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FEDERAL SIGNAL CORP（FSS）与TRINITY INDUSTRIES INC（TRN）财务数据对比。点击上方公司名可切换其他公司
TRINITY INDUSTRIES INC的季度营收约是FEDERAL SIGNAL CORP的1.0倍（$611.2M vs $597.1M），TRINITY INDUSTRIES INC净利率更高（31.8% vs 10.2%，领先21.6%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs -2.9%），TRINITY INDUSTRIES INC自由现金流更多（$158.6M vs $89.5M），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% vs -13.1%）
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。
特里尼蒂工业公司是一家美国工业企业，旗下布局多元业务线，为工业、能源、交通、建筑等核心领域提供适配的产品及相关服务，在多个下游行业拥有稳定的客户基础与业务覆盖。
FSS vs TRN — 直观对比
营收规模更大
TRN
是对方的1.0倍
$597.1M
营收增速更快
FSS
高出29.4%
-2.9%
净利率更高
TRN
高出21.6%
10.2%
自由现金流更多
TRN
多$69.1M
$89.5M
两年增速更快
FSS
近两年复合增速
-13.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $611.2M |
| 净利润 | $60.8M | $194.2M |
| 毛利率 | 28.4% | 25.5% |
| 营业利润率 | 14.0% | 54.9% |
| 净利率 | 10.2% | 31.8% |
| 营收同比 | 26.5% | -2.9% |
| 净利润同比 | 21.6% | 413.8% |
| 每股收益（稀释后） | $0.99 | $2.25 |
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FSSTRN
| Q4 25 | $597.1M | $611.2M | ||
| Q3 25 | $555.0M | $454.1M | ||
| Q2 25 | $564.6M | $506.2M | ||
| Q1 25 | $463.8M | $585.4M | ||
| Q4 24 | $472.0M | $629.4M | ||
| Q3 24 | $474.2M | $798.8M | ||
| Q2 24 | $490.4M | $841.4M | ||
| Q1 24 | $424.9M | $809.6M |
净利润FSSTRN
| Q4 25 | $60.8M | $194.2M | ||
| Q3 25 | $68.1M | $30.3M | ||
| Q2 25 | $71.4M | $14.1M | ||
| Q1 25 | $46.3M | $22.1M | ||
| Q4 24 | $50.0M | $37.8M | ||
| Q3 24 | $53.9M | $31.4M | ||
| Q2 24 | $60.8M | $54.4M | ||
| Q1 24 | $51.6M | $23.7M |
毛利率FSSTRN
| Q4 25 | 28.4% | 25.5% | ||
| Q3 25 | 29.1% | 31.1% | ||
| Q2 25 | 30.0% | 26.4% | ||
| Q1 25 | 28.2% | 24.3% | ||
| Q4 24 | 28.1% | 24.6% | ||
| Q3 24 | 29.6% | 21.2% | ||
| Q2 24 | 29.4% | 21.3% | ||
| Q1 24 | 27.3% | 20.3% |
营业利润率FSSTRN
| Q4 25 | 14.0% | 54.9% | ||
| Q3 25 | 16.9% | 26.1% | ||
| Q2 25 | 17.3% | 18.8% | ||
| Q1 25 | 14.2% | 17.0% | ||
| Q4 24 | 14.9% | 17.8% | ||
| Q3 24 | 16.0% | 15.3% | ||
| Q2 24 | 16.5% | 16.9% | ||
| Q1 24 | 12.8% | 14.2% |
净利率FSSTRN
| Q4 25 | 10.2% | 31.8% | ||
| Q3 25 | 12.3% | 6.7% | ||
| Q2 25 | 12.6% | 2.8% | ||
| Q1 25 | 10.0% | 3.8% | ||
| Q4 24 | 10.6% | 6.0% | ||
| Q3 24 | 11.4% | 3.9% | ||
| Q2 24 | 12.4% | 6.5% | ||
| Q1 24 | 12.1% | 2.9% |
每股收益（稀释后）FSSTRN
| Q4 25 | $0.99 | $2.25 | ||
| Q3 25 | $1.11 | $0.37 | ||
| Q2 25 | $1.16 | $0.17 | ||
| Q1 25 | $0.75 | $0.26 | ||
| Q4 24 | $0.80 | $0.34 | ||
| Q3 24 | $0.87 | $0.37 | ||
| Q2 24 | $0.99 | $0.65 | ||
| Q1 24 | $0.84 | $0.28 |
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 | $201.3M |
| 总债务越低越好 | $564.6M | — |
| 股东权益账面价值 | $1.4B | $1.1B |
| 总资产 | $2.4B | $8.4B |
| 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FSSTRN
| Q4 25 | $63.7M | $201.3M | ||
| Q3 25 | $54.4M | $66.3M | ||
| Q2 25 | $64.7M | $147.7M | ||
| Q1 25 | $57.5M | $94.9M | ||
| Q4 24 | $91.1M | $228.2M | ||
| Q3 24 | $73.7M | $222.4M | ||
| Q2 24 | $48.6M | $257.1M | ||
| Q1 24 | $48.9M | $118.8M |
总债务FSSTRN
| 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FSSTRN
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.0B | $1.0B |
总资产FSSTRN
| Q4 25 | $2.4B | $8.4B | ||
| Q3 25 | $1.9B | $8.9B | ||
| Q2 25 | $1.9B | $8.8B | ||
| Q1 25 | $1.9B | $8.7B | ||
| Q4 24 | $1.8B | $8.8B | ||
| Q3 24 | $1.7B | $8.8B | ||
| Q2 24 | $1.7B | $9.0B | ||
| Q1 24 | $1.7B | $9.1B |
负债/权益比FSSTRN
| 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 | $177.4M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $158.6M |
| 自由现金流率自由现金流/营收 | 15.0% | 25.9% |
| 资本支出强度资本支出/营收 | 1.3% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.60× | 0.91× |
| 过去12个月自由现金流最近4个季度 | $227.1M | $314.1M |
8季度趋势，按日历期对齐
经营现金流FSSTRN
| Q4 25 | $97.2M | $177.4M | ||
| Q3 25 | $61.1M | $44.2M | ||
| Q2 25 | $59.7M | $61.6M | ||
| Q1 25 | $36.7M | $76.5M | ||
| Q4 24 | $90.6M | $201.6M | ||
| Q3 24 | $68.8M | $78.5M | ||
| Q2 24 | $40.6M | $241.5M | ||
| Q1 24 | $31.3M | $52.2M |
自由现金流FSSTRN
| Q4 25 | $89.5M | $158.6M | ||
| Q3 25 | $54.1M | $35.3M | ||
| Q2 25 | $52.4M | $52.9M | ||
| Q1 25 | $31.1M | $67.3M | ||
| Q4 24 | $82.1M | $180.1M | ||
| Q3 24 | $60.9M | $62.1M | ||
| Q2 24 | $24.8M | $230.2M | ||
| Q1 24 | $22.9M | $47.6M |
自由现金流率FSSTRN
| Q4 25 | 15.0% | 25.9% | ||
| Q3 25 | 9.7% | 7.8% | ||
| Q2 25 | 9.3% | 10.5% | ||
| Q1 25 | 6.7% | 11.5% | ||
| Q4 24 | 17.4% | 28.6% | ||
| Q3 24 | 12.8% | 7.8% | ||
| Q2 24 | 5.1% | 27.4% | ||
| Q1 24 | 5.4% | 5.9% |
资本支出强度FSSTRN
| Q4 25 | 1.3% | 3.1% | ||
| Q3 25 | 1.3% | 2.0% | ||
| Q2 25 | 1.3% | 1.7% | ||
| Q1 25 | 1.2% | 1.6% | ||
| Q4 24 | 1.8% | 3.4% | ||
| Q3 24 | 1.7% | 2.1% | ||
| Q2 24 | 3.2% | 1.3% | ||
| Q1 24 | 2.0% | 0.6% |
现金转化率FSSTRN
| Q4 25 | 1.60× | 0.91× | ||
| Q3 25 | 0.90× | 1.46× | ||
| Q2 25 | 0.84× | 4.37× | ||
| Q1 25 | 0.79× | 3.46× | ||
| Q4 24 | 1.81× | 5.33× | ||
| Q3 24 | 1.28× | 2.50× | ||
| Q2 24 | 0.67× | 4.44× | ||
| Q1 24 | 0.61× | 2.20× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
