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FEDERAL SIGNAL CORP（FSS）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
FEDERAL SIGNAL CORP的季度营收约是UiPath, Inc.的1.5倍（$597.1M vs $411.1M），UiPath, Inc.净利率更高（48.4% vs 10.2%，领先38.2%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 15.9%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $25.1M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 0.7%）
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。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
FSS vs PATH — 直观对比
营收规模更大
FSS
是对方的1.5倍
$411.1M
营收增速更快
FSS
高出10.6%
15.9%
净利率更高
PATH
高出38.2%
10.2%
自由现金流更多
FSS
多$64.4M
$25.1M
两年增速更快
FSS
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $411.1M |
| 净利润 | $60.8M | $198.8M |
| 毛利率 | 28.4% | 83.3% |
| 营业利润率 | 14.0% | 3.2% |
| 净利率 | 10.2% | 48.4% |
| 营收同比 | 26.5% | 15.9% |
| 净利润同比 | 21.6% | 1966.2% |
| 每股收益（稀释后） | $0.99 | $0.37 |
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FSSPATH
| Q4 25 | $597.1M | $411.1M | ||
| Q3 25 | $555.0M | $361.7M | ||
| Q2 25 | $564.6M | $356.6M | ||
| Q1 25 | $463.8M | $423.6M | ||
| Q4 24 | $472.0M | $354.7M | ||
| Q3 24 | $474.2M | $316.3M | ||
| Q2 24 | $490.4M | $335.1M | ||
| Q1 24 | $424.9M | $405.3M |
净利润FSSPATH
| Q4 25 | $60.8M | $198.8M | ||
| Q3 25 | $68.1M | $1.6M | ||
| Q2 25 | $71.4M | $-22.6M | ||
| Q1 25 | $46.3M | $51.8M | ||
| Q4 24 | $50.0M | $-10.7M | ||
| Q3 24 | $53.9M | $-86.1M | ||
| Q2 24 | $60.8M | $-28.7M | ||
| Q1 24 | $51.6M | $33.9M |
毛利率FSSPATH
| Q4 25 | 28.4% | 83.3% | ||
| Q3 25 | 29.1% | 82.2% | ||
| Q2 25 | 30.0% | 82.1% | ||
| Q1 25 | 28.2% | 84.8% | ||
| Q4 24 | 28.1% | 82.0% | ||
| Q3 24 | 29.6% | 80.0% | ||
| Q2 24 | 29.4% | 83.5% | ||
| Q1 24 | 27.3% | 86.8% |
营业利润率FSSPATH
| Q4 25 | 14.0% | 3.2% | ||
| Q3 25 | 16.9% | -5.6% | ||
| Q2 25 | 17.3% | -4.6% | ||
| Q1 25 | 14.2% | 7.9% | ||
| Q4 24 | 14.9% | -12.2% | ||
| Q3 24 | 16.0% | -32.7% | ||
| Q2 24 | 16.5% | -14.8% | ||
| Q1 24 | 12.8% | 3.7% |
净利率FSSPATH
| Q4 25 | 10.2% | 48.4% | ||
| Q3 25 | 12.3% | 0.4% | ||
| Q2 25 | 12.6% | -6.3% | ||
| Q1 25 | 10.0% | 12.2% | ||
| Q4 24 | 10.6% | -3.0% | ||
| Q3 24 | 11.4% | -27.2% | ||
| Q2 24 | 12.4% | -8.6% | ||
| Q1 24 | 12.1% | 8.4% |
每股收益（稀释后）FSSPATH
| Q4 25 | $0.99 | $0.37 | ||
| Q3 25 | $1.11 | $0.00 | ||
| Q2 25 | $1.16 | $-0.04 | ||
| Q1 25 | $0.75 | $0.09 | ||
| Q4 24 | $0.80 | $-0.02 | ||
| Q3 24 | $0.87 | $-0.15 | ||
| Q2 24 | $0.99 | $-0.05 | ||
| Q1 24 | $0.84 | $0.07 |
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 | $1.4B |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $1.9B |
| 总资产 | $2.4B | $2.9B |
| 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FSSPATH
| Q4 25 | $63.7M | $1.4B | ||
| Q3 25 | $54.4M | $1.4B | ||
| Q2 25 | $64.7M | $1.6B | ||
| Q1 25 | $57.5M | $1.6B | ||
| Q4 24 | $91.1M | $1.6B | ||
| Q3 24 | $73.7M | $1.7B | ||
| Q2 24 | $48.6M | $1.9B | ||
| Q1 24 | $48.9M | $1.9B |
总债务FSSPATH
| 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 | — | ||
| Q1 24 | $266.8M | — |
股东权益FSSPATH
| Q4 25 | $1.4B | $1.9B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $1.0B | $2.0B |
总资产FSSPATH
| Q4 25 | $2.4B | $2.9B | ||
| Q3 25 | $1.9B | $2.6B | ||
| Q2 25 | $1.9B | $2.6B | ||
| Q1 25 | $1.9B | $2.9B | ||
| Q4 24 | $1.8B | $2.7B | ||
| Q3 24 | $1.7B | $2.7B | ||
| Q2 24 | $1.7B | $2.8B | ||
| Q1 24 | $1.7B | $3.0B |
负债/权益比FSSPATH
| 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× | — | ||
| Q1 24 | 0.26× | — |
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 | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $25.1M |
| 自由现金流率自由现金流/营收 | 15.0% | 6.1% |
| 资本支出强度资本支出/营收 | 1.3% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.60× | 0.14× |
| 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FSSPATH
| Q4 25 | $97.2M | $28.3M | ||
| Q3 25 | $61.1M | $41.6M | ||
| Q2 25 | $59.7M | $119.0M | ||
| Q1 25 | $36.7M | $146.1M | ||
| Q4 24 | $90.6M | $28.1M | ||
| Q3 24 | $68.8M | $46.4M | ||
| Q2 24 | $40.6M | $100.0M | ||
| Q1 24 | $31.3M | $145.6M |
自由现金流FSSPATH
| Q4 25 | $89.5M | $25.1M | ||
| Q3 25 | $54.1M | — | ||
| Q2 25 | $52.4M | $106.2M | ||
| Q1 25 | $31.1M | $138.7M | ||
| Q4 24 | $82.1M | $23.2M | ||
| Q3 24 | $60.9M | $45.0M | ||
| Q2 24 | $24.8M | $98.8M | ||
| Q1 24 | $22.9M | $141.8M |
自由现金流率FSSPATH
| Q4 25 | 15.0% | 6.1% | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 9.3% | 29.8% | ||
| Q1 25 | 6.7% | 32.7% | ||
| Q4 24 | 17.4% | 6.5% | ||
| Q3 24 | 12.8% | 14.2% | ||
| Q2 24 | 5.1% | 29.5% | ||
| Q1 24 | 5.4% | 35.0% |
资本支出强度FSSPATH
| Q4 25 | 1.3% | 0.8% | ||
| Q3 25 | 1.3% | 0.0% | ||
| Q2 25 | 1.3% | 3.6% | ||
| Q1 25 | 1.2% | 1.7% | ||
| Q4 24 | 1.8% | 1.4% | ||
| Q3 24 | 1.7% | 0.4% | ||
| Q2 24 | 3.2% | 0.4% | ||
| Q1 24 | 2.0% | 0.9% |
现金转化率FSSPATH
| Q4 25 | 1.60× | 0.14× | ||
| Q3 25 | 0.90× | 26.25× | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.79× | 2.82× | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | 0.61× | 4.29× |
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% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
