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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $553.7M, roughly 1.1× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 26.5%). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 0.7%).
The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
FSS vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $597.1M | $553.7M |
| Net Profit | $60.8M | — |
| Gross Margin | 28.4% | — |
| Operating Margin | 14.0% | — |
| Net Margin | 10.2% | — |
| Revenue YoY | 26.5% | 438.7% |
| Net Profit YoY | 21.6% | — |
| EPS (diluted) | $0.99 | $4.34 |
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 | — | $553.7M | ||
| Q4 25 | $597.1M | $555.6M | ||
| Q3 25 | $555.0M | $554.4M | ||
| Q2 25 | $564.6M | $549.9M | ||
| Q1 25 | $463.8M | $549.3M | ||
| Q4 24 | $472.0M | $549.8M | ||
| Q3 24 | $474.2M | $551.1M | ||
| Q2 24 | $490.4M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $60.8M | $57.6M | ||
| Q3 25 | $68.1M | $99.5M | ||
| Q2 25 | $71.4M | $108.1M | ||
| Q1 25 | $46.3M | $181.7M | ||
| Q4 24 | $50.0M | $166.6M | ||
| Q3 24 | $53.9M | $115.2M | ||
| Q2 24 | $60.8M | $102.0M |
| 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% | 10.4% | ||
| Q3 25 | 16.9% | 18.7% | ||
| Q2 25 | 17.3% | 20.2% | ||
| Q1 25 | 14.2% | 34.0% | ||
| Q4 24 | 14.9% | 31.3% | ||
| Q3 24 | 16.0% | 21.5% | ||
| Q2 24 | 16.5% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 10.4% | ||
| Q3 25 | 12.3% | 18.0% | ||
| Q2 25 | 12.6% | 19.7% | ||
| Q1 25 | 10.0% | 33.1% | ||
| Q4 24 | 10.6% | 30.3% | ||
| Q3 24 | 11.4% | 20.9% | ||
| Q2 24 | 12.4% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | $0.99 | $0.48 | ||
| Q3 25 | $1.11 | $0.84 | ||
| Q2 25 | $1.16 | $0.92 | ||
| Q1 25 | $0.75 | $1.54 | ||
| Q4 24 | $0.80 | $1.43 | ||
| Q3 24 | $0.87 | $0.98 | ||
| Q2 24 | $0.99 | $0.86 |
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 | — |
| Stockholders' EquityBook value | $1.4B | — |
| Total Assets | $2.4B | — |
| Debt / EquityLower = less leverage | 0.41× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $60.3M | ||
| Q3 25 | $54.4M | $32.2M | ||
| Q2 25 | $64.7M | $54.5M | ||
| Q1 25 | $57.5M | $55.8M | ||
| Q4 24 | $91.1M | $43.0M | ||
| Q3 24 | $73.7M | $50.2M | ||
| Q2 24 | $48.6M | $62.8M |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| Q4 25 | $1.4B | $5.7B | ||
| Q3 25 | $1.3B | $5.8B | ||
| Q2 25 | $1.3B | $5.9B | ||
| Q1 25 | $1.2B | $5.9B | ||
| Q4 24 | $1.2B | $5.9B | ||
| Q3 24 | $1.1B | $5.9B | ||
| Q2 24 | $1.1B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $12.0B | ||
| Q3 25 | $1.9B | $11.9B | ||
| Q2 25 | $1.9B | $11.8B | ||
| Q1 25 | $1.9B | $11.8B | ||
| Q4 24 | $1.8B | $11.8B | ||
| Q3 24 | $1.7B | $11.8B | ||
| Q2 24 | $1.7B | $11.6B |
| Q1 26 | — | — | ||
| 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 | $261.7M | ||
| Q3 25 | $61.1M | $266.4M | ||
| Q2 25 | $59.7M | $353.4M | ||
| Q1 25 | $36.7M | $196.6M | ||
| Q4 24 | $90.6M | $239.1M | ||
| Q3 24 | $68.8M | $309.5M | ||
| Q2 24 | $40.6M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | $89.5M | $158.6M | ||
| Q3 25 | $54.1M | $170.8M | ||
| Q2 25 | $52.4M | $264.5M | ||
| Q1 25 | $31.1M | $124.0M | ||
| Q4 24 | $82.1M | $152.6M | ||
| Q3 24 | $60.9M | $215.5M | ||
| Q2 24 | $24.8M | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | 28.5% | ||
| Q3 25 | 9.7% | 30.8% | ||
| Q2 25 | 9.3% | 48.1% | ||
| Q1 25 | 6.7% | 22.6% | ||
| Q4 24 | 17.4% | 27.8% | ||
| Q3 24 | 12.8% | 39.1% | ||
| Q2 24 | 5.1% | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 18.6% | ||
| Q3 25 | 1.3% | 17.2% | ||
| Q2 25 | 1.3% | 16.2% | ||
| Q1 25 | 1.2% | 13.2% | ||
| Q4 24 | 1.8% | 15.7% | ||
| Q3 24 | 1.7% | 17.1% | ||
| Q2 24 | 3.2% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | 4.55× | ||
| Q3 25 | 0.90× | 2.68× | ||
| Q2 25 | 0.84× | 3.27× | ||
| Q1 25 | 0.79× | 1.08× | ||
| Q4 24 | 1.81× | 1.43× | ||
| Q3 24 | 1.28× | 2.69× | ||
| Q2 24 | 0.67× | 3.43× |
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% |
MAA
| Same Store Communities | $517.0M | 93% |
| Non-Same Store Communities | $22.1M | 4% |
| Lease-up/Development Communities | $7.7M | 1% |
| Commercial Property/Land | $7.0M | 1% |
