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FEDERAL SIGNAL CORP（FSS）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
豪士科的季度营收约是FEDERAL SIGNAL CORP的4.5倍（$2.7B vs $597.1M）。FEDERAL SIGNAL CORP净利率更高（10.2% vs 5.0%，领先5.2%）。FEDERAL SIGNAL CORP同比增速更快（26.5% vs 3.5%）。豪士科自由现金流更多（$540.3M vs $89.5M）。过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 2.8%）
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。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
FSS vs OSK — 直观对比
营收规模更大
OSK
是对方的4.5倍
$597.1M
营收增速更快
FSS
高出23.0%
3.5%
净利率更高
FSS
高出5.2%
5.0%
自由现金流更多
OSK
多$450.8M
$89.5M
两年增速更快
FSS
近两年复合增速
2.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $2.7B |
| 净利润 | $60.8M | $133.8M |
| 毛利率 | 28.4% | 15.8% |
| 营业利润率 | 14.0% | 7.9% |
| 净利率 | 10.2% | 5.0% |
| 营收同比 | 26.5% | 3.5% |
| 净利润同比 | 21.6% | -12.6% |
| 每股收益（稀释后） | $0.99 | — |
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FSSOSK
| Q4 25 | $597.1M | $2.7B | ||
| Q3 25 | $555.0M | $2.7B | ||
| Q2 25 | $564.6M | $2.7B | ||
| Q1 25 | $463.8M | $2.3B | ||
| Q4 24 | $472.0M | $2.6B | ||
| Q3 24 | $474.2M | $2.7B | ||
| Q2 24 | $490.4M | $2.8B | ||
| Q1 24 | $424.9M | $2.5B |
净利润FSSOSK
| Q4 25 | $60.8M | $133.8M | ||
| Q3 25 | $68.1M | $196.2M | ||
| Q2 25 | $71.4M | $204.8M | ||
| Q1 25 | $46.3M | $112.2M | ||
| Q4 24 | $50.0M | $153.1M | ||
| Q3 24 | $53.9M | $180.3M | ||
| Q2 24 | $60.8M | $168.6M | ||
| Q1 24 | $51.6M | $179.4M |
毛利率FSSOSK
| Q4 25 | 28.4% | 15.8% | ||
| Q3 25 | 29.1% | 17.5% | ||
| Q2 25 | 30.0% | 19.2% | ||
| Q1 25 | 28.2% | 17.3% | ||
| Q4 24 | 28.1% | 17.2% | ||
| Q3 24 | 29.6% | 18.5% | ||
| Q2 24 | 29.4% | 19.2% | ||
| Q1 24 | 27.3% | 18.5% |
营业利润率FSSOSK
| Q4 25 | 14.0% | 7.9% | ||
| Q3 25 | 16.9% | 9.7% | ||
| Q2 25 | 17.3% | 10.7% | ||
| Q1 25 | 14.2% | 7.6% | ||
| Q4 24 | 14.9% | 8.6% | ||
| Q3 24 | 16.0% | 9.7% | ||
| Q2 24 | 16.5% | 9.2% | ||
| Q1 24 | 12.8% | 10.2% |
净利率FSSOSK
| Q4 25 | 10.2% | 5.0% | ||
| Q3 25 | 12.3% | 7.3% | ||
| Q2 25 | 12.6% | 7.5% | ||
| Q1 25 | 10.0% | 4.9% | ||
| Q4 24 | 10.6% | 5.9% | ||
| Q3 24 | 11.4% | 6.6% | ||
| Q2 24 | 12.4% | 5.9% | ||
| Q1 24 | 12.1% | 7.1% |
每股收益（稀释后）FSSOSK
| Q4 25 | $0.99 | — | ||
| Q3 25 | $1.11 | — | ||
| Q2 25 | $1.16 | — | ||
| Q1 25 | $0.75 | — | ||
| Q4 24 | $0.80 | — | ||
| Q3 24 | $0.87 | — | ||
| Q2 24 | $0.99 | — | ||
| Q1 24 | $0.84 | — |
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 | $479.8M |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $4.5B |
| 总资产 | $2.4B | $10.1B |
| 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FSSOSK
| Q4 25 | $63.7M | $479.8M | ||
| Q3 25 | $54.4M | $211.8M | ||
| Q2 25 | $64.7M | $191.7M | ||
| Q1 25 | $57.5M | $210.3M | ||
| Q4 24 | $91.1M | $204.9M | ||
| Q3 24 | $73.7M | $160.9M | ||
| Q2 24 | $48.6M | $141.4M | ||
| Q1 24 | $48.9M | $69.9M |
总债务FSSOSK
| Q4 25 | $564.6M | — | ||
| Q3 25 | $201.2M | — | ||
| Q2 25 | $258.3M | — | ||
| Q1 25 | $266.9M | — | ||
| Q4 24 | $204.4M | — | ||
| Q3 24 | $223.3M | $602.3M | ||
| Q2 24 | $248.8M | $599.1M | ||
| Q1 24 | $266.8M | $598.9M |
股东权益FSSOSK
| Q4 25 | $1.4B | $4.5B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.3B | $4.5B | ||
| Q1 25 | $1.2B | $4.2B | ||
| Q4 24 | $1.2B | $4.2B | ||
| Q3 24 | $1.1B | $4.1B | ||
| Q2 24 | $1.1B | $3.9B | ||
| Q1 24 | $1.0B | $3.8B |
总资产FSSOSK
| Q4 25 | $2.4B | $10.1B | ||
| Q3 25 | $1.9B | $9.8B | ||
| Q2 25 | $1.9B | $10.0B | ||
| Q1 25 | $1.9B | $9.8B | ||
| Q4 24 | $1.8B | $9.4B | ||
| Q3 24 | $1.7B | $9.9B | ||
| Q2 24 | $1.7B | $9.7B | ||
| Q1 24 | $1.7B | $9.5B |
负债/权益比FSSOSK
| Q4 25 | 0.41× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.17× | — | ||
| Q3 24 | 0.19× | 0.15× | ||
| Q2 24 | 0.23× | 0.15× | ||
| Q1 24 | 0.26× | 0.16× |
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 | $600.1M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $540.3M |
| 自由现金流率自由现金流/营收 | 15.0% | 20.1% |
| 资本支出强度资本支出/营收 | 1.3% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.60× | 4.49× |
| 过去12个月自由现金流最近4个季度 | $227.1M | $618.0M |
8季度趋势，按日历期对齐
经营现金流FSSOSK
| Q4 25 | $97.2M | $600.1M | ||
| Q3 25 | $61.1M | $489.0M | ||
| Q2 25 | $59.7M | $89.2M | ||
| Q1 25 | $36.7M | $-394.9M | ||
| Q4 24 | $90.6M | $790.8M | ||
| Q3 24 | $68.8M | $326.1M | ||
| Q2 24 | $40.6M | $-211.0M | ||
| Q1 24 | $31.3M | $-355.8M |
自由现金流FSSOSK
| Q4 25 | $89.5M | $540.3M | ||
| Q3 25 | $54.1M | $464.3M | ||
| Q2 25 | $52.4M | $48.6M | ||
| Q1 25 | $31.1M | $-435.2M | ||
| Q4 24 | $82.1M | $703.3M | ||
| Q3 24 | $60.9M | $272.2M | ||
| Q2 24 | $24.8M | $-250.5M | ||
| Q1 24 | $22.9M | $-455.9M |
自由现金流率FSSOSK
| Q4 25 | 15.0% | 20.1% | ||
| Q3 25 | 9.7% | 17.3% | ||
| Q2 25 | 9.3% | 1.8% | ||
| Q1 25 | 6.7% | -18.8% | ||
| Q4 24 | 17.4% | 27.1% | ||
| Q3 24 | 12.8% | 9.9% | ||
| Q2 24 | 5.1% | -8.8% | ||
| Q1 24 | 5.4% | -17.9% |
资本支出强度FSSOSK
| Q4 25 | 1.3% | 2.2% | ||
| Q3 25 | 1.3% | 0.9% | ||
| Q2 25 | 1.3% | 1.5% | ||
| Q1 25 | 1.2% | 1.7% | ||
| Q4 24 | 1.8% | 3.4% | ||
| Q3 24 | 1.7% | 2.0% | ||
| Q2 24 | 3.2% | 1.4% | ||
| Q1 24 | 2.0% | 3.9% |
现金转化率FSSOSK
| Q4 25 | 1.60× | 4.49× | ||
| Q3 25 | 0.90× | 2.49× | ||
| Q2 25 | 0.84× | 0.44× | ||
| Q1 25 | 0.79× | -3.52× | ||
| Q4 24 | 1.81× | 5.17× | ||
| Q3 24 | 1.28× | 1.81× | ||
| Q2 24 | 0.67× | -1.25× | ||
| Q1 24 | 0.61× | -1.98× |
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% |
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
