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FEDERAL SIGNAL CORP（FSS）与SSR MINING INC.（SSRM）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SSR MINING INC.的1.1倍（$597.1M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 10.2%，领先24.6%），SSR MINING INC.同比增速更快（61.4% vs 26.5%），SSR MINING INC.自由现金流更多（$106.4M vs $89.5M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 18.5%）
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。
SSR Mining Inc.（前身为白银标准资源公司）总部位于美国科罗拉多州丹佛，主营金、银、铜、铅、锌矿产开采，拥有阿根廷最大的银矿，同时在美洲全境及土耳其开展矿产勘探业务。2020年与阿拉瑟黄金合并后迁至丹佛，现任总裁兼首席执行官为罗德尼·P·安塔尔。
FSS vs SSRM — 直观对比
营收规模更大
FSS
是对方的1.1倍
$521.7M
营收增速更快
SSRM
高出34.9%
26.5%
净利率更高
SSRM
高出24.6%
10.2%
自由现金流更多
SSRM
多$16.9M
$89.5M
两年增速更快
SSRM
近两年复合增速
18.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $521.7M |
| 净利润 | $60.8M | $181.5M |
| 毛利率 | 28.4% | — |
| 营业利润率 | 14.0% | 38.8% |
| 净利率 | 10.2% | 34.8% |
| 营收同比 | 26.5% | 61.4% |
| 净利润同比 | 21.6% | 3166.6% |
| 每股收益（稀释后） | $0.99 | $0.84 |
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FSSSSRM
| Q4 25 | $597.1M | $521.7M | ||
| Q3 25 | $555.0M | $385.8M | ||
| Q2 25 | $564.6M | $405.5M | ||
| Q1 25 | $463.8M | $316.6M | ||
| Q4 24 | $472.0M | $323.2M | ||
| Q3 24 | $474.2M | $257.4M | ||
| Q2 24 | $490.4M | $184.8M | ||
| Q1 24 | $424.9M | $230.2M |
净利润FSSSSRM
| Q4 25 | $60.8M | $181.5M | ||
| Q3 25 | $68.1M | $65.4M | ||
| Q2 25 | $71.4M | $90.1M | ||
| Q1 25 | $46.3M | $58.8M | ||
| Q4 24 | $50.0M | $5.6M | ||
| Q3 24 | $53.9M | $10.6M | ||
| Q2 24 | $60.8M | $9.7M | ||
| Q1 24 | $51.6M | $-287.1M |
毛利率FSSSSRM
| 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% | — | ||
| Q1 24 | 27.3% | — |
营业利润率FSSSSRM
| Q4 25 | 14.0% | 38.8% | ||
| Q3 25 | 16.9% | 21.6% | ||
| Q2 25 | 17.3% | 26.9% | ||
| Q1 25 | 14.2% | 21.1% | ||
| Q4 24 | 14.9% | 10.6% | ||
| Q3 24 | 16.0% | 3.5% | ||
| Q2 24 | 16.5% | 5.8% | ||
| Q1 24 | 12.8% | -163.5% |
净利率FSSSSRM
| Q4 25 | 10.2% | 34.8% | ||
| Q3 25 | 12.3% | 17.0% | ||
| Q2 25 | 12.6% | 22.2% | ||
| Q1 25 | 10.0% | 18.6% | ||
| Q4 24 | 10.6% | 1.7% | ||
| Q3 24 | 11.4% | 4.1% | ||
| Q2 24 | 12.4% | 5.2% | ||
| Q1 24 | 12.1% | -124.7% |
每股收益（稀释后）FSSSSRM
| Q4 25 | $0.99 | $0.84 | ||
| Q3 25 | $1.11 | $0.31 | ||
| Q2 25 | $1.16 | $0.42 | ||
| Q1 25 | $0.75 | $0.28 | ||
| Q4 24 | $0.80 | $0.03 | ||
| Q3 24 | $0.87 | $0.05 | ||
| Q2 24 | $0.99 | $0.05 | ||
| Q1 24 | $0.84 | $-1.42 |
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 | $575.6M |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $3.5B |
| 总资产 | $2.4B | $6.1B |
| 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FSSSSRM
| Q4 25 | $63.7M | $575.6M | ||
| Q3 25 | $54.4M | $445.4M | ||
| Q2 25 | $64.7M | $438.5M | ||
| Q1 25 | $57.5M | $341.3M | ||
| Q4 24 | $91.1M | $417.3M | ||
| Q3 24 | $73.7M | $365.8M | ||
| Q2 24 | $48.6M | $384.4M | ||
| Q1 24 | $48.9M | $492.0M |
总债务FSSSSRM
| Q4 25 | $564.6M | — | ||
| Q3 25 | $201.2M | — | ||
| Q2 25 | $258.3M | — | ||
| Q1 25 | $266.9M | — | ||
| Q4 24 | $204.4M | $228.6M | ||
| Q3 24 | $223.3M | $228.3M | ||
| Q2 24 | $248.8M | $228.0M | ||
| Q1 24 | $266.8M | $228.7M |
股东权益FSSSSRM
| Q4 25 | $1.4B | $3.5B | ||
| Q3 25 | $1.3B | $3.3B | ||
| Q2 25 | $1.3B | $3.3B | ||
| Q1 25 | $1.2B | $3.2B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $1.1B | $3.1B | ||
| Q2 24 | $1.1B | $3.1B | ||
| Q1 24 | $1.0B | $3.1B |
总资产FSSSSRM
| Q4 25 | $2.4B | $6.1B | ||
| Q3 25 | $1.9B | $5.9B | ||
| Q2 25 | $1.9B | $5.8B | ||
| Q1 25 | $1.9B | $5.6B | ||
| Q4 24 | $1.8B | $5.2B | ||
| Q3 24 | $1.7B | $5.1B | ||
| Q2 24 | $1.7B | $5.2B | ||
| Q1 24 | $1.7B | $5.3B |
负债/权益比FSSSSRM
| Q4 25 | 0.41× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.17× | 0.07× | ||
| Q3 24 | 0.19× | 0.07× | ||
| Q2 24 | 0.23× | 0.07× | ||
| Q1 24 | 0.26× | 0.07× |
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 | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $106.4M |
| 自由现金流率自由现金流/营收 | 15.0% | 20.4% |
| 资本支出强度资本支出/营收 | 1.3% | 12.6% |
| 现金转化率经营现金流/净利润 | 1.60× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $227.1M | $241.6M |
8季度趋势，按日历期对齐
经营现金流FSSSSRM
| Q4 25 | $97.2M | $172.1M | ||
| Q3 25 | $61.1M | $57.2M | ||
| Q2 25 | $59.7M | $157.8M | ||
| Q1 25 | $36.7M | $84.8M | ||
| Q4 24 | $90.6M | $95.0M | ||
| Q3 24 | $68.8M | $-1.3M | ||
| Q2 24 | $40.6M | $-78.1M | ||
| Q1 24 | $31.3M | $24.6M |
自由现金流FSSSSRM
| Q4 25 | $89.5M | $106.4M | ||
| Q3 25 | $54.1M | $-2.4M | ||
| Q2 25 | $52.4M | $98.4M | ||
| Q1 25 | $31.1M | $39.3M | ||
| Q4 24 | $82.1M | $56.4M | ||
| Q3 24 | $60.9M | $-34.1M | ||
| Q2 24 | $24.8M | $-116.3M | ||
| Q1 24 | $22.9M | $-9.4M |
自由现金流率FSSSSRM
| Q4 25 | 15.0% | 20.4% | ||
| Q3 25 | 9.7% | -0.6% | ||
| Q2 25 | 9.3% | 24.3% | ||
| Q1 25 | 6.7% | 12.4% | ||
| Q4 24 | 17.4% | 17.5% | ||
| Q3 24 | 12.8% | -13.2% | ||
| Q2 24 | 5.1% | -62.9% | ||
| Q1 24 | 5.4% | -4.1% |
资本支出强度FSSSSRM
| Q4 25 | 1.3% | 12.6% | ||
| Q3 25 | 1.3% | 15.4% | ||
| Q2 25 | 1.3% | 14.7% | ||
| Q1 25 | 1.2% | 14.4% | ||
| Q4 24 | 1.8% | 11.9% | ||
| Q3 24 | 1.7% | 12.7% | ||
| Q2 24 | 3.2% | 20.7% | ||
| Q1 24 | 2.0% | 14.8% |
现金转化率FSSSSRM
| Q4 25 | 1.60× | 0.95× | ||
| Q3 25 | 0.90× | 0.87× | ||
| Q2 25 | 0.84× | 1.75× | ||
| Q1 25 | 0.79× | 1.44× | ||
| Q4 24 | 1.81× | 17.10× | ||
| Q3 24 | 1.28× | -0.13× | ||
| Q2 24 | 0.67× | -8.06× | ||
| 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% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
