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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $597.1M, roughly 1.3× FEDERAL SIGNAL CORP). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs 2.2%, a 8.0% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 2.5%). FEDERAL SIGNAL CORP produced more free cash flow last quarter ($89.5M vs $28.9M). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 0.9%).
The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
FSS vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $597.1M | $766.5M |
| Net Profit | $60.8M | $16.5M |
| Gross Margin | 28.4% | 13.4% |
| Operating Margin | 14.0% | 2.3% |
| Net Margin | 10.2% | 2.2% |
| Revenue YoY | 26.5% | 2.5% |
| Net Profit YoY | 21.6% | -3.3% |
| EPS (diluted) | $0.99 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $555.0M | $739.6M | ||
| Q2 25 | $564.6M | $812.9M | ||
| Q1 25 | $463.8M | $704.8M | ||
| Q4 24 | $472.0M | $747.5M | ||
| Q3 24 | $474.2M | $775.6M | ||
| Q2 24 | $490.4M | $746.1M | ||
| Q1 24 | $424.9M | $752.6M |
| Q4 25 | $60.8M | $16.5M | ||
| Q3 25 | $68.1M | $19.9M | ||
| Q2 25 | $71.4M | $20.1M | ||
| Q1 25 | $46.3M | $17.4M | ||
| Q4 24 | $50.0M | $17.1M | ||
| Q3 24 | $53.9M | $17.0M | ||
| Q2 24 | $60.8M | $16.1M | ||
| Q1 24 | $51.6M | $12.8M |
| Q4 25 | 28.4% | 13.4% | ||
| Q3 25 | 29.1% | 14.5% | ||
| Q2 25 | 30.0% | 12.9% | ||
| Q1 25 | 28.2% | 14.2% | ||
| Q4 24 | 28.1% | 13.6% | ||
| Q3 24 | 29.6% | 13.1% | ||
| Q2 24 | 29.4% | 13.0% | ||
| Q1 24 | 27.3% | 12.6% |
| Q4 25 | 14.0% | 2.3% | ||
| Q3 25 | 16.9% | 3.5% | ||
| Q2 25 | 17.3% | 3.3% | ||
| Q1 25 | 14.2% | 3.2% | ||
| Q4 24 | 14.9% | 2.5% | ||
| Q3 24 | 16.0% | 2.3% | ||
| Q2 24 | 16.5% | 2.9% | ||
| Q1 24 | 12.8% | 2.3% |
| Q4 25 | 10.2% | 2.2% | ||
| Q3 25 | 12.3% | 2.7% | ||
| Q2 25 | 12.6% | 2.5% | ||
| Q1 25 | 10.0% | 2.5% | ||
| Q4 24 | 10.6% | 2.3% | ||
| Q3 24 | 11.4% | 2.2% | ||
| Q2 24 | 12.4% | 2.2% | ||
| Q1 24 | 12.1% | 1.7% |
| Q4 25 | $0.99 | $0.75 | ||
| Q3 25 | $1.11 | $0.89 | ||
| Q2 25 | $1.16 | $0.87 | ||
| Q1 25 | $0.75 | $0.74 | ||
| Q4 24 | $0.80 | $0.70 | ||
| Q3 24 | $0.87 | $0.69 | ||
| Q2 24 | $0.99 | $0.66 | ||
| Q1 24 | $0.84 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $564.6M | — |
| Stockholders' EquityBook value | $1.4B | $910.9M |
| Total Assets | $2.4B | $1.7B |
| Debt / EquityLower = less leverage | 0.41× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.7M | $83.5M | ||
| Q3 25 | $54.4M | $124.9M | ||
| Q2 25 | $64.7M | $126.2M | ||
| Q1 25 | $57.5M | $146.3M | ||
| Q4 24 | $91.1M | $110.5M | ||
| Q3 24 | $73.7M | $145.0M | ||
| Q2 24 | $48.6M | $185.5M | ||
| Q1 24 | $48.9M | $159.1M |
| 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 | $910.9M | ||
| Q3 25 | $1.3B | $914.0M | ||
| Q2 25 | $1.3B | $906.4M | ||
| Q1 25 | $1.2B | $901.7M | ||
| Q4 24 | $1.2B | $900.7M | ||
| Q3 24 | $1.1B | $920.9M | ||
| Q2 24 | $1.1B | $924.3M | ||
| Q1 24 | $1.0B | $944.1M |
| Q4 25 | $2.4B | $1.7B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.7B | $1.8B | ||
| Q2 24 | $1.7B | $1.8B | ||
| Q1 24 | $1.7B | $1.8B |
| 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 | $30.8M |
| Free Cash FlowOCF − Capex | $89.5M | $28.9M |
| FCF MarginFCF / Revenue | 15.0% | 3.8% |
| Capex IntensityCapex / Revenue | 1.3% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.60× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $227.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $97.2M | $30.8M | ||
| Q3 25 | $61.1M | $23.2M | ||
| Q2 25 | $59.7M | — | ||
| Q1 25 | $36.7M | $66.1M | ||
| Q4 24 | $90.6M | $-6.2M | ||
| Q3 24 | $68.8M | $44.8M | ||
| Q2 24 | $40.6M | — | ||
| Q1 24 | $31.3M | $160.2M |
| Q4 25 | $89.5M | $28.9M | ||
| Q3 25 | $54.1M | $20.8M | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $31.1M | $64.6M | ||
| Q4 24 | $82.1M | $-8.2M | ||
| Q3 24 | $60.9M | $42.5M | ||
| Q2 24 | $24.8M | — | ||
| Q1 24 | $22.9M | $157.7M |
| Q4 25 | 15.0% | 3.8% | ||
| Q3 25 | 9.7% | 2.8% | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 6.7% | 9.2% | ||
| Q4 24 | 17.4% | -1.1% | ||
| Q3 24 | 12.8% | 5.5% | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 5.4% | 21.0% |
| Q4 25 | 1.3% | 0.3% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 1.3% | 0.3% | ||
| Q1 25 | 1.2% | 0.2% | ||
| Q4 24 | 1.8% | 0.3% | ||
| Q3 24 | 1.7% | 0.3% | ||
| Q2 24 | 3.2% | 0.2% | ||
| Q1 24 | 2.0% | 0.3% |
| Q4 25 | 1.60× | 1.87× | ||
| Q3 25 | 0.90× | 1.17× | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.79× | 3.79× | ||
| Q4 24 | 1.81× | -0.36× | ||
| Q3 24 | 1.28× | 2.64× | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | 0.61× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
