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

FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $393.0M, roughly 1.5× Viper Energy, Inc.). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs -19.6%, a 29.8% gap on every dollar of revenue. On growth, Viper Energy, Inc. posted the faster year-over-year revenue change (88.0% vs 26.5%).

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

Commonwealth Fusion Systems (CFS) is an American fusion power company founded in 2018 in Cambridge, Massachusetts, after a spin-off from the Massachusetts Institute of Technology (MIT). Its stated goal is to build a small fusion power plant based on the ARC tokamak design. It has participated in the United States Department of Energy’s INFUSE public-private knowledge innovation scheme with several national labs and universities.

FSS vs VNOM — Head-to-Head

Bigger by revenue
FSS
FSS
1.5× larger
FSS
$597.1M
$393.0M
VNOM
Growing faster (revenue YoY)
VNOM
VNOM
+61.5% gap
VNOM
88.0%
26.5%
FSS
Higher net margin
FSS
FSS
29.8% more per $
FSS
10.2%
-19.6%
VNOM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FSS
FSS
VNOM
VNOM
Revenue
$597.1M
$393.0M
Net Profit
$60.8M
$-77.0M
Gross Margin
28.4%
Operating Margin
14.0%
-44.8%
Net Margin
10.2%
-19.6%
Revenue YoY
26.5%
88.0%
Net Profit YoY
21.6%
-257.1%
EPS (diluted)
$0.99
$-0.52

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
VNOM
VNOM
Q4 25
$597.1M
Q3 25
$555.0M
$393.0M
Q2 25
$564.6M
Q1 25
$463.8M
Q4 24
$472.0M
Q3 24
$474.2M
$209.0M
Q2 24
$490.4M
Q1 24
$424.9M
Net Profit
FSS
FSS
VNOM
VNOM
Q4 25
$60.8M
Q3 25
$68.1M
$-77.0M
Q2 25
$71.4M
Q1 25
$46.3M
Q4 24
$50.0M
Q3 24
$53.9M
$49.0M
Q2 24
$60.8M
Q1 24
$51.6M
Gross Margin
FSS
FSS
VNOM
VNOM
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
VNOM
VNOM
Q4 25
14.0%
Q3 25
16.9%
-44.8%
Q2 25
17.3%
Q1 25
14.2%
Q4 24
14.9%
Q3 24
16.0%
65.1%
Q2 24
16.5%
Q1 24
12.8%
Net Margin
FSS
FSS
VNOM
VNOM
Q4 25
10.2%
Q3 25
12.3%
-19.6%
Q2 25
12.6%
Q1 25
10.0%
Q4 24
10.6%
Q3 24
11.4%
23.4%
Q2 24
12.4%
Q1 24
12.1%
EPS (diluted)
FSS
FSS
VNOM
VNOM
Q4 25
$0.99
Q3 25
$1.11
$-0.52
Q2 25
$1.16
Q1 25
$0.75
Q4 24
$0.80
Q3 24
$0.87
$0.52
Q2 24
$0.99
Q1 24
$0.84

Balance Sheet & Financial Strength

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

Metric
FSS
FSS
VNOM
VNOM
Cash + ST InvestmentsLiquidity on hand
$63.7M
$53.0M
Total DebtLower is stronger
$564.6M
Stockholders' EquityBook value
$1.4B
$4.6B
Total Assets
$2.4B
$13.7B
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSS
FSS
VNOM
VNOM
Q4 25
$63.7M
Q3 25
$54.4M
$53.0M
Q2 25
$64.7M
Q1 25
$57.5M
Q4 24
$91.1M
Q3 24
$73.7M
Q2 24
$48.6M
Q1 24
$48.9M
Total Debt
FSS
FSS
VNOM
VNOM
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
Stockholders' Equity
FSS
FSS
VNOM
VNOM
Q4 25
$1.4B
Q3 25
$1.3B
$4.6B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.1B
$3.3B
Q2 24
$1.1B
Q1 24
$1.0B
Total Assets
FSS
FSS
VNOM
VNOM
Q4 25
$2.4B
Q3 25
$1.9B
$13.7B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.7B
Q2 24
$1.7B
Q1 24
$1.7B
Debt / Equity
FSS
FSS
VNOM
VNOM
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
FSS
FSS
VNOM
VNOM
Operating Cash FlowLast quarter
$97.2M
$654.0M
Free Cash FlowOCF − Capex
$89.5M
FCF MarginFCF / Revenue
15.0%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
1.60×
TTM Free Cash FlowTrailing 4 quarters
$227.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSS
FSS
VNOM
VNOM
Q4 25
$97.2M
Q3 25
$61.1M
$654.0M
Q2 25
$59.7M
Q1 25
$36.7M
Q4 24
$90.6M
Q3 24
$68.8M
Q2 24
$40.6M
Q1 24
$31.3M
Free Cash Flow
FSS
FSS
VNOM
VNOM
Q4 25
$89.5M
Q3 25
$54.1M
Q2 25
$52.4M
Q1 25
$31.1M
Q4 24
$82.1M
Q3 24
$60.9M
Q2 24
$24.8M
Q1 24
$22.9M
FCF Margin
FSS
FSS
VNOM
VNOM
Q4 25
15.0%
Q3 25
9.7%
Q2 25
9.3%
Q1 25
6.7%
Q4 24
17.4%
Q3 24
12.8%
Q2 24
5.1%
Q1 24
5.4%
Capex Intensity
FSS
FSS
VNOM
VNOM
Q4 25
1.3%
Q3 25
1.3%
Q2 25
1.3%
Q1 25
1.2%
Q4 24
1.8%
Q3 24
1.7%
Q2 24
3.2%
Q1 24
2.0%
Cash Conversion
FSS
FSS
VNOM
VNOM
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
FSS

Vehiclesandequipment$403.4M68%
Parts$66.8M11%
Publicsafetyandsecurityequipment$62.2M10%
Rentalincome$19.0M3%
Industrialsignalingequipment$18.2M3%
Other$14.9M2%
Warningsystems$12.6M2%

VNOM
VNOM

Oil Income$332.0M84%
Natural Gas Liquids Income$46.0M12%
Natural Gas Income$15.0M4%

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