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FEDERAL SIGNAL CORP（FSS）与NORTHERN OIL & GAS, INC.（NOG）财务数据对比。点击上方公司名可切换其他公司
NORTHERN OIL & GAS, INC.的季度营收约是FEDERAL SIGNAL CORP的1.0倍（$610.2M vs $597.1M），FEDERAL SIGNAL CORP净利率更高（10.2% vs -11.6%，领先21.8%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs -72.6%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $43.2M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 4.3%）
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。
Marathon Oil Corporation是一家美国油气勘探开发企业，核心业务涵盖油气资源的勘探、开采与运营，2024年11月被康菲石油收购，相关业务与资产已并入康菲石油体系。
FSS vs NOG — 直观对比
营收规模更大
NOG
是对方的1.0倍
$597.1M
营收增速更快
FSS
高出99.1%
-72.6%
净利率更高
FSS
高出21.8%
-11.6%
自由现金流更多
FSS
多$46.3M
$43.2M
两年增速更快
FSS
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $610.2M |
| 净利润 | $60.8M | $-70.7M |
| 毛利率 | 28.4% | — |
| 营业利润率 | 14.0% | — |
| 净利率 | 10.2% | -11.6% |
| 营收同比 | 26.5% | -72.6% |
| 净利润同比 | 21.6% | -198.7% |
| 每股收益（稀释后） | $0.99 | $-0.73 |
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FSSNOG
| Q1 26 | — | $610.2M | ||
| Q4 25 | $597.1M | $610.2M | ||
| Q3 25 | $555.0M | $556.6M | ||
| Q2 25 | $564.6M | $706.8M | ||
| Q1 25 | $463.8M | $602.1M | ||
| Q4 24 | $472.0M | $515.0M | ||
| Q3 24 | $474.2M | $753.6M | ||
| Q2 24 | $490.4M | $560.8M |
净利润FSSNOG
| Q1 26 | — | $-70.7M | ||
| Q4 25 | $60.8M | $-70.7M | ||
| Q3 25 | $68.1M | $-129.1M | ||
| Q2 25 | $71.4M | $99.6M | ||
| Q1 25 | $46.3M | $139.0M | ||
| Q4 24 | $50.0M | $71.7M | ||
| Q3 24 | $53.9M | $298.4M | ||
| Q2 24 | $60.8M | $138.6M |
毛利率FSSNOG
| Q1 26 | — | — | ||
| Q4 25 | 28.4% | 80.4% | ||
| Q3 25 | 29.1% | 78.7% | ||
| Q2 25 | 30.0% | 82.8% | ||
| Q1 25 | 28.2% | 81.1% | ||
| Q4 24 | 28.1% | 77.4% | ||
| Q3 24 | 29.6% | 85.8% | ||
| Q2 24 | 29.4% | 82.0% |
营业利润率FSSNOG
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | -5.5% | ||
| Q3 25 | 16.9% | -22.6% | ||
| Q2 25 | 17.3% | 24.9% | ||
| Q1 25 | 14.2% | 38.1% | ||
| Q4 24 | 14.9% | 25.8% | ||
| Q3 24 | 16.0% | 57.6% | ||
| Q2 24 | 16.5% | 39.0% |
净利率FSSNOG
| Q1 26 | — | -11.6% | ||
| Q4 25 | 10.2% | -11.6% | ||
| Q3 25 | 12.3% | -23.2% | ||
| Q2 25 | 12.6% | 14.1% | ||
| Q1 25 | 10.0% | 23.1% | ||
| Q4 24 | 10.6% | 13.9% | ||
| Q3 24 | 11.4% | 39.6% | ||
| Q2 24 | 12.4% | 24.7% |
每股收益（稀释后）FSSNOG
| Q1 26 | — | $-0.73 | ||
| Q4 25 | $0.99 | $-0.67 | ||
| Q3 25 | $1.11 | $-1.33 | ||
| Q2 25 | $1.16 | $1.00 | ||
| Q1 25 | $0.75 | $1.39 | ||
| Q4 24 | $0.80 | $0.71 | ||
| Q3 24 | $0.87 | $2.96 | ||
| Q2 24 | $0.99 | $1.36 |
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 | $14.3M |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $2.1B |
| 总资产 | $2.4B | $5.4B |
| 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FSSNOG
| Q1 26 | — | $14.3M | ||
| Q4 25 | $63.7M | $14.3M | ||
| Q3 25 | $54.4M | $31.6M | ||
| Q2 25 | $64.7M | $25.9M | ||
| Q1 25 | $57.5M | $33.6M | ||
| Q4 24 | $91.1M | $8.9M | ||
| Q3 24 | $73.7M | $34.4M | ||
| Q2 24 | $48.6M | $7.8M |
总债务FSSNOG
| Q1 26 | — | — | ||
| Q4 25 | $564.6M | $2.4B | ||
| Q3 25 | $201.2M | $2.3B | ||
| Q2 25 | $258.3M | $2.4B | ||
| Q1 25 | $266.9M | $2.3B | ||
| Q4 24 | $204.4M | $2.4B | ||
| Q3 24 | $223.3M | $2.0B | ||
| Q2 24 | $248.8M | $1.9B |
股东权益FSSNOG
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.3B | $2.4B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | $1.1B | $2.1B |
总资产FSSNOG
| Q1 26 | — | $5.4B | ||
| Q4 25 | $2.4B | $5.4B | ||
| Q3 25 | $1.9B | $5.5B | ||
| Q2 25 | $1.9B | $5.7B | ||
| Q1 25 | $1.9B | $5.7B | ||
| Q4 24 | $1.8B | $5.6B | ||
| Q3 24 | $1.7B | $5.1B | ||
| Q2 24 | $1.7B | $4.7B |
负债/权益比FSSNOG
| Q1 26 | — | — | ||
| Q4 25 | 0.41× | 1.13× | ||
| Q3 25 | 0.15× | 1.05× | ||
| Q2 25 | 0.20× | 0.98× | ||
| Q1 25 | 0.22× | 0.96× | ||
| Q4 24 | 0.17× | 1.02× | ||
| Q3 24 | 0.19× | 0.84× | ||
| Q2 24 | 0.23× | 0.91× |
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 | $312.6M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $43.2M |
| 自由现金流率自由现金流/营收 | 15.0% | 7.1% |
| 资本支出强度资本支出/营收 | 1.3% | 31.5% |
| 现金转化率经营现金流/净利润 | 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FSSNOG
| Q1 26 | — | $312.6M | ||
| Q4 25 | $97.2M | $312.6M | ||
| Q3 25 | $61.1M | $423.1M | ||
| Q2 25 | $59.7M | $362.1M | ||
| Q1 25 | $36.7M | $407.4M | ||
| Q4 24 | $90.6M | $290.3M | ||
| Q3 24 | $68.8M | $385.8M | ||
| Q2 24 | $40.6M | $340.5M |
自由现金流FSSNOG
| Q1 26 | — | $43.2M | ||
| Q4 25 | $89.5M | — | ||
| Q3 25 | $54.1M | — | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $31.1M | — | ||
| Q4 24 | $82.1M | — | ||
| Q3 24 | $60.9M | — | ||
| Q2 24 | $24.8M | — |
自由现金流率FSSNOG
| Q1 26 | — | 7.1% | ||
| Q4 25 | 15.0% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 5.1% | — |
资本支出强度FSSNOG
| Q1 26 | — | 31.5% | ||
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 3.2% | — |
现金转化率FSSNOG
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | — | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.84× | 3.64× | ||
| Q1 25 | 0.79× | 2.93× | ||
| Q4 24 | 1.81× | 4.05× | ||
| Q3 24 | 1.28× | 1.29× | ||
| Q2 24 | 0.67× | 2.46× |
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% |
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
