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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $597.1M, roughly 1.7× FEDERAL SIGNAL CORP). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs 2.2%, a 8.0% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 4.5%). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs -6.2%).
The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
FSS vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $597.1M | $1.0B |
| Net Profit | $60.8M | $22.6M |
| Gross Margin | 28.4% | — |
| Operating Margin | 14.0% | 2.2% |
| Net Margin | 10.2% | 2.2% |
| Revenue YoY | 26.5% | 4.5% |
| Net Profit YoY | 21.6% | 64.8% |
| EPS (diluted) | $0.99 | $0.14 |
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 | — | $1.0B | ||
| Q4 25 | $597.1M | $1.0B | ||
| Q3 25 | $555.0M | $947.4M | ||
| Q2 25 | $564.6M | $1.0B | ||
| Q1 25 | $463.8M | $977.5M | ||
| Q4 24 | $472.0M | $943.6M | ||
| Q3 24 | $474.2M | $1.1B | ||
| Q2 24 | $490.4M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $60.8M | $13.7M | ||
| Q3 25 | $68.1M | $43.1M | ||
| Q2 25 | $71.4M | $71.0M | ||
| Q1 25 | $46.3M | $20.1M | ||
| Q4 24 | $50.0M | $51.9M | ||
| Q3 24 | $53.9M | $73.8M | ||
| Q2 24 | $60.8M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 28.4% | 20.6% | ||
| Q3 25 | 29.1% | 18.7% | ||
| Q2 25 | 30.0% | 22.1% | ||
| Q1 25 | 28.2% | 22.1% | ||
| Q4 24 | 28.1% | 21.4% | ||
| Q3 24 | 29.6% | 26.2% | ||
| Q2 24 | 29.4% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 14.0% | 1.9% | ||
| Q3 25 | 16.9% | -0.3% | ||
| Q2 25 | 17.3% | 3.6% | ||
| Q1 25 | 14.2% | 1.9% | ||
| Q4 24 | 14.9% | 2.6% | ||
| Q3 24 | 16.0% | 9.4% | ||
| Q2 24 | 16.5% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 10.2% | 1.3% | ||
| Q3 25 | 12.3% | 4.5% | ||
| Q2 25 | 12.6% | 6.8% | ||
| Q1 25 | 10.0% | 2.1% | ||
| Q4 24 | 10.6% | 5.5% | ||
| Q3 24 | 11.4% | 6.5% | ||
| Q2 24 | 12.4% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.99 | $0.08 | ||
| Q3 25 | $1.11 | $0.26 | ||
| Q2 25 | $1.16 | $0.43 | ||
| Q1 25 | $0.75 | $0.12 | ||
| Q4 24 | $0.80 | $0.31 | ||
| Q3 24 | $0.87 | $0.44 | ||
| Q2 24 | $0.99 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | $564.6M | $7.1M |
| Stockholders' EquityBook value | $1.4B | $1.9B |
| Total Assets | $2.4B | $4.4B |
| Debt / EquityLower = less leverage | 0.41× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $63.7M | $27.6M | ||
| Q3 25 | $54.4M | $13.5M | ||
| Q2 25 | $64.7M | $19.6M | ||
| Q1 25 | $57.5M | $24.1M | ||
| Q4 24 | $91.1M | $20.0M | ||
| Q3 24 | $73.7M | $23.0M | ||
| Q2 24 | $48.6M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $564.6M | $246.6M | ||
| Q3 25 | $201.2M | — | ||
| Q2 25 | $258.3M | — | ||
| Q1 25 | $266.9M | — | ||
| Q4 24 | $204.4M | $190.5M | ||
| Q3 24 | $223.3M | — | ||
| Q2 24 | $248.8M | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.3B | $2.1B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.2B | $2.0B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.1B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.4B | $3.6B | ||
| Q3 25 | $1.9B | $3.5B | ||
| Q2 25 | $1.9B | $3.4B | ||
| Q1 25 | $1.9B | $3.4B | ||
| Q4 24 | $1.8B | $3.3B | ||
| Q3 24 | $1.7B | $3.3B | ||
| Q2 24 | $1.7B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.41× | 0.12× | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.17× | 0.10× | ||
| 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% | 13.1% |
| 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 | $195.4M | ||
| Q3 25 | $61.1M | $51.5M | ||
| Q2 25 | $59.7M | $170.6M | ||
| Q1 25 | $36.7M | $192.1M | ||
| Q4 24 | $90.6M | $177.3M | ||
| Q3 24 | $68.8M | $244.5M | ||
| Q2 24 | $40.6M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $89.5M | $-10.0M | ||
| Q3 25 | $54.1M | $-67.2M | ||
| Q2 25 | $52.4M | $33.1M | ||
| Q1 25 | $31.1M | $58.2M | ||
| Q4 24 | $82.1M | $-26.2M | ||
| Q3 24 | $60.9M | $77.9M | ||
| Q2 24 | $24.8M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | -1.0% | ||
| Q3 25 | 9.7% | -7.1% | ||
| Q2 25 | 9.3% | 3.2% | ||
| Q1 25 | 6.7% | 6.0% | ||
| Q4 24 | 17.4% | -2.8% | ||
| Q3 24 | 12.8% | 6.8% | ||
| Q2 24 | 5.1% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 1.3% | 19.8% | ||
| Q3 25 | 1.3% | 12.5% | ||
| Q2 25 | 1.3% | 13.2% | ||
| Q1 25 | 1.2% | 13.7% | ||
| Q4 24 | 1.8% | 21.6% | ||
| Q3 24 | 1.7% | 14.6% | ||
| Q2 24 | 3.2% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | 14.28× | ||
| Q3 25 | 0.90× | 1.20× | ||
| Q2 25 | 0.84× | 2.40× | ||
| Q1 25 | 0.79× | 9.55× | ||
| Q4 24 | 1.81× | 3.42× | ||
| Q3 24 | 1.28× | 3.31× | ||
| Q2 24 | 0.67× | 2.29× |
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% |
LBRT
Segment breakdown not available.
