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FEDERAL SIGNAL CORP（FSS）与PROCORE TECHNOLOGIES, INC.（PCOR）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PROCORE TECHNOLOGIES, INC.的1.7倍（$597.1M vs $349.1M），FEDERAL SIGNAL CORP净利率更高（10.2% vs -10.8%，领先21.0%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 15.6%），PROCORE TECHNOLOGIES, INC.自由现金流更多（$109.2M vs $89.5M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 13.8%）
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。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
FSS vs PCOR — 直观对比
营收规模更大
FSS
是对方的1.7倍
$349.1M
营收增速更快
FSS
高出10.9%
15.6%
净利率更高
FSS
高出21.0%
-10.8%
自由现金流更多
PCOR
多$19.7M
$89.5M
两年增速更快
FSS
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $349.1M |
| 净利润 | $60.8M | $-37.6M |
| 毛利率 | 28.4% | 80.1% |
| 营业利润率 | 14.0% | -12.3% |
| 净利率 | 10.2% | -10.8% |
| 营收同比 | 26.5% | 15.6% |
| 净利润同比 | 21.6% | 39.6% |
| 每股收益（稀释后） | $0.99 | $-0.25 |
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FSSPCOR
| Q4 25 | $597.1M | $349.1M | ||
| Q3 25 | $555.0M | $338.9M | ||
| Q2 25 | $564.6M | $323.9M | ||
| Q1 25 | $463.8M | $310.6M | ||
| Q4 24 | $472.0M | $302.0M | ||
| Q3 24 | $474.2M | $295.9M | ||
| Q2 24 | $490.4M | $284.3M | ||
| Q1 24 | $424.9M | $269.4M |
净利润FSSPCOR
| Q4 25 | $60.8M | $-37.6M | ||
| Q3 25 | $68.1M | $-9.1M | ||
| Q2 25 | $71.4M | $-21.1M | ||
| Q1 25 | $46.3M | $-33.0M | ||
| Q4 24 | $50.0M | $-62.3M | ||
| Q3 24 | $53.9M | $-26.4M | ||
| Q2 24 | $60.8M | $-6.3M | ||
| Q1 24 | $51.6M | $-11.0M |
毛利率FSSPCOR
| Q4 25 | 28.4% | 80.1% | ||
| Q3 25 | 29.1% | 79.7% | ||
| Q2 25 | 30.0% | 79.1% | ||
| Q1 25 | 28.2% | 79.1% | ||
| Q4 24 | 28.1% | 81.2% | ||
| Q3 24 | 29.6% | 81.4% | ||
| Q2 24 | 29.4% | 83.1% | ||
| Q1 24 | 27.3% | 83.0% |
营业利润率FSSPCOR
| Q4 25 | 14.0% | -12.3% | ||
| Q3 25 | 16.9% | -4.4% | ||
| Q2 25 | 17.3% | -9.3% | ||
| Q1 25 | 14.2% | -11.7% | ||
| Q4 24 | 14.9% | -21.9% | ||
| Q3 24 | 16.0% | -12.3% | ||
| Q2 24 | 16.5% | -5.2% | ||
| Q1 24 | 12.8% | -7.0% |
净利率FSSPCOR
| Q4 25 | 10.2% | -10.8% | ||
| Q3 25 | 12.3% | -2.7% | ||
| Q2 25 | 12.6% | -6.5% | ||
| Q1 25 | 10.0% | -10.6% | ||
| Q4 24 | 10.6% | -20.6% | ||
| Q3 24 | 11.4% | -8.9% | ||
| Q2 24 | 12.4% | -2.2% | ||
| Q1 24 | 12.1% | -4.1% |
每股收益（稀释后）FSSPCOR
| Q4 25 | $0.99 | $-0.25 | ||
| Q3 25 | $1.11 | $-0.06 | ||
| Q2 25 | $1.16 | $-0.14 | ||
| Q1 25 | $0.75 | $-0.22 | ||
| Q4 24 | $0.80 | $-0.42 | ||
| Q3 24 | $0.87 | $-0.18 | ||
| Q2 24 | $0.99 | $-0.04 | ||
| Q1 24 | $0.84 | $-0.08 |
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 | $768.5M |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $1.3B |
| 总资产 | $2.4B | $2.2B |
| 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FSSPCOR
| Q4 25 | $63.7M | $768.5M | ||
| Q3 25 | $54.4M | $684.0M | ||
| Q2 25 | $64.7M | $620.9M | ||
| Q1 25 | $57.5M | $566.7M | ||
| Q4 24 | $91.1M | $775.4M | ||
| Q3 24 | $73.7M | $756.9M | ||
| Q2 24 | $48.6M | $735.4M | ||
| Q1 24 | $48.9M | $744.6M |
总债务FSSPCOR
| 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FSSPCOR
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.0B | $1.2B |
总资产FSSPCOR
| Q4 25 | $2.4B | $2.2B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.7B | $2.0B | ||
| Q2 24 | $1.7B | $2.0B | ||
| Q1 24 | $1.7B | $1.9B |
负债/权益比FSSPCOR
| 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 | $114.9M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $109.2M |
| 自由现金流率自由现金流/营收 | 15.0% | 31.3% |
| 资本支出强度资本支出/营收 | 1.3% | 1.6% |
| 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 | $282.2M |
8季度趋势，按日历期对齐
经营现金流FSSPCOR
| Q4 25 | $97.2M | $114.9M | ||
| Q3 25 | $61.1M | $88.5M | ||
| Q2 25 | $59.7M | $30.8M | ||
| Q1 25 | $36.7M | $66.0M | ||
| Q4 24 | $90.6M | $29.1M | ||
| Q3 24 | $68.8M | $39.3M | ||
| Q2 24 | $40.6M | $58.7M | ||
| Q1 24 | $31.3M | $69.1M |
自由现金流FSSPCOR
| Q4 25 | $89.5M | $109.2M | ||
| Q3 25 | $54.1M | $83.1M | ||
| Q2 25 | $52.4M | $27.9M | ||
| Q1 25 | $31.1M | $62.0M | ||
| Q4 24 | $82.1M | $17.4M | ||
| Q3 24 | $60.9M | $35.7M | ||
| Q2 24 | $24.8M | $56.8M | ||
| Q1 24 | $22.9M | $67.1M |
自由现金流率FSSPCOR
| Q4 25 | 15.0% | 31.3% | ||
| Q3 25 | 9.7% | 24.5% | ||
| Q2 25 | 9.3% | 8.6% | ||
| Q1 25 | 6.7% | 20.0% | ||
| Q4 24 | 17.4% | 5.8% | ||
| Q3 24 | 12.8% | 12.1% | ||
| Q2 24 | 5.1% | 20.0% | ||
| Q1 24 | 5.4% | 24.9% |
资本支出强度FSSPCOR
| Q4 25 | 1.3% | 1.6% | ||
| Q3 25 | 1.3% | 1.6% | ||
| Q2 25 | 1.3% | 0.9% | ||
| Q1 25 | 1.2% | 1.3% | ||
| Q4 24 | 1.8% | 3.9% | ||
| Q3 24 | 1.7% | 1.2% | ||
| Q2 24 | 3.2% | 0.7% | ||
| Q1 24 | 2.0% | 0.8% |
现金转化率FSSPCOR
| 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× | — | ||
| 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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
