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FEDERAL SIGNAL CORP（FSS）与Ryman Hospitality Properties, Inc.（RHP）财务数据对比。点击上方公司名可切换其他公司
Ryman Hospitality Properties, Inc.的季度营收约是FEDERAL SIGNAL CORP的1.2倍（$737.8M vs $597.1M），FEDERAL SIGNAL CORP净利率更高（10.2% vs 10.1%，领先0.1%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 13.9%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $58.5M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 18.2%）
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。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
FSS vs RHP — 直观对比
营收规模更大
RHP
是对方的1.2倍
$597.1M
营收增速更快
FSS
高出12.6%
13.9%
净利率更高
FSS
高出0.1%
10.1%
自由现金流更多
FSS
多$31.0M
$58.5M
两年增速更快
FSS
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $737.8M |
| 净利润 | $60.8M | $74.5M |
| 毛利率 | 28.4% | 41.4% |
| 营业利润率 | 14.0% | 19.4% |
| 净利率 | 10.2% | 10.1% |
| 营收同比 | 26.5% | 13.9% |
| 净利润同比 | 21.6% | 3.0% |
| 每股收益（稀释后） | $0.99 | $1.12 |
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FSSRHP
| Q4 25 | $597.1M | $737.8M | ||
| Q3 25 | $555.0M | $592.5M | ||
| Q2 25 | $564.6M | $659.5M | ||
| Q1 25 | $463.8M | $587.3M | ||
| Q4 24 | $472.0M | $647.6M | ||
| Q3 24 | $474.2M | $550.0M | ||
| Q2 24 | $490.4M | $613.3M | ||
| Q1 24 | $424.9M | $528.3M |
净利润FSSRHP
| Q4 25 | $60.8M | $74.5M | ||
| Q3 25 | $68.1M | $34.9M | ||
| Q2 25 | $71.4M | $71.8M | ||
| Q1 25 | $46.3M | $63.0M | ||
| Q4 24 | $50.0M | $72.3M | ||
| Q3 24 | $53.9M | $59.0M | ||
| Q2 24 | $60.8M | $100.8M | ||
| Q1 24 | $51.6M | $42.8M |
毛利率FSSRHP
| Q4 25 | 28.4% | 41.4% | ||
| Q3 25 | 29.1% | 40.9% | ||
| Q2 25 | 30.0% | 49.7% | ||
| Q1 25 | 28.2% | 44.4% | ||
| Q4 24 | 28.1% | 40.4% | ||
| Q3 24 | 29.6% | 43.1% | ||
| Q2 24 | 29.4% | 48.4% | ||
| Q1 24 | 27.3% | 41.5% |
营业利润率FSSRHP
| Q4 25 | 14.0% | 19.4% | ||
| Q3 25 | 16.9% | 15.0% | ||
| Q2 25 | 17.3% | 21.1% | ||
| Q1 25 | 14.2% | 19.8% | ||
| Q4 24 | 14.9% | 18.6% | ||
| Q3 24 | 16.0% | 19.3% | ||
| Q2 24 | 16.5% | 27.4% | ||
| Q1 24 | 12.8% | 18.2% |
净利率FSSRHP
| Q4 25 | 10.2% | 10.1% | ||
| Q3 25 | 12.3% | 5.9% | ||
| Q2 25 | 12.6% | 10.9% | ||
| Q1 25 | 10.0% | 10.7% | ||
| Q4 24 | 10.6% | 11.2% | ||
| Q3 24 | 11.4% | 10.7% | ||
| Q2 24 | 12.4% | 16.4% | ||
| Q1 24 | 12.1% | 8.1% |
每股收益（稀释后）FSSRHP
| Q4 25 | $0.99 | $1.12 | ||
| Q3 25 | $1.11 | $0.53 | ||
| Q2 25 | $1.16 | $1.12 | ||
| Q1 25 | $0.75 | $1.00 | ||
| Q4 24 | $0.80 | $1.12 | ||
| Q3 24 | $0.87 | $0.94 | ||
| Q2 24 | $0.99 | $1.65 | ||
| Q1 24 | $0.84 | $0.67 |
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 | $471.4M |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $750.2M |
| 总资产 | $2.4B | $6.2B |
| 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FSSRHP
| Q4 25 | $63.7M | $471.4M | ||
| Q3 25 | $54.4M | $483.3M | ||
| Q2 25 | $64.7M | $420.6M | ||
| Q1 25 | $57.5M | $413.9M | ||
| Q4 24 | $91.1M | $477.7M | ||
| Q3 24 | $73.7M | $534.9M | ||
| Q2 24 | $48.6M | $498.4M | ||
| Q1 24 | $48.9M | $465.3M |
总债务FSSRHP
| 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FSSRHP
| Q4 25 | $1.4B | $750.2M | ||
| Q3 25 | $1.3B | $758.5M | ||
| Q2 25 | $1.3B | $800.4M | ||
| Q1 25 | $1.2B | $531.5M | ||
| Q4 24 | $1.2B | $549.0M | ||
| Q3 24 | $1.1B | $551.9M | ||
| Q2 24 | $1.1B | $562.6M | ||
| Q1 24 | $1.0B | $529.9M |
总资产FSSRHP
| Q4 25 | $2.4B | $6.2B | ||
| Q3 25 | $1.9B | $6.2B | ||
| Q2 25 | $1.9B | $6.1B | ||
| Q1 25 | $1.9B | $5.2B | ||
| Q4 24 | $1.8B | $5.2B | ||
| Q3 24 | $1.7B | $5.2B | ||
| Q2 24 | $1.7B | $5.1B | ||
| Q1 24 | $1.7B | $5.1B |
负债/权益比FSSRHP
| 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 | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $58.5M |
| 自由现金流率自由现金流/营收 | 15.0% | 7.9% |
| 资本支出强度资本支出/营收 | 1.3% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.60× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $227.1M | $232.4M |
8季度趋势，按日历期对齐
经营现金流FSSRHP
| Q4 25 | $97.2M | $164.7M | ||
| Q3 25 | $61.1M | $205.2M | ||
| Q2 25 | $59.7M | $122.5M | ||
| Q1 25 | $36.7M | $98.2M | ||
| Q4 24 | $90.6M | $166.6M | ||
| Q3 24 | $68.8M | $218.1M | ||
| Q2 24 | $40.6M | $184.3M | ||
| Q1 24 | $31.3M | $7.5M |
自由现金流FSSRHP
| Q4 25 | $89.5M | $58.5M | ||
| Q3 25 | $54.1M | $135.4M | ||
| Q2 25 | $52.4M | $53.0M | ||
| Q1 25 | $31.1M | $-14.5M | ||
| Q4 24 | $82.1M | $76.0M | ||
| Q3 24 | $60.9M | $85.7M | ||
| Q2 24 | $24.8M | $78.8M | ||
| Q1 24 | $22.9M | $-72.0M |
自由现金流率FSSRHP
| Q4 25 | 15.0% | 7.9% | ||
| Q3 25 | 9.7% | 22.9% | ||
| Q2 25 | 9.3% | 8.0% | ||
| Q1 25 | 6.7% | -2.5% | ||
| Q4 24 | 17.4% | 11.7% | ||
| Q3 24 | 12.8% | 15.6% | ||
| Q2 24 | 5.1% | 12.9% | ||
| Q1 24 | 5.4% | -13.6% |
资本支出强度FSSRHP
| Q4 25 | 1.3% | 14.4% | ||
| Q3 25 | 1.3% | 11.8% | ||
| Q2 25 | 1.3% | 10.5% | ||
| Q1 25 | 1.2% | 19.2% | ||
| Q4 24 | 1.8% | 14.0% | ||
| Q3 24 | 1.7% | 24.1% | ||
| Q2 24 | 3.2% | 17.2% | ||
| Q1 24 | 2.0% | 15.0% |
现金转化率FSSRHP
| Q4 25 | 1.60× | 2.21× | ||
| Q3 25 | 0.90× | 5.88× | ||
| Q2 25 | 0.84× | 1.71× | ||
| Q1 25 | 0.79× | 1.56× | ||
| Q4 24 | 1.81× | 2.30× | ||
| Q3 24 | 1.28× | 3.70× | ||
| Q2 24 | 0.67× | 1.83× | ||
| Q1 24 | 0.61× | 0.17× |
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% |
RHP
| Hotel Other | $157.7M | 21% |
| Gaylord Opryland | $147.4M | 20% |
| Hotel Transient Rooms | $93.6M | 13% |
| Hotel Food And Beverage Outlets | $92.2M | 12% |
| Gaylord Palms | $88.2M | 12% |
| Jw Marriott Hill Country | $53.7M | 7% |
| Entertainment Admissions And Ticketing | $43.1M | 6% |
| Entertainment Food And Beverage | $38.1M | 5% |
| Entertainment Retail And Other | $28.3M | 4% |
| Ac Hotel | $2.4M | 0% |
