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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and North American Construction Group Ltd. (NOA). Click either name above to swap in a different company.
North American Construction Group Ltd. is the larger business by last-quarter revenue ($860.2M vs $597.1M, roughly 1.4× FEDERAL SIGNAL CORP). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs 4.7%, a 5.5% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs 18.5%).
The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.
Shanghai Construction (Group) Corporation (SCG) is a Chinese construction and engineering company, ranked as the 16th largest construction company in the world based on 2011 revenues.
FSS vs NOA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $597.1M | $860.2M |
| Net Profit | $60.8M | $40.5M |
| Gross Margin | 28.4% | 19.7% |
| Operating Margin | 14.0% | 15.4% |
| Net Margin | 10.2% | 4.7% |
| Revenue YoY | 26.5% | — |
| Net Profit YoY | 21.6% | — |
| EPS (diluted) | $0.99 | — |
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.
| Q4 25 | $597.1M | — | ||
| Q3 25 | $555.0M | $860.2M | ||
| Q2 25 | $564.6M | $573.3M | ||
| Q1 25 | $463.8M | $297.0M | ||
| Q4 24 | $472.0M | — | ||
| Q3 24 | $474.2M | $636.4M | ||
| Q2 24 | $490.4M | $439.5M | ||
| Q1 24 | $424.9M | $244.3M |
| Q4 25 | $60.8M | — | ||
| Q3 25 | $68.1M | $40.5M | ||
| Q2 25 | $71.4M | $26.0M | ||
| Q1 25 | $46.3M | $11.5M | ||
| Q4 24 | $50.0M | — | ||
| Q3 24 | $53.9M | $45.5M | ||
| Q2 24 | $60.8M | $34.1M | ||
| Q1 24 | $51.6M | $21.8M |
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.1% | 19.7% | ||
| Q2 25 | 30.0% | 18.1% | ||
| Q1 25 | 28.2% | 18.0% | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 29.6% | 14.0% | ||
| Q2 24 | 29.4% | 14.3% | ||
| Q1 24 | 27.3% | 16.8% |
| Q4 25 | 14.0% | — | ||
| Q3 25 | 16.9% | 15.4% | ||
| Q2 25 | 17.3% | 13.6% | ||
| Q1 25 | 14.2% | 13.0% | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 16.0% | 7.9% | ||
| Q2 24 | 16.5% | 8.2% | ||
| Q1 24 | 12.8% | 10.5% |
| Q4 25 | 10.2% | — | ||
| Q3 25 | 12.3% | 4.7% | ||
| Q2 25 | 12.6% | 4.5% | ||
| Q1 25 | 10.0% | 3.9% | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 11.4% | 7.1% | ||
| Q2 24 | 12.4% | 7.8% | ||
| Q1 24 | 12.1% | 8.9% |
| Q4 25 | $0.99 | — | ||
| Q3 25 | $1.11 | — | ||
| Q2 25 | $1.16 | — | ||
| Q1 25 | $0.75 | — | ||
| Q4 24 | $0.80 | — | ||
| Q3 24 | $0.87 | — | ||
| Q2 24 | $0.99 | — | ||
| Q1 24 | $0.84 | — |
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 | $1.7B |
| Debt / EquityLower = less leverage | 0.41× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| 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 24 | $266.8M | — |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $2.4B | — | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.7B | $1.5B | ||
| Q1 24 | $1.7B | $1.5B |
| 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× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $97.2M | $140.7M |
| Free Cash FlowOCF − Capex | $89.5M | — |
| FCF MarginFCF / Revenue | 15.0% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 1.60× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | $227.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $97.2M | — | ||
| Q3 25 | $61.1M | $140.7M | ||
| Q2 25 | $59.7M | $85.4M | ||
| Q1 25 | $36.7M | $19.0M | ||
| Q4 24 | $90.6M | — | ||
| Q3 24 | $68.8M | $109.5M | ||
| Q2 24 | $40.6M | $72.0M | ||
| Q1 24 | $31.3M | $31.8M |
| Q4 25 | $89.5M | — | ||
| Q3 25 | $54.1M | — | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $31.1M | — | ||
| Q4 24 | $82.1M | — | ||
| Q3 24 | $60.9M | — | ||
| Q2 24 | $24.8M | — | ||
| Q1 24 | $22.9M | — |
| Q4 25 | 15.0% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 5.4% | — |
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 2.0% | — |
| Q4 25 | 1.60× | — | ||
| Q3 25 | 0.90× | 3.47× | ||
| Q2 25 | 0.84× | 3.28× | ||
| Q1 25 | 0.79× | 1.65× | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.28× | 2.41× | ||
| Q2 24 | 0.67× | 2.11× | ||
| Q1 24 | 0.61× | 1.46× |
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% |
NOA
Segment breakdown not available.
