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

FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $369.6M, roughly 1.6× Sarepta Therapeutics, Inc.). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs -111.5%, a 121.7% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs -42.1%). Sarepta Therapeutics, Inc. produced more free cash flow last quarter ($127.6M vs $89.5M). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 1.4%).

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

Sarepta Therapeutics, Inc. is a medical research and drug development company with corporate offices and research facilities in Cambridge, Massachusetts, United States. Incorporated in 1980 as AntiVirals, shortly before going public the company changed its name from AntiVirals to AVI BioPharma soon with stock symbol AVII and in July 2012 changed name from AVI BioPharma to Sarepta Therapeutics and SRPT respectively. As of 2023, the company has four approved drugs.

FSS vs SRPT — Head-to-Head

Bigger by revenue
FSS
FSS
1.6× larger
FSS
$597.1M
$369.6M
SRPT
Growing faster (revenue YoY)
FSS
FSS
+68.6% gap
FSS
26.5%
-42.1%
SRPT
Higher net margin
FSS
FSS
121.7% more per $
FSS
10.2%
-111.5%
SRPT
More free cash flow
SRPT
SRPT
$38.1M more FCF
SRPT
$127.6M
$89.5M
FSS
Faster 2-yr revenue CAGR
FSS
FSS
Annualised
FSS
18.5%
1.4%
SRPT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSS
FSS
SRPT
SRPT
Revenue
$597.1M
$369.6M
Net Profit
$60.8M
$-412.2M
Gross Margin
28.4%
Operating Margin
14.0%
-111.4%
Net Margin
10.2%
-111.5%
Revenue YoY
26.5%
-42.1%
Net Profit YoY
21.6%
-359.2%
EPS (diluted)
$0.99
$-3.92

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
SRPT
SRPT
Q4 25
$597.1M
$369.6M
Q3 25
$555.0M
$370.0M
Q2 25
$564.6M
$513.1M
Q1 25
$463.8M
$611.5M
Q4 24
$472.0M
$638.2M
Q3 24
$474.2M
$429.8M
Q2 24
$490.4M
$360.5M
Q1 24
$424.9M
$359.5M
Net Profit
FSS
FSS
SRPT
SRPT
Q4 25
$60.8M
$-412.2M
Q3 25
$68.1M
$-50.6M
Q2 25
$71.4M
$196.9M
Q1 25
$46.3M
$-447.5M
Q4 24
$50.0M
$159.0M
Q3 24
$53.9M
$33.6M
Q2 24
$60.8M
$6.5M
Q1 24
$51.6M
$36.1M
Gross Margin
FSS
FSS
SRPT
SRPT
Q4 25
28.4%
Q3 25
29.1%
59.3%
Q2 25
30.0%
70.3%
Q1 25
28.2%
77.5%
Q4 24
28.1%
Q3 24
29.6%
78.7%
Q2 24
29.4%
87.6%
Q1 24
27.3%
85.9%
Operating Margin
FSS
FSS
SRPT
SRPT
Q4 25
14.0%
-111.4%
Q3 25
16.9%
-27.9%
Q2 25
17.3%
22.5%
Q1 25
14.2%
-49.1%
Q4 24
14.9%
25.3%
Q3 24
16.0%
5.2%
Q2 24
16.5%
-0.2%
Q1 24
12.8%
9.7%
Net Margin
FSS
FSS
SRPT
SRPT
Q4 25
10.2%
-111.5%
Q3 25
12.3%
-13.7%
Q2 25
12.6%
38.4%
Q1 25
10.0%
-73.2%
Q4 24
10.6%
24.9%
Q3 24
11.4%
7.8%
Q2 24
12.4%
1.8%
Q1 24
12.1%
10.0%
EPS (diluted)
FSS
FSS
SRPT
SRPT
Q4 25
$0.99
$-3.92
Q3 25
$1.11
$-0.50
Q2 25
$1.16
$1.89
Q1 25
$0.75
$-4.60
Q4 24
$0.80
$1.56
Q3 24
$0.87
$0.34
Q2 24
$0.99
$0.07
Q1 24
$0.84
$0.37

Balance Sheet & Financial Strength

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

Metric
FSS
FSS
SRPT
SRPT
Cash + ST InvestmentsLiquidity on hand
$63.7M
$939.6M
Total DebtLower is stronger
$564.6M
$829.0M
Stockholders' EquityBook value
$1.4B
$1.1B
Total Assets
$2.4B
$3.3B
Debt / EquityLower = less leverage
0.41×
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSS
FSS
SRPT
SRPT
Q4 25
$63.7M
$939.6M
Q3 25
$54.4M
$851.0M
Q2 25
$64.7M
$800.1M
Q1 25
$57.5M
$522.8M
Q4 24
$91.1M
$1.4B
Q3 24
$73.7M
$1.2B
Q2 24
$48.6M
$1.5B
Q1 24
$48.9M
$1.4B
Total Debt
FSS
FSS
SRPT
SRPT
Q4 25
$564.6M
$829.0M
Q3 25
$201.2M
$140.5M
Q2 25
$258.3M
Q1 25
$266.9M
Q4 24
$204.4M
$1.1B
Q3 24
$223.3M
$1.2B
Q2 24
$248.8M
$1.2B
Q1 24
$266.8M
$1.2B
Stockholders' Equity
FSS
FSS
SRPT
SRPT
Q4 25
$1.4B
$1.1B
Q3 25
$1.3B
$1.3B
Q2 25
$1.3B
$1.4B
Q1 25
$1.2B
$1.1B
Q4 24
$1.2B
$1.5B
Q3 24
$1.1B
$1.2B
Q2 24
$1.1B
$1.1B
Q1 24
$1.0B
$961.2M
Total Assets
FSS
FSS
SRPT
SRPT
Q4 25
$2.4B
$3.3B
Q3 25
$1.9B
$3.5B
Q2 25
$1.9B
$3.7B
Q1 25
$1.9B
$3.5B
Q4 24
$1.8B
$4.0B
Q3 24
$1.7B
$3.6B
Q2 24
$1.7B
$3.4B
Q1 24
$1.7B
$3.2B
Debt / Equity
FSS
FSS
SRPT
SRPT
Q4 25
0.41×
0.73×
Q3 25
0.15×
0.11×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.17×
0.74×
Q3 24
0.19×
1.01×
Q2 24
0.23×
1.14×
Q1 24
0.26×
1.29×

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
SRPT
SRPT
Operating Cash FlowLast quarter
$97.2M
$131.2M
Free Cash FlowOCF − Capex
$89.5M
$127.6M
FCF MarginFCF / Revenue
15.0%
34.5%
Capex IntensityCapex / Revenue
1.3%
1.0%
Cash ConversionOCF / Net Profit
1.60×
TTM Free Cash FlowTrailing 4 quarters
$227.1M
$-307.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSS
FSS
SRPT
SRPT
Q4 25
$97.2M
$131.2M
Q3 25
$61.1M
$-14.6M
Q2 25
$59.7M
$261.3M
Q1 25
$36.7M
$-583.4M
Q4 24
$90.6M
$92.0M
Q3 24
$68.8M
$-70.7M
Q2 24
$40.6M
$14.9M
Q1 24
$31.3M
$-242.1M
Free Cash Flow
FSS
FSS
SRPT
SRPT
Q4 25
$89.5M
$127.6M
Q3 25
$54.1M
$-37.5M
Q2 25
$52.4M
$229.5M
Q1 25
$31.1M
$-627.1M
Q4 24
$82.1M
$54.0M
Q3 24
$60.9M
$-108.0M
Q2 24
$24.8M
$-14.2M
Q1 24
$22.9M
$-274.5M
FCF Margin
FSS
FSS
SRPT
SRPT
Q4 25
15.0%
34.5%
Q3 25
9.7%
-10.1%
Q2 25
9.3%
44.7%
Q1 25
6.7%
-102.5%
Q4 24
17.4%
8.5%
Q3 24
12.8%
-25.1%
Q2 24
5.1%
-3.9%
Q1 24
5.4%
-76.4%
Capex Intensity
FSS
FSS
SRPT
SRPT
Q4 25
1.3%
1.0%
Q3 25
1.3%
6.2%
Q2 25
1.3%
6.2%
Q1 25
1.2%
7.1%
Q4 24
1.8%
6.0%
Q3 24
1.7%
8.7%
Q2 24
3.2%
8.1%
Q1 24
2.0%
9.0%
Cash Conversion
FSS
FSS
SRPT
SRPT
Q4 25
1.60×
Q3 25
0.90×
Q2 25
0.84×
1.33×
Q1 25
0.79×
Q4 24
1.81×
0.58×
Q3 24
1.28×
-2.10×
Q2 24
0.67×
2.31×
Q1 24
0.61×
-6.70×

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%

SRPT
SRPT

Pmo Products$202.5M55%
Elevidys$110.4M30%
Other$56.7M15%

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