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FEDERAL SIGNAL CORP（FSS）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
越洋钻探的季度营收约是FEDERAL SIGNAL CORP的1.7倍（$1.0B vs $597.1M），FEDERAL SIGNAL CORP净利率更高（10.2% vs 2.4%，领先7.8%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $89.5M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 16.9%）
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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
FSS vs RIG — 直观对比
营收规模更大
RIG
是对方的1.7倍
$597.1M
营收增速更快
FSS
高出16.9%
9.6%
净利率更高
FSS
高出7.8%
2.4%
自由现金流更多
RIG
多$231.5M
$89.5M
两年增速更快
FSS
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $1.0B |
| 净利润 | $60.8M | $25.0M |
| 毛利率 | 28.4% | 42.0% |
| 营业利润率 | 14.0% | 23.0% |
| 净利率 | 10.2% | 2.4% |
| 营收同比 | 26.5% | 9.6% |
| 净利润同比 | 21.6% | 257.1% |
| 每股收益（稀释后） | $0.99 | $0.13 |
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FSSRIG
| Q4 25 | $597.1M | $1.0B | ||
| Q3 25 | $555.0M | $1.0B | ||
| Q2 25 | $564.6M | $988.0M | ||
| Q1 25 | $463.8M | $906.0M | ||
| Q4 24 | $472.0M | $952.0M | ||
| Q3 24 | $474.2M | $948.0M | ||
| Q2 24 | $490.4M | $861.0M | ||
| Q1 24 | $424.9M | $763.0M |
净利润FSSRIG
| Q4 25 | $60.8M | $25.0M | ||
| Q3 25 | $68.1M | $-1.9B | ||
| Q2 25 | $71.4M | $-938.0M | ||
| Q1 25 | $46.3M | $-79.0M | ||
| Q4 24 | $50.0M | $7.0M | ||
| Q3 24 | $53.9M | $-494.0M | ||
| Q2 24 | $60.8M | $-123.0M | ||
| Q1 24 | $51.6M | $98.0M |
毛利率FSSRIG
| Q4 25 | 28.4% | 42.0% | ||
| Q3 25 | 29.1% | 43.2% | ||
| Q2 25 | 30.0% | 39.4% | ||
| Q1 25 | 28.2% | 31.8% | ||
| Q4 24 | 28.1% | 39.2% | ||
| Q3 24 | 29.6% | 40.6% | ||
| Q2 24 | 29.4% | 38.0% | ||
| Q1 24 | 27.3% | 31.5% |
营业利润率FSSRIG
| Q4 25 | 14.0% | 23.0% | ||
| Q3 25 | 16.9% | -163.1% | ||
| Q2 25 | 17.3% | -97.6% | ||
| Q1 25 | 14.2% | 7.1% | ||
| Q4 24 | 14.9% | 13.7% | ||
| Q3 24 | 16.0% | -51.2% | ||
| Q2 24 | 16.5% | -6.9% | ||
| Q1 24 | 12.8% | -0.4% |
净利率FSSRIG
| Q4 25 | 10.2% | 2.4% | ||
| Q3 25 | 12.3% | -187.1% | ||
| Q2 25 | 12.6% | -94.9% | ||
| Q1 25 | 10.0% | -8.7% | ||
| Q4 24 | 10.6% | 0.7% | ||
| Q3 24 | 11.4% | -52.1% | ||
| Q2 24 | 12.4% | -14.3% | ||
| Q1 24 | 12.1% | 12.8% |
每股收益（稀释后）FSSRIG
| Q4 25 | $0.99 | $0.13 | ||
| Q3 25 | $1.11 | $-2.00 | ||
| Q2 25 | $1.16 | $-1.06 | ||
| Q1 25 | $0.75 | $-0.11 | ||
| Q4 24 | $0.80 | $-0.14 | ||
| Q3 24 | $0.87 | $-0.58 | ||
| Q2 24 | $0.99 | $-0.15 | ||
| Q1 24 | $0.84 | $0.11 |
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 | $620.0M |
| 总债务越低越好 | $564.6M | $5.2B |
| 股东权益账面价值 | $1.4B | $8.1B |
| 总资产 | $2.4B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.41× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资FSSRIG
| Q4 25 | $63.7M | $620.0M | ||
| Q3 25 | $54.4M | $833.0M | ||
| Q2 25 | $64.7M | $377.0M | ||
| Q1 25 | $57.5M | $263.0M | ||
| Q4 24 | $91.1M | $560.0M | ||
| Q3 24 | $73.7M | $435.0M | ||
| Q2 24 | $48.6M | $475.0M | ||
| Q1 24 | $48.9M | $446.0M |
总债务FSSRIG
| Q4 25 | $564.6M | $5.2B | ||
| Q3 25 | $201.2M | $4.8B | ||
| Q2 25 | $258.3M | $5.9B | ||
| Q1 25 | $266.9M | $5.9B | ||
| Q4 24 | $204.4M | $6.2B | ||
| Q3 24 | $223.3M | $6.5B | ||
| Q2 24 | $248.8M | $6.8B | ||
| Q1 24 | $266.8M | $6.8B |
股东权益FSSRIG
| Q4 25 | $1.4B | $8.1B | ||
| Q3 25 | $1.3B | $8.1B | ||
| Q2 25 | $1.3B | $9.4B | ||
| Q1 25 | $1.2B | $10.2B | ||
| Q4 24 | $1.2B | $10.3B | ||
| Q3 24 | $1.1B | $10.2B | ||
| Q2 24 | $1.1B | $10.7B | ||
| Q1 24 | $1.0B | $10.5B |
总资产FSSRIG
| Q4 25 | $2.4B | $15.6B | ||
| Q3 25 | $1.9B | $16.2B | ||
| Q2 25 | $1.9B | $17.8B | ||
| Q1 25 | $1.9B | $19.0B | ||
| Q4 24 | $1.8B | $19.4B | ||
| Q3 24 | $1.7B | $19.5B | ||
| Q2 24 | $1.7B | $20.3B | ||
| Q1 24 | $1.7B | $19.9B |
负债/权益比FSSRIG
| Q4 25 | 0.41× | 0.64× | ||
| Q3 25 | 0.15× | 0.60× | ||
| Q2 25 | 0.20× | 0.63× | ||
| Q1 25 | 0.22× | 0.58× | ||
| Q4 24 | 0.17× | 0.60× | ||
| Q3 24 | 0.19× | 0.64× | ||
| Q2 24 | 0.23× | 0.63× | ||
| Q1 24 | 0.26× | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $321.0M |
| 自由现金流率自由现金流/营收 | 15.0% | 30.8% |
| 资本支出强度资本支出/营收 | 1.3% | 2.7% |
| 现金转化率经营现金流/净利润 | 1.60× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $227.1M | $626.0M |
8季度趋势，按日历期对齐
经营现金流FSSRIG
| Q4 25 | $97.2M | $349.0M | ||
| Q3 25 | $61.1M | $246.0M | ||
| Q2 25 | $59.7M | $128.0M | ||
| Q1 25 | $36.7M | $26.0M | ||
| Q4 24 | $90.6M | $206.0M | ||
| Q3 24 | $68.8M | $194.0M | ||
| Q2 24 | $40.6M | $133.0M | ||
| Q1 24 | $31.3M | $-86.0M |
自由现金流FSSRIG
| Q4 25 | $89.5M | $321.0M | ||
| Q3 25 | $54.1M | $235.0M | ||
| Q2 25 | $52.4M | $104.0M | ||
| Q1 25 | $31.1M | $-34.0M | ||
| Q4 24 | $82.1M | $177.0M | ||
| Q3 24 | $60.9M | $136.0M | ||
| Q2 24 | $24.8M | $49.0M | ||
| Q1 24 | $22.9M | $-169.0M |
自由现金流率FSSRIG
| Q4 25 | 15.0% | 30.8% | ||
| Q3 25 | 9.7% | 22.9% | ||
| Q2 25 | 9.3% | 10.5% | ||
| Q1 25 | 6.7% | -3.8% | ||
| Q4 24 | 17.4% | 18.6% | ||
| Q3 24 | 12.8% | 14.3% | ||
| Q2 24 | 5.1% | 5.7% | ||
| Q1 24 | 5.4% | -22.1% |
资本支出强度FSSRIG
| Q4 25 | 1.3% | 2.7% | ||
| Q3 25 | 1.3% | 1.1% | ||
| Q2 25 | 1.3% | 2.4% | ||
| Q1 25 | 1.2% | 6.6% | ||
| Q4 24 | 1.8% | 3.0% | ||
| Q3 24 | 1.7% | 6.1% | ||
| Q2 24 | 3.2% | 9.8% | ||
| Q1 24 | 2.0% | 10.9% |
现金转化率FSSRIG
| Q4 25 | 1.60× | 13.96× | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.81× | 29.43× | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | 0.61× | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
