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FEDERAL SIGNAL CORP（FSS）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
Ubiquiti Inc.的季度营收约是FEDERAL SIGNAL CORP的1.4倍（$814.9M vs $597.1M），Ubiquiti Inc.净利率更高（28.7% vs 10.2%，领先18.5%），Ubiquiti Inc.同比增速更快（35.8% vs 26.5%），Ubiquiti Inc.自由现金流更多（$260.3M vs $89.5M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
FSS vs UI — 直观对比
营收规模更大
UI
是对方的1.4倍
$597.1M
营收增速更快
UI
高出9.3%
26.5%
净利率更高
UI
高出18.5%
10.2%
自由现金流更多
UI
多$170.8M
$89.5M
两年增速更快
UI
近两年复合增速
18.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $597.1M | $814.9M |
| 净利润 | $60.8M | $233.6M |
| 毛利率 | 28.4% | 45.9% |
| 营业利润率 | 14.0% | 35.9% |
| 净利率 | 10.2% | 28.7% |
| 营收同比 | 26.5% | 35.8% |
| 净利润同比 | 21.6% | 70.8% |
| 每股收益（稀释后） | $0.99 | $3.86 |
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FSSUI
| Q4 25 | $597.1M | $814.9M | ||
| Q3 25 | $555.0M | $733.8M | ||
| Q2 25 | $564.6M | $759.2M | ||
| Q1 25 | $463.8M | $664.2M | ||
| Q4 24 | $472.0M | $599.9M | ||
| Q3 24 | $474.2M | $550.3M | ||
| Q2 24 | $490.4M | $507.5M | ||
| Q1 24 | $424.9M | $493.0M |
净利润FSSUI
| Q4 25 | $60.8M | $233.6M | ||
| Q3 25 | $68.1M | $207.9M | ||
| Q2 25 | $71.4M | $266.7M | ||
| Q1 25 | $46.3M | $180.4M | ||
| Q4 24 | $50.0M | $136.8M | ||
| Q3 24 | $53.9M | $128.0M | ||
| Q2 24 | $60.8M | $103.8M | ||
| Q1 24 | $51.6M | $76.3M |
毛利率FSSUI
| Q4 25 | 28.4% | 45.9% | ||
| Q3 25 | 29.1% | 46.0% | ||
| Q2 25 | 30.0% | 45.1% | ||
| Q1 25 | 28.2% | 44.5% | ||
| Q4 24 | 28.1% | 41.2% | ||
| Q3 24 | 29.6% | 42.1% | ||
| Q2 24 | 29.4% | 40.2% | ||
| Q1 24 | 27.3% | 35.3% |
营业利润率FSSUI
| Q4 25 | 14.0% | 35.9% | ||
| Q3 25 | 16.9% | 35.7% | ||
| Q2 25 | 17.3% | 34.4% | ||
| Q1 25 | 14.2% | 34.2% | ||
| Q4 24 | 14.9% | 29.8% | ||
| Q3 24 | 16.0% | 30.7% | ||
| Q2 24 | 16.5% | 27.3% | ||
| Q1 24 | 12.8% | 22.6% |
净利率FSSUI
| Q4 25 | 10.2% | 28.7% | ||
| Q3 25 | 12.3% | 28.3% | ||
| Q2 25 | 12.6% | 35.1% | ||
| Q1 25 | 10.0% | 27.2% | ||
| Q4 24 | 10.6% | 22.8% | ||
| Q3 24 | 11.4% | 23.3% | ||
| Q2 24 | 12.4% | 20.5% | ||
| Q1 24 | 12.1% | 15.5% |
每股收益（稀释后）FSSUI
| Q4 25 | $0.99 | $3.86 | ||
| Q3 25 | $1.11 | $3.43 | ||
| Q2 25 | $1.16 | $4.40 | ||
| Q1 25 | $0.75 | $2.98 | ||
| Q4 24 | $0.80 | $2.26 | ||
| Q3 24 | $0.87 | $2.12 | ||
| Q2 24 | $0.99 | $1.72 | ||
| Q1 24 | $0.84 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | $564.6M | $47.5M |
| 股东权益账面价值 | $1.4B | $1.0B |
| 总资产 | $2.4B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.41× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资FSSUI
| Q4 25 | $63.7M | $302.8M | ||
| Q3 25 | $54.4M | $177.2M | ||
| Q2 25 | $64.7M | $149.7M | ||
| Q1 25 | $57.5M | $151.0M | ||
| Q4 24 | $91.1M | $133.1M | ||
| Q3 24 | $73.7M | $165.2M | ||
| Q2 24 | $48.6M | $126.3M | ||
| Q1 24 | $48.9M | $102.5M |
总债务FSSUI
| Q4 25 | $564.6M | $47.5M | ||
| Q3 25 | $201.2M | $133.8M | ||
| Q2 25 | $258.3M | $250.0M | ||
| Q1 25 | $266.9M | $340.0M | ||
| Q4 24 | $204.4M | $406.3M | ||
| Q3 24 | $223.3M | $552.5M | ||
| Q2 24 | $248.8M | $708.1M | ||
| Q1 24 | $266.8M | $877.5M |
股东权益FSSUI
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.3B | $828.4M | ||
| Q2 25 | $1.3B | $668.3M | ||
| Q1 25 | $1.2B | $436.1M | ||
| Q4 24 | $1.2B | $290.4M | ||
| Q3 24 | $1.1B | $188.1M | ||
| Q2 24 | $1.1B | $95.1M | ||
| Q1 24 | $1.0B | $25.9M |
总资产FSSUI
| Q4 25 | $2.4B | $1.6B | ||
| Q3 25 | $1.9B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.7B | $1.2B |
负债/权益比FSSUI
| Q4 25 | 0.41× | 0.05× | ||
| Q3 25 | 0.15× | 0.16× | ||
| Q2 25 | 0.20× | 0.37× | ||
| Q1 25 | 0.22× | 0.78× | ||
| Q4 24 | 0.17× | 1.40× | ||
| Q3 24 | 0.19× | 2.94× | ||
| Q2 24 | 0.23× | 7.45× | ||
| Q1 24 | 0.26× | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $89.5M | $260.3M |
| 自由现金流率自由现金流/营收 | 15.0% | 31.9% |
| 资本支出强度资本支出/营收 | 1.3% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.60× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $227.1M | $699.5M |
8季度趋势，按日历期对齐
经营现金流FSSUI
| Q4 25 | $97.2M | $263.9M | ||
| Q3 25 | $61.1M | $198.5M | ||
| Q2 25 | $59.7M | $130.4M | ||
| Q1 25 | $36.7M | $123.6M | ||
| Q4 24 | $90.6M | $152.4M | ||
| Q3 24 | $68.8M | $233.7M | ||
| Q2 24 | $40.6M | $231.4M | ||
| Q1 24 | $31.3M | $163.9M |
自由现金流FSSUI
| Q4 25 | $89.5M | $260.3M | ||
| Q3 25 | $54.1M | $193.3M | ||
| Q2 25 | $52.4M | $125.2M | ||
| Q1 25 | $31.1M | $120.7M | ||
| Q4 24 | $82.1M | $150.4M | ||
| Q3 24 | $60.9M | $231.1M | ||
| Q2 24 | $24.8M | $229.5M | ||
| Q1 24 | $22.9M | $160.6M |
自由现金流率FSSUI
| Q4 25 | 15.0% | 31.9% | ||
| Q3 25 | 9.7% | 26.3% | ||
| Q2 25 | 9.3% | 16.5% | ||
| Q1 25 | 6.7% | 18.2% | ||
| Q4 24 | 17.4% | 25.1% | ||
| Q3 24 | 12.8% | 42.0% | ||
| Q2 24 | 5.1% | 45.2% | ||
| Q1 24 | 5.4% | 32.6% |
资本支出强度FSSUI
| Q4 25 | 1.3% | 0.4% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 1.3% | 0.7% | ||
| Q1 25 | 1.2% | 0.4% | ||
| Q4 24 | 1.8% | 0.3% | ||
| Q3 24 | 1.7% | 0.5% | ||
| Q2 24 | 3.2% | 0.4% | ||
| Q1 24 | 2.0% | 0.7% |
现金转化率FSSUI
| Q4 25 | 1.60× | 1.13× | ||
| Q3 25 | 0.90× | 0.95× | ||
| Q2 25 | 0.84× | 0.49× | ||
| Q1 25 | 0.79× | 0.68× | ||
| Q4 24 | 1.81× | 1.11× | ||
| Q3 24 | 1.28× | 1.83× | ||
| Q2 24 | 0.67× | 2.23× | ||
| Q1 24 | 0.61× | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
