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APOGEE ENTERPRISES, INC.（APOG）与FEDERAL SIGNAL CORP（FSS）财务数据对比。点击上方公司名可切换其他公司
FEDERAL SIGNAL CORP的季度营收约是APOGEE ENTERPRISES, INC.的1.7倍（$597.1M vs $348.6M），FEDERAL SIGNAL CORP净利率更高（10.2% vs 4.7%，领先5.4%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 2.1%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $22.9M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs -1.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
联邦信号公司是20世纪早期的美国企业，主营铁路信号设备的制造业务，总部坐落于美国纽约州奥尔巴尼市，其生产的相关信号产品在当时的美国轨道交通行业得到了广泛应用，具备一定的行业知名度。
APOG vs FSS — 直观对比
营收规模更大
FSS
是对方的1.7倍
$348.6M
营收增速更快
FSS
高出24.4%
2.1%
净利率更高
FSS
高出5.4%
4.7%
自由现金流更多
FSS
多$66.6M
$22.9M
两年增速更快
FSS
近两年复合增速
-1.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $348.6M | $597.1M |
| 净利润 | $16.5M | $60.8M |
| 毛利率 | 23.8% | 28.4% |
| 营业利润率 | 7.1% | 14.0% |
| 净利率 | 4.7% | 10.2% |
| 营收同比 | 2.1% | 26.5% |
| 净利润同比 | -21.2% | 21.6% |
| 每股收益（稀释后） | $0.77 | $0.99 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APOGFSS
| Q4 25 | $348.6M | $597.1M | ||
| Q3 25 | $358.2M | $555.0M | ||
| Q2 25 | $346.6M | $564.6M | ||
| Q1 25 | $345.7M | $463.8M | ||
| Q4 24 | $341.3M | $472.0M | ||
| Q3 24 | $342.4M | $474.2M | ||
| Q2 24 | $331.5M | $490.4M | ||
| Q1 24 | $361.8M | $424.9M |
净利润APOGFSS
| Q4 25 | $16.5M | $60.8M | ||
| Q3 25 | $23.6M | $68.1M | ||
| Q2 25 | $-2.7M | $71.4M | ||
| Q1 25 | $2.5M | $46.3M | ||
| Q4 24 | $21.0M | $50.0M | ||
| Q3 24 | $30.6M | $53.9M | ||
| Q2 24 | $31.0M | $60.8M | ||
| Q1 24 | $15.7M | $51.6M |
毛利率APOGFSS
| Q4 25 | 23.8% | 28.4% | ||
| Q3 25 | 23.1% | 29.1% | ||
| Q2 25 | 21.7% | 30.0% | ||
| Q1 25 | 21.6% | 28.2% | ||
| Q4 24 | 26.1% | 28.1% | ||
| Q3 24 | 28.4% | 29.6% | ||
| Q2 24 | 29.8% | 29.4% | ||
| Q1 24 | 24.4% | 27.3% |
营业利润率APOGFSS
| Q4 25 | 7.1% | 14.0% | ||
| Q3 25 | 7.5% | 16.9% | ||
| Q2 25 | 2.0% | 17.3% | ||
| Q1 25 | 1.8% | 14.2% | ||
| Q4 24 | 8.4% | 14.9% | ||
| Q3 24 | 12.3% | 16.0% | ||
| Q2 24 | 12.5% | 16.5% | ||
| Q1 24 | 6.0% | 12.8% |
净利率APOGFSS
| Q4 25 | 4.7% | 10.2% | ||
| Q3 25 | 6.6% | 12.3% | ||
| Q2 25 | -0.8% | 12.6% | ||
| Q1 25 | 0.7% | 10.0% | ||
| Q4 24 | 6.1% | 10.6% | ||
| Q3 24 | 8.9% | 11.4% | ||
| Q2 24 | 9.4% | 12.4% | ||
| Q1 24 | 4.3% | 12.1% |
每股收益（稀释后）APOGFSS
| Q4 25 | $0.77 | $0.99 | ||
| Q3 25 | $1.10 | $1.11 | ||
| Q2 25 | $-0.13 | $1.16 | ||
| Q1 25 | $0.12 | $0.75 | ||
| Q4 24 | $0.96 | $0.80 | ||
| Q3 24 | $1.40 | $0.87 | ||
| Q2 24 | $1.41 | $0.99 | ||
| Q1 24 | $0.71 | $0.84 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $41.3M | $63.7M |
| 总债务越低越好 | — | $564.6M |
| 股东权益账面价值 | $512.3M | $1.4B |
| 总资产 | $1.1B | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资APOGFSS
| Q4 25 | $41.3M | $63.7M | ||
| Q3 25 | $39.5M | $54.4M | ||
| Q2 25 | $32.8M | $64.7M | ||
| Q1 25 | $41.4M | $57.5M | ||
| Q4 24 | $43.9M | $91.1M | ||
| Q3 24 | $51.0M | $73.7M | ||
| Q2 24 | $30.4M | $48.6M | ||
| Q1 24 | $37.2M | $48.9M |
总债务APOGFSS
| Q4 25 | — | $564.6M | ||
| Q3 25 | — | $201.2M | ||
| Q2 25 | — | $258.3M | ||
| Q1 25 | $285.0M | $266.9M | ||
| Q4 24 | — | $204.4M | ||
| Q3 24 | — | $223.3M | ||
| Q2 24 | — | $248.8M | ||
| Q1 24 | $62.0M | $266.8M |
股东权益APOGFSS
| Q4 25 | $512.3M | $1.4B | ||
| Q3 25 | $500.2M | $1.3B | ||
| Q2 25 | $481.8M | $1.3B | ||
| Q1 25 | $487.9M | $1.2B | ||
| Q4 24 | $522.1M | $1.2B | ||
| Q3 24 | $506.4M | $1.1B | ||
| Q2 24 | $480.0M | $1.1B | ||
| Q1 24 | $471.0M | $1.0B |
总资产APOGFSS
| Q4 25 | $1.1B | $2.4B | ||
| Q3 25 | $1.2B | $1.9B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $917.1M | $1.7B | ||
| Q2 24 | $889.0M | $1.7B | ||
| Q1 24 | $884.1M | $1.7B |
负债/权益比APOGFSS
| Q4 25 | — | 0.41× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | 0.58× | 0.22× | ||
| Q4 24 | — | 0.17× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | 0.13× | 0.26× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $29.3M | $97.2M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $89.5M |
| 自由现金流率自由现金流/营收 | 6.6% | 15.0% |
| 资本支出强度资本支出/营收 | 1.9% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.77× | 1.60× |
| 过去12个月自由现金流最近4个季度 | $67.4M | $227.1M |
8季度趋势，按日历期对齐
经营现金流APOGFSS
| Q4 25 | $29.3M | $97.2M | ||
| Q3 25 | $57.1M | $61.1M | ||
| Q2 25 | $-19.8M | $59.7M | ||
| Q1 25 | $30.0M | $36.7M | ||
| Q4 24 | $31.0M | $90.6M | ||
| Q3 24 | $58.7M | $68.8M | ||
| Q2 24 | $5.5M | $40.6M | ||
| Q1 24 | $74.9M | $31.3M |
自由现金流APOGFSS
| Q4 25 | $22.9M | $89.5M | ||
| Q3 25 | $52.4M | $54.1M | ||
| Q2 25 | $-26.9M | $52.4M | ||
| Q1 25 | $19.1M | $31.1M | ||
| Q4 24 | $22.0M | $82.1M | ||
| Q3 24 | $50.2M | $60.9M | ||
| Q2 24 | $-1.8M | $24.8M | ||
| Q1 24 | $58.7M | $22.9M |
自由现金流率APOGFSS
| Q4 25 | 6.6% | 15.0% | ||
| Q3 25 | 14.6% | 9.7% | ||
| Q2 25 | -7.8% | 9.3% | ||
| Q1 25 | 5.5% | 6.7% | ||
| Q4 24 | 6.4% | 17.4% | ||
| Q3 24 | 14.7% | 12.8% | ||
| Q2 24 | -0.5% | 5.1% | ||
| Q1 24 | 16.2% | 5.4% |
资本支出强度APOGFSS
| Q4 25 | 1.9% | 1.3% | ||
| Q3 25 | 1.3% | 1.3% | ||
| Q2 25 | 2.1% | 1.3% | ||
| Q1 25 | 3.2% | 1.2% | ||
| Q4 24 | 2.6% | 1.8% | ||
| Q3 24 | 2.5% | 1.7% | ||
| Q2 24 | 2.2% | 3.2% | ||
| Q1 24 | 4.5% | 2.0% |
现金转化率APOGFSS
| Q4 25 | 1.77× | 1.60× | ||
| Q3 25 | 2.41× | 0.90× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | 12.08× | 0.79× | ||
| Q4 24 | 1.48× | 1.81× | ||
| Q3 24 | 1.92× | 1.28× | ||
| Q2 24 | 0.18× | 0.67× | ||
| Q1 24 | 4.76× | 0.61× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
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% |
