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FEDERAL SIGNAL CORP（FSS）与蔚来（NIO）财务数据对比。点击上方公司名可切换其他公司
蔚来的季度营收约是FEDERAL SIGNAL CORP的7.9倍（$4.7B vs $597.1M）。FEDERAL SIGNAL CORP净利率更高（10.2% vs 0.8%，领先9.4%）。FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $-439.4M）
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。
蔚来是中国本土新能源汽车制造商，总部位于上海，2014年成立，2016年正式启用现有品牌名称。公司专注于智能电动汽车的研发、设计与销售，产品覆盖轿车、SUV等多个品类，近年已将业务拓展至智能手机研发领域。
FSS vs NIO — 直观对比
营收规模更大
NIO
是对方的7.9倍
$597.1M
净利率更高
FSS
高出9.4%
0.8%
自由现金流更多
FSS
多$528.9M
$-439.4M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $4.7B |
| 净利润 | $60.8M | $38.7M |
| 毛利率 | 28.4% | 17.5% |
| 营业利润率 | 14.0% | 1.5% |
| 净利率 | 10.2% | 0.8% |
| 营收同比 | 26.5% | — |
| 净利润同比 | 21.6% | — |
| 每股收益（稀释后） | $0.99 | $0.05 |
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FSSNIO
| Q1 26 | — | $4.7B | ||
| Q4 25 | $597.1M | — | ||
| Q3 25 | $555.0M | $3.0B | ||
| Q2 25 | $564.6M | $2.6B | ||
| Q1 25 | $463.8M | $2.7B | ||
| Q4 24 | $472.0M | — | ||
| Q3 24 | $474.2M | — | ||
| Q2 24 | $490.4M | — |
净利润FSSNIO
| Q1 26 | — | $38.7M | ||
| Q4 25 | $60.8M | — | ||
| Q3 25 | $68.1M | $-505.2M | ||
| Q2 25 | $71.4M | $-709.5M | ||
| Q1 25 | $46.3M | $-984.2M | ||
| Q4 24 | $50.0M | — | ||
| Q3 24 | $53.9M | — | ||
| Q2 24 | $60.8M | — |
毛利率FSSNIO
| Q1 26 | — | 17.5% | ||
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.1% | 13.9% | ||
| Q2 25 | 30.0% | 10.0% | ||
| Q1 25 | 28.2% | 11.7% | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 29.4% | — |
营业利润率FSSNIO
| Q1 26 | — | 1.5% | ||
| Q4 25 | 14.0% | — | ||
| Q3 25 | 16.9% | -16.2% | ||
| Q2 25 | 17.3% | -25.8% | ||
| Q1 25 | 14.2% | -30.6% | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 16.5% | — |
净利率FSSNIO
| Q1 26 | — | 0.8% | ||
| Q4 25 | 10.2% | — | ||
| Q3 25 | 12.3% | -16.8% | ||
| Q2 25 | 12.6% | -27.0% | ||
| Q1 25 | 10.0% | -36.2% | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 12.4% | — |
每股收益（稀释后）FSSNIO
| Q1 26 | — | $0.05 | ||
| Q4 25 | $0.99 | — | ||
| Q3 25 | $1.11 | $-1.51 | ||
| Q2 25 | $1.16 | $-2.31 | ||
| Q1 25 | $0.75 | $-3.47 | ||
| Q4 24 | $0.80 | — | ||
| Q3 24 | $0.87 | — | ||
| Q2 24 | $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 | $63.7M | $4.4B |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $594.8M |
| 总资产 | $2.4B | $17.8B |
| 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FSSNIO
| Q1 26 | — | $4.4B | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $54.4M | — | ||
| Q2 25 | $64.7M | $2.5B | ||
| Q1 25 | $57.5M | $4.6B | ||
| Q4 24 | $91.1M | — | ||
| Q3 24 | $73.7M | — | ||
| Q2 24 | $48.6M | — |
总债务FSSNIO
| Q1 26 | — | — | ||
| 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FSSNIO
| Q1 26 | — | $594.8M | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | $-168.3M | ||
| Q1 25 | $1.2B | $817.5M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
总资产FSSNIO
| Q1 26 | — | $17.8B | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | $14.0B | ||
| Q1 25 | $1.9B | $14.7B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — |
负债/权益比FSSNIO
| Q1 26 | — | — | ||
| 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 | $97.2M | $427.9M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $-439.4M |
| 自由现金流率自由现金流/营收 | 15.0% | -9.3% |
| 资本支出强度资本支出/营收 | 1.3% | 18.4% |
| 现金转化率经营现金流/净利润 | 1.60× | 11.07× |
| 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FSSNIO
| Q1 26 | — | $427.9M | ||
| Q4 25 | $97.2M | — | ||
| Q3 25 | $61.1M | — | ||
| Q2 25 | $59.7M | — | ||
| Q1 25 | $36.7M | $-1.1B | ||
| Q4 24 | $90.6M | — | ||
| Q3 24 | $68.8M | — | ||
| Q2 24 | $40.6M | — |
自由现金流FSSNIO
| Q1 26 | — | $-439.4M | ||
| Q4 25 | $89.5M | — | ||
| Q3 25 | $54.1M | — | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $31.1M | $-2.3B | ||
| Q4 24 | $82.1M | — | ||
| Q3 24 | $60.9M | — | ||
| Q2 24 | $24.8M | — |
自由现金流率FSSNIO
| Q1 26 | — | -9.3% | ||
| Q4 25 | 15.0% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 6.7% | -85.6% | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 5.1% | — |
资本支出强度FSSNIO
| Q1 26 | — | 18.4% | ||
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.2% | 46.1% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 3.2% | — |
现金转化率FSSNIO
| Q1 26 | — | 11.07× | ||
| Q4 25 | 1.60× | — | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 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
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% |
NIO
暂无分部数据
