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FEDERAL SIGNAL CORP（FSS）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的1.8倍（$597.1M vs $331.3M），FEDERAL SIGNAL CORP净利率更高（10.2% vs 0.0%，领先10.2%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 2.2%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $8.7M），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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
FSS vs SPWH — 直观对比
营收规模更大
FSS
是对方的1.8倍
$331.3M
营收增速更快
FSS
高出24.3%
2.2%
净利率更高
FSS
高出10.2%
0.0%
自由现金流更多
FSS
多$80.8M
$8.7M
两年增速更快
FSS
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $331.3M |
| 净利润 | $60.8M | $8.0K |
| 毛利率 | 28.4% | 32.8% |
| 营业利润率 | 14.0% | 1.3% |
| 净利率 | 10.2% | 0.0% |
| 营收同比 | 26.5% | 2.2% |
| 净利润同比 | 21.6% | -97.8% |
| 每股收益（稀释后） | $0.99 | $0.00 |
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FSSSPWH
| Q4 25 | $597.1M | $331.3M | ||
| Q3 25 | $555.0M | $293.9M | ||
| Q2 25 | $564.6M | $249.1M | ||
| Q1 25 | $463.8M | $340.4M | ||
| Q4 24 | $472.0M | $324.3M | ||
| Q3 24 | $474.2M | $288.7M | ||
| Q2 24 | $490.4M | $244.2M | ||
| Q1 24 | $424.9M | $370.4M |
净利润FSSSPWH
| Q4 25 | $60.8M | $8.0K | ||
| Q3 25 | $68.1M | $-7.1M | ||
| Q2 25 | $71.4M | $-21.3M | ||
| Q1 25 | $46.3M | $-8.7M | ||
| Q4 24 | $50.0M | $-364.0K | ||
| Q3 24 | $53.9M | $-5.9M | ||
| Q2 24 | $60.8M | $-18.1M | ||
| Q1 24 | $51.6M | $-8.7M |
毛利率FSSSPWH
| Q4 25 | 28.4% | 32.8% | ||
| Q3 25 | 29.1% | 32.0% | ||
| Q2 25 | 30.0% | 30.4% | ||
| Q1 25 | 28.2% | 30.4% | ||
| Q4 24 | 28.1% | 31.8% | ||
| Q3 24 | 29.6% | 31.2% | ||
| Q2 24 | 29.4% | 30.2% | ||
| Q1 24 | 27.3% | 26.8% |
营业利润率FSSSPWH
| Q4 25 | 14.0% | 1.3% | ||
| Q3 25 | 16.9% | -1.1% | ||
| Q2 25 | 17.3% | -7.9% | ||
| Q1 25 | 14.2% | 1.1% | ||
| Q4 24 | 14.9% | 1.0% | ||
| Q3 24 | 16.0% | -1.5% | ||
| Q2 24 | 16.5% | -8.4% | ||
| Q1 24 | 12.8% | -2.1% |
净利率FSSSPWH
| Q4 25 | 10.2% | 0.0% | ||
| Q3 25 | 12.3% | -2.4% | ||
| Q2 25 | 12.6% | -8.5% | ||
| Q1 25 | 10.0% | -2.6% | ||
| Q4 24 | 10.6% | -0.1% | ||
| Q3 24 | 11.4% | -2.0% | ||
| Q2 24 | 12.4% | -7.4% | ||
| Q1 24 | 12.1% | -2.4% |
每股收益（稀释后）FSSSPWH
| Q4 25 | $0.99 | $0.00 | ||
| Q3 25 | $1.11 | $-0.18 | ||
| Q2 25 | $1.16 | $-0.56 | ||
| Q1 25 | $0.75 | $-0.22 | ||
| Q4 24 | $0.80 | $-0.01 | ||
| Q3 24 | $0.87 | $-0.16 | ||
| Q2 24 | $0.99 | $-0.48 | ||
| Q1 24 | $0.84 | $-0.22 |
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 | $2.2M |
| 总债务越低越好 | $564.6M | $44.0M |
| 股东权益账面价值 | $1.4B | $209.5M |
| 总资产 | $2.4B | $913.9M |
| 负债/权益比越低杠杆越低 | 0.41× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资FSSSPWH
| Q4 25 | $63.7M | $2.2M | ||
| Q3 25 | $54.4M | $1.8M | ||
| Q2 25 | $64.7M | $3.6M | ||
| Q1 25 | $57.5M | $2.8M | ||
| Q4 24 | $91.1M | $2.7M | ||
| Q3 24 | $73.7M | $2.6M | ||
| Q2 24 | $48.6M | $2.2M | ||
| Q1 24 | $48.9M | $3.1M |
总债务FSSSPWH
| Q4 25 | $564.6M | $44.0M | ||
| Q3 25 | $201.2M | $43.9M | ||
| Q2 25 | $258.3M | $24.1M | ||
| Q1 25 | $266.9M | $24.1M | ||
| Q4 24 | $204.4M | $24.0M | ||
| Q3 24 | $223.3M | $24.0M | ||
| Q2 24 | $248.8M | — | ||
| Q1 24 | $266.8M | — |
股东权益FSSSPWH
| Q4 25 | $1.4B | $209.5M | ||
| Q3 25 | $1.3B | $208.9M | ||
| Q2 25 | $1.3B | $215.1M | ||
| Q1 25 | $1.2B | $235.7M | ||
| Q4 24 | $1.2B | $243.6M | ||
| Q3 24 | $1.1B | $243.0M | ||
| Q2 24 | $1.1B | $247.5M | ||
| Q1 24 | $1.0B | $264.6M |
总资产FSSSPWH
| Q4 25 | $2.4B | $913.9M | ||
| Q3 25 | $1.9B | $948.9M | ||
| Q2 25 | $1.9B | $929.7M | ||
| Q1 25 | $1.9B | $852.1M | ||
| Q4 24 | $1.8B | $967.7M | ||
| Q3 24 | $1.7B | $901.9M | ||
| Q2 24 | $1.7B | $930.4M | ||
| Q1 24 | $1.7B | $886.2M |
负债/权益比FSSSPWH
| Q4 25 | 0.41× | 0.21× | ||
| Q3 25 | 0.15× | 0.21× | ||
| Q2 25 | 0.20× | 0.11× | ||
| Q1 25 | 0.22× | 0.10× | ||
| Q4 24 | 0.17× | 0.10× | ||
| Q3 24 | 0.19× | 0.10× | ||
| 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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $8.7M |
| 自由现金流率自由现金流/营收 | 15.0% | 2.6% |
| 资本支出强度资本支出/营收 | 1.3% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.60× | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $227.1M | $-39.7M |
8季度趋势，按日历期对齐
经营现金流FSSSPWH
| Q4 25 | $97.2M | $16.3M | ||
| Q3 25 | $61.1M | $-26.6M | ||
| Q2 25 | $59.7M | $-60.2M | ||
| Q1 25 | $36.7M | $52.8M | ||
| Q4 24 | $90.6M | $-2.5M | ||
| Q3 24 | $68.8M | $18.5M | ||
| Q2 24 | $40.6M | $-34.6M | ||
| Q1 24 | $31.3M | $68.9M |
自由现金流FSSSPWH
| Q4 25 | $89.5M | $8.7M | ||
| Q3 25 | $54.1M | $-33.9M | ||
| Q2 25 | $52.4M | $-64.0M | ||
| Q1 25 | $31.1M | $49.6M | ||
| Q4 24 | $82.1M | $-6.2M | ||
| Q3 24 | $60.9M | $14.1M | ||
| Q2 24 | $24.8M | $-38.0M | ||
| Q1 24 | $22.9M | $60.2M |
自由现金流率FSSSPWH
| Q4 25 | 15.0% | 2.6% | ||
| Q3 25 | 9.7% | -11.5% | ||
| Q2 25 | 9.3% | -25.7% | ||
| Q1 25 | 6.7% | 14.6% | ||
| Q4 24 | 17.4% | -1.9% | ||
| Q3 24 | 12.8% | 4.9% | ||
| Q2 24 | 5.1% | -15.5% | ||
| Q1 24 | 5.4% | 16.2% |
资本支出强度FSSSPWH
| Q4 25 | 1.3% | 2.3% | ||
| Q3 25 | 1.3% | 2.5% | ||
| Q2 25 | 1.3% | 1.5% | ||
| Q1 25 | 1.2% | 1.0% | ||
| Q4 24 | 1.8% | 1.1% | ||
| Q3 24 | 1.7% | 1.5% | ||
| Q2 24 | 3.2% | 1.4% | ||
| Q1 24 | 2.0% | 2.4% |
现金转化率FSSSPWH
| Q4 25 | 1.60× | 2038.00× | ||
| 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% |
SPWH
暂无分部数据
