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FEDERAL SIGNAL CORP（FSS）与STARWOOD PROPERTY TRUST, INC.（STWD）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STARWOOD PROPERTY TRUST, INC.的1.2倍（$597.1M vs $492.9M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 10.2%，领先9.5%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 8.5%），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
FSS vs STWD — 直观对比
营收规模更大
FSS
是对方的1.2倍
$492.9M
营收增速更快
FSS
高出18.0%
8.5%
净利率更高
STWD
高出9.5%
10.2%
两年增速更快
FSS
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $492.9M |
| 净利润 | $60.8M | $96.9M |
| 毛利率 | 28.4% | — |
| 营业利润率 | 14.0% | 26.6% |
| 净利率 | 10.2% | 19.7% |
| 营收同比 | 26.5% | 8.5% |
| 净利润同比 | 21.6% | 87.7% |
| 每股收益（稀释后） | $0.99 | $0.25 |
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FSSSTWD
| Q4 25 | $597.1M | $492.9M | ||
| Q3 25 | $555.0M | $488.9M | ||
| Q2 25 | $564.6M | $444.3M | ||
| Q1 25 | $463.8M | $418.2M | ||
| Q4 24 | $472.0M | $454.4M | ||
| Q3 24 | $474.2M | $479.5M | ||
| Q2 24 | $490.4M | $489.8M | ||
| Q1 24 | $424.9M | $523.1M |
净利润FSSSTWD
| Q4 25 | $60.8M | $96.9M | ||
| Q3 25 | $68.1M | $72.6M | ||
| Q2 25 | $71.4M | $129.8M | ||
| Q1 25 | $46.3M | $112.3M | ||
| Q4 24 | $50.0M | $51.6M | ||
| Q3 24 | $53.9M | $76.1M | ||
| Q2 24 | $60.8M | $77.9M | ||
| Q1 24 | $51.6M | $154.3M |
毛利率FSSSTWD
| 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FSSSTWD
| Q4 25 | 14.0% | 26.6% | ||
| Q3 25 | 16.9% | 19.1% | ||
| Q2 25 | 17.3% | 30.5% | ||
| Q1 25 | 14.2% | 28.7% | ||
| Q4 24 | 14.9% | 15.1% | ||
| Q3 24 | 16.0% | 17.2% | ||
| Q2 24 | 16.5% | 19.1% | ||
| Q1 24 | 12.8% | 30.8% |
净利率FSSSTWD
| Q4 25 | 10.2% | 19.7% | ||
| Q3 25 | 12.3% | 14.8% | ||
| Q2 25 | 12.6% | 29.2% | ||
| Q1 25 | 10.0% | 26.8% | ||
| Q4 24 | 10.6% | 11.4% | ||
| Q3 24 | 11.4% | 15.9% | ||
| Q2 24 | 12.4% | 15.9% | ||
| Q1 24 | 12.1% | 29.5% |
每股收益（稀释后）FSSSTWD
| Q4 25 | $0.99 | $0.25 | ||
| Q3 25 | $1.11 | $0.19 | ||
| Q2 25 | $1.16 | $0.38 | ||
| Q1 25 | $0.75 | $0.33 | ||
| Q4 24 | $0.80 | $0.15 | ||
| Q3 24 | $0.87 | $0.23 | ||
| Q2 24 | $0.99 | $0.24 | ||
| Q1 24 | $0.84 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $6.8B |
| 总资产 | $2.4B | $63.2B |
| 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FSSSTWD
| Q4 25 | $63.7M | $499.5M | ||
| Q3 25 | $54.4M | $301.1M | ||
| Q2 25 | $64.7M | $259.9M | ||
| Q1 25 | $57.5M | $440.6M | ||
| Q4 24 | $91.1M | $377.8M | ||
| Q3 24 | $73.7M | $357.9M | ||
| Q2 24 | $48.6M | $259.3M | ||
| Q1 24 | $48.9M | $327.4M |
总债务FSSSTWD
| 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 | — | ||
| Q1 24 | $266.8M | — |
股东权益FSSSTWD
| Q4 25 | $1.4B | $6.8B | ||
| Q3 25 | $1.3B | $6.9B | ||
| Q2 25 | $1.3B | $6.4B | ||
| Q1 25 | $1.2B | $6.4B | ||
| Q4 24 | $1.2B | $6.4B | ||
| Q3 24 | $1.1B | $6.5B | ||
| Q2 24 | $1.1B | $6.2B | ||
| Q1 24 | $1.0B | $6.3B |
总资产FSSSTWD
| Q4 25 | $2.4B | $63.2B | ||
| Q3 25 | $1.9B | $62.4B | ||
| Q2 25 | $1.9B | $62.4B | ||
| Q1 25 | $1.9B | $62.2B | ||
| Q4 24 | $1.8B | $62.6B | ||
| Q3 24 | $1.7B | $64.2B | ||
| Q2 24 | $1.7B | $64.1B | ||
| Q1 24 | $1.7B | $66.2B |
负债/权益比FSSSTWD
| 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× | — | ||
| 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 | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | — |
| 自由现金流率自由现金流/营收 | 15.0% | — |
| 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× | 5.04× |
| 过去12个月自由现金流最近4个季度 | $227.1M | — |
8季度趋势，按日历期对齐
经营现金流FSSSTWD
| Q4 25 | $97.2M | $488.8M | ||
| Q3 25 | $61.1M | $337.6M | ||
| Q2 25 | $59.7M | $-87.4M | ||
| Q1 25 | $36.7M | $238.9M | ||
| Q4 24 | $90.6M | $295.6M | ||
| Q3 24 | $68.8M | $241.8M | ||
| Q2 24 | $40.6M | $53.3M | ||
| Q1 24 | $31.3M | $55.9M |
自由现金流FSSSTWD
| Q4 25 | $89.5M | — | ||
| Q3 25 | $54.1M | — | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $31.1M | — | ||
| Q4 24 | $82.1M | — | ||
| Q3 24 | $60.9M | — | ||
| Q2 24 | $24.8M | — | ||
| Q1 24 | $22.9M | — |
自由现金流率FSSSTWD
| Q4 25 | 15.0% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 5.4% | — |
资本支出强度FSSSTWD
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 2.0% | — |
现金转化率FSSSTWD
| Q4 25 | 1.60× | 5.04× | ||
| Q3 25 | 0.90× | 4.65× | ||
| Q2 25 | 0.84× | -0.67× | ||
| Q1 25 | 0.79× | 2.13× | ||
| Q4 24 | 1.81× | 5.72× | ||
| Q3 24 | 1.28× | 3.18× | ||
| Q2 24 | 0.67× | 0.68× | ||
| Q1 24 | 0.61× | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
