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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.

FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $326.2M, roughly 1.8× New Fortress Energy Inc.). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs -259.7%, a 269.8% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs -7.0%). FEDERAL SIGNAL CORP produced more free cash flow last quarter ($89.5M vs $-134.8M). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs -26.8%).

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

New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.

FSS vs NFE — Head-to-Head

Bigger by revenue
FSS
FSS
1.8× larger
FSS
$597.1M
$326.2M
NFE
Growing faster (revenue YoY)
FSS
FSS
+33.5% gap
FSS
26.5%
-7.0%
NFE
Higher net margin
FSS
FSS
269.8% more per $
FSS
10.2%
-259.7%
NFE
More free cash flow
FSS
FSS
$224.3M more FCF
FSS
$89.5M
$-134.8M
NFE
Faster 2-yr revenue CAGR
FSS
FSS
Annualised
FSS
18.5%
-26.8%
NFE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSS
FSS
NFE
NFE
Revenue
$597.1M
$326.2M
Net Profit
$60.8M
$-847.1M
Gross Margin
28.4%
35.5%
Operating Margin
14.0%
-193.0%
Net Margin
10.2%
-259.7%
Revenue YoY
26.5%
-7.0%
Net Profit YoY
21.6%
-277.4%
EPS (diluted)
$0.99
$-3.03

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
NFE
NFE
Q4 25
$597.1M
$326.2M
Q3 25
$555.0M
$240.3M
Q2 25
$564.6M
$228.1M
Q1 25
$463.8M
$384.9M
Q4 24
$472.0M
$350.7M
Q3 24
$474.2M
$446.0M
Q2 24
$490.4M
$291.2M
Q1 24
$424.9M
$609.5M
Net Profit
FSS
FSS
NFE
NFE
Q4 25
$60.8M
$-847.1M
Q3 25
$68.1M
$-263.0M
Q2 25
$71.4M
$-546.5M
Q1 25
$46.3M
$-175.4M
Q4 24
$50.0M
$-224.4M
Q3 24
$53.9M
$9.3M
Q2 24
$60.8M
$-88.9M
Q1 24
$51.6M
$54.1M
Gross Margin
FSS
FSS
NFE
NFE
Q4 25
28.4%
35.5%
Q3 25
29.1%
18.1%
Q2 25
30.0%
8.4%
Q1 25
28.2%
21.4%
Q4 24
28.1%
17.6%
Q3 24
29.6%
27.1%
Q2 24
29.4%
23.8%
Q1 24
27.3%
62.4%
Operating Margin
FSS
FSS
NFE
NFE
Q4 25
14.0%
-193.0%
Q3 25
16.9%
-37.4%
Q2 25
17.3%
-170.3%
Q1 25
14.2%
-3.3%
Q4 24
14.9%
65.0%
Q3 24
16.0%
17.8%
Q2 24
16.5%
12.3%
Q1 24
12.8%
30.4%
Net Margin
FSS
FSS
NFE
NFE
Q4 25
10.2%
-259.7%
Q3 25
12.3%
-109.4%
Q2 25
12.6%
-239.6%
Q1 25
10.0%
-45.6%
Q4 24
10.6%
-64.0%
Q3 24
11.4%
2.1%
Q2 24
12.4%
-30.5%
Q1 24
12.1%
8.9%
EPS (diluted)
FSS
FSS
NFE
NFE
Q4 25
$0.99
$-3.03
Q3 25
$1.11
$-0.96
Q2 25
$1.16
$-1.99
Q1 25
$0.75
$-0.65
Q4 24
$0.80
$-1.10
Q3 24
$0.87
$0.03
Q2 24
$0.99
$-0.42
Q1 24
$0.84
$0.23

Balance Sheet & Financial Strength

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

Metric
FSS
FSS
NFE
NFE
Cash + ST InvestmentsLiquidity on hand
$63.7M
$226.5M
Total DebtLower is stronger
$564.6M
$8.2B
Stockholders' EquityBook value
$1.4B
$182.6M
Total Assets
$2.4B
$10.6B
Debt / EquityLower = less leverage
0.41×
44.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSS
FSS
NFE
NFE
Q4 25
$63.7M
$226.5M
Q3 25
$54.4M
$145.2M
Q2 25
$64.7M
$551.1M
Q1 25
$57.5M
$447.9M
Q4 24
$91.1M
$492.9M
Q3 24
$73.7M
$90.8M
Q2 24
$48.6M
$133.0M
Q1 24
$48.9M
$143.5M
Total Debt
FSS
FSS
NFE
NFE
Q4 25
$564.6M
$8.2B
Q3 25
$201.2M
Q2 25
$258.3M
Q1 25
$266.9M
Q4 24
$204.4M
$8.9B
Q3 24
$223.3M
Q2 24
$248.8M
Q1 24
$266.8M
Stockholders' Equity
FSS
FSS
NFE
NFE
Q4 25
$1.4B
$182.6M
Q3 25
$1.3B
$1.1B
Q2 25
$1.3B
$1.3B
Q1 25
$1.2B
$1.8B
Q4 24
$1.2B
$1.9B
Q3 24
$1.1B
$1.6B
Q2 24
$1.1B
$1.6B
Q1 24
$1.0B
$1.7B
Total Assets
FSS
FSS
NFE
NFE
Q4 25
$2.4B
$10.6B
Q3 25
$1.9B
$12.0B
Q2 25
$1.9B
$12.0B
Q1 25
$1.9B
$13.1B
Q4 24
$1.8B
$12.9B
Q3 24
$1.7B
$12.0B
Q2 24
$1.7B
$11.4B
Q1 24
$1.7B
$10.9B
Debt / Equity
FSS
FSS
NFE
NFE
Q4 25
0.41×
44.78×
Q3 25
0.15×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.17×
4.74×
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
NFE
NFE
Operating Cash FlowLast quarter
$97.2M
$-76.2M
Free Cash FlowOCF − Capex
$89.5M
$-134.8M
FCF MarginFCF / Revenue
15.0%
-41.3%
Capex IntensityCapex / Revenue
1.3%
18.0%
Cash ConversionOCF / Net Profit
1.60×
TTM Free Cash FlowTrailing 4 quarters
$227.1M
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSS
FSS
NFE
NFE
Q4 25
$97.2M
$-76.2M
Q3 25
$61.1M
$-171.0M
Q2 25
$59.7M
$-329.0M
Q1 25
$36.7M
$-7.2M
Q4 24
$90.6M
$445.3M
Q3 24
$68.8M
$-20.0M
Q2 24
$40.6M
$113.9M
Q1 24
$31.3M
$63.0M
Free Cash Flow
FSS
FSS
NFE
NFE
Q4 25
$89.5M
$-134.8M
Q3 25
$54.1M
$-231.6M
Q2 25
$52.4M
$-726.7M
Q1 25
$31.1M
$-262.3M
Q4 24
$82.1M
$-210.3M
Q3 24
$60.9M
$-367.0M
Q2 24
$24.8M
$-493.2M
Q1 24
$22.9M
$-457.9M
FCF Margin
FSS
FSS
NFE
NFE
Q4 25
15.0%
-41.3%
Q3 25
9.7%
-96.4%
Q2 25
9.3%
-318.6%
Q1 25
6.7%
-68.2%
Q4 24
17.4%
-60.0%
Q3 24
12.8%
-82.3%
Q2 24
5.1%
-169.3%
Q1 24
5.4%
-75.1%
Capex Intensity
FSS
FSS
NFE
NFE
Q4 25
1.3%
18.0%
Q3 25
1.3%
25.2%
Q2 25
1.3%
174.4%
Q1 25
1.2%
66.3%
Q4 24
1.8%
187.0%
Q3 24
1.7%
77.8%
Q2 24
3.2%
208.4%
Q1 24
2.0%
85.5%
Cash Conversion
FSS
FSS
NFE
NFE
Q4 25
1.60×
Q3 25
0.90×
Q2 25
0.84×
Q1 25
0.79×
Q4 24
1.81×
Q3 24
1.28×
-2.15×
Q2 24
0.67×
Q1 24
0.61×
1.16×

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%

NFE
NFE

Segment breakdown not available.

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