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DT Midstream, Inc.（DTM）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DT Midstream, Inc.的1.9倍（$597.1M vs $317.0M），DT Midstream, Inc.净利率更高（35.0% vs 10.2%，领先24.8%），DT Midstream, Inc.同比增速更快（27.3% vs 26.5%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $30.0M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 14.9%）
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
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。
DTM vs FSS — 直观对比
营收规模更大
FSS
是对方的1.9倍
$317.0M
营收增速更快
DTM
高出0.8%
26.5%
净利率更高
DTM
高出24.8%
10.2%
自由现金流更多
FSS
多$59.5M
$30.0M
两年增速更快
FSS
近两年复合增速
14.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $597.1M |
| 净利润 | $111.0M | $60.8M |
| 毛利率 | — | 28.4% |
| 营业利润率 | 49.2% | 14.0% |
| 净利率 | 35.0% | 10.2% |
| 营收同比 | 27.3% | 26.5% |
| 净利润同比 | 52.1% | 21.6% |
| 每股收益（稀释后） | $1.07 | $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DTMFSS
| Q4 25 | $317.0M | $597.1M | ||
| Q3 25 | $314.0M | $555.0M | ||
| Q2 25 | $309.0M | $564.6M | ||
| Q1 25 | $303.0M | $463.8M | ||
| Q4 24 | $249.0M | $472.0M | ||
| Q3 24 | $248.0M | $474.2M | ||
| Q2 24 | $244.0M | $490.4M | ||
| Q1 24 | $240.0M | $424.9M |
净利润DTMFSS
| Q4 25 | $111.0M | $60.8M | ||
| Q3 25 | $115.0M | $68.1M | ||
| Q2 25 | $107.0M | $71.4M | ||
| Q1 25 | $108.0M | $46.3M | ||
| Q4 24 | $73.0M | $50.0M | ||
| Q3 24 | $88.0M | $53.9M | ||
| Q2 24 | $96.0M | $60.8M | ||
| Q1 24 | $97.0M | $51.6M |
毛利率DTMFSS
| 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% |
营业利润率DTMFSS
| Q4 25 | 49.2% | 14.0% | ||
| Q3 25 | 49.4% | 16.9% | ||
| Q2 25 | 50.2% | 17.3% | ||
| Q1 25 | 48.8% | 14.2% | ||
| Q4 24 | 45.4% | 14.9% | ||
| Q3 24 | 49.2% | 16.0% | ||
| Q2 24 | 53.3% | 16.5% | ||
| Q1 24 | 51.7% | 12.8% |
净利率DTMFSS
| Q4 25 | 35.0% | 10.2% | ||
| Q3 25 | 36.6% | 12.3% | ||
| Q2 25 | 34.6% | 12.6% | ||
| Q1 25 | 35.6% | 10.0% | ||
| Q4 24 | 29.3% | 10.6% | ||
| Q3 24 | 35.5% | 11.4% | ||
| Q2 24 | 39.3% | 12.4% | ||
| Q1 24 | 40.4% | 12.1% |
每股收益（稀释后）DTMFSS
| Q4 25 | $1.07 | $0.99 | ||
| Q3 25 | $1.13 | $1.11 | ||
| Q2 25 | $1.04 | $1.16 | ||
| Q1 25 | $1.06 | $0.75 | ||
| Q4 24 | $0.73 | $0.80 | ||
| Q3 24 | $0.90 | $0.87 | ||
| Q2 24 | $0.98 | $0.99 | ||
| Q1 24 | $0.99 | $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 | $54.0M | $63.7M |
| 总债务越低越好 | — | $564.6M |
| 股东权益账面价值 | $4.7B | $1.4B |
| 总资产 | $10.1B | $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DTMFSS
| Q4 25 | $54.0M | $63.7M | ||
| Q3 25 | $98.0M | $54.4M | ||
| Q2 25 | $74.0M | $64.7M | ||
| Q1 25 | $83.0M | $57.5M | ||
| Q4 24 | $68.0M | $91.1M | ||
| Q3 24 | $77.0M | $73.7M | ||
| Q2 24 | $73.0M | $48.6M | ||
| Q1 24 | $41.0M | $48.9M |
总债务DTMFSS
| Q4 25 | — | $564.6M | ||
| Q3 25 | — | $201.2M | ||
| Q2 25 | — | $258.3M | ||
| Q1 25 | — | $266.9M | ||
| Q4 24 | $3.4B | $204.4M | ||
| Q3 24 | — | $223.3M | ||
| Q2 24 | — | $248.8M | ||
| Q1 24 | — | $266.8M |
股东权益DTMFSS
| Q4 25 | $4.7B | $1.4B | ||
| Q3 25 | $4.7B | $1.3B | ||
| Q2 25 | $4.7B | $1.3B | ||
| Q1 25 | $4.6B | $1.2B | ||
| Q4 24 | $4.6B | $1.2B | ||
| Q3 24 | $4.2B | $1.1B | ||
| Q2 24 | $4.2B | $1.1B | ||
| Q1 24 | $4.2B | $1.0B |
总资产DTMFSS
| Q4 25 | $10.1B | $2.4B | ||
| Q3 25 | $10.1B | $1.9B | ||
| Q2 25 | $10.0B | $1.9B | ||
| Q1 25 | $9.9B | $1.9B | ||
| Q4 24 | $9.9B | $1.8B | ||
| Q3 24 | $8.6B | $1.7B | ||
| Q2 24 | $9.0B | $1.7B | ||
| Q1 24 | $9.0B | $1.7B |
负债/权益比DTMFSS
| Q4 25 | — | 0.41× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | 0.72× | 0.17× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 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 | $161.0M | $97.2M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $89.5M |
| 自由现金流率自由现金流/营收 | 9.5% | 15.0% |
| 资本支出强度资本支出/营收 | 41.3% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.45× | 1.60× |
| 过去12个月自由现金流最近4个季度 | $441.0M | $227.1M |
8季度趋势，按日历期对齐
经营现金流DTMFSS
| Q4 25 | $161.0M | $97.2M | ||
| Q3 25 | $274.0M | $61.1M | ||
| Q2 25 | $185.0M | $59.7M | ||
| Q1 25 | $247.0M | $36.7M | ||
| Q4 24 | $152.0M | $90.6M | ||
| Q3 24 | $205.0M | $68.8M | ||
| Q2 24 | $165.0M | $40.6M | ||
| Q1 24 | $241.0M | $31.3M |
自由现金流DTMFSS
| Q4 25 | $30.0M | $89.5M | ||
| Q3 25 | $131.0M | $54.1M | ||
| Q2 25 | $104.0M | $52.4M | ||
| Q1 25 | $176.0M | $31.1M | ||
| Q4 24 | $62.0M | $82.1M | ||
| Q3 24 | $124.0M | $60.9M | ||
| Q2 24 | $84.0M | $24.8M | ||
| Q1 24 | $143.0M | $22.9M |
自由现金流率DTMFSS
| Q4 25 | 9.5% | 15.0% | ||
| Q3 25 | 41.7% | 9.7% | ||
| Q2 25 | 33.7% | 9.3% | ||
| Q1 25 | 58.1% | 6.7% | ||
| Q4 24 | 24.9% | 17.4% | ||
| Q3 24 | 50.0% | 12.8% | ||
| Q2 24 | 34.4% | 5.1% | ||
| Q1 24 | 59.6% | 5.4% |
资本支出强度DTMFSS
| Q4 25 | 41.3% | 1.3% | ||
| Q3 25 | 45.5% | 1.3% | ||
| Q2 25 | 26.2% | 1.3% | ||
| Q1 25 | 23.4% | 1.2% | ||
| Q4 24 | 36.1% | 1.8% | ||
| Q3 24 | 32.7% | 1.7% | ||
| Q2 24 | 33.2% | 3.2% | ||
| Q1 24 | 40.8% | 2.0% |
现金转化率DTMFSS
| Q4 25 | 1.45× | 1.60× | ||
| Q3 25 | 2.38× | 0.90× | ||
| Q2 25 | 1.73× | 0.84× | ||
| Q1 25 | 2.29× | 0.79× | ||
| Q4 24 | 2.08× | 1.81× | ||
| Q3 24 | 2.33× | 1.28× | ||
| Q2 24 | 1.72× | 0.67× | ||
| Q1 24 | 2.48× | 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
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
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% |
