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FEDERAL SIGNAL CORP（FSS）与POTLATCHDELTIC CORP（PCH）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POTLATCHDELTIC CORP的1.9倍（$597.1M vs $314.2M），FEDERAL SIGNAL CORP净利率更高（10.2% vs 8.2%，领先1.9%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 23.1%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $50.1M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 11.1%）
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。
PotlatchDeltic是一家总部位于美国华盛顿州斯波坎的多元化林产品企业，业务覆盖林木培育、木材加工及相关林制品的生产与供应，在林业资源管理和产品研发领域拥有成熟的运营体系，为建筑、家居等多个下游行业提供优质原材料与产品解决方案。
FSS vs PCH — 直观对比
营收规模更大
FSS
是对方的1.9倍
$314.2M
营收增速更快
FSS
高出3.4%
23.1%
净利率更高
FSS
高出1.9%
8.2%
自由现金流更多
FSS
多$39.4M
$50.1M
两年增速更快
FSS
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $314.2M |
| 净利润 | $60.8M | $25.9M |
| 毛利率 | 28.4% | 18.2% |
| 营业利润率 | 14.0% | 11.2% |
| 净利率 | 10.2% | 8.2% |
| 营收同比 | 26.5% | 23.1% |
| 净利润同比 | 21.6% | 682.5% |
| 每股收益（稀释后） | $0.99 | $0.33 |
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FSSPCH
| Q4 25 | $597.1M | — | ||
| Q3 25 | $555.0M | $314.2M | ||
| Q2 25 | $564.6M | $275.0M | ||
| Q1 25 | $463.8M | $268.3M | ||
| Q4 24 | $472.0M | $258.1M | ||
| Q3 24 | $474.2M | $255.1M | ||
| Q2 24 | $490.4M | $320.7M | ||
| Q1 24 | $424.9M | $228.1M |
净利润FSSPCH
| Q4 25 | $60.8M | — | ||
| Q3 25 | $68.1M | $25.9M | ||
| Q2 25 | $71.4M | $7.4M | ||
| Q1 25 | $46.3M | $25.8M | ||
| Q4 24 | $50.0M | $5.2M | ||
| Q3 24 | $53.9M | $3.3M | ||
| Q2 24 | $60.8M | $13.7M | ||
| Q1 24 | $51.6M | $-305.0K |
毛利率FSSPCH
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.1% | 18.2% | ||
| Q2 25 | 30.0% | 13.0% | ||
| Q1 25 | 28.2% | 17.8% | ||
| Q4 24 | 28.1% | 13.4% | ||
| Q3 24 | 29.6% | 10.8% | ||
| Q2 24 | 29.4% | 11.9% | ||
| Q1 24 | 27.3% | 7.0% |
营业利润率FSSPCH
| Q4 25 | 14.0% | — | ||
| Q3 25 | 16.9% | 11.2% | ||
| Q2 25 | 17.3% | 5.0% | ||
| Q1 25 | 14.2% | 10.3% | ||
| Q4 24 | 14.9% | 5.2% | ||
| Q3 24 | 16.0% | 2.8% | ||
| Q2 24 | 16.5% | 5.4% | ||
| Q1 24 | 12.8% | -2.1% |
净利率FSSPCH
| Q4 25 | 10.2% | — | ||
| Q3 25 | 12.3% | 8.2% | ||
| Q2 25 | 12.6% | 2.7% | ||
| Q1 25 | 10.0% | 9.6% | ||
| Q4 24 | 10.6% | 2.0% | ||
| Q3 24 | 11.4% | 1.3% | ||
| Q2 24 | 12.4% | 4.3% | ||
| Q1 24 | 12.1% | -0.1% |
每股收益（稀释后）FSSPCH
| Q4 25 | $0.99 | — | ||
| Q3 25 | $1.11 | $0.33 | ||
| Q2 25 | $1.16 | $0.09 | ||
| Q1 25 | $0.75 | $0.33 | ||
| Q4 24 | $0.80 | $0.07 | ||
| Q3 24 | $0.87 | $0.04 | ||
| Q2 24 | $0.99 | $0.17 | ||
| Q1 24 | $0.84 | $0.00 |
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 | $88.8M |
| 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 | $3.2B |
| 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FSSPCH
| Q4 25 | $63.7M | — | ||
| Q3 25 | $54.4M | $88.8M | ||
| Q2 25 | $64.7M | $95.3M | ||
| Q1 25 | $57.5M | $147.5M | ||
| Q4 24 | $91.1M | $151.6M | ||
| Q3 24 | $73.7M | $161.1M | ||
| Q2 24 | $48.6M | $199.7M | ||
| Q1 24 | $48.9M | $180.2M |
总债务FSSPCH
| Q4 25 | $564.6M | — | ||
| Q3 25 | $201.2M | — | ||
| Q2 25 | $258.3M | — | ||
| Q1 25 | $266.9M | — | ||
| Q4 24 | $204.4M | $1.0B | ||
| Q3 24 | $223.3M | — | ||
| Q2 24 | $248.8M | — | ||
| Q1 24 | $266.8M | — |
股东权益FSSPCH
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | $1.9B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.2B | $2.0B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $1.1B | $2.1B | ||
| Q1 24 | $1.0B | $2.2B |
总资产FSSPCH
| Q4 25 | $2.4B | — | ||
| Q3 25 | $1.9B | $3.2B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $1.9B | $3.3B | ||
| Q4 24 | $1.8B | $3.3B | ||
| Q3 24 | $1.7B | $3.3B | ||
| Q2 24 | $1.7B | $3.4B | ||
| Q1 24 | $1.7B | $3.4B |
负债/权益比FSSPCH
| Q4 25 | 0.41× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.17× | 0.51× | ||
| 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 | $65.7M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $50.1M |
| 自由现金流率自由现金流/营收 | 15.0% | 15.9% |
| 资本支出强度资本支出/营收 | 1.3% | 4.9% |
| 现金转化率经营现金流/净利润 | 1.60× | 2.54× |
| 过去12个月自由现金流最近4个季度 | $227.1M | $132.4M |
8季度趋势，按日历期对齐
经营现金流FSSPCH
| Q4 25 | $97.2M | — | ||
| Q3 25 | $61.1M | $65.7M | ||
| Q2 25 | $59.7M | $41.0M | ||
| Q1 25 | $36.7M | $49.1M | ||
| Q4 24 | $90.6M | $45.4M | ||
| Q3 24 | $68.8M | $26.5M | ||
| Q2 24 | $40.6M | $100.6M | ||
| Q1 24 | $31.3M | $16.0M |
自由现金流FSSPCH
| Q4 25 | $89.5M | — | ||
| Q3 25 | $54.1M | $50.1M | ||
| Q2 25 | $52.4M | $30.6M | ||
| Q1 25 | $31.1M | $26.3M | ||
| Q4 24 | $82.1M | $25.4M | ||
| Q3 24 | $60.9M | $-8.2M | ||
| Q2 24 | $24.8M | $72.4M | ||
| Q1 24 | $22.9M | $2.0M |
自由现金流率FSSPCH
| Q4 25 | 15.0% | — | ||
| Q3 25 | 9.7% | 15.9% | ||
| Q2 25 | 9.3% | 11.1% | ||
| Q1 25 | 6.7% | 9.8% | ||
| Q4 24 | 17.4% | 9.9% | ||
| Q3 24 | 12.8% | -3.2% | ||
| Q2 24 | 5.1% | 22.6% | ||
| Q1 24 | 5.4% | 0.9% |
资本支出强度FSSPCH
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.3% | 4.9% | ||
| Q2 25 | 1.3% | 3.8% | ||
| Q1 25 | 1.2% | 8.5% | ||
| Q4 24 | 1.8% | 7.7% | ||
| Q3 24 | 1.7% | 13.6% | ||
| Q2 24 | 3.2% | 8.8% | ||
| Q1 24 | 2.0% | 6.1% |
现金转化率FSSPCH
| Q4 25 | 1.60× | — | ||
| Q3 25 | 0.90× | 2.54× | ||
| Q2 25 | 0.84× | 5.58× | ||
| Q1 25 | 0.79× | 1.90× | ||
| Q4 24 | 1.81× | 8.74× | ||
| Q3 24 | 1.28× | 7.99× | ||
| Q2 24 | 0.67× | 7.35× | ||
| Q1 24 | 0.61× | — |
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% |
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
