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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）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
BRIGHT HORIZONS FAMILY SOLUTIONS INC.的季度营收约是FEDERAL SIGNAL CORP的1.2倍（$733.7M vs $597.1M），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 8.8%），BRIGHT HORIZONS FAMILY SOLUTIONS INC.自由现金流更多（$258.5M vs $89.5M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 8.5%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
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。
BFAM vs FSS — 直观对比
营收规模更大
BFAM
是对方的1.2倍
$597.1M
营收增速更快
FSS
高出17.7%
8.8%
自由现金流更多
BFAM
多$169.0M
$89.5M
两年增速更快
FSS
近两年复合增速
8.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $597.1M |
| 净利润 | — | $60.8M |
| 毛利率 | 19.3% | 28.4% |
| 营业利润率 | 6.2% | 14.0% |
| 净利率 | — | 10.2% |
| 营收同比 | 8.8% | 26.5% |
| 净利润同比 | — | 21.6% |
| 每股收益（稀释后） | $0.38 | $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BFAMFSS
| Q4 25 | $733.7M | $597.1M | ||
| Q3 25 | $802.8M | $555.0M | ||
| Q2 25 | $731.6M | $564.6M | ||
| Q1 25 | $665.5M | $463.8M | ||
| Q4 24 | $674.1M | $472.0M | ||
| Q3 24 | $719.1M | $474.2M | ||
| Q2 24 | $670.1M | $490.4M | ||
| Q1 24 | $622.7M | $424.9M |
净利润BFAMFSS
| Q4 25 | — | $60.8M | ||
| Q3 25 | $78.6M | $68.1M | ||
| Q2 25 | $54.8M | $71.4M | ||
| Q1 25 | $38.0M | $46.3M | ||
| Q4 24 | — | $50.0M | ||
| Q3 24 | $54.9M | $53.9M | ||
| Q2 24 | $39.2M | $60.8M | ||
| Q1 24 | $17.0M | $51.6M |
毛利率BFAMFSS
| Q4 25 | 19.3% | 28.4% | ||
| Q3 25 | 27.0% | 29.1% | ||
| Q2 25 | 25.0% | 30.0% | ||
| Q1 25 | 23.4% | 28.2% | ||
| Q4 24 | 20.8% | 28.1% | ||
| Q3 24 | 25.2% | 29.6% | ||
| Q2 24 | 24.2% | 29.4% | ||
| Q1 24 | 21.7% | 27.3% |
营业利润率BFAMFSS
| Q4 25 | 6.2% | 14.0% | ||
| Q3 25 | 15.1% | 16.9% | ||
| Q2 25 | 11.8% | 17.3% | ||
| Q1 25 | 9.4% | 14.2% | ||
| Q4 24 | 7.2% | 14.9% | ||
| Q3 24 | 12.4% | 16.0% | ||
| Q2 24 | 10.3% | 16.5% | ||
| Q1 24 | 6.4% | 12.8% |
净利率BFAMFSS
| Q4 25 | — | 10.2% | ||
| Q3 25 | 9.8% | 12.3% | ||
| Q2 25 | 7.5% | 12.6% | ||
| Q1 25 | 5.7% | 10.0% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | 7.6% | 11.4% | ||
| Q2 24 | 5.8% | 12.4% | ||
| Q1 24 | 2.7% | 12.1% |
每股收益（稀释后）BFAMFSS
| Q4 25 | $0.38 | $0.99 | ||
| Q3 25 | $1.37 | $1.11 | ||
| Q2 25 | $0.95 | $1.16 | ||
| Q1 25 | $0.66 | $0.75 | ||
| Q4 24 | $0.50 | $0.80 | ||
| Q3 24 | $0.94 | $0.87 | ||
| Q2 24 | $0.67 | $0.99 | ||
| Q1 24 | $0.29 | $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 | $140.1M | $63.7M |
| 总债务越低越好 | $747.6M | $564.6M |
| 股东权益账面价值 | $1.3B | $1.4B |
| 总资产 | $3.9B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资BFAMFSS
| Q4 25 | $140.1M | $63.7M | ||
| Q3 25 | $116.6M | $54.4M | ||
| Q2 25 | $179.2M | $64.7M | ||
| Q1 25 | $112.0M | $57.5M | ||
| Q4 24 | $110.3M | $91.1M | ||
| Q3 24 | $109.9M | $73.7M | ||
| Q2 24 | $140.2M | $48.6M | ||
| Q1 24 | $63.7M | $48.9M |
总债务BFAMFSS
| Q4 25 | $747.6M | $564.6M | ||
| Q3 25 | $747.5M | $201.2M | ||
| Q2 25 | $797.0M | $258.3M | ||
| Q1 25 | $872.7M | $266.9M | ||
| Q4 24 | $918.4M | $204.4M | ||
| Q3 24 | $925.7M | $223.3M | ||
| Q2 24 | $931.9M | $248.8M | ||
| Q1 24 | $938.1M | $266.8M |
股东权益BFAMFSS
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.2B | $1.0B |
总资产BFAMFSS
| Q4 25 | $3.9B | $2.4B | ||
| Q3 25 | $3.9B | $1.9B | ||
| Q2 25 | $3.9B | $1.9B | ||
| Q1 25 | $3.8B | $1.9B | ||
| Q4 24 | $3.9B | $1.8B | ||
| Q3 24 | $3.9B | $1.7B | ||
| Q2 24 | $3.8B | $1.7B | ||
| Q1 24 | $3.8B | $1.7B |
负债/权益比BFAMFSS
| Q4 25 | 0.56× | 0.41× | ||
| Q3 25 | 0.52× | 0.15× | ||
| Q2 25 | 0.57× | 0.20× | ||
| Q1 25 | 0.66× | 0.22× | ||
| Q4 24 | 0.72× | 0.17× | ||
| Q3 24 | 0.66× | 0.19× | ||
| Q2 24 | 0.73× | 0.23× | ||
| Q1 24 | 0.76× | 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 | $350.7M | $97.2M |
| 自由现金流经营现金流 - 资本支出 | $258.5M | $89.5M |
| 自由现金流率自由现金流/营收 | 35.2% | 15.0% |
| 资本支出强度资本支出/营收 | 12.6% | 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 | $402.4M | $227.1M |
8季度趋势，按日历期对齐
经营现金流BFAMFSS
| Q4 25 | $350.7M | $97.2M | ||
| Q3 25 | $-17.6M | $61.1M | ||
| Q2 25 | $134.2M | $59.7M | ||
| Q1 25 | $86.2M | $36.7M | ||
| Q4 24 | $337.5M | $90.6M | ||
| Q3 24 | $-8.9M | $68.8M | ||
| Q2 24 | $109.4M | $40.6M | ||
| Q1 24 | $116.3M | $31.3M |
自由现金流BFAMFSS
| Q4 25 | $258.5M | $89.5M | ||
| Q3 25 | $-42.4M | $54.1M | ||
| Q2 25 | $115.4M | $52.4M | ||
| Q1 25 | $70.9M | $31.1M | ||
| Q4 24 | $240.2M | $82.1M | ||
| Q3 24 | $-32.2M | $60.9M | ||
| Q2 24 | $86.8M | $24.8M | ||
| Q1 24 | $96.9M | $22.9M |
自由现金流率BFAMFSS
| Q4 25 | 35.2% | 15.0% | ||
| Q3 25 | -5.3% | 9.7% | ||
| Q2 25 | 15.8% | 9.3% | ||
| Q1 25 | 10.7% | 6.7% | ||
| Q4 24 | 35.6% | 17.4% | ||
| Q3 24 | -4.5% | 12.8% | ||
| Q2 24 | 13.0% | 5.1% | ||
| Q1 24 | 15.6% | 5.4% |
资本支出强度BFAMFSS
| Q4 25 | 12.6% | 1.3% | ||
| Q3 25 | 3.1% | 1.3% | ||
| Q2 25 | 2.6% | 1.3% | ||
| Q1 25 | 2.3% | 1.2% | ||
| Q4 24 | 14.4% | 1.8% | ||
| Q3 24 | 3.2% | 1.7% | ||
| Q2 24 | 3.4% | 3.2% | ||
| Q1 24 | 3.1% | 2.0% |
现金转化率BFAMFSS
| Q4 25 | — | 1.60× | ||
| Q3 25 | -0.22× | 0.90× | ||
| Q2 25 | 2.45× | 0.84× | ||
| Q1 25 | 2.26× | 0.79× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | -0.16× | 1.28× | ||
| Q2 24 | 2.79× | 0.67× | ||
| Q1 24 | 6.85× | 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
BFAM
暂无分部数据
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% |
