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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $385.6M, roughly 1.5× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 10.2%, a 1.0% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 26.5%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $89.5M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
FSS vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $597.1M | $385.6M |
| Net Profit | $60.8M | $43.2M |
| Gross Margin | 28.4% | — |
| Operating Margin | 14.0% | 14.2% |
| Net Margin | 10.2% | 11.2% |
| Revenue YoY | 26.5% | 26.7% |
| Net Profit YoY | 21.6% | 200.1% |
| EPS (diluted) | $0.99 | $1.03 |
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.
| Q4 25 | $597.1M | $385.6M | ||
| Q3 25 | $555.0M | $382.5M | ||
| Q2 25 | $564.6M | $319.9M | ||
| Q1 25 | $463.8M | $328.5M | ||
| Q4 24 | $472.0M | $304.4M | ||
| Q3 24 | $474.2M | $300.9M | ||
| Q2 24 | $490.4M | $279.9M | ||
| Q1 24 | $424.9M | $265.0M |
| Q4 25 | $60.8M | $43.2M | ||
| Q3 25 | $68.1M | $45.9M | ||
| Q2 25 | $71.4M | $38.8M | ||
| Q1 25 | $46.3M | $42.1M | ||
| Q4 24 | $50.0M | $14.4M | ||
| Q3 24 | $53.9M | $36.7M | ||
| Q2 24 | $60.8M | $31.0M | ||
| Q1 24 | $51.6M | $36.8M |
| 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% | — |
| Q4 25 | 14.0% | 14.2% | ||
| Q3 25 | 16.9% | 15.8% | ||
| Q2 25 | 17.3% | 15.6% | ||
| Q1 25 | 14.2% | 15.7% | ||
| Q4 24 | 14.9% | 6.1% | ||
| Q3 24 | 16.0% | 15.6% | ||
| Q2 24 | 16.5% | 14.4% | ||
| Q1 24 | 12.8% | 17.7% |
| Q4 25 | 10.2% | 11.2% | ||
| Q3 25 | 12.3% | 12.0% | ||
| Q2 25 | 12.6% | 12.1% | ||
| Q1 25 | 10.0% | 12.8% | ||
| Q4 24 | 10.6% | 4.7% | ||
| Q3 24 | 11.4% | 12.2% | ||
| Q2 24 | 12.4% | 11.1% | ||
| Q1 24 | 12.1% | 13.9% |
| Q4 25 | $0.99 | $1.03 | ||
| Q3 25 | $1.11 | $1.10 | ||
| Q2 25 | $1.16 | $0.93 | ||
| Q1 25 | $0.75 | $1.01 | ||
| Q4 24 | $0.80 | $0.33 | ||
| Q3 24 | $0.87 | $0.89 | ||
| Q2 24 | $0.99 | $0.75 | ||
| Q1 24 | $0.84 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | $564.6M | — |
| Stockholders' EquityBook value | $1.4B | $1.0B |
| Total Assets | $2.4B | $4.8B |
| Debt / EquityLower = less leverage | 0.41× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.7M | $168.5M | ||
| Q3 25 | $54.4M | $160.1M | ||
| Q2 25 | $64.7M | $136.6M | ||
| Q1 25 | $57.5M | $112.9M | ||
| Q4 24 | $91.1M | $121.6M | ||
| Q3 24 | $73.7M | $105.6M | ||
| Q2 24 | $48.6M | $73.0M | ||
| Q1 24 | $48.9M | $85.1M |
| 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 | $1.0B | ||
| Q3 25 | $1.3B | $961.4M | ||
| Q2 25 | $1.3B | $899.9M | ||
| Q1 25 | $1.2B | $850.7M | ||
| Q4 24 | $1.2B | $794.0M | ||
| Q3 24 | $1.1B | $797.5M | ||
| Q2 24 | $1.1B | $723.6M | ||
| Q1 24 | $1.0B | $692.3M |
| Q4 25 | $2.4B | $4.8B | ||
| Q3 25 | $1.9B | $4.6B | ||
| Q2 25 | $1.9B | $4.3B | ||
| Q1 25 | $1.9B | $4.0B | ||
| Q4 24 | $1.8B | $3.7B | ||
| Q3 24 | $1.7B | $3.6B | ||
| Q2 24 | $1.7B | $3.4B | ||
| Q1 24 | $1.7B | $3.2B |
| 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 | $408.1M |
| Free Cash FlowOCF − Capex | $89.5M | $402.6M |
| FCF MarginFCF / Revenue | 15.0% | 104.4% |
| Capex IntensityCapex / Revenue | 1.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 1.60× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $227.1M | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $97.2M | $408.1M | ||
| Q3 25 | $61.1M | $171.4M | ||
| Q2 25 | $59.7M | $88.2M | ||
| Q1 25 | $36.7M | $96.8M | ||
| Q4 24 | $90.6M | $305.1M | ||
| Q3 24 | $68.8M | $168.0M | ||
| Q2 24 | $40.6M | $21.0M | ||
| Q1 24 | $31.3M | $94.3M |
| Q4 25 | $89.5M | $402.6M | ||
| Q3 25 | $54.1M | $168.9M | ||
| Q2 25 | $52.4M | $87.1M | ||
| Q1 25 | $31.1M | $96.6M | ||
| Q4 24 | $82.1M | $300.9M | ||
| Q3 24 | $60.9M | $167.6M | ||
| Q2 24 | $24.8M | $18.4M | ||
| Q1 24 | $22.9M | $94.0M |
| Q4 25 | 15.0% | 104.4% | ||
| Q3 25 | 9.7% | 44.2% | ||
| Q2 25 | 9.3% | 27.2% | ||
| Q1 25 | 6.7% | 29.4% | ||
| Q4 24 | 17.4% | 98.8% | ||
| Q3 24 | 12.8% | 55.7% | ||
| Q2 24 | 5.1% | 6.6% | ||
| Q1 24 | 5.4% | 35.5% |
| Q4 25 | 1.3% | 1.4% | ||
| Q3 25 | 1.3% | 0.6% | ||
| Q2 25 | 1.3% | 0.3% | ||
| Q1 25 | 1.2% | 0.1% | ||
| Q4 24 | 1.8% | 1.4% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 3.2% | 0.9% | ||
| Q1 24 | 2.0% | 0.1% |
| Q4 25 | 1.60× | 9.44× | ||
| Q3 25 | 0.90× | 3.73× | ||
| Q2 25 | 0.84× | 2.27× | ||
| Q1 25 | 0.79× | 2.30× | ||
| Q4 24 | 1.81× | 21.18× | ||
| Q3 24 | 1.28× | 4.58× | ||
| Q2 24 | 0.67× | 0.68× | ||
| Q1 24 | 0.61× | 2.56× |
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% |
SKWD
Segment breakdown not available.
