Q4 24
$204.4M
$939.5M
Q3 24
$223.3M
$989.4M
Q2 24
$248.8M
$1.0B
Q1 24
$266.8M
$877.6M
Stockholders' Equity
FSS
FSS
KOP
KOP
Q4 25
$1.4B
$574.0M
Q3 25
$1.3B
$545.6M
Q2 25
$1.3B
$526.8M
Q1 25
$1.2B
$498.0M
Q4 24
$1.2B
$488.7M
Q3 24
$1.1B
$532.3M
Q2 24
$1.1B
$509.2M
Q1 24
$1.0B
$505.8M
Total Assets
FSS
FSS
KOP
KOP
Q4 25
$2.4B
$1.9B
Q3 25
$1.9B
$1.9B
Q2 25
$1.9B
$1.9B
Q1 25
$1.9B
$1.9B
Q4 24
$1.8B
$1.9B
Q3 24
$1.7B
$2.0B
Q2 24
$1.7B
$1.9B
Q1 24
$1.7B
$1.8B
Debt / Equity
FSS
FSS
KOP
KOP
Q4 25
0.41×
1.62×
Q3 25
0.15×
1.71×
Q2 25
0.20×
1.86×
Q1 25
0.22×
1.99×
Q4 24
0.17×
1.92×
Q3 24
0.19×
1.86×
Q2 24
0.23×
1.97×
Q1 24
0.26×
1.74×

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
KOP
KOP
Operating Cash FlowLast quarter
$97.2M
$45.1M
Free Cash FlowOCF − Capex
$89.5M
$28.5M
FCF MarginFCF / Revenue
15.0%
6.6%
Capex IntensityCapex / Revenue
1.3%
3.8%
Cash ConversionOCF / Net Profit
1.60×
1.52×
TTM Free Cash FlowTrailing 4 quarters
$227.1M
$67.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSS
FSS
KOP
KOP
Q4 25
$97.2M
$45.1M
Q3 25
$61.1M
$49.6M
Q2 25
$59.7M
$50.5M
Q1 25
$36.7M
$-22.7M
Q4 24
$90.6M
$74.7M
Q3 24
$68.8M
$29.8M
Q2 24
$40.6M
$27.2M
Q1 24
$31.3M
$-12.3M
Free Cash Flow
FSS
FSS
KOP
KOP
Q4 25
$89.5M
$28.5M
Q3 25
$54.1M
$37.6M
Q2 25
$52.4M
$38.4M
Q1 25
$31.1M
$-37.0M
Q4 24
$82.1M
$56.1M
Q3 24
$60.9M
$14.4M
Q2 24
$24.8M
$10.1M
Q1 24
$22.9M
$-38.6M
FCF Margin
FSS
FSS
KOP
KOP
Q4 25
15.0%
6.6%
Q3 25
9.7%
7.7%
Q2 25
9.3%
7.6%
Q1 25
6.7%
-8.1%
Q4 24
17.4%
11.8%
Q3 24
12.8%
2.6%
Q2 24
5.1%
1.8%
Q1 24
5.4%
-7.8%
Capex Intensity
FSS
FSS
KOP
KOP
Q4 25
1.3%
3.8%
Q3 25
1.3%
2.5%
Q2 25
1.3%
2.4%
Q1 25
1.2%
3.1%
Q4 24
1.8%
3.9%
Q3 24
1.7%
2.8%
Q2 24
3.2%
3.0%
Q1 24
2.0%
5.3%
Cash Conversion
FSS
FSS
KOP
KOP
Q4 25
1.60×
1.52×
Q3 25
0.90×
2.08×
Q2 25
0.84×
3.08×
Q1 25
0.79×
Q4 24
1.81×
Q3 24
1.28×
1.31×
Q2 24
0.67×
1.01×
Q1 24
0.61×
-0.95×

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%

KOP
KOP

Other$127.8M30%
Railroad Treated Products$119.0M28%
Utility Poles$79.8M18%
Pitch And Related Products$74.1M17%
Carbon Black Feedstock And Distillates$14.4M3%
Railroad Infrastructure Products And Services$9.9M2%
Phthalic Anhydride Naphthalene And Other Chemicals$7.7M2%

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