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FEDERAL SIGNAL CORP（FSS）与Rivian Automotive, Inc.（RIVN）财务数据对比。点击上方公司名可切换其他公司
Rivian Automotive, Inc.的季度营收约是FEDERAL SIGNAL CORP的2.2倍（$1.3B vs $597.1M）。FEDERAL SIGNAL CORP净利率更高（10.2% vs -63.1%，领先73.2%）。FEDERAL SIGNAL CORP同比增速更快（26.5% vs -25.8%）。FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $-1.1B）。过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs 3.3%）
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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
FSS vs RIVN — 直观对比
营收规模更大
RIVN
是对方的2.2倍
$597.1M
营收增速更快
FSS
高出52.3%
-25.8%
净利率更高
FSS
高出73.2%
-63.1%
自由现金流更多
FSS
多$1.2B
$-1.1B
两年增速更快
FSS
近两年复合增速
3.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $1.3B |
| 净利润 | $60.8M | $-811.0M |
| 毛利率 | 28.4% | 9.3% |
| 营业利润率 | 14.0% | -64.8% |
| 净利率 | 10.2% | -63.1% |
| 营收同比 | 26.5% | -25.8% |
| 净利润同比 | 21.6% | -9.0% |
| 每股收益（稀释后） | $0.99 | $-0.66 |
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FSSRIVN
| Q4 25 | $597.1M | $1.3B | ||
| Q3 25 | $555.0M | $1.6B | ||
| Q2 25 | $564.6M | $1.3B | ||
| Q1 25 | $463.8M | $1.2B | ||
| Q4 24 | $472.0M | $1.7B | ||
| Q3 24 | $474.2M | $874.0M | ||
| Q2 24 | $490.4M | $1.2B | ||
| Q1 24 | $424.9M | $1.2B |
净利润FSSRIVN
| Q4 25 | $60.8M | $-811.0M | ||
| Q3 25 | $68.1M | $-1.2B | ||
| Q2 25 | $71.4M | $-1.1B | ||
| Q1 25 | $46.3M | $-545.0M | ||
| Q4 24 | $50.0M | $-744.0M | ||
| Q3 24 | $53.9M | $-1.1B | ||
| Q2 24 | $60.8M | $-1.5B | ||
| Q1 24 | $51.6M | $-1.4B |
毛利率FSSRIVN
| Q4 25 | 28.4% | 9.3% | ||
| Q3 25 | 29.1% | 1.5% | ||
| Q2 25 | 30.0% | -15.8% | ||
| Q1 25 | 28.2% | 16.6% | ||
| Q4 24 | 28.1% | 9.8% | ||
| Q3 24 | 29.6% | -44.9% | ||
| Q2 24 | 29.4% | -38.9% | ||
| Q1 24 | 27.3% | -43.8% |
营业利润率FSSRIVN
| Q4 25 | 14.0% | -64.8% | ||
| Q3 25 | 16.9% | -63.1% | ||
| Q2 25 | 17.3% | -85.5% | ||
| Q1 25 | 14.2% | -52.8% | ||
| Q4 24 | 14.9% | -38.1% | ||
| Q3 24 | 16.0% | -133.8% | ||
| Q2 24 | 16.5% | -118.7% | ||
| Q1 24 | 12.8% | -123.3% |
净利率FSSRIVN
| Q4 25 | 10.2% | -63.1% | ||
| Q3 25 | 12.3% | -75.3% | ||
| Q2 25 | 12.6% | -85.7% | ||
| Q1 25 | 10.0% | -44.0% | ||
| Q4 24 | 10.6% | -42.9% | ||
| Q3 24 | 11.4% | -125.9% | ||
| Q2 24 | 12.4% | -125.8% | ||
| Q1 24 | 12.1% | -120.1% |
每股收益（稀释后）FSSRIVN
| Q4 25 | $0.99 | $-0.66 | ||
| Q3 25 | $1.11 | $-0.96 | ||
| Q2 25 | $1.16 | $-0.97 | ||
| Q1 25 | $0.75 | $-0.48 | ||
| Q4 24 | $0.80 | $-0.67 | ||
| Q3 24 | $0.87 | $-1.08 | ||
| Q2 24 | $0.99 | $-1.46 | ||
| Q1 24 | $0.84 | $-1.48 |
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 | $6.1B |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $4.6B |
| 总资产 | $2.4B | $14.9B |
| 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FSSRIVN
| Q4 25 | $63.7M | $6.1B | ||
| Q3 25 | $54.4M | $7.1B | ||
| Q2 25 | $64.7M | $7.5B | ||
| Q1 25 | $57.5M | $7.2B | ||
| Q4 24 | $91.1M | $7.7B | ||
| Q3 24 | $73.7M | $6.7B | ||
| Q2 24 | $48.6M | $7.9B | ||
| Q1 24 | $48.9M | $7.9B |
总债务FSSRIVN
| 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 | $5.5B | ||
| Q1 24 | $266.8M | $4.4B |
股东权益FSSRIVN
| Q4 25 | $1.4B | $4.6B | ||
| Q3 25 | $1.3B | $5.1B | ||
| Q2 25 | $1.3B | $6.1B | ||
| Q1 25 | $1.2B | $6.2B | ||
| Q4 24 | $1.2B | $6.6B | ||
| Q3 24 | $1.1B | $5.9B | ||
| Q2 24 | $1.1B | $6.8B | ||
| Q1 24 | $1.0B | $8.1B |
总资产FSSRIVN
| Q4 25 | $2.4B | $14.9B | ||
| Q3 25 | $1.9B | $15.2B | ||
| Q2 25 | $1.9B | $15.6B | ||
| Q1 25 | $1.9B | $15.5B | ||
| Q4 24 | $1.8B | $15.4B | ||
| Q3 24 | $1.7B | $14.3B | ||
| Q2 24 | $1.7B | $15.4B | ||
| Q1 24 | $1.7B | $15.7B |
负债/权益比FSSRIVN
| 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× | 0.81× | ||
| Q1 24 | 0.26× | 0.55× |
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 | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $-1.1B |
| 自由现金流率自由现金流/营收 | 15.0% | -89.0% |
| 资本支出强度资本支出/营收 | 1.3% | 36.0% |
| 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 | $-2.5B |
8季度趋势，按日历期对齐
经营现金流FSSRIVN
| Q4 25 | $97.2M | $-681.0M | ||
| Q3 25 | $61.1M | $26.0M | ||
| Q2 25 | $59.7M | $64.0M | ||
| Q1 25 | $36.7M | $-188.0M | ||
| Q4 24 | $90.6M | $1.2B | ||
| Q3 24 | $68.8M | $-876.0M | ||
| Q2 24 | $40.6M | $-754.0M | ||
| Q1 24 | $31.3M | $-1.3B |
自由现金流FSSRIVN
| Q4 25 | $89.5M | $-1.1B | ||
| Q3 25 | $54.1M | $-421.0M | ||
| Q2 25 | $52.4M | $-398.0M | ||
| Q1 25 | $31.1M | $-526.0M | ||
| Q4 24 | $82.1M | $856.0M | ||
| Q3 24 | $60.9M | $-1.2B | ||
| Q2 24 | $24.8M | $-1.0B | ||
| Q1 24 | $22.9M | $-1.5B |
自由现金流率FSSRIVN
| Q4 25 | 15.0% | -89.0% | ||
| Q3 25 | 9.7% | -27.0% | ||
| Q2 25 | 9.3% | -30.5% | ||
| Q1 25 | 6.7% | -42.4% | ||
| Q4 24 | 17.4% | 49.4% | ||
| Q3 24 | 12.8% | -131.9% | ||
| Q2 24 | 5.1% | -89.6% | ||
| Q1 24 | 5.4% | -126.5% |
资本支出强度FSSRIVN
| Q4 25 | 1.3% | 36.0% | ||
| Q3 25 | 1.3% | 28.7% | ||
| Q2 25 | 1.3% | 35.5% | ||
| Q1 25 | 1.2% | 27.3% | ||
| Q4 24 | 1.8% | 18.9% | ||
| Q3 24 | 1.7% | 31.7% | ||
| Q2 24 | 3.2% | 24.4% | ||
| Q1 24 | 2.0% | 21.1% |
现金转化率FSSRIVN
| 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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
