vs
FEDERAL SIGNAL CORP（FSS）与Martin Marietta Materials（MLM）财务数据对比。点击上方公司名可切换其他公司
Martin Marietta Materials的季度营收约是FEDERAL SIGNAL CORP的1.9倍（$1.1B vs $597.1M），Martin Marietta Materials净利率更高（24.5% vs 10.2%，领先14.3%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $89.5M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs -4.5%）
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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
FSS vs MLM — 直观对比
营收规模更大
MLM
是对方的1.9倍
$597.1M
营收增速更快
FSS
高出56.7%
-30.1%
净利率更高
MLM
高出14.3%
10.2%
自由现金流更多
MLM
多$334.5M
$89.5M
两年增速更快
FSS
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $1.1B |
| 净利润 | $60.8M | $279.0M |
| 毛利率 | 28.4% | 35.0% |
| 营业利润率 | 14.0% | 24.6% |
| 净利率 | 10.2% | 24.5% |
| 营收同比 | 26.5% | -30.1% |
| 净利润同比 | 21.6% | -4.8% |
| 每股收益（稀释后） | $0.99 | $4.59 |
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FSSMLM
| Q4 25 | $597.1M | $1.1B | ||
| Q3 25 | $555.0M | $1.8B | ||
| Q2 25 | $564.6M | $1.8B | ||
| Q1 25 | $463.8M | $1.4B | ||
| Q4 24 | $472.0M | $1.6B | ||
| Q3 24 | $474.2M | $1.9B | ||
| Q2 24 | $490.4M | $1.8B | ||
| Q1 24 | $424.9M | $1.3B |
净利润FSSMLM
| Q4 25 | $60.8M | $279.0M | ||
| Q3 25 | $68.1M | $414.0M | ||
| Q2 25 | $71.4M | $328.0M | ||
| Q1 25 | $46.3M | $116.0M | ||
| Q4 24 | $50.0M | $293.0M | ||
| Q3 24 | $53.9M | $363.0M | ||
| Q2 24 | $60.8M | $294.0M | ||
| Q1 24 | $51.6M | $1.0B |
毛利率FSSMLM
| Q4 25 | 28.4% | 35.0% | ||
| Q3 25 | 29.1% | 33.1% | ||
| Q2 25 | 30.0% | 30.0% | ||
| Q1 25 | 28.2% | 24.8% | ||
| Q4 24 | 28.1% | 30.0% | ||
| Q3 24 | 29.6% | 31.7% | ||
| Q2 24 | 29.4% | 29.3% | ||
| Q1 24 | 27.3% | 21.7% |
营业利润率FSSMLM
| Q4 25 | 14.0% | 24.6% | ||
| Q3 25 | 16.9% | 27.4% | ||
| Q2 25 | 17.3% | 25.3% | ||
| Q1 25 | 14.2% | 14.3% | ||
| Q4 24 | 14.9% | 24.4% | ||
| Q3 24 | 16.0% | 25.9% | ||
| Q2 24 | 16.5% | 22.6% | ||
| Q1 24 | 12.8% | — |
净利率FSSMLM
| Q4 25 | 10.2% | 24.5% | ||
| Q3 25 | 12.3% | 22.4% | ||
| Q2 25 | 12.6% | 18.1% | ||
| Q1 25 | 10.0% | 8.6% | ||
| Q4 24 | 10.6% | 18.0% | ||
| Q3 24 | 11.4% | 19.2% | ||
| Q2 24 | 12.4% | 16.7% | ||
| Q1 24 | 12.1% | 83.5% |
每股收益（稀释后）FSSMLM
| Q4 25 | $0.99 | $4.59 | ||
| Q3 25 | $1.11 | $6.85 | ||
| Q2 25 | $1.16 | $5.43 | ||
| Q1 25 | $0.75 | $1.90 | ||
| Q4 24 | $0.80 | $4.87 | ||
| Q3 24 | $0.87 | $5.91 | ||
| Q2 24 | $0.99 | $4.76 | ||
| Q1 24 | $0.84 | $16.87 |
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 | $67.0M |
| 总债务越低越好 | $564.6M | $5.3B |
| 股东权益账面价值 | $1.4B | $10.0B |
| 总资产 | $2.4B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.41× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资FSSMLM
| Q4 25 | $63.7M | $67.0M | ||
| Q3 25 | $54.4M | $57.0M | ||
| Q2 25 | $64.7M | $225.0M | ||
| Q1 25 | $57.5M | $101.0M | ||
| Q4 24 | $91.1M | $670.0M | ||
| Q3 24 | $73.7M | $52.0M | ||
| Q2 24 | $48.6M | $109.0M | ||
| Q1 24 | $48.9M | $2.6B |
总债务FSSMLM
| Q4 25 | $564.6M | $5.3B | ||
| Q3 25 | $201.2M | $5.5B | ||
| Q2 25 | $258.3M | $5.4B | ||
| Q1 25 | $266.9M | $5.4B | ||
| Q4 24 | $204.4M | $5.4B | ||
| Q3 24 | $223.3M | $4.0B | ||
| Q2 24 | $248.8M | $4.3B | ||
| Q1 24 | $266.8M | $4.3B |
股东权益FSSMLM
| Q4 25 | $1.4B | $10.0B | ||
| Q3 25 | $1.3B | $9.7B | ||
| Q2 25 | $1.3B | $9.4B | ||
| Q1 25 | $1.2B | $9.1B | ||
| Q4 24 | $1.2B | $9.5B | ||
| Q3 24 | $1.1B | $9.2B | ||
| Q2 24 | $1.1B | $8.8B | ||
| Q1 24 | $1.0B | $8.9B |
总资产FSSMLM
| Q4 25 | $2.4B | $18.7B | ||
| Q3 25 | $1.9B | $18.7B | ||
| Q2 25 | $1.9B | $18.1B | ||
| Q1 25 | $1.9B | $17.7B | ||
| Q4 24 | $1.8B | $18.2B | ||
| Q3 24 | $1.7B | $16.5B | ||
| Q2 24 | $1.7B | $16.3B | ||
| Q1 24 | $1.7B | $16.2B |
负债/权益比FSSMLM
| Q4 25 | 0.41× | 0.53× | ||
| Q3 25 | 0.15× | 0.57× | ||
| Q2 25 | 0.20× | 0.58× | ||
| Q1 25 | 0.22× | 0.60× | ||
| Q4 24 | 0.17× | 0.57× | ||
| Q3 24 | 0.19× | 0.44× | ||
| Q2 24 | 0.23× | 0.49× | ||
| Q1 24 | 0.26× | 0.49× |
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 | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $424.0M |
| 自由现金流率自由现金流/营收 | 15.0% | 37.2% |
| 资本支出强度资本支出/营收 | 1.3% | 18.0% |
| 现金转化率经营现金流/净利润 | 1.60× | 2.25× |
| 过去12个月自由现金流最近4个季度 | $227.1M | $978.0M |
8季度趋势，按日历期对齐
经营现金流FSSMLM
| Q4 25 | $97.2M | $629.0M | ||
| Q3 25 | $61.1M | $551.0M | ||
| Q2 25 | $59.7M | $387.0M | ||
| Q1 25 | $36.7M | $218.0M | ||
| Q4 24 | $90.6M | $686.0M | ||
| Q3 24 | $68.8M | $600.0M | ||
| Q2 24 | $40.6M | $1.0M | ||
| Q1 24 | $31.3M | $172.0M |
自由现金流FSSMLM
| Q4 25 | $89.5M | $424.0M | ||
| Q3 25 | $54.1M | $361.0M | ||
| Q2 25 | $52.4M | $208.0M | ||
| Q1 25 | $31.1M | $-15.0M | ||
| Q4 24 | $82.1M | $453.0M | ||
| Q3 24 | $60.9M | $317.0M | ||
| Q2 24 | $24.8M | $-138.0M | ||
| Q1 24 | $22.9M | $-28.0M |
自由现金流率FSSMLM
| Q4 25 | 15.0% | 37.2% | ||
| Q3 25 | 9.7% | 19.6% | ||
| Q2 25 | 9.3% | 11.5% | ||
| Q1 25 | 6.7% | -1.1% | ||
| Q4 24 | 17.4% | 27.8% | ||
| Q3 24 | 12.8% | 16.8% | ||
| Q2 24 | 5.1% | -7.8% | ||
| Q1 24 | 5.4% | -2.2% |
资本支出强度FSSMLM
| Q4 25 | 1.3% | 18.0% | ||
| Q3 25 | 1.3% | 10.3% | ||
| Q2 25 | 1.3% | 9.9% | ||
| Q1 25 | 1.2% | 17.2% | ||
| Q4 24 | 1.8% | 14.3% | ||
| Q3 24 | 1.7% | 15.0% | ||
| Q2 24 | 3.2% | 7.9% | ||
| Q1 24 | 2.0% | 16.0% |
现金转化率FSSMLM
| Q4 25 | 1.60× | 2.25× | ||
| Q3 25 | 0.90× | 1.33× | ||
| Q2 25 | 0.84× | 1.18× | ||
| Q1 25 | 0.79× | 1.88× | ||
| Q4 24 | 1.81× | 2.34× | ||
| Q3 24 | 1.28× | 1.65× | ||
| Q2 24 | 0.67× | 0.00× | ||
| Q1 24 | 0.61× | 0.16× |
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% |
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
