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

Primerica, Inc. is the larger business by last-quarter revenue ($853.7M vs $597.1M, roughly 1.4× FEDERAL SIGNAL CORP). Primerica, Inc. runs the higher net margin — 23.1% vs 10.2%, a 12.9% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 11.0%). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 7.2%).

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

Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.

FSS vs PRI — Head-to-Head

Bigger by revenue
PRI
PRI
1.4× larger
PRI
$853.7M
$597.1M
FSS
Growing faster (revenue YoY)
FSS
FSS
+15.5% gap
FSS
26.5%
11.0%
PRI
Higher net margin
PRI
PRI
12.9% more per $
PRI
23.1%
10.2%
FSS
Faster 2-yr revenue CAGR
FSS
FSS
Annualised
FSS
18.5%
7.2%
PRI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSS
FSS
PRI
PRI
Revenue
$597.1M
$853.7M
Net Profit
$60.8M
$197.0M
Gross Margin
28.4%
Operating Margin
14.0%
28.9%
Net Margin
10.2%
23.1%
Revenue YoY
26.5%
11.0%
Net Profit YoY
21.6%
17.9%
EPS (diluted)
$0.99
$6.11

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
PRI
PRI
Q4 25
$597.1M
$853.7M
Q3 25
$555.0M
$839.9M
Q2 25
$564.6M
$793.3M
Q1 25
$463.8M
$804.8M
Q4 24
$472.0M
$768.8M
Q3 24
$474.2M
$774.1M
Q2 24
$490.4M
$803.4M
Q1 24
$424.9M
$742.8M
Net Profit
FSS
FSS
PRI
PRI
Q4 25
$60.8M
$197.0M
Q3 25
$68.1M
$206.8M
Q2 25
$71.4M
$178.3M
Q1 25
$46.3M
$169.1M
Q4 24
$50.0M
$167.1M
Q3 24
$53.9M
$164.4M
Q2 24
$60.8M
$1.2M
Q1 24
$51.6M
$137.9M
Gross Margin
FSS
FSS
PRI
PRI
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%
98.0%
Q1 24
27.3%
98.2%
Operating Margin
FSS
FSS
PRI
PRI
Q4 25
14.0%
28.9%
Q3 25
16.9%
32.3%
Q2 25
17.3%
29.6%
Q1 25
14.2%
27.5%
Q4 24
14.9%
64.7%
Q3 24
16.0%
32.9%
Q2 24
16.5%
1.0%
Q1 24
12.8%
24.1%
Net Margin
FSS
FSS
PRI
PRI
Q4 25
10.2%
23.1%
Q3 25
12.3%
24.6%
Q2 25
12.6%
22.5%
Q1 25
10.0%
21.0%
Q4 24
10.6%
21.7%
Q3 24
11.4%
21.2%
Q2 24
12.4%
0.1%
Q1 24
12.1%
18.6%
EPS (diluted)
FSS
FSS
PRI
PRI
Q4 25
$0.99
$6.11
Q3 25
$1.11
$6.35
Q2 25
$1.16
$5.40
Q1 25
$0.75
$5.05
Q4 24
$0.80
$4.92
Q3 24
$0.87
$4.83
Q2 24
$0.99
$0.03
Q1 24
$0.84
$3.93

Balance Sheet & Financial Strength

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

Metric
FSS
FSS
PRI
PRI
Cash + ST InvestmentsLiquidity on hand
$63.7M
$756.2M
Total DebtLower is stronger
$564.6M
Stockholders' EquityBook value
$1.4B
$2.4B
Total Assets
$2.4B
$15.0B
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSS
FSS
PRI
PRI
Q4 25
$63.7M
$756.2M
Q3 25
$54.4M
$644.9M
Q2 25
$64.7M
$621.2M
Q1 25
$57.5M
$625.1M
Q4 24
$91.1M
$687.8M
Q3 24
$73.7M
$550.1M
Q2 24
$48.6M
$627.3M
Q1 24
$48.9M
$593.4M
Total Debt
FSS
FSS
PRI
PRI
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
Stockholders' Equity
FSS
FSS
PRI
PRI
Q4 25
$1.4B
$2.4B
Q3 25
$1.3B
$2.3B
Q2 25
$1.3B
$2.3B
Q1 25
$1.2B
$2.3B
Q4 24
$1.2B
$2.3B
Q3 24
$1.1B
$1.9B
Q2 24
$1.1B
$2.1B
Q1 24
$1.0B
$2.2B
Total Assets
FSS
FSS
PRI
PRI
Q4 25
$2.4B
$15.0B
Q3 25
$1.9B
$14.8B
Q2 25
$1.9B
$14.8B
Q1 25
$1.9B
$14.6B
Q4 24
$1.8B
$14.6B
Q3 24
$1.7B
$14.8B
Q2 24
$1.7B
$14.6B
Q1 24
$1.7B
$14.9B
Debt / Equity
FSS
FSS
PRI
PRI
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
FSS
FSS
PRI
PRI
Operating Cash FlowLast quarter
$97.2M
$338.2M
Free Cash FlowOCF − Capex
$89.5M
FCF MarginFCF / Revenue
15.0%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
1.60×
1.72×
TTM Free Cash FlowTrailing 4 quarters
$227.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSS
FSS
PRI
PRI
Q4 25
$97.2M
$338.2M
Q3 25
$61.1M
$202.9M
Q2 25
$59.7M
$162.6M
Q1 25
$36.7M
$197.5M
Q4 24
$90.6M
$270.6M
Q3 24
$68.8M
$207.3M
Q2 24
$40.6M
$173.3M
Q1 24
$31.3M
$210.9M
Free Cash Flow
FSS
FSS
PRI
PRI
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
FCF Margin
FSS
FSS
PRI
PRI
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%
Capex Intensity
FSS
FSS
PRI
PRI
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%
Cash Conversion
FSS
FSS
PRI
PRI
Q4 25
1.60×
1.72×
Q3 25
0.90×
0.98×
Q2 25
0.84×
0.91×
Q1 25
0.79×
1.17×
Q4 24
1.81×
1.62×
Q3 24
1.28×
1.26×
Q2 24
0.67×
147.98×
Q1 24
0.61×
1.53×

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%

PRI
PRI

Revenues From Sources Other Than Contracts With Customers$445.9M52%
Investment And Savings Products Segment Revenues$340.3M40%
Other$56.5M7%
Segment Revenues From Contracts With Customers$11.0M1%

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