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Side-by-side financial comparison of FEDERAL SIGNAL CORP (FSS) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $376.9M, roughly 1.6× TRUPANION, INC.). On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 11.7%). FEDERAL SIGNAL CORP produced more free cash flow last quarter ($89.5M vs $25.3M). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 11.0%).
The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
FSS vs TRUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $597.1M | $376.9M |
| Net Profit | $60.8M | — |
| Gross Margin | 28.4% | 17.3% |
| Operating Margin | 14.0% | 1.9% |
| Net Margin | 10.2% | — |
| Revenue YoY | 26.5% | 11.7% |
| Net Profit YoY | 21.6% | — |
| EPS (diluted) | $0.99 | $0.13 |
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 | $376.9M | ||
| Q3 25 | $555.0M | $366.9M | ||
| Q2 25 | $564.6M | $353.6M | ||
| Q1 25 | $463.8M | $342.0M | ||
| Q4 24 | $472.0M | $337.3M | ||
| Q3 24 | $474.2M | $327.5M | ||
| Q2 24 | $490.4M | $314.8M | ||
| Q1 24 | $424.9M | $306.1M |
| Q4 25 | $60.8M | — | ||
| Q3 25 | $68.1M | — | ||
| Q2 25 | $71.4M | — | ||
| Q1 25 | $46.3M | — | ||
| Q4 24 | $50.0M | — | ||
| Q3 24 | $53.9M | — | ||
| Q2 24 | $60.8M | — | ||
| Q1 24 | $51.6M | — |
| Q4 25 | 28.4% | 17.3% | ||
| Q3 25 | 29.1% | 16.4% | ||
| Q2 25 | 30.0% | 15.5% | ||
| Q1 25 | 28.2% | 14.9% | ||
| Q4 24 | 28.1% | 15.7% | ||
| Q3 24 | 29.6% | 15.1% | ||
| Q2 24 | 29.4% | 12.8% | ||
| Q1 24 | 27.3% | 11.8% |
| Q4 25 | 14.0% | 1.9% | ||
| Q3 25 | 16.9% | 1.6% | ||
| Q2 25 | 17.3% | 0.7% | ||
| Q1 25 | 14.2% | -0.4% | ||
| Q4 24 | 14.9% | 0.1% | ||
| Q3 24 | 16.0% | 0.5% | ||
| Q2 24 | 16.5% | -1.7% | ||
| Q1 24 | 12.8% | -2.0% |
| Q4 25 | 10.2% | — | ||
| Q3 25 | 12.3% | — | ||
| Q2 25 | 12.6% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 12.4% | — | ||
| Q1 24 | 12.1% | — |
| Q4 25 | $0.99 | $0.13 | ||
| Q3 25 | $1.11 | $0.13 | ||
| Q2 25 | $1.16 | $0.22 | ||
| Q1 25 | $0.75 | $-0.03 | ||
| Q4 24 | $0.80 | $0.04 | ||
| Q3 24 | $0.87 | $0.03 | ||
| Q2 24 | $0.99 | $-0.14 | ||
| Q1 24 | $0.84 | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | $564.6M | $101.8M |
| Stockholders' EquityBook value | $1.4B | $383.9M |
| Total Assets | $2.4B | $915.0M |
| Debt / EquityLower = less leverage | 0.41× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.7M | $370.7M | ||
| Q3 25 | $54.4M | $348.5M | ||
| Q2 25 | $64.7M | $319.6M | ||
| Q1 25 | $57.5M | $321.8M | ||
| Q4 24 | $91.1M | $307.4M | ||
| Q3 24 | $73.7M | $293.1M | ||
| Q2 24 | $48.6M | $277.2M | ||
| Q1 24 | $48.9M | $275.2M |
| Q4 25 | $564.6M | $101.8M | ||
| Q3 25 | $201.2M | — | ||
| Q2 25 | $258.3M | — | ||
| Q1 25 | $266.9M | — | ||
| Q4 24 | $204.4M | $127.5M | ||
| Q3 24 | $223.3M | — | ||
| Q2 24 | $248.8M | — | ||
| Q1 24 | $266.8M | — |
| Q4 25 | $1.4B | $383.9M | ||
| Q3 25 | $1.3B | $368.6M | ||
| Q2 25 | $1.3B | $355.5M | ||
| Q1 25 | $1.2B | $333.7M | ||
| Q4 24 | $1.2B | $323.3M | ||
| Q3 24 | $1.1B | $320.2M | ||
| Q2 24 | $1.1B | $305.8M | ||
| Q1 24 | $1.0B | $303.4M |
| Q4 25 | $2.4B | $915.0M | ||
| Q3 25 | $1.9B | $880.2M | ||
| Q2 25 | $1.9B | $847.8M | ||
| Q1 25 | $1.9B | $837.2M | ||
| Q4 24 | $1.8B | $806.9M | ||
| Q3 24 | $1.7B | $816.1M | ||
| Q2 24 | $1.7B | $795.9M | ||
| Q1 24 | $1.7B | $789.5M |
| Q4 25 | 0.41× | 0.27× | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.17× | 0.39× | ||
| 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 | $29.3M |
| Free Cash FlowOCF − Capex | $89.5M | $25.3M |
| FCF MarginFCF / Revenue | 15.0% | 6.7% |
| Capex IntensityCapex / Revenue | 1.3% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.60× | — |
| TTM Free Cash FlowTrailing 4 quarters | $227.1M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $97.2M | $29.3M | ||
| Q3 25 | $61.1M | $29.2M | ||
| Q2 25 | $59.7M | $15.0M | ||
| Q1 25 | $36.7M | $16.0M | ||
| Q4 24 | $90.6M | $23.7M | ||
| Q3 24 | $68.8M | $15.3M | ||
| Q2 24 | $40.6M | $6.9M | ||
| Q1 24 | $31.3M | $2.4M |
| Q4 25 | $89.5M | $25.3M | ||
| Q3 25 | $54.1M | $23.9M | ||
| Q2 25 | $52.4M | $12.0M | ||
| Q1 25 | $31.1M | $14.0M | ||
| Q4 24 | $82.1M | $21.8M | ||
| Q3 24 | $60.9M | $13.4M | ||
| Q2 24 | $24.8M | $4.0M | ||
| Q1 24 | $22.9M | $-631.0K |
| Q4 25 | 15.0% | 6.7% | ||
| Q3 25 | 9.7% | 6.5% | ||
| Q2 25 | 9.3% | 3.4% | ||
| Q1 25 | 6.7% | 4.1% | ||
| Q4 24 | 17.4% | 6.5% | ||
| Q3 24 | 12.8% | 4.1% | ||
| Q2 24 | 5.1% | 1.3% | ||
| Q1 24 | 5.4% | -0.2% |
| Q4 25 | 1.3% | 1.0% | ||
| Q3 25 | 1.3% | 1.4% | ||
| Q2 25 | 1.3% | 0.8% | ||
| Q1 25 | 1.2% | 0.6% | ||
| Q4 24 | 1.8% | 0.6% | ||
| Q3 24 | 1.7% | 0.6% | ||
| Q2 24 | 3.2% | 0.9% | ||
| Q1 24 | 2.0% | 1.0% |
| Q4 25 | 1.60× | — | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | 0.61× | — |
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% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
