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第一太阳能（FSLR）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
第一太阳能的季度营收约是FEDERAL SIGNAL CORP的1.7倍（$1.0B vs $597.1M），第一太阳能净利率更高（33.2% vs 10.2%，领先23.0%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 23.6%），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 1.7%）
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
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。
FSLR vs FSS — 直观对比
营收规模更大
FSLR
是对方的1.7倍
$597.1M
营收增速更快
FSS
高出2.9%
23.6%
净利率更高
FSLR
高出23.0%
10.2%
两年增速更快
FSS
近两年复合增速
1.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $597.1M |
| 净利润 | $346.6M | $60.8M |
| 毛利率 | 46.6% | 28.4% |
| 营业利润率 | 33.1% | 14.0% |
| 净利率 | 33.2% | 10.2% |
| 营收同比 | 23.6% | 26.5% |
| 净利润同比 | 65.4% | 21.6% |
| 每股收益（稀释后） | $3.22 | $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FSLRFSS
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.7B | $597.1M | ||
| Q3 25 | $1.6B | $555.0M | ||
| Q2 25 | $1.1B | $564.6M | ||
| Q1 25 | $844.6M | $463.8M | ||
| Q4 24 | $1.5B | $472.0M | ||
| Q3 24 | $887.7M | $474.2M | ||
| Q2 24 | $1.0B | $490.4M |
净利润FSLRFSS
| Q1 26 | $346.6M | — | ||
| Q4 25 | $520.9M | $60.8M | ||
| Q3 25 | $455.9M | $68.1M | ||
| Q2 25 | $341.9M | $71.4M | ||
| Q1 25 | $209.5M | $46.3M | ||
| Q4 24 | $393.1M | $50.0M | ||
| Q3 24 | $313.0M | $53.9M | ||
| Q2 24 | $349.4M | $60.8M |
毛利率FSLRFSS
| Q1 26 | 46.6% | — | ||
| Q4 25 | 39.5% | 28.4% | ||
| Q3 25 | 38.3% | 29.1% | ||
| Q2 25 | 45.6% | 30.0% | ||
| Q1 25 | 40.8% | 28.2% | ||
| Q4 24 | 37.5% | 28.1% | ||
| Q3 24 | 50.2% | 29.6% | ||
| Q2 24 | 49.4% | 29.4% |
营业利润率FSLRFSS
| Q1 26 | 33.1% | — | ||
| Q4 25 | 32.6% | 14.0% | ||
| Q3 25 | 29.2% | 16.9% | ||
| Q2 25 | 33.0% | 17.3% | ||
| Q1 25 | 26.2% | 14.2% | ||
| Q4 24 | 30.2% | 14.9% | ||
| Q3 24 | 36.3% | 16.0% | ||
| Q2 24 | 36.9% | 16.5% |
净利率FSLRFSS
| Q1 26 | 33.2% | — | ||
| Q4 25 | 31.0% | 10.2% | ||
| Q3 25 | 28.6% | 12.3% | ||
| Q2 25 | 31.2% | 12.6% | ||
| Q1 25 | 24.8% | 10.0% | ||
| Q4 24 | 26.0% | 10.6% | ||
| Q3 24 | 35.3% | 11.4% | ||
| Q2 24 | 34.6% | 12.4% |
每股收益（稀释后）FSLRFSS
| Q1 26 | $3.22 | — | ||
| Q4 25 | $4.84 | $0.99 | ||
| Q3 25 | $4.24 | $1.11 | ||
| Q2 25 | $3.18 | $1.16 | ||
| Q1 25 | $1.95 | $0.75 | ||
| Q4 24 | $3.66 | $0.80 | ||
| Q3 24 | $2.91 | $0.87 | ||
| Q2 24 | $3.25 | $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 | $2.4B | $63.7M |
| 总债务越低越好 | $425.8M | $564.6M |
| 股东权益账面价值 | $9.9B | $1.4B |
| 总资产 | $13.4B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资FSLRFSS
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.8B | $63.7M | ||
| Q3 25 | $2.0B | $54.4M | ||
| Q2 25 | $1.1B | $64.7M | ||
| Q1 25 | $837.6M | $57.5M | ||
| Q4 24 | $1.6B | $91.1M | ||
| Q3 24 | $1.0B | $73.7M | ||
| Q2 24 | $1.7B | $48.6M |
总债务FSLRFSS
| Q1 26 | $425.8M | — | ||
| 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 |
股东权益FSLRFSS
| Q1 26 | $9.9B | — | ||
| Q4 25 | $9.5B | $1.4B | ||
| Q3 25 | $9.0B | $1.3B | ||
| Q2 25 | $8.5B | $1.3B | ||
| Q1 25 | $8.2B | $1.2B | ||
| Q4 24 | $8.0B | $1.2B | ||
| Q3 24 | $7.6B | $1.1B | ||
| Q2 24 | $7.3B | $1.1B |
总资产FSLRFSS
| Q1 26 | $13.4B | — | ||
| Q4 25 | $13.3B | $2.4B | ||
| Q3 25 | $13.5B | $1.9B | ||
| Q2 25 | $12.9B | $1.9B | ||
| Q1 25 | $12.1B | $1.9B | ||
| Q4 24 | $12.1B | $1.8B | ||
| Q3 24 | $11.4B | $1.7B | ||
| Q2 24 | $11.0B | $1.7B |
负债/权益比FSLRFSS
| Q1 26 | 0.04× | — | ||
| 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× |
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 | $-214.9M | $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 | -0.62× | 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FSLRFSS
| Q1 26 | $-214.9M | — | ||
| Q4 25 | $1.2B | $97.2M | ||
| Q3 25 | $1.3B | $61.1M | ||
| Q2 25 | $149.6M | $59.7M | ||
| Q1 25 | $-608.0M | $36.7M | ||
| Q4 24 | $811.0M | $90.6M | ||
| Q3 24 | $-53.7M | $68.8M | ||
| Q2 24 | $193.0M | $40.6M |
自由现金流FSLRFSS
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $89.5M | ||
| Q3 25 | $1.1B | $54.1M | ||
| Q2 25 | $-138.6M | $52.4M | ||
| Q1 25 | $-813.9M | $31.1M | ||
| Q4 24 | $497.5M | $82.1M | ||
| Q3 24 | $-487.7M | $60.9M | ||
| Q2 24 | $-172.1M | $24.8M |
自由现金流率FSLRFSS
| Q1 26 | — | — | ||
| Q4 25 | 63.6% | 15.0% | ||
| Q3 25 | 67.1% | 9.7% | ||
| Q2 25 | -12.6% | 9.3% | ||
| Q1 25 | -96.4% | 6.7% | ||
| Q4 24 | 32.9% | 17.4% | ||
| Q3 24 | -54.9% | 12.8% | ||
| Q2 24 | -17.0% | 5.1% |
资本支出强度FSLRFSS
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 1.3% | ||
| Q3 25 | 12.8% | 1.3% | ||
| Q2 25 | 26.3% | 1.3% | ||
| Q1 25 | 24.4% | 1.2% | ||
| Q4 24 | 20.7% | 1.8% | ||
| Q3 24 | 48.9% | 1.7% | ||
| Q2 24 | 36.1% | 3.2% |
现金转化率FSLRFSS
| Q1 26 | -0.62× | — | ||
| Q4 25 | 2.38× | 1.60× | ||
| Q3 25 | 2.79× | 0.90× | ||
| Q2 25 | 0.44× | 0.84× | ||
| Q1 25 | -2.90× | 0.79× | ||
| Q4 24 | 2.06× | 1.81× | ||
| Q3 24 | -0.17× | 1.28× | ||
| Q2 24 | 0.55× | 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
FSLR
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% |
