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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and RLJ Lodging Trust (RLJ). Click either name above to swap in a different company.

FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $328.6M, roughly 1.8× RLJ Lodging Trust). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs 0.1%, a 10.1% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs -0.4%). RLJ Lodging Trust produced more free cash flow last quarter ($117.4M vs $89.5M). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 0.6%).

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

The RLJ Companies is an American asset management firm owned by entrepreneur Robert Louis Johnson. After selling Black Entertainment Television in 2001, Johnson's first company, he created RLJ Companies in Bethesda, Maryland. The company's network includes hotel real estate investment, private equity, financial services, asset management, insurance services, car dealerships, sports and entertainment, and video lottery terminal (VLT) gaming. The company is headquartered in Bethesda and has add...

FSS vs RLJ — Head-to-Head

Bigger by revenue
FSS
FSS
1.8× larger
FSS
$597.1M
$328.6M
RLJ
Growing faster (revenue YoY)
FSS
FSS
+26.9% gap
FSS
26.5%
-0.4%
RLJ
Higher net margin
FSS
FSS
10.1% more per $
FSS
10.2%
0.1%
RLJ
More free cash flow
RLJ
RLJ
$27.9M more FCF
RLJ
$117.4M
$89.5M
FSS
Faster 2-yr revenue CAGR
FSS
FSS
Annualised
FSS
18.5%
0.6%
RLJ

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSS
FSS
RLJ
RLJ
Revenue
$597.1M
$328.6M
Net Profit
$60.8M
$430.0K
Gross Margin
28.4%
Operating Margin
14.0%
0.2%
Net Margin
10.2%
0.1%
Revenue YoY
26.5%
-0.4%
Net Profit YoY
21.6%
-92.0%
EPS (diluted)
$0.99
$-0.05

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
RLJ
RLJ
Q4 25
$597.1M
$328.6M
Q3 25
$555.0M
$330.0M
Q2 25
$564.6M
$363.1M
Q1 25
$463.8M
$328.1M
Q4 24
$472.0M
$330.0M
Q3 24
$474.2M
$345.7M
Q2 24
$490.4M
$369.3M
Q1 24
$424.9M
$324.4M
Net Profit
FSS
FSS
RLJ
RLJ
Q4 25
$60.8M
$430.0K
Q3 25
$68.1M
$-3.7M
Q2 25
$71.4M
$28.5M
Q1 25
$46.3M
$3.4M
Q4 24
$50.0M
$5.4M
Q3 24
$53.9M
$20.6M
Q2 24
$60.8M
$37.1M
Q1 24
$51.6M
$4.9M
Gross Margin
FSS
FSS
RLJ
RLJ
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 24
27.3%
Operating Margin
FSS
FSS
RLJ
RLJ
Q4 25
14.0%
0.2%
Q3 25
16.9%
-1.0%
Q2 25
17.3%
8.0%
Q1 25
14.2%
1.1%
Q4 24
14.9%
1.8%
Q3 24
16.0%
6.1%
Q2 24
16.5%
10.2%
Q1 24
12.8%
1.6%
Net Margin
FSS
FSS
RLJ
RLJ
Q4 25
10.2%
0.1%
Q3 25
12.3%
-1.1%
Q2 25
12.6%
7.8%
Q1 25
10.0%
1.0%
Q4 24
10.6%
1.6%
Q3 24
11.4%
6.0%
Q2 24
12.4%
10.0%
Q1 24
12.1%
1.5%
EPS (diluted)
FSS
FSS
RLJ
RLJ
Q4 25
$0.99
$-0.05
Q3 25
$1.11
$-0.07
Q2 25
$1.16
$0.15
Q1 25
$0.75
$-0.02
Q4 24
$0.80
$-0.01
Q3 24
$0.87
$0.09
Q2 24
$0.99
$0.20
Q1 24
$0.84
$-0.01

Balance Sheet & Financial Strength

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

Metric
FSS
FSS
RLJ
RLJ
Cash + ST InvestmentsLiquidity on hand
$63.7M
$410.2M
Total DebtLower is stronger
$564.6M
$2.2B
Stockholders' EquityBook value
$1.4B
$2.2B
Total Assets
$2.4B
$4.7B
Debt / EquityLower = less leverage
0.41×
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSS
FSS
RLJ
RLJ
Q4 25
$63.7M
$410.2M
Q3 25
$54.4M
$374.8M
Q2 25
$64.7M
$373.9M
Q1 25
$57.5M
$347.5M
Q4 24
$91.1M
$409.8M
Q3 24
$73.7M
$385.4M
Q2 24
$48.6M
$371.1M
Q1 24
$48.9M
$350.2M
Total Debt
FSS
FSS
RLJ
RLJ
Q4 25
$564.6M
$2.2B
Q3 25
$201.2M
$2.2B
Q2 25
$258.3M
$2.2B
Q1 25
$266.9M
$2.2B
Q4 24
$204.4M
$2.2B
Q3 24
$223.3M
$2.2B
Q2 24
$248.8M
$2.2B
Q1 24
$266.8M
$2.2B
Stockholders' Equity
FSS
FSS
RLJ
RLJ
Q4 25
$1.4B
$2.2B
Q3 25
$1.3B
$2.2B
Q2 25
$1.3B
$2.2B
Q1 25
$1.2B
$2.2B
Q4 24
$1.2B
$2.3B
Q3 24
$1.1B
$2.3B
Q2 24
$1.1B
$2.3B
Q1 24
$1.0B
$2.3B
Total Assets
FSS
FSS
RLJ
RLJ
Q4 25
$2.4B
$4.7B
Q3 25
$1.9B
$4.8B
Q2 25
$1.9B
$4.8B
Q1 25
$1.9B
$4.8B
Q4 24
$1.8B
$4.9B
Q3 24
$1.7B
$4.9B
Q2 24
$1.7B
$4.9B
Q1 24
$1.7B
$4.9B
Debt / Equity
FSS
FSS
RLJ
RLJ
Q4 25
0.41×
1.01×
Q3 25
0.15×
1.01×
Q2 25
0.20×
1.00×
Q1 25
0.22×
0.99×
Q4 24
0.17×
0.97×
Q3 24
0.19×
0.96×
Q2 24
0.23×
0.95×
Q1 24
0.26×
0.96×

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
RLJ
RLJ
Operating Cash FlowLast quarter
$97.2M
$243.8M
Free Cash FlowOCF − Capex
$89.5M
$117.4M
FCF MarginFCF / Revenue
15.0%
35.7%
Capex IntensityCapex / Revenue
1.3%
38.5%
Cash ConversionOCF / Net Profit
1.60×
566.97×
TTM Free Cash FlowTrailing 4 quarters
$227.1M
$186.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSS
FSS
RLJ
RLJ
Q4 25
$97.2M
$243.8M
Q3 25
$61.1M
$63.3M
Q2 25
$59.7M
$101.3M
Q1 25
$36.7M
$16.3M
Q4 24
$90.6M
$285.4M
Q3 24
$68.8M
$80.1M
Q2 24
$40.6M
$113.5M
Q1 24
$31.3M
$20.8M
Free Cash Flow
FSS
FSS
RLJ
RLJ
Q4 25
$89.5M
$117.4M
Q3 25
$54.1M
$33.6M
Q2 25
$52.4M
$66.1M
Q1 25
$31.1M
$-30.5M
Q4 24
$82.1M
$148.9M
Q3 24
$60.9M
$45.4M
Q2 24
$24.8M
$74.9M
Q1 24
$22.9M
$-13.0M
FCF Margin
FSS
FSS
RLJ
RLJ
Q4 25
15.0%
35.7%
Q3 25
9.7%
10.2%
Q2 25
9.3%
18.2%
Q1 25
6.7%
-9.3%
Q4 24
17.4%
45.1%
Q3 24
12.8%
13.1%
Q2 24
5.1%
20.3%
Q1 24
5.4%
-4.0%
Capex Intensity
FSS
FSS
RLJ
RLJ
Q4 25
1.3%
38.5%
Q3 25
1.3%
9.0%
Q2 25
1.3%
9.7%
Q1 25
1.2%
14.3%
Q4 24
1.8%
41.4%
Q3 24
1.7%
10.0%
Q2 24
3.2%
10.4%
Q1 24
2.0%
10.4%
Cash Conversion
FSS
FSS
RLJ
RLJ
Q4 25
1.60×
566.97×
Q3 25
0.90×
Q2 25
0.84×
3.56×
Q1 25
0.79×
4.85×
Q4 24
1.81×
53.09×
Q3 24
1.28×
3.89×
Q2 24
0.67×
3.06×
Q1 24
0.61×
4.21×

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%

RLJ
RLJ

Occupancy$262.1M80%
Food And Beverage$41.9M13%
Hotel Other$24.6M7%

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