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FEDERAL SIGNAL CORP（FSS）与MSC INDUSTRIAL DIRECT CO INC（MSM）财务数据对比。点击上方公司名可切换其他公司
MSC INDUSTRIAL DIRECT CO INC的季度营收约是FEDERAL SIGNAL CORP的1.6倍（$965.7M vs $597.1M），FEDERAL SIGNAL CORP净利率更高（10.2% vs 5.4%，领先4.8%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 4.0%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $7.4M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs -3.4%）
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。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
FSS vs MSM — 直观对比
营收规模更大
MSM
是对方的1.6倍
$597.1M
营收增速更快
FSS
高出22.5%
4.0%
净利率更高
FSS
高出4.8%
5.4%
自由现金流更多
FSS
多$82.1M
$7.4M
两年增速更快
FSS
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $965.7M |
| 净利润 | $60.8M | $51.8M |
| 毛利率 | 28.4% | 40.7% |
| 营业利润率 | 14.0% | 7.9% |
| 净利率 | 10.2% | 5.4% |
| 营收同比 | 26.5% | 4.0% |
| 净利润同比 | 21.6% | 11.1% |
| 每股收益（稀释后） | $0.99 | $0.93 |
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FSSMSM
| Q4 25 | $597.1M | $965.7M | ||
| Q3 25 | $555.0M | $978.2M | ||
| Q2 25 | $564.6M | $971.1M | ||
| Q1 25 | $463.8M | — | ||
| Q4 24 | $472.0M | $928.5M | ||
| Q3 24 | $474.2M | — | ||
| Q2 24 | $490.4M | $979.4M | ||
| Q1 24 | $424.9M | $935.3M |
净利润FSSMSM
| Q4 25 | $60.8M | $51.8M | ||
| Q3 25 | $68.1M | $56.5M | ||
| Q2 25 | $71.4M | $56.8M | ||
| Q1 25 | $46.3M | — | ||
| Q4 24 | $50.0M | $46.6M | ||
| Q3 24 | $53.9M | — | ||
| Q2 24 | $60.8M | $71.7M | ||
| Q1 24 | $51.6M | $61.8M |
毛利率FSSMSM
| Q4 25 | 28.4% | 40.7% | ||
| Q3 25 | 29.1% | 40.4% | ||
| Q2 25 | 30.0% | 41.0% | ||
| Q1 25 | 28.2% | — | ||
| Q4 24 | 28.1% | 40.7% | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 29.4% | 40.9% | ||
| Q1 24 | 27.3% | 41.5% |
营业利润率FSSMSM
| Q4 25 | 14.0% | 7.9% | ||
| Q3 25 | 16.9% | 8.6% | ||
| Q2 25 | 17.3% | 8.5% | ||
| Q1 25 | 14.2% | — | ||
| Q4 24 | 14.9% | 7.8% | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 16.5% | 10.9% | ||
| Q1 24 | 12.8% | 9.7% |
净利率FSSMSM
| Q4 25 | 10.2% | 5.4% | ||
| Q3 25 | 12.3% | 5.8% | ||
| Q2 25 | 12.6% | 5.9% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 10.6% | 5.0% | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 12.4% | 7.3% | ||
| Q1 24 | 12.1% | 6.6% |
每股收益（稀释后）FSSMSM
| Q4 25 | $0.99 | $0.93 | ||
| Q3 25 | $1.11 | $1.02 | ||
| Q2 25 | $1.16 | $1.02 | ||
| Q1 25 | $0.75 | — | ||
| Q4 24 | $0.80 | $0.83 | ||
| Q3 24 | $0.87 | — | ||
| Q2 24 | $0.99 | $1.27 | ||
| Q1 24 | $0.84 | $1.10 |
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 | $40.3M |
| 总债务越低越好 | $564.6M | $214.1M |
| 股东权益账面价值 | $1.4B | $1.4B |
| 总资产 | $2.4B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.41× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资FSSMSM
| Q4 25 | $63.7M | $40.3M | ||
| Q3 25 | $54.4M | $56.2M | ||
| Q2 25 | $64.7M | $71.7M | ||
| Q1 25 | $57.5M | — | ||
| Q4 24 | $91.1M | $57.3M | ||
| Q3 24 | $73.7M | — | ||
| Q2 24 | $48.6M | $25.9M | ||
| Q1 24 | $48.9M | $22.2M |
总债务FSSMSM
| Q4 25 | $564.6M | $214.1M | ||
| Q3 25 | $201.2M | $168.8M | ||
| Q2 25 | $258.3M | $285.0M | ||
| Q1 25 | $266.9M | — | ||
| Q4 24 | $204.4M | $289.9M | ||
| Q3 24 | $223.3M | — | ||
| Q2 24 | $248.8M | $299.8M | ||
| Q1 24 | $266.8M | $294.5M |
股东权益FSSMSM
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.0B | $1.4B |
总资产FSSMSM
| Q4 25 | $2.4B | $2.5B | ||
| Q3 25 | $1.9B | $2.5B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | $2.5B | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | $2.5B | ||
| Q1 24 | $1.7B | $2.5B |
负债/权益比FSSMSM
| Q4 25 | 0.41× | 0.16× | ||
| Q3 25 | 0.15× | 0.12× | ||
| Q2 25 | 0.20× | 0.21× | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.17× | 0.21× | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.23× | 0.21× | ||
| Q1 24 | 0.26× | 0.21× |
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 | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $7.4M |
| 自由现金流率自由现金流/营收 | 15.0% | 0.8% |
| 资本支出强度资本支出/营收 | 1.3% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.60× | 0.57× |
| 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FSSMSM
| Q4 25 | $97.2M | $29.4M | ||
| Q3 25 | $61.1M | — | ||
| Q2 25 | $59.7M | $151.6M | ||
| Q1 25 | $36.7M | — | ||
| Q4 24 | $90.6M | $101.9M | ||
| Q3 24 | $68.8M | — | ||
| Q2 24 | $40.6M | $143.5M | ||
| Q1 24 | $31.3M | $78.7M |
自由现金流FSSMSM
| Q4 25 | $89.5M | $7.4M | ||
| Q3 25 | $54.1M | — | ||
| Q2 25 | $52.4M | $100.7M | ||
| Q1 25 | $31.1M | — | ||
| Q4 24 | $82.1M | $81.7M | ||
| Q3 24 | $60.9M | — | ||
| Q2 24 | $24.8M | $114.0M | ||
| Q1 24 | $22.9M | $53.4M |
自由现金流率FSSMSM
| Q4 25 | 15.0% | 0.8% | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 9.3% | 10.4% | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | 17.4% | 8.8% | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 5.1% | 11.6% | ||
| Q1 24 | 5.4% | 5.7% |
资本支出强度FSSMSM
| Q4 25 | 1.3% | 2.3% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.3% | 5.2% | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.8% | 2.2% | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 3.2% | 3.0% | ||
| Q1 24 | 2.0% | 2.7% |
现金转化率FSSMSM
| Q4 25 | 1.60× | 0.57× | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.84× | 2.67× | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.81× | 2.18× | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 0.67× | 2.00× | ||
| Q1 24 | 0.61× | 1.27× |
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% |
MSM
暂无分部数据
