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FEDERAL SIGNAL CORP（FSS）与Sylvamo Corp（SLVM）财务数据对比。点击上方公司名可切换其他公司
Sylvamo Corp的季度营收约是FEDERAL SIGNAL CORP的1.3倍（$755.0M vs $597.1M），FEDERAL SIGNAL CORP净利率更高（10.2% vs -0.4%，领先10.6%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs -8.0%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $-59.0M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs -10.0%）
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。
西尔瓦莫公司是全球领先的可持续纸浆与纸品生产商，核心产品包括非涂布印刷纸、包装纸及商用纸浆，业务覆盖北美、欧洲、拉美地区，服务办公耗材、出版、商业印刷、包装等多个领域。
FSS vs SLVM — 直观对比
营收规模更大
SLVM
是对方的1.3倍
$597.1M
营收增速更快
FSS
高出34.5%
-8.0%
净利率更高
FSS
高出10.6%
-0.4%
自由现金流更多
FSS
多$148.5M
$-59.0M
两年增速更快
FSS
近两年复合增速
-10.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $755.0M |
| 净利润 | $60.8M | $-3.0M |
| 毛利率 | 28.4% | — |
| 营业利润率 | 14.0% | — |
| 净利率 | 10.2% | -0.4% |
| 营收同比 | 26.5% | -8.0% |
| 净利润同比 | 21.6% | — |
| 每股收益（稀释后） | $0.99 | $-0.08 |
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FSSSLVM
| Q1 26 | — | $755.0M | ||
| Q4 25 | $597.1M | $890.0M | ||
| Q3 25 | $555.0M | $846.0M | ||
| Q2 25 | $564.6M | $794.0M | ||
| Q1 25 | $463.8M | $821.0M | ||
| Q4 24 | $472.0M | $970.0M | ||
| Q3 24 | $474.2M | $965.0M | ||
| Q2 24 | $490.4M | $933.0M |
净利润FSSSLVM
| Q1 26 | — | $-3.0M | ||
| Q4 25 | $60.8M | $33.0M | ||
| Q3 25 | $68.1M | $57.0M | ||
| Q2 25 | $71.4M | $15.0M | ||
| Q1 25 | $46.3M | $27.0M | ||
| Q4 24 | $50.0M | $81.0M | ||
| Q3 24 | $53.9M | $95.0M | ||
| Q2 24 | $60.8M | $83.0M |
毛利率FSSSLVM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率FSSSLVM
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 8.9% | ||
| Q3 25 | 16.9% | 11.6% | ||
| Q2 25 | 17.3% | 3.8% | ||
| Q1 25 | 14.2% | 5.4% | ||
| Q4 24 | 14.9% | 11.2% | ||
| Q3 24 | 16.0% | 15.5% | ||
| Q2 24 | 16.5% | 13.1% |
净利率FSSSLVM
| Q1 26 | — | -0.4% | ||
| Q4 25 | 10.2% | 3.7% | ||
| Q3 25 | 12.3% | 6.7% | ||
| Q2 25 | 12.6% | 1.9% | ||
| Q1 25 | 10.0% | 3.3% | ||
| Q4 24 | 10.6% | 8.4% | ||
| Q3 24 | 11.4% | 9.8% | ||
| Q2 24 | 12.4% | 8.9% |
每股收益（稀释后）FSSSLVM
| Q1 26 | — | $-0.08 | ||
| Q4 25 | $0.99 | $0.81 | ||
| Q3 25 | $1.11 | $1.41 | ||
| Q2 25 | $1.16 | $0.37 | ||
| Q1 25 | $0.75 | $0.65 | ||
| Q4 24 | $0.80 | $1.91 | ||
| Q3 24 | $0.87 | $2.27 | ||
| Q2 24 | $0.99 | $1.98 |
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 | $766.0M |
| 股东权益账面价值 | $1.4B | $979.0M |
| 总资产 | $2.4B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.41× | 0.78× |
8季度趋势，按日历期对齐
现金及短期投资FSSSLVM
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $198.0M | ||
| Q3 25 | $54.4M | $146.0M | ||
| Q2 25 | $64.7M | $183.0M | ||
| Q1 25 | $57.5M | $220.0M | ||
| Q4 24 | $91.1M | $309.0M | ||
| Q3 24 | $73.7M | $414.0M | ||
| Q2 24 | $48.6M | $213.0M |
总债务FSSSLVM
| Q1 26 | — | $766.0M | ||
| Q4 25 | $564.6M | $763.0M | ||
| Q3 25 | $201.2M | $778.0M | ||
| Q2 25 | $258.3M | $767.0M | ||
| Q1 25 | $266.9M | $794.0M | ||
| Q4 24 | $204.4M | $782.0M | ||
| Q3 24 | $223.3M | $883.0M | ||
| Q2 24 | $248.8M | $894.0M |
股东权益FSSSLVM
| Q1 26 | — | $979.0M | ||
| Q4 25 | $1.4B | $966.0M | ||
| Q3 25 | $1.3B | $977.0M | ||
| Q2 25 | $1.3B | $959.0M | ||
| Q1 25 | $1.2B | $908.0M | ||
| Q4 24 | $1.2B | $847.0M | ||
| Q3 24 | $1.1B | $937.0M | ||
| Q2 24 | $1.1B | $830.0M |
总资产FSSSLVM
| Q1 26 | — | $2.8B | ||
| Q4 25 | $2.4B | $2.8B | ||
| Q3 25 | $1.9B | $2.7B | ||
| Q2 25 | $1.9B | $2.7B | ||
| Q1 25 | $1.9B | $2.6B | ||
| Q4 24 | $1.8B | $2.6B | ||
| Q3 24 | $1.7B | $2.9B | ||
| Q2 24 | $1.7B | $2.7B |
负债/权益比FSSSLVM
| Q1 26 | — | 0.78× | ||
| Q4 25 | 0.41× | 0.79× | ||
| Q3 25 | 0.15× | 0.80× | ||
| Q2 25 | 0.20× | 0.80× | ||
| Q1 25 | 0.22× | 0.87× | ||
| Q4 24 | 0.17× | 0.92× | ||
| Q3 24 | 0.19× | 0.94× | ||
| Q2 24 | 0.23× | 1.08× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $-59.0M |
| 自由现金流率自由现金流/营收 | 15.0% | -7.8% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $227.1M | $10.0M |
8季度趋势，按日历期对齐
经营现金流FSSSLVM
| Q1 26 | — | — | ||
| Q4 25 | $97.2M | $94.0M | ||
| Q3 25 | $61.1M | $87.0M | ||
| Q2 25 | $59.7M | $64.0M | ||
| Q1 25 | $36.7M | $23.0M | ||
| Q4 24 | $90.6M | $164.0M | ||
| Q3 24 | $68.8M | $163.0M | ||
| Q2 24 | $40.6M | $115.0M |
自由现金流FSSSLVM
| Q1 26 | — | $-59.0M | ||
| Q4 25 | $89.5M | $38.0M | ||
| Q3 25 | $54.1M | $33.0M | ||
| Q2 25 | $52.4M | $-2.0M | ||
| Q1 25 | $31.1M | $-25.0M | ||
| Q4 24 | $82.1M | $100.0M | ||
| Q3 24 | $60.9M | $119.0M | ||
| Q2 24 | $24.8M | $62.0M |
自由现金流率FSSSLVM
| Q1 26 | — | -7.8% | ||
| Q4 25 | 15.0% | 4.3% | ||
| Q3 25 | 9.7% | 3.9% | ||
| Q2 25 | 9.3% | -0.3% | ||
| Q1 25 | 6.7% | -3.0% | ||
| Q4 24 | 17.4% | 10.3% | ||
| Q3 24 | 12.8% | 12.3% | ||
| Q2 24 | 5.1% | 6.6% |
资本支出强度FSSSLVM
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 6.3% | ||
| Q3 25 | 1.3% | 6.4% | ||
| Q2 25 | 1.3% | 8.3% | ||
| Q1 25 | 1.2% | 5.8% | ||
| Q4 24 | 1.8% | 6.6% | ||
| Q3 24 | 1.7% | 4.6% | ||
| Q2 24 | 3.2% | 5.7% |
现金转化率FSSSLVM
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | 2.85× | ||
| Q3 25 | 0.90× | 1.53× | ||
| Q2 25 | 0.84× | 4.27× | ||
| Q1 25 | 0.79× | 0.85× | ||
| Q4 24 | 1.81× | 2.02× | ||
| Q3 24 | 1.28× | 1.72× | ||
| Q2 24 | 0.67× | 1.39× |
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% |
SLVM
| North America | $390.0M | 52% |
| Europe | $190.0M | 25% |
| Latin America | $187.0M | 25% |
