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FEDERAL SIGNAL CORP（FSS）与Mativ Holdings, Inc.（MATV）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Mativ Holdings, Inc.的1.3倍（$597.1M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 10.2%，领先11.6%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 1.0%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $8.0M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs -3.8%）
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。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
FSS vs MATV — 直观对比
营收规模更大
FSS
是对方的1.3倍
$463.1M
营收增速更快
FSS
高出25.5%
1.0%
净利率更高
MATV
高出11.6%
10.2%
自由现金流更多
FSS
多$81.5M
$8.0M
两年增速更快
FSS
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $463.1M |
| 净利润 | $60.8M | $100.8M |
| 毛利率 | 28.4% | 18.8% |
| 营业利润率 | 14.0% | 2.2% |
| 净利率 | 10.2% | 21.8% |
| 营收同比 | 26.5% | 1.0% |
| 净利润同比 | 21.6% | 6620.0% |
| 每股收益（稀释后） | $0.99 | $1.87 |
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FSSMATV
| Q4 25 | $597.1M | $463.1M | ||
| Q3 25 | $555.0M | $513.7M | ||
| Q2 25 | $564.6M | $525.4M | ||
| Q1 25 | $463.8M | $484.8M | ||
| Q4 24 | $472.0M | $458.6M | ||
| Q3 24 | $474.2M | $498.5M | ||
| Q2 24 | $490.4M | $523.8M | ||
| Q1 24 | $424.9M | $500.2M |
净利润FSSMATV
| Q4 25 | $60.8M | $100.8M | ||
| Q3 25 | $68.1M | $-3.2M | ||
| Q2 25 | $71.4M | $-9.5M | ||
| Q1 25 | $46.3M | $-425.5M | ||
| Q4 24 | $50.0M | $1.5M | ||
| Q3 24 | $53.9M | $-20.8M | ||
| Q2 24 | $60.8M | $-1.4M | ||
| Q1 24 | $51.6M | $-28.0M |
毛利率FSSMATV
| Q4 25 | 28.4% | 18.8% | ||
| Q3 25 | 29.1% | 19.3% | ||
| Q2 25 | 30.0% | 19.7% | ||
| Q1 25 | 28.2% | 15.0% | ||
| Q4 24 | 28.1% | 16.9% | ||
| Q3 24 | 29.6% | 18.8% | ||
| Q2 24 | 29.4% | 20.8% | ||
| Q1 24 | 27.3% | 16.8% |
营业利润率FSSMATV
| Q4 25 | 14.0% | 2.2% | ||
| Q3 25 | 16.9% | 3.1% | ||
| Q2 25 | 17.3% | 3.8% | ||
| Q1 25 | 14.2% | -88.8% | ||
| Q4 24 | 14.9% | 0.6% | ||
| Q3 24 | 16.0% | 1.4% | ||
| Q2 24 | 16.5% | 2.0% | ||
| Q1 24 | 12.8% | -2.8% |
净利率FSSMATV
| Q4 25 | 10.2% | 21.8% | ||
| Q3 25 | 12.3% | -0.6% | ||
| Q2 25 | 12.6% | -1.8% | ||
| Q1 25 | 10.0% | -87.8% | ||
| Q4 24 | 10.6% | 0.3% | ||
| Q3 24 | 11.4% | -4.2% | ||
| Q2 24 | 12.4% | -0.3% | ||
| Q1 24 | 12.1% | -5.6% |
每股收益（稀释后）FSSMATV
| Q4 25 | $0.99 | $1.87 | ||
| Q3 25 | $1.11 | $-0.06 | ||
| Q2 25 | $1.16 | $-0.18 | ||
| Q1 25 | $0.75 | $-7.82 | ||
| Q4 24 | $0.80 | $0.03 | ||
| Q3 24 | $0.87 | $-0.38 | ||
| Q2 24 | $0.99 | $-0.03 | ||
| Q1 24 | $0.84 | $-0.52 |
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 | $84.2M |
| 总债务越低越好 | $564.6M | $1.0B |
| 股东权益账面价值 | $1.4B | $498.7M |
| 总资产 | $2.4B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.41× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资FSSMATV
| Q4 25 | $63.7M | $84.2M | ||
| Q3 25 | $54.4M | $97.1M | ||
| Q2 25 | $64.7M | $95.6M | ||
| Q1 25 | $57.5M | $84.0M | ||
| Q4 24 | $91.1M | $94.3M | ||
| Q3 24 | $73.7M | $162.2M | ||
| Q2 24 | $48.6M | $133.4M | ||
| Q1 24 | $48.9M | $128.9M |
总债务FSSMATV
| Q4 25 | $564.6M | $1.0B | ||
| Q3 25 | $201.2M | $1.0B | ||
| Q2 25 | $258.3M | $1.1B | ||
| Q1 25 | $266.9M | $1.1B | ||
| Q4 24 | $204.4M | $1.1B | ||
| Q3 24 | $223.3M | $1.2B | ||
| Q2 24 | $248.8M | $1.2B | ||
| Q1 24 | $266.8M | $1.2B |
股东权益FSSMATV
| Q4 25 | $1.4B | $498.7M | ||
| Q3 25 | $1.3B | $397.4M | ||
| Q2 25 | $1.3B | $416.6M | ||
| Q1 25 | $1.2B | $428.2M | ||
| Q4 24 | $1.2B | $858.5M | ||
| Q3 24 | $1.1B | $882.3M | ||
| Q2 24 | $1.1B | $898.0M | ||
| Q1 24 | $1.0B | $906.9M |
总资产FSSMATV
| Q4 25 | $2.4B | $2.1B | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.7B | $2.6B | ||
| Q2 24 | $1.7B | $2.6B | ||
| Q1 24 | $1.7B | $2.7B |
负债/权益比FSSMATV
| Q4 25 | 0.41× | 2.07× | ||
| Q3 25 | 0.15× | 2.63× | ||
| Q2 25 | 0.20× | 2.66× | ||
| Q1 25 | 0.22× | 2.67× | ||
| Q4 24 | 0.17× | 1.30× | ||
| Q3 24 | 0.19× | 1.32× | ||
| Q2 24 | 0.23× | 1.29× | ||
| Q1 24 | 0.26× | 1.30× |
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 | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $8.0M |
| 自由现金流率自由现金流/营收 | 15.0% | 1.7% |
| 资本支出强度资本支出/营收 | 1.3% | 2.4% |
| 现金转化率经营现金流/净利润 | 1.60× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $227.1M | $93.8M |
8季度趋势，按日历期对齐
经营现金流FSSMATV
| Q4 25 | $97.2M | $19.3M | ||
| Q3 25 | $61.1M | $72.8M | ||
| Q2 25 | $59.7M | $57.6M | ||
| Q1 25 | $36.7M | $-15.9M | ||
| Q4 24 | $90.6M | $24.1M | ||
| Q3 24 | $68.8M | $37.6M | ||
| Q2 24 | $40.6M | $46.1M | ||
| Q1 24 | $31.3M | $-13.0M |
自由现金流FSSMATV
| Q4 25 | $89.5M | $8.0M | ||
| Q3 25 | $54.1M | $66.7M | ||
| Q2 25 | $52.4M | $48.9M | ||
| Q1 25 | $31.1M | $-29.8M | ||
| Q4 24 | $82.1M | $2.0M | ||
| Q3 24 | $60.9M | $25.5M | ||
| Q2 24 | $24.8M | $37.4M | ||
| Q1 24 | $22.9M | $-25.1M |
自由现金流率FSSMATV
| Q4 25 | 15.0% | 1.7% | ||
| Q3 25 | 9.7% | 13.0% | ||
| Q2 25 | 9.3% | 9.3% | ||
| Q1 25 | 6.7% | -6.1% | ||
| Q4 24 | 17.4% | 0.4% | ||
| Q3 24 | 12.8% | 5.1% | ||
| Q2 24 | 5.1% | 7.1% | ||
| Q1 24 | 5.4% | -5.0% |
资本支出强度FSSMATV
| Q4 25 | 1.3% | 2.4% | ||
| Q3 25 | 1.3% | 1.2% | ||
| Q2 25 | 1.3% | 1.7% | ||
| Q1 25 | 1.2% | 2.9% | ||
| Q4 24 | 1.8% | 4.8% | ||
| Q3 24 | 1.7% | 2.4% | ||
| Q2 24 | 3.2% | 1.7% | ||
| Q1 24 | 2.0% | 2.4% |
现金转化率FSSMATV
| Q4 25 | 1.60× | 0.19× | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.81× | 16.07× | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | 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
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% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
