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FEDERAL SIGNAL CORP（FSS）与Regency Centers（REG）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Regency Centers的1.5倍（$597.1M vs $404.2M），Regency Centers净利率更高（50.1% vs 10.2%，领先39.9%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 8.5%），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 5.4%）
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。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
FSS vs REG — 直观对比
营收规模更大
FSS
是对方的1.5倍
$404.2M
营收增速更快
FSS
高出18.0%
8.5%
净利率更高
REG
高出39.9%
10.2%
两年增速更快
FSS
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $404.2M |
| 净利润 | $60.8M | $202.5M |
| 毛利率 | 28.4% | — |
| 营业利润率 | 14.0% | 71.0% |
| 净利率 | 10.2% | 50.1% |
| 营收同比 | 26.5% | 8.5% |
| 净利润同比 | 21.6% | 134.1% |
| 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FSSREG
| Q4 25 | $597.1M | $404.2M | ||
| Q3 25 | $555.0M | $387.6M | ||
| Q2 25 | $564.6M | $380.8M | ||
| Q1 25 | $463.8M | $380.9M | ||
| Q4 24 | $472.0M | $372.5M | ||
| Q3 24 | $474.2M | $360.3M | ||
| Q2 24 | $490.4M | $357.3M | ||
| Q1 24 | $424.9M | $363.9M |
净利润FSSREG
| Q4 25 | $60.8M | $202.5M | ||
| Q3 25 | $68.1M | $109.4M | ||
| Q2 25 | $71.4M | $106.0M | ||
| Q1 25 | $46.3M | $109.6M | ||
| Q4 24 | $50.0M | $86.5M | ||
| Q3 24 | $53.9M | $101.5M | ||
| Q2 24 | $60.8M | $102.7M | ||
| Q1 24 | $51.6M | $109.8M |
毛利率FSSREG
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | 28.2% | — | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 29.4% | — | ||
| Q1 24 | 27.3% | — |
营业利润率FSSREG
| Q4 25 | 14.0% | 71.0% | ||
| Q3 25 | 16.9% | 72.7% | ||
| Q2 25 | 17.3% | 73.8% | ||
| Q1 25 | 14.2% | 71.8% | ||
| Q4 24 | 14.9% | 71.1% | ||
| Q3 24 | 16.0% | 72.5% | ||
| Q2 24 | 16.5% | 72.3% | ||
| Q1 24 | 12.8% | 72.3% |
净利率FSSREG
| Q4 25 | 10.2% | 50.1% | ||
| Q3 25 | 12.3% | 28.2% | ||
| Q2 25 | 12.6% | 27.8% | ||
| Q1 25 | 10.0% | 28.8% | ||
| Q4 24 | 10.6% | 23.2% | ||
| Q3 24 | 11.4% | 28.2% | ||
| Q2 24 | 12.4% | 28.7% | ||
| Q1 24 | 12.1% | 30.2% |
每股收益（稀释后）FSSREG
| 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 | — |
| 总债务越低越好 | $564.6M | $4.7B |
| 股东权益账面价值 | $1.4B | $6.9B |
| 总资产 | $2.4B | $13.0B |
| 负债/权益比越低杠杆越低 | 0.41× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资FSSREG
| Q4 25 | $63.7M | — | ||
| Q3 25 | $54.4M | — | ||
| Q2 25 | $64.7M | — | ||
| Q1 25 | $57.5M | — | ||
| Q4 24 | $91.1M | — | ||
| Q3 24 | $73.7M | — | ||
| Q2 24 | $48.6M | — | ||
| Q1 24 | $48.9M | — |
总债务FSSREG
| Q4 25 | $564.6M | $4.7B | ||
| Q3 25 | $201.2M | $4.9B | ||
| Q2 25 | $258.3M | $4.8B | ||
| Q1 25 | $266.9M | $4.6B | ||
| Q4 24 | $204.4M | $4.4B | ||
| Q3 24 | $223.3M | $4.4B | ||
| Q2 24 | $248.8M | $4.4B | ||
| Q1 24 | $266.8M | $4.4B |
股东权益FSSREG
| Q4 25 | $1.4B | $6.9B | ||
| Q3 25 | $1.3B | $6.8B | ||
| Q2 25 | $1.3B | $6.7B | ||
| Q1 25 | $1.2B | $6.7B | ||
| Q4 24 | $1.2B | $6.7B | ||
| Q3 24 | $1.1B | $6.8B | ||
| Q2 24 | $1.1B | $6.8B | ||
| Q1 24 | $1.0B | $7.0B |
总资产FSSREG
| Q4 25 | $2.4B | $13.0B | ||
| Q3 25 | $1.9B | $13.1B | ||
| Q2 25 | $1.9B | $12.7B | ||
| Q1 25 | $1.9B | $12.6B | ||
| Q4 24 | $1.8B | $12.4B | ||
| Q3 24 | $1.7B | $12.4B | ||
| Q2 24 | $1.7B | $12.4B | ||
| Q1 24 | $1.7B | $12.7B |
负债/权益比FSSREG
| Q4 25 | 0.41× | 0.69× | ||
| Q3 25 | 0.15× | 0.72× | ||
| Q2 25 | 0.20× | 0.72× | ||
| Q1 25 | 0.22× | 0.69× | ||
| Q4 24 | 0.17× | 0.66× | ||
| Q3 24 | 0.19× | 0.65× | ||
| Q2 24 | 0.23× | 0.64× | ||
| Q1 24 | 0.26× | 0.63× |
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 | $203.9M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | — |
| 自由现金流率自由现金流/营收 | 15.0% | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | 1.60× | 1.01× |
| 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FSSREG
| Q4 25 | $97.2M | $203.9M | ||
| Q3 25 | $61.1M | $218.7M | ||
| Q2 25 | $59.7M | $244.0M | ||
| Q1 25 | $36.7M | $161.0M | ||
| Q4 24 | $90.6M | $191.4M | ||
| Q3 24 | $68.8M | $227.6M | ||
| Q2 24 | $40.6M | $203.5M | ||
| Q1 24 | $31.3M | $167.8M |
自由现金流FSSREG
| 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 | — | ||
| Q1 24 | $22.9M | — |
自由现金流率FSSREG
| 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% | — | ||
| Q1 24 | 5.4% | — |
资本支出强度FSSREG
| 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% | — | ||
| Q1 24 | 2.0% | — |
现金转化率FSSREG
| Q4 25 | 1.60× | 1.01× | ||
| Q3 25 | 0.90× | 2.00× | ||
| Q2 25 | 0.84× | 2.30× | ||
| Q1 25 | 0.79× | 1.47× | ||
| Q4 24 | 1.81× | 2.21× | ||
| Q3 24 | 1.28× | 2.24× | ||
| Q2 24 | 0.67× | 1.98× | ||
| Q1 24 | 0.61× | 1.53× |
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% |
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
