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ASSOCIATED BANC-CORP（ASB）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ASSOCIATED BANC-CORP的1.6倍（$597.1M vs $383.0M），ASSOCIATED BANC-CORP净利率更高（31.2% vs 10.2%，领先21.0%），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 9.1%）
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
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。
ASB vs FSS — 直观对比
营收规模更大
FSS
是对方的1.6倍
$383.0M
净利率更高
ASB
高出21.0%
10.2%
两年增速更快
FSS
近两年复合增速
9.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $383.0M | $597.1M |
| 净利润 | $119.6M | $60.8M |
| 毛利率 | — | 28.4% |
| 营业利润率 | — | 14.0% |
| 净利率 | 31.2% | 10.2% |
| 营收同比 | — | 26.5% |
| 净利润同比 | 566.6% | 21.6% |
| 每股收益（稀释后） | $0.70 | $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ASBFSS
| Q1 26 | $383.0M | — | ||
| Q4 25 | $310.0M | $597.1M | ||
| Q3 25 | $305.2M | $555.0M | ||
| Q2 25 | $300.0M | $564.6M | ||
| Q1 25 | $285.9M | $463.8M | ||
| Q4 24 | $270.3M | $472.0M | ||
| Q3 24 | $329.7M | $474.2M | ||
| Q2 24 | $321.8M | $490.4M |
净利润ASBFSS
| Q1 26 | $119.6M | — | ||
| Q4 25 | $137.1M | $60.8M | ||
| Q3 25 | $124.7M | $68.1M | ||
| Q2 25 | $111.2M | $71.4M | ||
| Q1 25 | $101.7M | $46.3M | ||
| Q4 24 | $-161.6M | $50.0M | ||
| Q3 24 | $88.0M | $53.9M | ||
| Q2 24 | $115.6M | $60.8M |
毛利率ASBFSS
| Q1 26 | — | — | ||
| 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% |
营业利润率ASBFSS
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | 14.0% | ||
| Q3 25 | 50.5% | 16.9% | ||
| Q2 25 | 46.5% | 17.3% | ||
| Q1 25 | 42.3% | 14.2% | ||
| Q4 24 | -65.8% | 14.9% | ||
| Q3 24 | 32.8% | 16.0% | ||
| Q2 24 | 32.0% | 16.5% |
净利率ASBFSS
| Q1 26 | 31.2% | — | ||
| Q4 25 | 44.2% | 10.2% | ||
| Q3 25 | 40.9% | 12.3% | ||
| Q2 25 | 37.1% | 12.6% | ||
| Q1 25 | 35.6% | 10.0% | ||
| Q4 24 | -59.8% | 10.6% | ||
| Q3 24 | 26.7% | 11.4% | ||
| Q2 24 | 35.9% | 12.4% |
每股收益（稀释后）ASBFSS
| Q1 26 | $0.70 | — | ||
| Q4 25 | $0.80 | $0.99 | ||
| Q3 25 | $0.73 | $1.11 | ||
| Q2 25 | $0.65 | $1.16 | ||
| Q1 25 | $0.59 | $0.75 | ||
| Q4 24 | $-1.10 | $0.80 | ||
| Q3 24 | $0.56 | $0.87 | ||
| Q2 24 | $0.74 | $0.99 |
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 | — | $63.7M |
| 总债务越低越好 | — | $564.6M |
| 股东权益账面价值 | $5.0B | $1.4B |
| 总资产 | $45.6B | $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ASBFSS
| Q1 26 | — | — | ||
| Q4 25 | — | $63.7M | ||
| Q3 25 | — | $54.4M | ||
| Q2 25 | — | $64.7M | ||
| Q1 25 | — | $57.5M | ||
| Q4 24 | — | $91.1M | ||
| Q3 24 | — | $73.7M | ||
| Q2 24 | — | $48.6M |
总债务ASBFSS
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $564.6M | ||
| Q3 25 | $594.1M | $201.2M | ||
| Q2 25 | $593.5M | $258.3M | ||
| Q1 25 | $591.4M | $266.9M | ||
| Q4 24 | $1.4B | $204.4M | ||
| Q3 24 | $844.3M | $223.3M | ||
| Q2 24 | $536.1M | $248.8M |
股东权益ASBFSS
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $1.4B | ||
| Q3 25 | $4.9B | $1.3B | ||
| Q2 25 | $4.8B | $1.3B | ||
| Q1 25 | $4.7B | $1.2B | ||
| Q4 24 | $4.6B | $1.2B | ||
| Q3 24 | $4.4B | $1.1B | ||
| Q2 24 | $4.2B | $1.1B |
总资产ASBFSS
| Q1 26 | $45.6B | — | ||
| Q4 25 | $45.2B | $2.4B | ||
| Q3 25 | $44.5B | $1.9B | ||
| Q2 25 | $44.0B | $1.9B | ||
| Q1 25 | $43.3B | $1.9B | ||
| Q4 24 | $43.0B | $1.8B | ||
| Q3 24 | $42.2B | $1.7B | ||
| Q2 24 | $41.6B | $1.7B |
负债/权益比ASBFSS
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 0.41× | ||
| Q3 25 | 0.12× | 0.15× | ||
| Q2 25 | 0.12× | 0.20× | ||
| Q1 25 | 0.13× | 0.22× | ||
| Q4 24 | 0.31× | 0.17× | ||
| Q3 24 | 0.19× | 0.19× | ||
| Q2 24 | 0.13× | 0.23× |
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 | — | $97.2M |
| 自由现金流经营现金流 - 资本支出 | — | $89.5M |
| 自由现金流率自由现金流/营收 | — | 15.0% |
| 资本支出强度资本支出/营收 | — | 1.3% |
| 现金转化率经营现金流/净利润 | — | 1.60× |
| 过去12个月自由现金流最近4个季度 | — | $227.1M |
8季度趋势，按日历期对齐
经营现金流ASBFSS
| Q1 26 | — | — | ||
| Q4 25 | $218.1M | $97.2M | ||
| Q3 25 | $158.0M | $61.1M | ||
| Q2 25 | $141.5M | $59.7M | ||
| Q1 25 | $98.2M | $36.7M | ||
| Q4 24 | $207.1M | $90.6M | ||
| Q3 24 | $105.1M | $68.8M | ||
| Q2 24 | $113.5M | $40.6M |
自由现金流ASBFSS
| Q1 26 | — | — | ||
| 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 |
自由现金流率ASBFSS
| Q1 26 | — | — | ||
| 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% |
资本支出强度ASBFSS
| Q1 26 | — | — | ||
| 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% |
现金转化率ASBFSS
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | 1.60× | ||
| Q3 25 | 1.27× | 0.90× | ||
| Q2 25 | 1.27× | 0.84× | ||
| Q1 25 | 0.97× | 0.79× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 1.19× | 1.28× | ||
| Q2 24 | 0.98× | 0.67× |
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
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
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% |
