vs
F5, Inc.（FFIV）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
F5, Inc.的季度营收约是FEDERAL SIGNAL CORP的1.4倍（$822.5M vs $597.1M），F5, Inc.净利率更高（21.9% vs 10.2%，领先11.7%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 7.3%），F5, Inc.自由现金流更多（$149.5M vs $89.5M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 9.9%）
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
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。
FFIV vs FSS — 直观对比
营收规模更大
FFIV
是对方的1.4倍
$597.1M
营收增速更快
FSS
高出19.2%
7.3%
净利率更高
FFIV
高出11.7%
10.2%
自由现金流更多
FFIV
多$60.0M
$89.5M
两年增速更快
FSS
近两年复合增速
9.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $822.5M | $597.1M |
| 净利润 | $180.1M | $60.8M |
| 毛利率 | 81.5% | 28.4% |
| 营业利润率 | 26.0% | 14.0% |
| 净利率 | 21.9% | 10.2% |
| 营收同比 | 7.3% | 26.5% |
| 净利润同比 | 8.2% | 21.6% |
| 每股收益（稀释后） | $3.10 | $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FFIVFSS
| Q4 25 | $822.5M | $597.1M | ||
| Q3 25 | $810.1M | $555.0M | ||
| Q2 25 | $780.4M | $564.6M | ||
| Q1 25 | $731.1M | $463.8M | ||
| Q4 24 | $766.5M | $472.0M | ||
| Q3 24 | $746.7M | $474.2M | ||
| Q2 24 | $695.5M | $490.4M | ||
| Q1 24 | $681.4M | $424.9M |
净利润FFIVFSS
| Q4 25 | $180.1M | $60.8M | ||
| Q3 25 | $190.5M | $68.1M | ||
| Q2 25 | $189.9M | $71.4M | ||
| Q1 25 | $145.5M | $46.3M | ||
| Q4 24 | $166.4M | $50.0M | ||
| Q3 24 | $165.3M | $53.9M | ||
| Q2 24 | $144.1M | $60.8M | ||
| Q1 24 | $119.0M | $51.6M |
毛利率FFIVFSS
| Q4 25 | 81.5% | 28.4% | ||
| Q3 25 | 82.2% | 29.1% | ||
| Q2 25 | 81.0% | 30.0% | ||
| Q1 25 | 80.7% | 28.2% | ||
| Q4 24 | 81.7% | 28.1% | ||
| Q3 24 | 80.8% | 29.6% | ||
| Q2 24 | 80.4% | 29.4% | ||
| Q1 24 | 79.3% | 27.3% |
营业利润率FFIVFSS
| Q4 25 | 26.0% | 14.0% | ||
| Q3 25 | 25.4% | 16.9% | ||
| Q2 25 | 25.2% | 17.3% | ||
| Q1 25 | 21.7% | 14.2% | ||
| Q4 24 | 26.8% | 14.9% | ||
| Q3 24 | 25.6% | 16.0% | ||
| Q2 24 | 23.4% | 16.5% | ||
| Q1 24 | 20.5% | 12.8% |
净利率FFIVFSS
| Q4 25 | 21.9% | 10.2% | ||
| Q3 25 | 23.5% | 12.3% | ||
| Q2 25 | 24.3% | 12.6% | ||
| Q1 25 | 19.9% | 10.0% | ||
| Q4 24 | 21.7% | 10.6% | ||
| Q3 24 | 22.1% | 11.4% | ||
| Q2 24 | 20.7% | 12.4% | ||
| Q1 24 | 17.5% | 12.1% |
每股收益（稀释后）FFIVFSS
| Q4 25 | $3.10 | $0.99 | ||
| Q3 25 | $3.25 | $1.11 | ||
| Q2 25 | $3.25 | $1.16 | ||
| Q1 25 | $2.48 | $0.75 | ||
| Q4 24 | $2.82 | $0.80 | ||
| Q3 24 | $2.79 | $0.87 | ||
| Q2 24 | $2.44 | $0.99 | ||
| Q1 24 | $2.00 | $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 | $1.2B | $63.7M |
| 总债务越低越好 | — | $564.6M |
| 股东权益账面价值 | $3.5B | $1.4B |
| 总资产 | $6.3B | $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FFIVFSS
| Q4 25 | $1.2B | $63.7M | ||
| Q3 25 | $1.3B | $54.4M | ||
| Q2 25 | $1.4B | $64.7M | ||
| Q1 25 | $1.3B | $57.5M | ||
| Q4 24 | $1.2B | $91.1M | ||
| Q3 24 | $1.1B | $73.7M | ||
| Q2 24 | $935.6M | $48.6M | ||
| Q1 24 | $903.5M | $48.9M |
总债务FFIVFSS
| 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 |
股东权益FFIVFSS
| Q4 25 | $3.5B | $1.4B | ||
| Q3 25 | $3.6B | $1.3B | ||
| Q2 25 | $3.5B | $1.3B | ||
| Q1 25 | $3.3B | $1.2B | ||
| Q4 24 | $3.2B | $1.2B | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $3.0B | $1.1B | ||
| Q1 24 | $2.9B | $1.0B |
总资产FFIVFSS
| Q4 25 | $6.3B | $2.4B | ||
| Q3 25 | $6.3B | $1.9B | ||
| Q2 25 | $6.1B | $1.9B | ||
| Q1 25 | $5.9B | $1.9B | ||
| Q4 24 | $5.9B | $1.8B | ||
| Q3 24 | $5.6B | $1.7B | ||
| Q2 24 | $5.4B | $1.7B | ||
| Q1 24 | $5.4B | $1.7B |
负债/权益比FFIVFSS
| 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× |
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 | $159.2M | $97.2M |
| 自由现金流经营现金流 - 资本支出 | $149.5M | $89.5M |
| 自由现金流率自由现金流/营收 | 18.2% | 15.0% |
| 资本支出强度资本支出/营收 | 1.2% | 1.3% |
| 现金转化率经营现金流/净利润 | 0.88× | 1.60× |
| 过去12个月自由现金流最近4个季度 | $861.2M | $227.1M |
8季度趋势，按日历期对齐
经营现金流FFIVFSS
| Q4 25 | $159.2M | $97.2M | ||
| Q3 25 | $208.1M | $61.1M | ||
| Q2 25 | $282.2M | $59.7M | ||
| Q1 25 | $256.6M | $36.7M | ||
| Q4 24 | $202.8M | $90.6M | ||
| Q3 24 | $246.5M | $68.8M | ||
| Q2 24 | $159.0M | $40.6M | ||
| Q1 24 | $221.6M | $31.3M |
自由现金流FFIVFSS
| Q4 25 | $149.5M | $89.5M | ||
| Q3 25 | $191.9M | $54.1M | ||
| Q2 25 | $273.7M | $52.4M | ||
| Q1 25 | $246.1M | $31.1M | ||
| Q4 24 | $194.7M | $82.1M | ||
| Q3 24 | $240.4M | $60.9M | ||
| Q2 24 | $153.1M | $24.8M | ||
| Q1 24 | $212.2M | $22.9M |
自由现金流率FFIVFSS
| Q4 25 | 18.2% | 15.0% | ||
| Q3 25 | 23.7% | 9.7% | ||
| Q2 25 | 35.1% | 9.3% | ||
| Q1 25 | 33.7% | 6.7% | ||
| Q4 24 | 25.4% | 17.4% | ||
| Q3 24 | 32.2% | 12.8% | ||
| Q2 24 | 22.0% | 5.1% | ||
| Q1 24 | 31.1% | 5.4% |
资本支出强度FFIVFSS
| Q4 25 | 1.2% | 1.3% | ||
| Q3 25 | 2.0% | 1.3% | ||
| Q2 25 | 1.1% | 1.3% | ||
| Q1 25 | 1.4% | 1.2% | ||
| Q4 24 | 1.1% | 1.8% | ||
| Q3 24 | 0.8% | 1.7% | ||
| Q2 24 | 0.8% | 3.2% | ||
| Q1 24 | 1.4% | 2.0% |
现金转化率FFIVFSS
| Q4 25 | 0.88× | 1.60× | ||
| Q3 25 | 1.09× | 0.90× | ||
| Q2 25 | 1.49× | 0.84× | ||
| Q1 25 | 1.76× | 0.79× | ||
| Q4 24 | 1.22× | 1.81× | ||
| Q3 24 | 1.49× | 1.28× | ||
| Q2 24 | 1.10× | 0.67× | ||
| Q1 24 | 1.86× | 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
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
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% |
